Eliyahu Goldratt

The Goal: A Process of Ongoing Improvement

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    Adilbek Rustemovhas quoted7 months ago
    His latest book is, Necessary but Not Sufficient, which focuses on the low rate of return obtained by companies on their huge investments in IT and enterprise resource planning (ERP) systems.
    Evahas quotedlast year
    As long as we don’t know what caused the situation, the best we can do is to throw punches in all directions. That was our old mode of operation. I had hoped that we learned better.
    Evahas quotedlast year
    We need financial measurements for sure—but we don’t need them for their own sake. We need them for two different reasons. One is control; knowing to what extent a company is achieving its goal of making money. The other reason is probably even more important; measurements should induce the parts to do what’s good for the organization as a whole.
    Evahas quotedlast year
    He explains that in both rules, "utilizing’’ a resource means making use of the resource in a way that moves the system toward the goal. "Activating’’ a resource is like pressing the ON switch of a machine; it runs whether or not there is any benefit to be derived from the work it’s doing.
    Evahas quotedlast year
    But after a while I learned not to waste my time checking the numbers—because the numbers were almost always right. However, if I checked the assumptions, they were almost always wrong.
    b6657559982has quotedlast year
    He wants his shot at CEO. But so do I. Too bad that I may never get the chance now.
    b3632339449has quotedlast year
    Progress in understanding requires that we challenge basic assumptions about how the world is and why it is that way.
    Quetzalcoatlhas quoted2 years ago
    "There are three of them. Their names are throughput, inventory and operational expense.’’
    Artem Kropovinskyhas quoted2 years ago
    Increase throughput while simultaneously reducing both inventory and operating expense.
    Muhammad Fadelhas quoted3 years ago
    Operational expense is all the money the system spends in order to turn inventory into throughput.’’
    Muhammad Fadelhas quoted3 years ago
    Inventory is all the money that the system has invested in purchasing things which it intends to sell.’’
    Muhammad Fadelhas quoted3 years ago
    Throughput,’’ he says, "is the rate at which the system generates money through sales.’’
    Muhammad Fadelhas quoted3 years ago
    They’re measurements which express the goal of making money perfectly well, but which also permit you to develop operational rules for running your plant,’’ he says. "There are three of them. Their names are throughput, inventory and operational expense.’’
    Muhammad Fadelhas quoted3 years ago
    the paper, I write down the three measurements which Lou and I agreed are central to knowing if the company is making money: net profit, ROI and cash flow.
    Muhammad Fadelhas quoted3 years ago
    Alex, I have come to the conclusion that productivity is the act of bringing a company closer to its goal. Every action that brings a company closer to its goal is productive. Every action that does not bring a company closer to its goal is not productive. Do you follow me?’’
    Diana Zholdasbayhas quoted3 years ago
    We call it CRH, for contribution margin per resource hour.
    Diana Zholdasbayhas quoted3 years ago
    For the ability to answer three simple questions: ‘what to change?’, ‘what to change to?’, and ‘how to cause the change?’
    Diana Zholdasbayhas quoted3 years ago
    The real constraints, even in our plant, were not the machines, they were the policies.’’
    Diana Zholdasbayhas quoted3 years ago
    We must put our finger on the core problem, on the root that causes them all.
    Diana Zholdasbayhas quoted3 years ago
    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.
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