Theory of Constraints and Supply chain Management

The student will read the busin" rel="nofollow">iness novel, The Goal.Goldratt, E. M. & Cox, J. (2012). The goal: A process of ongoin" rel="nofollow">ing improvement. (3rd ed.). Great Barrin" rel="nofollow">ington, MA: North River Press. • The student will review the followin" rel="nofollow">ing papers: Perez, J. L. (1997). TOC for world class global supply chain" rel="nofollow">in management. Computers and Industrial Engin" rel="nofollow">ineerin" rel="nofollow">ing, 33(1-2), 289-293. Rahman, S.-u. (1998). Theory of constrain" rel="nofollow">ints: A review of the philosophy and its applications. International Journal of Operations & Production Management, 18(4), 336-355. • The student will submit a report and will be evaluated based on the followin" rel="nofollow">ing criteria: • Provide an adequate summary of the novel, The Goal, specifically addressin" rel="nofollow">ing the followin" rel="nofollow">ing: a) In the novel, The Goal, Jonah gave the defin" rel="nofollow">initions of the followin" rel="nofollow">ing measurements to Alex. - Operational expense, Throughput and Inventory. What is your understandin" rel="nofollow">ing of the above three measurements. How did Jonah describe ‘Goal’ relatin" rel="nofollow">ing the above three measurements? b) What is your understandin" rel="nofollow">ing of DBR? c) How did the team identify the bottlenecks in" rel="nofollow">in their facility? d) How did the team defin" rel="nofollow">ine the process of on-goin" rel="nofollow">ing improvement? Explain" rel="nofollow">in your understandin" rel="nofollow">ing of the steps in" rel="nofollow">in the process of on-goin" rel="nofollow">ing improvement. e) TOC focuses on entire system management in" rel="nofollow">instead of subsystems isolation. Explain" rel="nofollow">in? How does it apply to supply chain" rel="nofollow">in management? • The student will submit a 4 - 6 page paper which will be evaluated based on the followin" rel="nofollow">ing criteria: • Summary of the novel specifically addressin" rel="nofollow">ing the first 6 bullets as listed above • Explain" rel="nofollow">in how TOC can be used for Supply Chain" rel="nofollow">in Management (1-2 pages) • Identify and describe a project in" rel="nofollow">in your current or past organization where TOC prin" rel="nofollow">inciples can be applied (1-2 pages) • Use correct grammar and evidence of proof-readin" rel="nofollow">ing (i.e., absence of spellin" rel="nofollow">ing errors); overall formattin" rel="nofollow">ing (i.e., Times New Roman font, 12-pt, double-spaced); and meetin" rel="nofollow">ing total page requirements.