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How to apply Theory of Constraints to improve Retailers using an "Equity for service" win:win offer



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In this keynote presentation in 2019, Dr. Alan Barnard, CEO of Goldratt Research Labs, shares his analysis, and innovative Profit Share and Equity for Service business model option, for consultants and advisors who offer services that can help retailers (and other companies) achieve an improvement in the profitability and ROI of their customers.

The example presented is for a retailer that could benefit significantly from the consulting services of a Theory of Constraints (TOC) consultant or advisor who can help the retailer implement TOC best practices that can help the retailer reduce shortages and surpluses in their inventories carried at their DC's and Stores.

Dr. Barnard also presented how Simulation models, like the "Hannahs Shop Supply Chain Digital Twin" developed by Goldratt Research Labs, can be used as a low-risk way to quantify the likely operational and financial benefits of implementing a change in the rules used to manage inventory in the Virtual world before actually making the change.
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Management
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