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EBM: Constraints

LDRLB

Goldratt that is geared towarding help organizations continually achieve their goals. The underlying assumption of TOC is that organizations can be controlled by variations on three measures: throughput, operating expense, and inventory. Operating expense is all the money the system spends in order to turn inventory into throughput.

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Systemically Non-Systemic: COVID-19 through the Deming Lens

Deming Institute

Gladwell asks, “Do we all belong to separate worlds, operating simultaneously but autonomously…” or “…are we bound up together in a grand interlocking web?” (p. Goldratt describes a constraint as “the limiting factor that prevents a system from moving closer to achieving its goal.”

System 72
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“The fat kid is the bottleneck!” – (Eli Goldratt’s The Goal, and a thought about expertise)

First Friday Book Synopsis

(Hint: read all the way to the end to get the point of this blog post – about expertise and experience). The book The Goal is a “business classic” we somehow have missed at the First Friday Book Synopsis. I am rectifying this, and will present this book at the August First Friday Book Synopsis. [.].

Goal 160