Supply Chain article – Golden Rules
Companies need to start using common sense to survive, says business thinker Dr Eli Goldratt. Rebecca Ellinor distils his words of wisdom.
Are we really in troubled times? No, we’re just panicking, says Dr Eliyahu Goldratt. The worldrenowned business management consultant and author of The Goal, which was recently included in The 100 Best Business Books of All Time, has always challenged people to think differently. In The Goal, written 25 years ago when he was a physicist, Dr Goldratt outlined his ‘theory of constraints’, with the premise that the rate of goal achievement is limited by at least one constraining process. He argued that only by increasing fl ow through the constraint can overall throughput be improved.
Originally directed at the manufacturing industry, its central messages hold true today. He now helps organisations to apply his advice, considered so broadly applicable that when he visited the UK this spring the 130-strong audience at his seminar included child psychologists, buyers and senior managers from the public and private sectors…Click here to continue reading