Sunday, 21 June 2015

Business Tips: How To Strengthen Your "Weakest Link"

Strengthen Your "Weakest Link" By Applying The Theory of Constraints
No matter what field you work in, there is often scope for boosting performance. A simple way of doing this is to identify and eliminate "bottlenecks," or points of constraints.
But how do you identify these bottlenecks?
One approach is to use the Theory of Constraints (TOC). This helps you identify the most important bottleneck in your processes and systems, so that you can deal with it and improve performance.
The Theory
Have you heard the phrase, "A chain is only as strong as its weakest link?" This is the basis of the Theory of Constraints. It was created by Dr Eli Goldratt and was published in his 1984 book "The Goal."
According to him, performance in any organisation is dictated by constraints. These are restrictions that prevent an organisation from maximising its performance and reaching its goals.
These constraints can involve people, supplies, information, equipment, or even policies, and can be internal or external to an organisation.
The theory says that every system, no matter how well it performs, has at least one constraint that limits its performance – this is the system's "weakest link." The theory also says that a system can have only one constraint at a time, and that other areas of weakness are "non-constraints" until they become the weakest link.
You use the theory by identifying your constraint – your weakest link - and changing the way that you work so that you can overcome it.
The theory was originally used successfully in manufacturing, but you can use it in a variety of situations.
Applying the Theory
Let's look at a step-by-step process for using TOC.
Step 1: Identify the Constraint
The first step is to identify your weakest link – this is the factor that's holding you back the most.
Start by looking at the processes that you use regularly. Are you working as efficiently as you could be? Or are there bottlenecks? For example, because your people lack skills or training?
Remember that constraints may not just be physical. They can also include intangible factors such as ineffective communication, restrictive company policies, or even poor team morale.
Also bear in mind that, according to the theory, a system can only have one constraint at a time. So, you need to decide which factor is your weakest link, and focus on that.
Step 2: Manage the Constraint
Once you've identified the constraint, you need to figure out how to manage it. What can you do to increase efficiency in this area and cure the problem? - Goldratt calls this "exploiting the constraint."
Your solutions will vary depending on your team, your goals, and the constraint you're trying to overcome. For example, it might involve helping a team member delegate work effectively, modifying lunch breaks or vacation time to make workflow more efficient, or reorganising the way that a task is done to make it more efficient.
Step 3: Evaluate Performance
Finally, look at how your constraint is performing with the fixes you've put into place. Is it working well? Or is it still holding back the performance of the rest of the system?
If the constraint is still negatively affecting performance, move back to step 2. If you've dealt with the constraint effectively, you can move back to step 1 and identify another constraint.

At this point, I know what some of you are saying: Where are the bullet points? I need bullet points to follow!

No problem. Here you go:

Sum Up
Dr Eli Goldratt developed his Theory of Constraints in his 1984 book "The Goal."
The theory says that every system, no matter how well it performs, has at least one constraint that limits its performance. You use the theory by identifying your constraint and restructuring the way that you work so that you can overcome it.
You can minimise constraints and work more efficiently toward accomplishing your goals by working through these steps:
1  Identify the constraint.
2 Manage the constraint.
3 Evaluate performance.

One final note: Remember that the theory says that every process has at least one constraint. While this may be true, be sensible in how you apply the theory – sometimes removing this constraint will have a minimal impact on performance.

I hope this helps your business be brilliant.

That is all - 
David


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