Theory of constraints will really improve your competitiveness

Abstract

The Theory of Constraints (TOC) is a new management philosophy created by Eliyahu M. Goldratt to help an enterprise reach its goal. In order to accomplish this objective a company must change the paradigm of costs an follow two fundamental techniques: the five focussing steps and the thinking process. In this series of three articles we present the fundamental concepts of the TOC and the five focussing steps technique.