About this Presentation
This presentation provides: a different look at the buffers of TOC replenishment; the concept of only time buffers usages in production of make to stock (MTS) and make to order (MTO); the results of simulation comparisons; the case study of TKF and a summarization of lessons learned. The derivation of maximum buffer level for the generic rule (The target level is defined as the maximum forecasted consumption within the average replenishment time, factored for the unreliability in replenishment time.) is provided. To determine this target level three questions have to be answered: 1. How long will it take us to replace what was just sold? 2. How much will the demand be during that time? 3. What is the variability of the demand and supply that we should take into account? These questions are answered through examples, a case study and a simulation.
What Will You Learn
To help you get the most value from this session, we’ve highlighted a few key points. These takeaways capture the main ideas and practical insights from the presentation, making it easier for you to review, reflect, and apply what you’ve learned.
The speakers discuss the implementation of the Theory of Constraints (TOC) in their company to improve supply chain management and production efficiency.
They present a new approach to replenishment processes, aiming to ensure product availability throughout the line of products needed for the market.
They also discuss the importance of monitoring buffers to immunize the system from the effects of variability in demand and supply.
Instructor(s)
