Eliyahu M. Goldratt: Quotes about money

Eliyahu M. Goldratt was Israeli physicist and management guru. Explore interesting quotes on money.

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

“[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

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

“If the goal is to make money, then (putting it in terms Jonah might have used), an action that moves us toward making money is productive. And an action that takes away from making money is non-productive.”

Eliyahu M. Goldratt

Source: The goal: a process of ongoing improvement (1984), p. 41

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

“Companies are so immersed in the mentality of saving money that they forget that the whole intention of a project is not to save money but to make money.”

Eliyahu M. Goldratt book Critical Chain

Critical Chain (1997)

Money , Forgetting