Theory of Constraints
In your own words and without references, based on your own experience, using the Theory of Constraints, identify scheduling or resource allocation constraints from past work experience or a familiar company situation.
Note: The Theory of Constraints is applicable for non-manufacturing environments.
A. Describe the situation and identify the constraints
B. Indicate how to overcome the constraints in the situation
I understand that Theory of Constraints is a management philosophy which strives to continually achieve more of the goal of a system. If that system is a for-profit business, then the goal is to make more money. I also understand that every organization has at any particular point in time, a key constraint which limits the system’s performance relative to its goal. I realize Theory of Constraints is based on the premise that the rate of revenue generation is limited by at least one constraining process, known as a ‘bottleneck’.