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The TOC for Operations, Finance, and Measures

This program on TOC for Operations, Finance, and Measures will give you an in-depth understanding of how to apply the Drum-Buffer-Rope method to manage your production operations, increasing throughput while dramatically reducing flow times. We’ll also teach you the principles of throughput accounting—an invaluable technique that can dramatically increase the profitability of your organization when choosing the right products to produce and sell.

This course is one of three non-consecutive four-day Theory of Constraints Institute programs that can be taken independently or for Theory of Constraints certification. Taking all three programs can lead to earning certification on TOC fundamentals, offered by the Theory of Constraints International Certification Organization (TOCICO). Earning certification requires passing all three program exams.
 

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Key Benefits


We’ll support the theories we teach in this course with practical exercises, manual and computer simulations, and real-world examples. You’ll also participate in group working sessions and present team results.

By participating in this course, you will . . .
  • Develop an understanding of how TOC in operations enables organizations to deliver rapid, reliable responses to customer orders
  • See how TOC in finance significantly improves your organization’s ability to identify which products it should market
  • Understand big-picture thinking
  • Understand the damaging effects of localized decision-making and learn how thinking holistically leads to achieving your organization’s goal
  • Understand the opportunities available to create an “ever-flourishing” organization, which allows you to grow your business so that current revenue becomes net profits in just a few years
  • Learn how to create a sustainable, competitive advantage and grow your business at an unprecedented rate by providing the customer with a “mafia offer”—an offer so compelling that your customer finds it extremely difficult to refuse, but that your competitors are unwilling to attempt
  • Understand the synergy between lean and the theory of constraints, which enhances your organization’s quest for operational excellence

Intended Audience


Executives and managers who want to understand how to build a sustainable competitive edge for their organizations.

Duration/Dates


4 days 

April 2—5 

Exam: April 6

Faculty


James Holt, Ph.D.—clinical professor of Engineering & Technology Management, Washington State University, Portland, Oregon. James has many years of experience with the U.S. Air Force and has studied, practiced, and taught the Theory of Constraints for more than 20 years. He has worked extensively on project management, systems operations, systems optimization, and organizational behavior and simplification.

Mandyam Srinivasan, Ph.D.—faculty, Center for Executive Education, who holds the Pilot Corporation Chair of Excellence. Srini has many years of experience working with leading automobile manufacturers. He has published in a wide range of academic and professional journals and is the author of the books Streamlined: 14 Principles for Building and Managing the Lean Supply Chain and Supply Chain Management for Competitive Advantage: Concepts and Cases.

Cost


$3,800 ($3,420 for TOCICO members)

Cost of the program includes . . .
  • Most meals
  • Single-room hotel lodging
  • On-campus transportation
  • Materials/simulations
  • Professional education credits, where applicable
Preferred pricing is available for multiple attendees from the same organization, current students and alumni of the Executive-Level MBA programs, and individuals who qualify for our General Services Agency (GSA) tuition rates. Note: if you qualify for GSA tuition rates, meals and lodging will be billed separately.

Visit our preferred pricing page or call +1 (865) 974-5001 for more information.