Theory of Constraints, Critical Chain Project Management, Lean : industry consulting & training - Marris Consulting
In this video, Philip Marris explains why the cost of inventory is often under-estimated by the traditional accounting methods. He advocates a more systemic way of accounting for the cost of inventory, because Toyota and Lean proved how beneficial it can be for a company to systematically look for opportunities to reduce inventory and improve the flow of production.
Among the problems generated by high levels of inventory, let's mention the quality problems because of delayed detection of defects, and increased production lead times.
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To enhance your expertise, Marris Consulting organizes training sessions on Theory Of Constraints applied to production and projects environments
Marris Consulting is an expert in the Theory of Constraints (ToC) and Critical Chain Project Management (CCPM). As industry consultants, we are focused on helping process and manufacturing industries reach their highest levels of performance by using Constraints Management combined with Lean and Six Sigma. We also use Critical Chain Project Management which we sometimes combine with Lean engineering to improve project performance. If you are unsure about the actions which need to be implemented to improve operational efficiency, our industrial management consultants can also conduct a performance audit. Furthermore, our experts host numerous Theory of Constraints (ToC), lean and project management training sessions throughout the year.
Marris Consulting is an industry consulting and training company specialized in the Theory of Constraints (ToC) and Critical Chain Project Management. We focus on improving the performance of manufacturing and process industries by using Constraints Management combined with Lean and Six Sigma. To boost project performance, we also use Critical Chain Project Management (CCPM), which we sometimes combine with Lean Engineering. Our 2-day performance audits, our performance consulting services and our project management, Lean, ToC & CCPM training by our industry consultants offer a wide range of solutions to help our clients around the world reach the highest possible levels of performance.