TOC stands for “Theory of Constraints”, a theory that grew
into a system-based management approach that provides the
means to optimise organisational performance.
The power of TOC comes
from:
Appreciation of systems: knowledge that the whole system can be
significantly more valuable than the sum of its parts
Understanding the nature of
uncertainty and managing it effectively
Understanding systemic cause and
effect relationships to focus management attention
Recognising real leverage points in value creation,
whether they are physical or
behavioural
A distribution and supply chain method
called
Replenishment
A project planning and execution
management approach, called
Critical
Chain (CC)
TOC has a unique way
of measuring an organisation’s progress. This is known as
Constraint
Accounting (CA), and it underpins the Thinking Process,
Drum-Buffer-Rope, Replenishment and Critical Chain operational
solutions.
