About this Presentation
People use buffers as part of their normal life dealing with uncertainty. So, how come buffers are so central to the Theory of Constraints (TOC), which always looks for unconventional, yet common-sense, solutions? Well, TOC uses buffers quite differently than the common use. Highlighting that difference and why it is not the common approach is going to be discussed in this basic TOC webinar, aimed mainly at new-comers to TOC, but more knowledgeable TOC people might be interested in the perspective of over 30 years. The two common TOC buffers, time-buffers and stock-buffers, are going to be presented. Another insight is presented: buffer management, monitoring the actual state of the buffer in order to answer two critical questions: 1. What should be the true priorities right now? 2. Are the buffer sizes about right? Additionally, more generic questions are: Is our overall system stable? and can it sustain the pressure?
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.
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.