Eliyahu M. Goldratt (Theory of Constraints)

Eliyahu M. Goldratt was an Israeli physicist and business consultant known for developing the Theory of Constraints (TOC). This management philosophy focuses on identifying and addressing bottlenecks or limitations within a system that hinder overall performance. TOC asserts that by improving the weakest link, or constraint, in a process, organizations can enhance efficiency, productivity, and profitability. Goldratt emphasized the importance of seeing the system as a whole rather than just optimizing individual parts. His ideas have influenced various fields, including manufacturing, project management, and supply chain management, helping organizations achieve lasting improvements.