The Theory Of Constraints By Eliyahu M. Goldratt

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The theory of constraints (TOC) is a systems-management philosophy developed by Eliyahu M. Goldratt in the early 1980s. The fundamental thesis of TOC is that constraints establish the limits of performance for any system. Most organizations contain only a few core constraints. TOC advocates suggest that managers should focus on effectively managing the capacity and capability of these constraints if they are to improve the performance of their organization.
TOC challenges managers to rethink some of their fundamental assumptions about how to achieve the goals of their organizations, about what they consider productive actions, and about the real purpose of cost management. Emphasizing the need to maximize the throughput revenues earned through …show more content…

The first step is to identify the constraint in the system that limits throughput or progress toward the goal.
Step 2:
Decide how to exploit the constraint(s). Decide on a plan for the primary constraint that best supports the system’s goal. This requires taking advantage of the existing capacity at the constraint, which is often wasted by making and selling the wrong products, and by improper policies and procedures for scheduling and controlling the constraint.
Step 3:
Subordinate everything else to the above decision. Alter or manage the system’s policies, processes, and/or other resources to support the above decisions. Management directs its efforts towards improving the performance of the constraining task or activity and any other task or activity that directly affects the constraining task or activity.
Step 4:
Elevate the constraint(s). Add capacity or otherwise change the status of the original resources as the dominating primary constraint. In this step, additional capacity is obtained that will increase (elevate) the overall output of the constraining task or activity. This differs from step 2 in that the added output comes from additional purchased capacity, such as buying a second machine, tool, or implementing new …show more content…

The solidified part is ejected out of the mould to complete the process.
 A mould is formed into the geometric shape of desired part. Molten metal is then poured into the mould; the mould holds this material in shape as it solidifies.
PROCESS IN CASTING DEPARTMENT:
 Initially a prototype of the design is created which is called as the “Master”. This master is made of Silver metal.
 After the master pieces are created, moulds are created using rubber for each master piece.
 Wax is poured into the mould using a machine and the wax takes the shape of the design and final wax piece is formed.
 A wax tree is created using the wax pieces and the wax tree is placed in the cylindrical flask.
 Then investment powder is poured into the flask and the flasks are burned so that the wax is melted and investment powder becomes harder.
 Next the flask is put in a casting machine where gold is poured and finally wax tree with gold is formed inside. Later the investment powder is washed with a machine and the final gold wax tree is taken out from the flask.
 Next cutting of the gold pieces from the wax piece is done and

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