Back to Basics: All-Inclusive Improvement
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Back to Basics: All-Inclusive Improvement
5 steps to fine-tune any system with TOC
- Publication:
- Quality Progress
- Date:
- January 2021
- Issue:
- Volume 54 Issue 1
- Pages:
- pp. 56
- Author(s):
- Gupta, Raunak
- Organization(s):
- Quantum University, Roorkee, India
Abstract
Theory of constraints (TOC) is a continuous improvement strategy developed by E.M. Goldratt in 1980. The theory treats an organization like a system composed of various links or elements primarily focused on achieving a common goal. The core objective of any system is to earn the highest return on investment (ROI).