Operations Management Essentials

  • 5 Courses | 1h 49m 27s
  • 11 Books | 47h 51m
  • 9 Audiobooks | 39h 25m 34s
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Successful companies follow fundamental practices of efficient operations management. Explore further to learn about and apply these practices.

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Operations Management Functions and Strategies

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COURSES INCLUDED

Operations Management Functions and Strategies
Operations management is crucial for organizational success. It involves designing, planning, directing, and controlling all the processes in an efficient way to transform resources into quality goods or services. Operations include all the activities used to create and deliver goods or services. In this course, you'll learn the basics of operations management and how it can improve efficiency. You'll also learn about organizational strategy, Lean processes, and the transformation model. You'll be introduced to the general characteristics of operations in the manufacturing and service sectors, as well as common operations strategies. You'll also learn about a process for formulating organizational strategy, and about the main types of transformations.
8 videos | 25m has Assessment available Badge Certification PMI PDU
Strategic Product and Service Management
To succeed in competitive markets, all organizations need to strategically plan and manage their products and services. Much of the responsibility for doing this lies with operations management. An organization's operations section deals with managing products and services and delivering quality using efficient processes. In this course, you'll learn about the product and service life cycle, the process for developing new products, and strategies to manage the sale of existing and mature products. You'll also learn about a process and best practices to improve efficiency for new product or service development. Finally, you'll learn about strategies, such as Lean processes, for managing existing and mature products and services.
7 videos | 19m has Assessment available Badge Certification PMI PDU
Supply Chain Management Basics: Cutting Costs and Optimizing Delivery
A few basic supply chain management (SCM) concepts can really improve delivery and cost management while enhancing how you provide value to customers. In this course, you'll explore the components of a supply chain and the key objectives of SCM, such as cost reduction and delivery optimization. You'll learn how organizations combine SCM strategies. And you'll explore the components of the supply chain, including the role of the supplier, and cover the key drivers that impact its efficiency. You'll also consider the characteristics of service supply chain management, and learn about related strategies.
7 videos | 20m has Assessment available Badge Certification PMI PDU
Inventory Management: Aligning Inventory with Production and Demand
One of the most common challenges for businesses is to know exactly how much inventory to keep. If production exceeds demand, a business will end up paying high storage costs; too little inventory, however, and it may not be able to meet consumer demand. That’s why an operations strategy needs to find a way to strike the right balance. In this course, you’ll learn about different operations management techniques, including how to value inventories and calculate economic order quantities and reorder points. You’ll explore common ordering and holding costs. And you'll discover popular inventory management tools, including ABC analysis, MRP, ERP, and JIT management.
8 videos | 22m has Assessment available Badge Certification PMI PDU
Optimizing Operations Using Demand Forecasting and Capacity Management
It's a fact that market trends are constantly changing. Failure to adapt to these changes may result in your organization losing its competitiveness – and, ultimately, customers. To take advantage of these shifting forces, businesses must implement an effective operations management strategy that matches market demands. In this course, you’ll learn about demand forecasting and capacity management, two techniques that can optimize your organization’s operations to handle market trends and meet the challenges of supply and demand. You'll also learn about demand patterns, a process for forecasting demand, and strategies for managing your organization's capacity.
8 videos | 22m has Assessment available Badge Certification PMI PDU
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BOOKS INCLUDED

Book Summary

Logistics, Supply Chain and Operations Management Case Study Collection
Logistics, Supply Chain, and Operations Management Case Study Collection is a compilation of case studies illustrating practical ways to overcome challenges in business today. In this Summary, we discuss the salient points of the book based on our interpretation of its contents.
Book Duration 9m Book Authors By David B. Grant (ed)

Book Summary

Warehouse Management: A Complete Guide to Improving Efficiency and Minimizing Costs in the Modern Warehouse, 2nd edition
Warehouse Management explores the role of warehouses in the supply chain, and takes a comprehensive look at the workings of modern warehouse operations. In this Summary, we discuss the salient points of the book based on our interpretation of its contents.
Book Duration 11m Book Authors By Gwynne Richards

Book

Inventory Management: Advanced Methods for Managing Inventory within Business Systems
Using case studies from various diverse industries, this book, aimed at practitioners, supply chain managers, and operations and manufacturing professionals, provides a step-by-step approach on how to achieve the crucial link between the budget’s decisions and the detail level.
Book Duration 3h 48m Book Authors By Catherine Milner, Geoff Relph

Book

The Handbook of Logistics and Distribution Management: Understanding the Supply Chain, 5th Edition
Providing a broad strategic framework for planning as well as a clear and straightforward description of the basic functions and elements, this book helps in the logistics manager's quest to improve service and reduce cost, as well as keeping them aware of the many different facets of logistics and the supply chain.
Book Duration 12h 7m Book Authors By Alan Rushton, Peter Baker, Phil Croucher

Book

MIT Sloan Management Review Article on Who Gets What When Supply Chains Are Disrupted?
In this article from MIT Sloan Management Review, learn how when companies cannot meet the full demands of their customers, leaders need to set clear decision criteria and the mechanisms to back them up. But how?
Book Duration 5m Book Authors By Yossi Sheffi

Book

MIT Sloan Management Review Article on Three Scenarios to Guide Your Global Supply Chain Recovery
This article from MIT Sloan Management Review reveals that even as the business climate remains deeply unpredictable, supply chain leaders should act now to plot their comebacks.
Book Duration 7m Book Authors By David Simchi-Levi

Book

Production in the Innovation Economy
Focusing on innovation as a rationale for why manufacturing still matters to the U.S. economy, this book argues that a holistic concept of production is intertwined with the process of innovation.
Book Duration 5h 17m Book Authors By Rachel L. Wellhausen (eds), Richard M. Locke

Book

The Lean 3P Advantage: A Practitioner's Guide to Production, Preparation and Process
Illustrating real-world scenarios with numerous examples and case studies to help newcomers succeed the first time around, this book describes how to develop successful new products concurrently with new operations.
Book Duration 5h 37m Book Authors By Allan R. Coletta