Eliyahu M. Goldratt: Inventory

Eliyahu M. Goldratt was Israeli physicist and management guru. Explore interesting quotes on inventory.
Eliyahu M. Goldratt: 20   quotes 1   like

“[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)

Money

“There are three measurements which express the goal of making money perfectly well, but which also permit you to develop operational rules for running your plant. Their names are throughput, inventory and operational expense.”

Eliyahu M. Goldratt

Source: The goal: a process of ongoing improvement (1984), p. 60

Money

“[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)

Money