Essays on Theory Of Constraints

Business

2016-07-28

Introduction

This paper is devoted to the company Nissan Motor Company Ltd. and its management system. The great attention is paid to the operations management, supply chain, inventory management and other aspects, which can significantly impact on the company’s effectiveness. Nissan is currently demonstrating a steady growth in terms of volume of production and sales, as well as developing its technologies in different fields. Nowadays, the company Nissan produces cars in twenty countries around, which include Japan, USA, England, Spain, India, Brazil, Mexico, Russia and others. Sales are conducted in more than one hundred and sixty countries. Company ...

The requirements of today's market are not only a high level of service, reliability and flexibility, but also achievement of minimum cost. Expert experience has shown that management optimization allows the supply chain to achieve a significant improvement in performance, such as cost reductions in various categories, reduce inventory levels while increasing service levels, improve the accuracy of forecasting and planning quality and so on. The need for modernization is not only dictated by short-term supply chain needs in the economy, but also medium and long-term development plans. The leaders focus on strategic business results, looking for opportunities to ...

The book, The Goal: The Process of Ongoing Improvement, by Eliyahu M Goldratt and Jeff Cox, is more like a management novel and is a good read! The fact that the book written by an eminent business consultant, who is also a physician, scientist and the holder of many successful patents, adds more sincerity into the applications that are presented in the book. It has remained one of the best-selling management books since its publication in 1984. The book is not just for management experts, but also for everyone who wants to change their lives for the better. It ...

The Theory of Constraints is a management theory that states that any management system is limited in achieving its goals, and the limitation is due to the presence of certain constraints. There is always at least one constraint present in any management system. Constraints are what keeps the company from achieving its goals. The creator of the theory of constraints, Eliyahu Goldratt, described management systems as being like chains or groups and networks of chains. Each event is dependent on the event that precedes it (SPC for Excel: Theory of Constraints). All processes in the organization have some form ...

When writing any information relative to cause and effect, there has to be clarity with a specified purpose in mind to include the audience who will be addressed, the subject matter, and finally the cause and effect relationship that will be discussed. The presenter of the information must be able to identify the cause and effect relationship and how it exists. But before beginning to write the essay, report, or memorandum, the writer must know what the definition of cause and effect. A cause is what causes something to happen and an effect is what happens because of the ...

Just-In-Time (JIT) and Process Standardization Paper

In the following paper process analysis is conducted on the local private fast food shop, which is specializing in preparing several kinds of burgers and hotdogs. All burgers are made using the same type of buns, however the fillings can vary according to the ordered burger type. The possible additional ingredients may include cheese, potato chips, tomatoes, cucumber, lettuce and special salad. There is only one person selling burgers, therefore he is both responsible for making and selling them. Hotdogs are usually sold without any additional ingredients, however it is possible to add all the components used for the ...

Bottlenecks in a Process

According to the Goldratt’s theory of constraints the system would fail in its weakest link. In his theory Goldratt compares networks to a chain or a system of chains (Dettmer, 1997). Once a certain force is applied, the chain is going to break in its weakest link. Hence, the weakest link is the constraint for achieving better performance ("Theory of constraints,” 2011). The number of constraints at any given time can be only one, as the weakest link is unique at a certain moment. However, in the long run any other non-constraint can become a constraint under different conditions. The continuous improvement of ...