Eliyahu M. Goldratt: System

Eliyahu M. Goldratt was Israeli physicist and management guru. Explore interesting quotes on system.
Eliyahu M. Goldratt: 20 quotes1 like

“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)