In this interview Jeff Cox shares his experience in writing The Goal with Eliyahu M Goldratt. Circa 2009, not sure who the interviewer is.
If you'd like to implement the Theory of Constraints concepts from The Goal in YOUR shop, visit https://www.VelocitySchedulingSystem.comSaturday, July 8, 2023
Sunday, July 2, 2017
Reducing Job Shop Costs versus Increasing Job Shop Throughput
Reducing Job Shop Costs
I was just reading an article on CNCReport.com titled "Never Enough Magnetic Mounts". The author was calculating how much money you'd save if you invested in some magnetic strips to make finding tools faster and easier. Here's an excerpt from the article:Hourly Pay Rate = $15 ($0.25/minute) Time spent looking for a tool = 5 minutes Times per week looking for a tool = 3 With these numbers in place it costs nearly $200 a year in lost time and money simply searching for a tool ($0.25 x 5 mins x 3 times a week x 52 weeks = $195). The math doesn’t lie so lets get some part numbers: McMaster-Carr: Magnetic Mount – $20 – 6613A24 Allen Wrench Set – $15 – 5709A52 Good Scissors – $9 – 7091A16 Box Cutter – $5 – 4927A11 Screwdriver Set – $14 – 5791A51 Spending about $70 will save time and $200. Did we miss anything?YES! But I don't disagree with the recommendation, only the justification. To determine if an investment of $70 is worth it, I would NOT calculate the cost savings as done in this article. Why? Because the reality is that your going to pay your people their hourly rate regardless of how they spend their time. You won't actually get a reduction in their hourly rate. Saving time is NOT ...
reducing job shop costs.
Instead, I would estimate how much additional Throughput you'd generate due to being able to reduce
or eliminate time wasted looking for tools. For most job shops and machine shops Throughput is sales minus raw material, outside processes, freight, and sales commission (if any). Throughput is similar to margin but without direct labor.
Increasing Job Shop Throughput
For example, if you could ship one more $500 job per week and the Throughput on that job is $375, then you would easily and quickly recover the $70 investment with first additional job shipped (and paid for). BUT BE CAREFUL! When you're considering how much additional Throughput you'll get from an investment you have to be REAL. If you put these magnetic strips at a non-constraint, the additional Throughput will be ZERO or very low. However, if you speed up your constraint, you can and will be increasing job shop throughput!Job Shop Scheduling
Making sure that you have all the tools you need is part of getting "full kit" in Velocity Scheduling System. VSS is for highly custom job shops and machine shops. It is a visual, manual scheduling system. My experience is that it usually pays to have full kit before releasing a job. Learn how -- check out the "How to Get More Jobs Done Faster" webinar. In 47 minutes I explain how and why full kit along with other things can help you increase your Throughput with the same people and resources. This, of course, means that your profits will increase. And isn't THAT really The Goal? Wishing you success! By Dr Lisa Lang This article is copyrighted by Science of Business, Inc. All rights reserved. Visit our Re-post guidelines.Friday, June 2, 2017
Manufacturing Expert Dr. Lisa Lang Hits Amazon.com Best Seller List With “Trendsetters”
FOR IMMEDIATE RELEASE
Manufacturing Expert Dr. Lisa Lang Hits Amazon.com Best Seller List With “Trendsetters”
Dr. Lisa Lang, of the Science of Business, recently hit two separate Amazon.com best-seller lists with the new book 
“Trendsetters.”
Orlando, Fla. – October 6, 2011 – “Dr. Lisa” Lang, President of the Science of Business, recently joined a select group of business experts and entrepreneurs to collaborate and co-write the business and marketing book titled Trendsetters: The World’s Leading Experts Reveal Top Trends To Help You Achieve Greater Health, Wealth and Success! The book was released by CelebrityPress™, a leading business, marketing and health book publisher.
Trendsetters: The World’s Leading Experts Reveal Top Trends To Help You Achieve Greater Health, Wealth and Success! was released on Thursday, October 6, 2011 and features top advice from leading entrepreneurs, business owners and marketing experts from around the world. The authors tackle an array of subjects ranging from health, wealth, marketing and business success.
Dr. Lisa contributed a chapter titled “Velocity Manufacturing” which is based on her Velocity Scheduling System Coaching Program for scheduling highly custom job shops and machine shops.
On the day of release, Trendsetters reached best-seller status in two Amazon.com categories: Entrepreneurship and Direct Marketing.
Dr Lisa was selected by the editor for an Editor's Choice Award for her Velocity Manufacturing chapter. And, after such a successful release she will be recognized by The National Academy of Best-Selling Authors™, an organization that honors authors from many of the leading independent best-seller lists.
Dr. Lisa is the President of the Science of Business and has recently worked with Dr Goldratt who is the father of Theory of Constraints and author of The Goal. Science of Business specializes in increasing profits of highly custom manufacturers and job shops by applying Theory of Constraints, Lean and Six Sigma to operations with Velocity Scheduling System and to engineering with Project Velocity System and to marketing with Mafia Offers.
About the Book:
Are YOU a TRENDSETTER? By definition, a Trendsetter is not a follower. So, what is a Trendsetter? Is it a leader? Leadership can mean leading in thought, word or deed, or some combination of all three. In the Business World, thought has no future if bounded by inaction - commonly referred to as 'analysis paralysis' - so thought and deed are invariably intertwined. Now combine those two with the 'word' portion of the trifecta of thought, word and deed, and now...we have the prospect of leadership and success. So, are you a Trendsetter? You may be. There is no prescription for one, but you can compare your goals and achievements with the benchmarks made by those in this book. In this book, we give you a number of our Celebrity Experts® who are Trailblazers and Trendsetters. They have done it! These are successful experts who made their mark and share with you how they and their concepts developed. Can Trendsetting be emulated? Absolutely, but you, yourself, will have to personally work through the stages of thought, word and deed...just like these leaders have. May you be crowned by your definition of Success! What you get by achieving your goals is not as important as what you become by achieving your goals. ~ Zig Ziglar
To order a copy of the book: http://www.amazon.com/dp/0983340463/ref=as_li_tf_til?tag=thescienceofb-20&camp=0&creative=0&linkCode=as1&creativeASIN=0983340463&adid=01VV9ZBERTVPK9EP6DN3
About Celebrity Press™:
Celebrity Press™ is a business book publisher that publishes books from thought leaders around the world. Celebrity Press™ specializes in helping its authors grow their businesses through book publishing. Celebrity Press™ has published books alongside Brian Tracy, Dr. Ivan Misner, Ron LeGrand, Mari Smith, Kelly O’Neil, Alexis Martin Neely and many of the biggest experts across diverse fields.
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keywords:
Dr Lisa Lang, Dr Lisa, Velocity Manufacturing, custom manufacturing, Theory of Constraints, Velocity Scheduling System, Science of Business, CelebrityPress, business book, marketing book, business book publisher, marketing book publisher, business book publishing company
FREE Webinar on Job Shop and Machine Shop Scheduling
This webinar replay is on exactly how to Get More Jobs Done Faster. It is NOT theory but a specific "how to". This is the same program recommended by Westinghouse to their vendors and recommened internally to Schlumberger plants. To participate LIVE in one of these webinars and to get YOUR questions answered, sign up here: https://www.velocityschedulingsystem.com/webinar/ Space is limited to to ensure we get all your questions answered. (replay no longer available, please sign up for our next webinar) If you're looking to improve your scheduling and you own or run a job shop or machine shop, you don't want to miss these insights! This video will be taken down, so watch while you can. Dr Lisa Lang (know as Dr Lisa) will be your webinar presenter. She is a Theory of Constraints expert and recently worked for Goldratt Consulting owned by Dr Eliyahu M Goldratt, author of The Goal and father of Theory of Constraints. Dr Lisa developed the Velocity Scheduling System Coaching Program to hand hold companies through the process of implementing the Theory of Constraints scheduling technique called Drum Buffer Rope. Leave your questions on Velocity Scheduling System Coaching Program and tell me what you thought of the webinar. Did you like it? Did it answer any questions for you? CLICK THE COMMENT LINK ABOVE!!
Theory of Constraints Velocity Scheduling System Webinar
WEBINAR: How to Get More Jobs Done Faster
Each webinar covers exactly how to get MORE Jobs Done Faster. We cover how scheduling is traditionally done and then we cover the Velocity Scheduling System approach. During the webinar you learn what to go do TOMORROW! Sign up here: https://www.velocityschedulingsystem.com/webinar/ WARNING: The Velocity Scheduling System Coaching Program is NOT training. This is a go and do program. Only job shops ready to improve due date performance, cut lead-time through thier shop and who seriously want to reduce chaos should sign up. Velocity Scheduling System is based on Goldratt Theory of Constraints Drum Buffer Rope and is for job shops looking for a better way to schedule their shop.
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