The Theory of Constraints, popularized by Eliyahu M. Goldratt in his book The Goal: A Process of Ongoing Improvement, provides a powerful framework for identifying and eliminating bottlenecks in your business operations. By focusing on the most critical constraint, or bottleneck, you can drive significant improvements with minimal resources. This approach is particularly valuable for small and medium-sized businesses looking to maximize their impact without spreading their efforts too thin.
In this article, we’ll explore the initial steps to identify bottlenecks in your operations. From mapping out your business process to gathering performance data, and analyzing the slowest steps, these actionable insights will help you streamline your workflow and boost efficiency. As demonstrated by companies that have re-engineered their bottlenecks, targeted improvements can lead to impressive gains in productivity and throughput.
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