Implementation of the Theory of Constraints (TOC) for a Furniture Manufacturing-Based Organization
Year: 2025
Type: conference-paper
Abstract: To optimize operations and raise their performance, many industries have used the Theory of Constraints (TOC) methodology. The effective management of the constraints that prevent businesses from achieving their goals is described in the Theory of Constraints, which Goldratt developed in the 1980s. Increased restricted contribution margin, decreased inventory levels, and lower operating costs are the key points of the Theory of Constraints. Therefore, by effectively allocating enterprise resources, profitability can be increased. This study’s goal is to locate and eliminate the significant constraints standing in the way of a company’s accomplishment of their objectives, raising productivity and, consequently, firm profitability. A furniture company in the Maharashtra Region undertook the Theory of Constraints practice for this reason.
Institution: Raisoni Group of Institutions
Language: English
Field: Decision Sciences
Domain: Social Sciences
Open Access status: gold
OpenAlex ID: W4415991530