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Eliyahu M. Goldratt Biography

Eliyahu M. Goldratt

Eliyahu Moshe Goldratt (March 31, 1947 – June 11, 2011) was an Israeli business management guru. He was the originator of the Optimized Production Technique, the Theory of Constraints (TOC), the Thinking Processes, Drum-Buffer-Rope, Critical Chain Project Management (CCPM) and other TOC derived tools.

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Eliyahu M. Goldratt Quotes

Make the bottlenecks work only on what will contribute to throughput today … not nine months from now. That’s one way to increase capacity at the bottlenecks. The other way you increase bottleneck capacity is to take some of the load off the bottlenecks and give it to non-bottlenecks.

Giving, Nine, Throughput, Today, Way

Never let something important become urgent

Become, Important, Let, Urgent

If we reduce batch sizes by half, we also reduce by half the time it will take to process a batch. That means we reduce queue and wait by half as well. Reduce those by half, and we reduce by about half the total time parts spend in the plant. Reduce the time parts spend in the plant and our total lead time condenses. And with faster turn-around on orders, customers get their orders faster.

Mean, Order, Sizes, Take, Time, Waiting

The goal is not to improve one measurement in isolation. The goal is to reduce operational expenses AND reduce inventories and increase throughput simultaneously.

Goal, Increase, Inventory, Measurement, Reduce, Throughput

Cost Accounting is enemy number one of productivity.

Cost, Enemy, Number, Numbers

If you don't manufacture a quality product all you've got at the end is a bunch of expensive mistakes.

Ends, Expensive, Mistake, Mistakes, Quality

An hour saved at the non-bottleneck is a mirage.

Hour, Hours, Mirage, Mirages, Saved

I say an hour lost at a bottleneck is an hour out of the entire system. I say an hour saved at a non-bottleneck is worthless. Bottlenecks govern both throughput and inventory.

Bottlenecks, Entire, Hours, Inventory, Lost, Throughput

Tell me how you measure me, and I will tell you how I will behave

Behave, Measure, Tell

So this is the goal: To make money by increasing net profit, while simultaneously increasing return on investment, and simultaneously increasing cash flow.

Money, Business, Cash Flow, Flow, Profit, Increasing

An expert is not someone who gives you the answer, it is someone who asks you the right question.

Answers, Expert, Experts, Giving, Question, Right

Why not make the work easier and more interesting so that people do not have to sweat? The Toyota style is not to create results by working hard. It is a system that says there is no limit to people’s creativity. People don’t go to Toyota to ‘work’ they go there to ‘think’

Creativity, Hard, Peoples, Results, Sweat, Thinking