[Operating expense is defined as] all the money the system spends in turning inventory into throughput. - Eliyahu M. Goldratt
" "[Operating expense is defined as] all the money the system spends in turning inventory into throughput.
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About Eliyahu M. Goldratt
Eliyahu Moshe Goldratt (March 31, 1947 – June 11, 2011) was an Israeli physicist who became a business management guru
Biography information from Wikiquote
Also Known As
Native Name:
אליהו גולדרט
Alternative Names:
Eliyahu Goldratt
•
Eliyahu Moshe Goldratt
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Additional quotes by Eliyahu M. Goldratt
I still claim that there are only few constraints. Our division is too complex to have more than a very few independent chains. Lou, don’t you realize that everything we mentioned so far is closely connected? The lack of sensible long-term strategy, the measurement issues, the lag in product design, the long lead times in production, the general attitude of passing the ball, of apathy, are all connected. We must put our finger on the core problem, on the root that causes them all. That is what actually is meant by identify the constraint. It’s not prioritizing the bad effects, it’s identifying what causes them all.
I smile and start to count on my fingers: One, people are good. Two, every conflict can be removed. Three, every situation, no matter how complex it initially looks, is exceedingly simple. Four, every situation can be substantially improved; even the sky is not the limit. Five, every person can reach a full life. Six, there is always a win-win solution. Shall I continue to count?
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