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The Choice.
TOC has been successfully applied in almost every area of human endeavor, from industry to healthcare to education. And while Eli Goldratt is indeed a scientist, an educator and a business leader, he is first and foremeost a philosopher, some say a genius. He is a thinker who provokes others to do the same. Often characterized as unconventional, and always stimulating ??? a slayer of sacred cows ??? Dr. Goldratt exhorts his readers to examine and reassess their lives and business practices by cultivating a different perspective and a clear new visionIn his latest book, The Choice, Goldratt once again presents his thought provoking approach, this time through a conversion with his daughter Efrat, as he explains to her his fundamental system of beliefs.
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Critical Chain
Critical Chain, a gripping past-packed business novel, does for Project Management what Eli Goldratt's other novels have done for Production and Marketing. Dr. Goldratt's books have transformed the thinking and actions of management throughout the world. If you have read The Goal and Goal II you will want to read Critical Chain because you understand how Eli Goldratt's books can change how you think about business. If you have not read the Goal and Goal II, this book will introduce you to Dr. Goldratt's Thinking Processes, and you will understand why Fortune Magazine calls his - A Guru to Industry and Business Week describes him as a genius. The difference between Goldratt and the new age business authors, I guess comes down to one fundamental element. Goldratt is simply amazing and the others are amazingly simplistic, Assembly
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The Goal
The book tells us the story of a plant manager, Alex Rogo, who is trying to save his plant, at least show some improvements within 90 days to keep it open. Alex's primary problem is that his plant can not consistently get a quality product out of the plant on time at the cost that can beat the competition. His plant is losing money and if he cannot make it profitable, the management eventually will decide to close the plant. In his fight to save his plant, a physician, Jonah, helps him in achieving his objectives. Alex, with the help of Jonah, finds that the goal of a manufacturing organization and all organizations in general is to make money. Jonah explains the measurements which express the goal of making money in a different way. These measurements are: Throughput Inventory, and Operational expense Throughput is defined as the rate at which the system generates money through sales. Inventory is all the money that the system has invested in purchasing things which intends to sell, and operational expense is all the money the system spends in order to turn inventory into throughput. Then it turns out that the goal of an organization is to increase throughput while simultaneously reducing both inventory and operating expense. To help Alex in achieving his goals and solving problems in his plant in terms of the measurements which express the goal of making money, Jonah introduces him the theory of constraints. Theory of constraints approach includes the following steps to improve the performance of a system: Identify the system's constraint(s) Decide how to exploit the system's constraint(s) Subordinate everything else to exploit the constraint(s) Elevate the system's constraint(s) If in the previous steps a constraint has been broken, go back to step 1, but do not allow inertia to cause a system's constraint. Theory of constraints approach requires...