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Eliyahu M. Goldratt -
The Haystack Syndrome (1990)
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[Throughput is the] rate at which the system generates money through sales.
Eliyahu M. Goldratt
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Tell me how you measure me, and I will tell you how I will behave.
Eliyahu M. Goldratt
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[Inventory is measured by] the money the system invests in purchasing things the system intends to sell.
Eliyahu M. Goldratt
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[Operating expense is defined as] all the money the system spends in turning inventory into throughput.
Eliyahu M. Goldratt
Quote of the day
Nobody ever did anything very foolish except from some strong principle.
William Lamb, 2nd Viscount Melbourne
Eliyahu M. Goldratt
Born:
March 31, 1947
Died:
June 11, 2011
(aged 64)
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