Eliyahu M. Goldratt quotes

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Eliyahu M. Goldratt

Birthdate: 31. March 1947
Date of death: 11. June 2011

Eliyahu Moshe Goldratt was an Israeli business management guru. He was the originator of the Optimized Production Technique, the Theory of Constraints , the Thinking Processes, Drum-Buffer-Rope, Critical Chain Project Management and other TOC derived tools.

He was the author of several business novels and non-fiction works, mainly on the application of the theory of constraints to various manufacturing, engineering, and other business processes.

The processes are typically modeled as resource flows, the constraints typically represent limits on flows. In his book The Goal, the protagonist is a manager in charge of a troubled manufacturing operation. At any point in time, one particular constraint limits total system throughput, and when the constraint is resolved, another constraint becomes the critical one. The plot of Goldratt's stories revolve around identifying the current limiting constraint and raising it, which is followed by finding out which is the next limiting constraint. Another common theme is that the system being analyzed has excess capacity at a number of non-critical points, which, contrary to conventional wisdom, is absolutely essential to ensure constant operation of the constrained resource. Wikipedia

Works

Critical Chain
Critical Chain
Eliyahu M. Goldratt

„My system does not make sense at all, but by God it’s working.“

—  Eliyahu M. Goldratt

Goldratt, E. M. (1990). What is this thing called theory of constraints and how should it be implemented? New York: North River Press. p. 28

„[Operating expense is defined as] all the money the system spends in turning inventory into throughput.“

—  Eliyahu M. Goldratt

Source: The Haystack Syndrome (1990), p. 29; as cited by: Gerald P. Marquis (2011, p. 10)

„[Throughput is the] rate at which the system generates money through sales.“

—  Eliyahu M. Goldratt

Source: The Haystack Syndrome (1990), p. 19; as cited by: Gerald P. Marquis (2011) A Framework for Propagating Measures of Performance Throughout Organizations Using Object-oriented Technology., p. 10

„[Inventory is measured by] the money the system invests in purchasing things the system intends to sell.“

—  Eliyahu M. Goldratt

Source: The Haystack Syndrome (1990), p. 23; as cited by: Gerald P. Marquis (2011, p. 10)

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