Source: The Haystack Syndrome (1990), p. 29; as cited by: Gerald P. Marquis (2011, p. 10)
“[Inventory is measured by] the money the system invests in purchasing things the system intends to sell.”
Source: The Haystack Syndrome (1990), p. 23; as cited by: Gerald P. Marquis (2011, p. 10)
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Eliyahu M. Goldratt 10
Israeli physicist and management guru 1947–2011Related quotes

Source: Humanity Comes of Age, A study of Individual and World Fulfillment (1950), Chapter VII The Council for Economics

“The system of building, described in this work, is intended for repetition.”
Small Houses: Their Economic Design and Construction (1922)
Context: The system of building, described in this work, is intended for repetition. It would hardly pay to adopt it in its entirety for a single house if the matter were to end there. Where the processes and apparatus is used, over and over again, great economy should result; but for a single building, the trouble and expense of introducing so many new or unusual features and methods, might well offset the benefits which should accrue under more favorable conditions. Standardization both of parts and workmanship plays a great part in the economies obtained and standardization implies quantity.<!--Ch. I

“A system is a plan or scheme of doctrines intended to develop a particular view.”
(1919), p. 755.
An encyclopedia of freemasonry and its kindred sciences, (1912)

“Systems can create consequences not intended by any other of their constituent actors.”
Source: Understanding International Conflicts: An Introduction to Theory and History (6th ed., 2006), Chapter 2, Origins of the Great Twentieth Century Conflicts, p. 34.

“Labour was the first price, the original purchase-money that was paid for all things.”
It was not by gold or by silver, but by labour, that all the wealth of the world was originally purchased; and its value, to those who possess it, and who want to exchange it for some new productions, is precisely equal to the quantity of labour which it can enable them to purchase or command.
Source: The Wealth of Nations (1776), Book I, Chapter V, p. 38.
Source: The goal: a process of ongoing improvement (1984), p. 60
Source: Living systems, 1978, p. 16; As cited in: Sven Rasegård (2002) Man and Science: A Web of Systems and Social Conventions. p. 29