Why Constraints Dictate Profitability and How Managing to the Constraint Yields Incredible Profit Growth
SESSION 1 | 9:30AM - 10:15AM | ROOM 5
SESSION 2 | 1035AM - 11:20AM | ROOM 5
This session demonstrates the Five Rules of Theory of Constraints and their highly focused and leveraged impact on the profit of a business. Learn why the constraint dictates most, if not all, of the financial performance of a company. With this insight, learn how the Five Rules provide guidance in quickly improving all operations of the business, yielding multiple times increase in profitability (vs % increase). As a side benefit, this demonstration will highlight how traditional thinking around concepts such as gross margin, lean, and Six Sigma may be working against us. Walk away with a methodology (e.g. follow the Five Rules) that you can bring to your respective enterprises and start the journey toward dramatic improvements in your organization.
NOTE: Bruce will be presenting two follow up sessions that address managing processes and managing projects via Theory of Constraints. While these apply internally to an organization, the focus of these presentations will be on how your organization primarily delivers value to clients. For example, a manufacturer may be primarily process-based, using a production line to produce a series of physical products sold into their channels and clients. As another example, a professional services firm may provide value to its clients primarily through a project engagement model.
If you wish to follow up this first session, consider attending the session that most closely aligns with your business and/or delivery model
PRESENTED BY: Bruce Lach, President of SUCCESS Computer Consulting
About Bruce Lach
Bruce Lach has 40 years of IT and General Management experience. During his first 20 years, he spent time in “corporate America” with IT stints at Twin City Federal, General Mills and Land O’Lakes . During this time, Bruce’s IT experience included managing every department in a typical large enterprise IT organization. In the mid-90’s, Bruce’s experience switched to leading start-up and small businesses providing IT services to large enterprises in the Twin City area. Many of these services were focused on building data warehouses for familiar companies including Wells Fargo, Toro, Valspar, Harvest States and more.