There can be many answers to this fundamental question, depending on the company. And I am sure that in the current business landscape, the answers will probably cover the entire spectrum – from ‘not protecting it’ to ‘it being the focus of every individual in the organisation’. If the answer to the question is the latter then you are in for good times…..else it is time to assess the current state of affairs.
The Value Stream of every organisation has been designed to generate revenue and make money for the company. The flow of input / material and information through the Value Stream decides the speed with which the money is created and has a critical role to play in meeting customer requirement. This is the supreme reason why the Value stream has to be protected. If you haven’t reviewed / done any improvement in the Value stream in the last 6 months, chances are you may have missed out on some opportunity.
The best measure to find out if you are protecting the Value Stream is to measure the Throughput… How consistent has it been?…Has it been growing?….Have you leveraged it to the maximum? … what is stopping you currently from maximising Throughput? These are some of the questions that become critical to managing your business. The TOC (Theory Of Constraints) book of knowledge provides a lot of insights to do exactly this by virtue of some defined solutions – based on the inherent simplicity in complex systems. These solutions were designed by Dr. Goldratt based on decades of study of multiple manufacturing systems and the challenges that companies faced with them.
Throughput Improvement offering from OBTim Consulting focuses on these TOC solutions to improve the Throughput in different companies. Please write to us if you would like to know how we can help you achieve this.