Theory of Constraints

The video explains the Theory of Constraints, a systems approach to improving organizational performance by identifying and addressing key constraints. It highlights three primary types of constraints: capacity, market, and time. The process of ongoing continuous improvement (OGI) is introduced as a method to exploit and elevate these constraints, ultimately enhancing overall system performance.

What does the acronym OGI stand for in the context of the theory of constraints?

Describe the process of addressing constraints as outlined in the theory.