A constraint is anything that limits a system’s higher performance relative to its purpose. According to theory of constraints, there is at least one constraint present in any system or at most few of them which prevent the system to achieve its maximum potential.
Theory of Constraints (TOC) is also called Constraints Management or Bottleneck Management.
Theory of Constraints was developed by Dr. Eli Goldratt. TOC is based on the promise that “Every real system, such as a business, must have within it at least one constraint. If this were not the case then the system could produce unlimited amounts of whatever it was striving for, profit in the case of a business.”
TOC is widely used in Product Development, Supply Chain management, Project Management, Marketing and Strategic Planning.
Factual Solutions© offers training and consultancy services in Constraints management. Please contact our office for more information.