The theory of constraints (TOC) is an overall management philosophy introduced by Eliyahu M. Goldratt in his 1984 book titled The Goal, that is geared to help organizations continually achieve their goals. Goldratt adapted the concept to project management with his book Critical Chain, published in 1997.
ISO 9001 Quality Management System requires an organization to use factual information as a basis for decision making. The clause 9.1 related to monitoring, measurement, analysis and evaluation in ISO 9001 caters to this requirement.
AGILE methodology was originally designed with an intent to improve software development processes and deliver additional value to the customers through working software but the “Agile Principles” can be applied to many other processes beyond software development.
OEE or Overall Equipment Effectiveness is a powerful metric in manufacturing however if implemented incorrectly or interpreted for the wrong reasons, it can prove to be useless. OEE is simple to calculate as
The buzzword going around nowadays is analytics. Simply put, it is all about making sense of data. And why do we want to do that? One of the goals would be to improve. And what do we want to improve… performance, output, etc.
