Theory of Constraints and Supply Chain Management

Theory of Constraints and Supply Chain Management

This is an assignment that discusses the theory of Constraints and Supply Chain Management using various resources provided as sources. Additionally, the understanding of measurements and processes of improvement will be key.

Theory of Constraints and Supply Chain Management

F‌‌‍‌‌‍‍‍‌‍‍‌‍‍‍‌‌‌‍or this paper assignment:

Firstly, you will produce and submit an 8 – 10 page paper on the Theory of Constraints and Supply Chain Management and include a detailed summary of the novel.

The Goal. read the following resources and use them as references for your paper. In preparation of this assignment, read the following resources and use them as references for your paper. Goldratt, E. M. & Cox, J. (2012).

The goal: A process of ongoing improvement. (3rd ed.). Great Barrington, MA: North River Press. Rahman, S. (1998). Theory of constraints: A review of the philosophy and its applications. International Journal of Operations & Production Management, 18(4), 336-355. Access this article by Rahman from the Hunt Library Database (Links to an external site.)

Secondly, select ProQuest Central (Links to an external site.) Database Search for "Theory of constraints: a review of the philosophy and its applications.

Select the only result for the full text of the paper Perez, J. L. (1997). TOC for world class global supply chain management. Computers and Industrial Engineering, 33(1-2), 289-293. Access this article by Perez from the Hunt Library Database (Links to an external site.) Select ScienceDirect (Links to an exter‌‌‍‌‌‍‍‍‌‍‍‌‍‍‍‌‌‌‍nal site.) Database Search for ;TOC for World Class Global Supply Chain Management&quot. Also, select the first result, written by JoséLuis Pérez Select Download full text in PDF at the bottom of the page. APA Format Paper is to provide an adequate summary of the novel, The Goal, and specifically address the following requirements: Business man behind a clear screen pointing to a lighted point on a world map with a docked cargo ship behind him.

Cont….

Thirdly, describe your understanding of the three measurements (operational expense, throughput, and inventory) that Jonah defined to Alex. Additionally, explain how Jonah related these three measurements in the "Goal". Describe your understanding of DBR and provide examples. The team identified the bottlenecks in their facility.

Fourthly, explain how they achieved this. Explain your understanding of the steps in the process of on-going improvement. Also, describe how the team defined the process of on-going improvement in the "Goal".

Lastly, explain how TOC focuses on entire system management instead of subsystems isolation and how it applies to supply chain management. Additionally, identify and describe a project in your current or past organization where TOC principles can be applied.