Please
make a reservation by Wednesday, January 11, 2006
Theory of Constraints
Our speaker this month will be Michael Demere of Nashville, Tennessee.
Mr. Demere's topic will be on the Theory of Constraints or TOC. TOC
was described by Dr. Eliyahu Goldratt in his best selling
book, "The Goal." You may know that operational components of TOC are
used to solve manufacturing bottlenecks, reduce inventory, and
increase sales. TOC also has an application to finance through
the concept of Throughput Accounting, popularized by the book
"The Theory of
Constraints and Its Implications for Management Accounting"
by Debra Smith.
In addition, recent developments in TOC include Dr. Goldratt's combination
of the overall approach of TOC to "take your current top-line
sales revenue number to become your bottom-line net profit
number in less than four years" This approach is currently being popularized around the globe with
the term "Viable Vision." Mr. Demere will speak on recent developments in these areas and explore
if it is truly possible for any company to grow at such an
accelerated pace during a Viable Vision.
MICHAEL DEMERE
Michael has extensive experience applying business improvement approaches,
primarily centered on the Theory of Constraints (TOC) across a
variety of service, distribution, and manufacturing companies. He has on-site
exposure to more than 110 manufacturing plants and distribution centers. He has held company positions in accounting, purchasing,
distribution, sales, manufacturing operations, and technology. His
qualifications include The Jonah Course
from The Avraham Y. Goldratt Institute. Michael is
recognized by Goldratt Schools as a "TOC Application Expert"
in Operations and Distribution Management.He is certified by
the Theory of Constraints International Certification
Organization (TOC-ICO) in the TOC Thinking Processes,
Distribution Management, and Finance and Measures. He serves on the
Education Committee for TOC-ICO. In addition, he has a MBA
with a dual concentration in Finance and Operations Management
from Tulane University in New Orleans. More
recently, he has been involved in Viable Vision projects for
manufacturers and distributors. In all cases, the client more than doubled their net
profit in the first year of the project.
Michael
is President of Global Impact Ventures LLC, a group focused on
gain share relationships that are contractually committed to
accelerating bottom-line profit growth to drive profits in
four years to equal current sales revenue, or the client does
not pay.
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