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The goal of any business is to make money!
It is that simple, in fact it is common sense, but it is amazing the number of business owners/managers that get stumped by this question.
The most common responses involve listing the benefits of the ...
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Business owners will pursue various measures and strategies to try to get increased productivity and in the pursuit of those they can generate more chaos than they resolve. The idea is to really peel back the layers and get back to very basic measures; th...
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Why are businesses very difficult to manage?
Because of “variation”, of course!
What is “variation”?
Variation is simply “uncertainty”. Uncertainty exists in many forms, but if you think of it as being how you best laid plans turn to custar...
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Lean has been synonymous with car manufacturing and Toyota for decades. After the invention of the Toyota Production System in the 1950's Lean manufacturing went off with a bang. No other car manufacturer in the World has been able to copy the successes a...
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There has been a lot of talk recently of The Recession being over and the strong surviving. Many are mourning the “fallen” and are thankful they were not taken down with them. We are relating to recession as if it were a natural disaster that we can n...
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Inventory Management: The Trap and the Solution... Have you ever been trapped between the risk of missing sales because you run out of inventory and the risk of holding excessive inventory because of not enough sales? Well, you are not alone!!! This c...
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"Complete business process review by June 2010" and "Implement customer relationship management system by December 2009" and "New workplace safety policy in place" are NOT performance measures, despite how often they appear as such in business and strateg...
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"You can only call something productive, if and only if it makes you more money", Jonah, The Goal
There is a lot of talk about being more efficient, being more productive, being more effective and increasing the bottom line.Do all these statements mean t...
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We Have a Problem!There was no doubt that improvements were needed at Brown Fintube. No systematic method of planning or scheduling was in place and jobs were accepted without regard to capacity or loading. Consequently, we were not able to accurately p...
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We had been manufacturing in Australia post WWII based on Standard Product Costing and traditional factory cost efficiency metrics. Our results had been commendable under this regime however sales stagnated; finished goods inventory remained high with bac...
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This quiz is deterministic, in other words there is a correct answer. Familiarize yourself with the data, before attempting the solution. Thousands of CEO’s and business owners have attempted this, and less than 1% got the right answer!! Will you “g...
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"Dr. Lisa" Lang is the President of The Science of Business®, an international consulting firm specializing in
helping companies achieve bottom-line results through the application of The Theory of Constraints, Lean and Six
Sigma. Today Lisa shares wit...
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There is plenty of talk about it, but what does it mean? How do we get more of it?
There is currently a lot of literature about “More Productivity”, there are courses, there are programs, and there are projects. But after 100 years of manufacturi...
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The TOC journey at CommArc started because of a desire to improve our service to all our clients. Whilst the will and the passion were present in the company, and we were getting good feedback from clients, we knew we could do better. The systems and pr...
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I have a regular game of squash with Jim – a good friend of mine. If I had to admit it, I would say that Jim is a better shot-maker than I am. He will dominate the game if he is given enough time. My single advantage is that I am fitter. If the game is ...
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Funny isn't it; that when times toughen up, we think that money comes from governments!! Just yesterday in The Press, there was an article from a mortgage broker telling pregnant readers that, when taking maternity leave, to refinance the home loan with ...
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The theory of constraints helps manage complex systems, as well as determine the root cause of any problem. Contrary to Six Sigma, the approach is logic driven to analyzing the root causes. There is a probability of a Six Sigma project failing due to wron...
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A year into Theory of Constraints implementation at Frasers makes me reflect on how massive a culture change we have implemented across our organisation. I had always wondered how it would be to start a business and develop all of the systems needed to ru...
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A New Zealand specialist high end machine shop, Enztec commenced a TOC Production solution on 30 June 2008.The project was originally commenced to resolve various production negative side effectsthere are too many late jobsthere were surges of inventory i...
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On the 3rd of April, the Advanced Improvement Methodologies Special Interest Group (AIMSIG) hosted its first Café. This Synergy Café sought to explore the benefits of adopting or implementing improvement methodologies symbiotically as opposed t...
