Improving the time and cost efficiency of production systems is one of the important means of building competitive advantage and staying profitable in the ever increasing competitive business environment. Among others, CONWIP and DBR methods are widely used in improving production process efficiency. In this study, we have developed a simulation model for a real button factory production system. We have tried to improve the efficiency of the production process by implementing these two approaches to our model. According to our results, both CONWIP and DBR production approaches were found to have equivalently better results in minimizing the waiting time of the bottleneck process. By applying either of the two production systems, efficiency of the real production process can be significantly improved as the simulated model result demonstrates.