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CIRAS - Iowa State University - Extension and Outreach

CIRAS - TOC - TOC Workshops

Insights into Finanace & Measures

Contact us
515-294-3420
ciras.info@iastate.edu


Participants will be exposed to the TOC approach to making decisions using measurements that provide an holistic rather than a local perspective. At the end of the session, participants should:

  • Grasp the holistic inter-dependence of Finance & Measures and the other functions in the organization

  • Be able to evaluate the applicability of the TOC approach to finance and measures to the current reality of finance and measures in their organization

Topics include:

  • Cost-world vs. throughput-world measurements;

  • Measuring the performance of a system as a whole;

  • Deciding whether to invest in equipment;

  • Making make/buy decisions;

  • Judging sub-systems as profit centers;

  • Measuring the viability of a product/service;

  • Inventory: an asset or a liability?

The principles taught in this workshop are from a "TOC Insights" self learning program available from Goldratt's Marketing Group:  http://toc-goldratt.com/index.php