The 7 Key Points for Designing Profitable Manufacturing Systems
The success of Toyota has been achieved not only through the Toyota Production System (TPS) tools but its management principles. This presentation explores the Toyota management principles, provides a comparison of the Toyota Way and Theory of Constraints (TOC), and shares 7 Key points for designing a profitable manufacturing system, specifically: Throughput Accounting, embracing variability, using simulation, designing in the bottleneck, designing out management constraints, validating TOC and other lean game changers, and finally, understanding the accuracy of your analysis.
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