https://hellotoc.comTheory of Constraints management philosophy, as taught by Dr. Eliyahu Goldratt — essays on supply chains, systems thinking and throughput by Mohit Saini.https://hellotoc.com/post/automotive-spares-supplier-management-the-toc-way/https://hellotoc.com/post/automotive-spares-supplier-management-the-toc-way/Thu, 24 Jun 2021 11:14:24 GMTMeeting customers need of prompt service & high vehicle uptime is one of the major challenge for OEMs. Service level is directly dependent on spare parts availability at the point…https://hellotoc.com/post/why-consulting-companies-are-beneficial/https://hellotoc.com/post/why-consulting-companies-are-beneficial/Tue, 30 Mar 2021 08:07:08 GMTYesterday, I was having a discussion with my uncle. He is a lawyer by profession and also sits on board with many startups. He mentioned that one of the recent board meetings was…https://hellotoc.com/post/difference-between-cost-accounting-and-throughput-accounting/https://hellotoc.com/post/difference-between-cost-accounting-and-throughput-accounting/Tue, 30 Mar 2021 07:56:42 GMTBefore jumping into the parlance of cost accounting and throughput accounting, let’s first understand the difference between financial accounting and management accounting:…https://hellotoc.com/post/systems-thinking-with-theory-of-constraints/https://hellotoc.com/post/systems-thinking-with-theory-of-constraints/Wed, 18 Nov 2020 12:55:31 GMTCan you think about what organisations and the story of ‘the blind men and elephant’ could have in common? Theory of Constraints (TOC) application prescribes systemic thinking —…https://hellotoc.com/post/antifragile-supply-chains-can-supply-chains-weather-the-storms-of-economic-downturns/https://hellotoc.com/post/antifragile-supply-chains-can-supply-chains-weather-the-storms-of-economic-downturns/Wed, 18 Nov 2020 12:46:14 GMTLike most industries, the automotive industry is hard hit by the vagaries of the economy. And, just like the economy, the automotive business goes through cycles of highs and…https://hellotoc.com/post/uncertainty-ahead-the-elusive-responsive-supply-chain/https://hellotoc.com/post/uncertainty-ahead-the-elusive-responsive-supply-chain/Fri, 28 Aug 2020 18:28:12 GMTYesterday, I watched a recorded session (a webinar) on the ‘Supply chains in COVID-19 Era’. There were many business leaders and industry experts who expressed their views on the…https://hellotoc.com/post/pillars-of-theory-of-constraints/https://hellotoc.com/post/pillars-of-theory-of-constraints/Fri, 28 Aug 2020 18:28:12 GMTThe four pillars or beliefs of Theory of Constraints (TOC) Management Philosophy are inherent simplicity, inherent harmony, the inherent goodness of people and inherent potential.…https://hellotoc.com/post/push-vs-pull-strategy-in-supply-chain-management/https://hellotoc.com/post/push-vs-pull-strategy-in-supply-chain-management/Fri, 28 Aug 2020 18:28:12 GMTPush strategy: When an organization manufactures the product and then moves it down in the supply chain (warehouses, depots, distributors, etc.) based upon some assumed sales…https://hellotoc.com/post/simple-explaination-of-theory-of-constraints/https://hellotoc.com/post/simple-explaination-of-theory-of-constraints/Fri, 28 Aug 2020 18:28:12 GMTTOC (Theory of Constraints) is a management philosophy developed by an Israeli physicist, Dr. Eliyahu M. Goldratt. TOC assumes that the principles underlying the development of…https://hellotoc.com/post/insightful-learnings-from-golratt-s-book-the-goal/https://hellotoc.com/post/insightful-learnings-from-golratt-s-book-the-goal/Fri, 28 Aug 2020 18:28:12 GMT‘The Goal’ demonstrates the efficacy of the Socratic way of approaching and solving a problem. It showcases a deductive process, which can be applied to identify the ‘systemic’…https://hellotoc.com/post/key-to-doubling-profits-year-on-year/https://hellotoc.com/post/key-to-doubling-profits-year-on-year/Fri, 28 Aug 2020 18:28:12 GMTI believe most of us would agree that the goal of a for-profit company is to make money now and in the future. The next question to ask is ‘When does a company make money?’ Profit…https://hellotoc.com/post/how-to-get-right-inventory-at-right-place-at-right-time/https://hellotoc.com/post/how-to-get-right-inventory-at-right-place-at-right-time/Fri, 28 Aug 2020 18:28:12 GMTWhat is the right inventory? This question has been asked and discussed in thousands of boardroom meetings, management reviews, and inventory planning discussions, but has largely…