As we all are witnessing change in the market dynamics, there will be lot of uncertainties and unknowns, disruption cannot be completely avoided, but clear strategic objectives, supported by the right tools and tactics can mitigate the risk and create new opportunities. During such time management attention should be focused upon survival and ensuring no loss of sales happens. What our experience has taught is, the only way to survive this transition and to continue to be forerunner in “new normal” is, to focus upon increasing throughput and reduce inventory thus releasing excess cash.
To summarize, to protect sales i.e. avoid unavailability the company needs to have high stocks, while to control costs the company needs lower stocks. But both “control costs” and “protect sales” are critical needs to have a profitable growth. TOC can help to strike right balance.
The Theory of Constraints (TOC) is a management theory developed by Late Dr Eliyahu Goldratt, It helps management to decide:
- What to change?
- What to change it to?
- How to cause the change?
TOC focuses on the "system constraint." This constraint, or bottleneck, restricts the output of the entire system and at the same time represents the primary leverage point for improving it. The unique value of TOC) is a management approach, developed according to the principles of hard sciences, to guide managers of all organizations to, be able to make reasonably good planning and execution decisions in environments that are complex and uncertain. This is exactly what the supply chain planner truly look for. In short TOC provides supply chain that delivers even in disruption!
In this perspective Indian Chamber of Commerce and 3P Technologies (I) P L is organizing a workshop on Theory of Constraints, 10th July, 2020 at 4 PM to 5.30 PM at Zoom 5.0
A well known international management educator, author and consultant, who has helped variety of organizations all over the world, implementing TOC including MSME’s, He had the opportunity to work with Dr Goldratt (inventor of TOC) for more than 25+ years, and co authored a book with him “necessary but not sufficient “.Few very popular books of Eli are “Supply chain in Wrap speed” & Throughput Economics.
What you will learn:
- How to Maintain high availability to avoid any loss of sales
- Reduce inventory to the right level to control cost & release cash
- Build flexibility in the organization to quickly adopt market changes
Participation Fees: INR 1200/- + 18% GST
For Registration in advance:
Contact Person: Subhajit Roy, M: +91 98317 16032, E: email@example.com