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Theory of Constraints 104: Balance Flow, Not Capacity
In the previous post, I told the story of how Eliyahu Goldratt proposed time as a new mechanism for limiting work-in-process, using a new method he designed called Drum-Buffer-Rope (DBR). Let’s examine how DBR proposes to fix the situation we left at the end of post #102: You’ll recall that the red indicates everyone in … Continue reading Theory of Constraints 104: Balance Flow, Not Capacity
Read moreTheory of Constraints 103: The Four Fundamental Principles of Flow
In the previous post, I described how many companies’ embrace of local optima leads to overwork and burnout for employees, and reduced throughput and profitability for the bottom line. Before we look at what TOC proposes as a solution, we have to take a brief look at the history of flow, beginning with Henry Ford. Ford … Continue reading Theory of Constraints 103: The Four Fundamental Principles of Flow
Read moreTheory of Constraints 102: The Illusion of Local Optima
In the previous post, I argued that many people unknowingly subscribe to a defunct management philosophy: that you can improve the performance of a company as a whole by individually improving the performance of its parts. These isolated improvements are known as “local optima” (or in traditional manufacturing contexts, “local efficiencies”). A local optimum is whatever … Continue reading Theory of Constraints 102: The Illusion of Local Optima
Read moreTheory of Constraints 101: Introduction to the Series
This is a series exploring the Theory of Constraints and related ideas. I don’t know how long it will go on, or where we’ll end up, but I will limit myself to a 5-minute read per post. TOC starts with basic concepts but builds to quite profound ones, and I want to share what I … Continue reading Theory of Constraints 101: Introduction to the Series
Read moreGlobal Biosimilar Market to Reach $6.22 Million by 2020, Says Report
A new report predicts the global biosimilars market will reach $6.22 billion by 2020, and examines the drivers and impediments to its growth. According to a new market research report, the global biosimilars market will reach $6.22 billion by 2020, up from $2.29 billion in 2015, at a compound annual growth rate (CAGR) of … Continue reading Global Biosimilar Market to Reach $6.22 Million by 2020, Says Report
Read moreProductive Office Design
8 tips to make your Office a Productive Place from Small World Social Have you ever walked into an office and felt the energy drain right out of you? We all have. Some of us have probably even worked in an office like that. We can all agree that the type of office we work in … Continue reading Productive Office Design
Read moreWhy you should be the First one in the Office
Don’t hit that snooze button! Instead of getting those extra minutes of sleep, get up and get yourself in the office. Arriving before most of your coworkers allows you time to work completely uninterrupted. No ringing phone, no barrage of emails, no talkative coworkers knocking on your door. Instead you have a block of time … Continue reading Why you should be the First one in the Office
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