Measurements are, without question, number one in terms of power to impact behavior.
Discover how to implement measurements which induce the parts to do what is good for the company as a whole. Operational measurements such as throughput and inventory dollar-days are the key to manage an effective supply chain.
This session, as well as the complete N&S Series, is designed for those who...
Want to understand the Theory of Constraints (TOC) financial indicators of T, I and OE as well as measuring reliability and effectiveness, directly from Dr. Eliyahu Goldratt, developer of TOC, and expand their understanding of what to do with measurements on the execution level and what should be measured to induce fast improvements. and learn how this knowledge challenges the traditional perspective of Cost Accounting: Public Enemy #1 of productivity, Activity Based Costing (ABC) and presents the alternative: Throughput Accounting.
Have just heard about the TOC and want a concise and practical explanation about "what is the Theory of Constraints (TOC)?
Read The Goal, Critical Chain or any other TOC book, and want to learn how the concepts presented are applied to different areas of an organization: production, project management, distribution, measurements, information systems and technology
Need a concise introductory level resource for self-study, training or buy-in
Are looking for an overview of the TOC applications
What is the purpose of measurements? The RULE
Financial measurements of the Company as a whole: Net Profit, ROI
The Problem with policies & execution
Attacking Cost Accounting: Public Enemy #1 of productivity
Throughput Accounting (TA) vs. Activity Based Costing (ABC)
What to do with measurements on the Execution level?
Execution measurements: What should be measured to induce fast improvements?
Things that should have been done and were not > Reliability
Things that should not have been done but nevertheless were > Effectiveness
Measuring Reliability > Throughput Dollar Days
Measuring Effectiveness > Inventory Dollar Days
What about measuring Local Operating Expenses & Quality?