About this Presentation
This presentation will examine the body of knowledge of TOC as developed by Dr. Eliyahu Goldratt and explicitly demonstrates a lack of sufficiency in the body of knowledge to create and sustain profitability in organizations. Our presentation will also demonstrate how the addition of the management of the flow of money in a business adds the sufficiency necessary for an organization to achieve its goal of making more money now, as well as in the future.
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 introduce a process called 'Standing on the Shoulders of Giants', which involves identifying a successful model or individual (a 'giant'), understanding the area not addressed by the giant, and building upon their work.
The speakers propose a new concept called 'throughput margin', which is the rate at which the system generates money. This concept is distinct from 'throughput', which is commonly thought of as physical or logistical flow.
The speakers argue that the primary objective of operations should be improving the flow of money, not just physical or logistical flow. They propose that companies should adopt a mechanism that links every local action and decision to the global performance of the company.
Instructor(s)
Beau Ganas
Beau Ganas Throughput Accounting Guru. Velocity Pricing System Coach. TOCICO Certified Expert. CPA, CMA, CIA, CFE & CISA
Brad Stillahn
Brad Stillahn: As the owner of Adstick Custom Labels in the late 1990’s, Brad developed the world’s first comprehensive system – for costing, quoting, and pricing to make more money – based on the Theory of Constraint’s (TOC) Throughput Accounting. With Science of Business, he expanded the Job Shop Pricing System to ensure that it would work universally for complex custom job shops, machine shops, and custom manufacturers of all sizes, types, and a wide variety of industries. Brad was Director of Corporate Marketing for Menasha Corporation, a large privately held, multi-divisional company based in Wisconsin. He previously held a variety of management responsibilities at Owens-Illinois, a publicly traded multibillion-dollar packaging company. Brad is TOCIO certified as a TOC Expert, is a Certified Exit Planner (CExP) by the Business Enterprise Institute, and has APICS certifications in Production and Inventory Management (CPIM) and Integrated Resource Management (CIRM). He received his MBA from Washington University in St. Louis.