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Theory of Constraints In the Goal by Eliyahu M. Goldratt and Jeff Cox in 1992, The Theory of Constraints is an organizational change method that is focussed on profit improvement. The essential concept of TOC is that every organization must have at least one constraint. A constraint is any factor that limits the organization from getting more of whatever it strives for, which is usually profit. My review of the definition of terminologies depicted in the Goal by Goldratt and Cox include the following: Throughput The rate at which the entire organization generates money through sales for a product or service. Throughput represents all the money coming into an organization. Inventory All the money the organization invests in things it intends to sell.
Approximate Word count = 453
Approximate Pages = 1.8
(250 words per page double spaced)
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