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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).

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