for Electric vehicle batteries
Critical Minerals, Critical Constraints
The Theory of Constraints was developed in 1984 by Dr. Eliyahu Goldratt, an Israeli business management consultant. Goldratt’s key insight was that every process has at any time one key constraint that limits production flow. Once the constraint is identified and resolved (through a combination of quick fix and more structural improvements), the next constraint becomes apparent and can be similarly attacked. The Theory of Constraints (ToC) has since become a powerful management tool frequently used in supply chain and manufacturing. ToC can also provide insight into the policy maker actions required to hit aggressive regulatory and production targets for EV sales.