About this Presentation
A worthy TOC challenge is to get to know an organization and quickly find a way to significantly improve its performance in a safe way. This webinar will use the MICSS simulator, to address the challenges of a virtual small manufacturing organization that is losing money. Eli will explain the current state of the organization and will also take it upon himself to improve the production policies, bringing them in line with Simplified-DBR. So, the key issue is NOT how to improve operations. The true challenge is: How to attract more customers without disrupting the commitment to fast and reliable delivery? The risk is that if too much demand shows up then even using the best flow methods of TOC might not be enough. Questions to be raised during the webinar: What information would indicate early enough that too much demand is coming? When too much demand is coming – what to do? During the simulation run, from one month to another, some of the very basic managerial dilemmas will emerge such as sometimes simply going day by day looking for meaningful information about what’s going on and how it could impact the financial performance, wondering whether to change something or keep the current policies going. The experience shown in the virtual company will demonstrate how it is possible to live under significant uncertainty and still feel secure while significantly improving the bottom line.
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 Theory of Constraints (TOC) can be effectively applied in manufacturing to improve production speed and manage demand.
Buffer management and plan load are critical control measures in a TOC system.
A conservative approach to market demand can prevent overloading the system, while a daring approach requires preparedness for high demand.
Instructor(s)
Eli Schragenheim
Eli Schragenheim is a well-known international management educator, author and consultant active in various fields of management. He worked with a huge variety of organizations all over the world, including public-sector organizations, industrial, high-tech and start-ups. Since he had joined Dr. Eliyahu M. Goldratt, the famous creator of the Theory of Constraints (TOC) in 1985, Eli Schragenheim had taught, spoke at conferences, and consulted all over the globe. Eli Schragenheim is the author of several books on various aspects of management. His last book, Throughput Economics – Making Good Management Decisions, together with Henry Camp and Rocco Surace, was published in July 2019. Eli Schragenheim first book Management Dilemmas (1998) showed a variety of problematic situations in management and the rigorous analysis leading to the right solution. Next he collaborated with William H. Dettmer in writing Manufacturing at Warp Speed. In this book the new concept of Simplified-DBR, now a key concept in production planning according to TOC, was introduced. He collaborated with Carol A. Ptak on ERP, Tools, Techniques, and Applications for Integrating the Supply Chain, and with Dr. Goldratt and Carol Ptak on Necessary but Not Sufficient. In 2009 his book Supply Chain Management at Warp Speed, with William H. Dettmer and Wayne Patterson was published. In March 2015, Eli has opened a blog, now containing more than 140 articles on various topics in TOC that everybody can access.