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The Goal by Eliyahu Goldratt uk

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The book entitle ‘the goal’ is written as  a novel and its written from the perspective of the books man character Alex Rogo who is a plant manger at Unico and his factory is being threatened with closure resulting from various managerial  difficulties. The book also utilizes interviews to help in giving a different perceptive to the readers from the cases in a real life. It’s a must read book especially for accounting, production or even for organizational business. In an attempt to revitalize his company Alex tries the reduction in efficiency of the plant operations which often may make the entire more productive. In his attempts to finding the way to profitability he is forced to engage his employees in the struggle.

Basically the book ‘The Goal’ by Eliyahu Goldratt  introduces the theory of constraints which plays a significant role in providing a persuasive solution mainly for factories that are struggling with production delays as well as low revenues and how these constraints are changing most of America’s  businesses.  The book ‘the Goal therefore is a fast paced and gripping business novel that concerns its subject matter about ways of overcoming barriers  to the process of making money.

It also offers fundamentals of identifying as well as solving some of the problems that are created by constraint hence offers a helping hand in successfully addressing chronic productivity and quality problems in businesses. It helps businesses to determine the leverage point when it comes to what to change in their business. Also it helps in determining what to changes as it regards to the simple and practical solutions and finally in determining the ways of causing the intended changes and it’s mostly on the ways pertaining to overcoming of the inherent resistance to changes made.

The theory of theory of constraints adopts a common idiom ‘a chain is no stronger than its weak link’ which forms a paradigm in business meaning that organizations, business, process among others are often vulnerable because the weakest part or person always breaks or damages them reducing the outcome. One of the key assumptions that underlie the premise theory of constraint is that organizations can be controlled or measured on three measures by variants.

The measures can be through, inventory, throughput and operational expense where throughput is the rate of generation of money by the system, while inventory represents that amount of money used to purchase things to be sold by the company where as the operational expenses is the money spend by the company in turning  the inventory into throughput. Therefore ‘the Goal’ as used in the book implies ‘making money’ and that all other organization benefits are derived in many ways from the sated primary goal.

The theory described in the book is based on the premise that rate of achieving goals is often limited by a constraining process and it’s only by increasing the flow through the constraint does the over output can be increased. To achieve its goal like ‘to make money now and in the future’ some of the focusing steps include: identification of the constraint which can be a resource or a policy that prevents the organization from obtaining more from the stated goal, deciding on best ways of exploiting the constrain, i.e. getting most capacity from strained process, aligning of the whole system or even the organization to support the decision made  above, elevation of the constraint by making of the most needed changes to help break the identified constraining and final step is by enlisting the outcome of the process and if the constraint has moved then one is  ready to return to the first step while making sure that the inertia don’t become a constraint. Threes focusing steps helps in ensuring an ongoing improvement effort that are centered on the organizations constraints and it’s termed as the process of ongoing improvement.

In addition to that the book also defines a constraint as anything the aid in preventing the system from achieving more from its goals and they can be two type: internal and external where internal constraints are evident when market demands more from the system than it can be delivered while an external constraints exists when a system produces more than its able to bear.  Examples of internal constraint include people that lack of skilled people, the equipment and finally the organizational policy.

In conclusion, the book defines management accounting as process of preparing accounts and management reports that serve to providing accurate and timely financial as well as statistical information that is required by mangers to enable making of day to day and short term decision. These report reveal the amount, sales revenues, available cash, generated, outstanding debts, amount of orders in hand, accounts receivable, raw material, accounts payable which can be presented in trend charts, variance analysis or other statistics.

Also, the process of ongoing improvement can be applied to the manufacturing, supply chain or distribution generated specify solution or in project management.  Other tools like thinking process leads to other applications like in the fields of marketing and sales and finance. The book is therefore very resourceful and it’s recommended for the players in the manufacturing, production and other individual with organizational roles.

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