What is the difference between Lean and Theory of Constraints?
Lean Thinking is a common approach to optimizing complex manufacturing operations and increasing revenues. The core idea behind Lean is to minimize waste within a system while maintaining the same level of productivity.
Theory of Constraints optimizes production based on the constraint in the system, leading to greater production, and consequently, greater revenue. By contrast, Lean focuses on eliminating waste, which leads to cost savings. Both methods have their merits. However, often combining principles from both Lean and Theory of Constraints and applying them to your business yields the highest impact.