May 2006 Volume 2 Number 4 |
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Welcome to another issue of
Archimedia, the System Thinking and Constraints Management
newsletter brought to you by The Theory of Constraints Centre of
Australia. |
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Finance: Scorekeeper or Player?
At a glance:
From the Field: Cadbury Schweppes More chocolate with less Work in Process
Erik Siedler Assortments Business Unit Leader
"My first introduction to TOCCA was in January 2005. TOCCA was invited to Cadbury Schweppes Claremont to conduct a two day workshop on TOC (Theory of Constraints) and to apply these principles on a production line in the Assortments Business Unit. At the end of a very interesting and fun workshop, TOCCA presented their findings on how the DBR (Drum Buffer Rope) principle and Buffer Management could be applied to the Assortments Counting and Packing Line.
"TOCCA was subsequently engaged by Cadbury Schweppes to develop a DBR system for us and the results so far have been very encouraging. The TOC process has forced us to critically evaluate our planning and production process methods. As a result of this analysis and higher production volumes in 2005, Work In Progress (WIP) stock holdings have been significantly reduced compared to last year and several production process flows have been optimised, eliminating double and triple handling.
"Thanks to David and his team, the TOC approach has allowed us to take a fresh approach to production planning and process optimisation and has engaged our workforce to look at production process improvements more pro-actively."
TOC Success Story: Back on the Runway $40 million of additional revenue through faster turnaround times in maintenance For the second year in a row, a Theory of Constraints (TOC) implementation has won the prestigious Franz Edelman award for Achievement in Operations Research and Management Sciences. "The purpose of the competition is to call out, recognize, and reward outstanding examples of management science and operations research in practice. The prize is awarded for implemented work, not for a submitted paper or for the presentation describing the work." The winning team was from the Warner Robins Air Logistics Centre (WR-ALC). Back on the Runway details the amazing progression of maintenance, repair and overhaul operations at WR-ALC on the model C5 aircraft. In summary:
[1] Lean initiatives were implemented by WR-ALC in 2000. Outstanding results led to WR-ALC winning the Shingo Gold Award in September 2005. [2] TOC Project Management Method (Critical Chain) was implemented by WR-ALC in April 2005. Massive improvement was made on already outstanding results.
"The results are remarkable considering they were achieved on an already well-performing operation, one that had just been awarded the Shingo Prize Public Sector Gold Award."
Review:
TOCCA Critical Chain Multi-Project Management Seminar 30 March 2006 A very successful day of Critical Chain Multi Project Management (CCMPM) learning & networking was enjoyed by some 15 people representing a diverse group of industries. Held at TOCCAs premises at Bondi Junction in their new training facility, the seminar provided in-depth assessment of the CCMPM methodology and tools and focussed on the three vital points of any Critical Chain implementation, namely:
Companies that contributed to making this seminar a success included: Transfield, Leighton, Antz, Boeing Australia, ADI Limited, M Webster Holdings, Kell and Rigby and Sales Intelligence. The structure of the day received positive feedback a mid-morning start, networking lunch and wrap up by 4 pm allowed both local and interstate attendees to make the most of one day out of the office. This was the first of a number of free educational seminars that will be offered this year by TOCCA. Future events will include examination of a range of Theory of Constraints (TOC) applications, including:
Come along and enjoy these rewarding learning and networking sessions on us!
Upcoming Events:
The next free TOCCA Educational Seminar ...
TOCCA Constraint Accounting Seminar
Wednesday 31st May, 2006 11:00am - 4:00pm
Suite 1501 Level 15, Westfield Tower 2 101 Grafton St, Bondi Junction
For an insight into ideas that will be presented at this Seminar, we suggest you read the feature article of this Archimedia edition - Finance: scorekeeper or player?
Eli Goldratt's Viable Vision Seminar "Turn your top line into your bottom line in 4 years or less..."
Friday 9th June, 2006.
Sheraton on the Park 161 Elizabeth St, Sydney
>>> Find out more Register Your Interest
The premier worldwide TOC event
TOC-ICO 2006 Conference
Staff Spotlight:
Peter Crossley - Partner BA Hons, HNC Business and Finance
His integration experience includes rollout of call centres throughout
Asia for a major fast food franchise, delivery of mixed platform job
costing systems to construction JVs, and business systems infrastructure
development, throughout a very broad range of industry sectors including
retail, hospitality and banking.
Peter has just finished the beta version of TOCCA's Project Portfolio Manager - a .net application to track everything you ever wanted to know about projects. Watch this space... |
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