Operations Management

Unit 1 – Operations Management: An Introduction

Unit 2 – Operations Strategy & Competitiveness

Unit 3 – Process Design and Analysis

Unit 4 – Capacity Planning and Facility Design

Unit 5 – Forecasting Demand

Unit 6 – Inventory Management

Unit 7 – Supply Chain Management

Unit 8 – Lean Production and JIT Systems

Unit 9 – Quality Management & Statistical Control

Unit 10 – Project Management

Unit 11 – Service Operations Management

Unit 12 – Sustainability in Operations

Unit 13 – Technology in Operations Management

Unit 14 – Global Operations and Outsourcing

Unit 15 – Performance Measurement & Improvement

## What do you learn in Operations Management

Operations Management covers how businesses run their day-to-day processes efficiently. You'll learn about supply chain management, quality control, inventory management, and process optimization. The course dives into forecasting demand, managing production, and streamlining workflows. It's all about making businesses run smoother and faster while keeping costs down and quality up.

## Is Operations Management hard?

Operations Management can be challenging, but it's not impossible. The math isn't too crazy, but there are a lot of concepts to wrap your head around. Some students find the analytical parts tricky, especially when dealing with complex case studies. But if you're into problem-solving and enjoy figuring out how things work, you might actually find it pretty interesting.

## Tips for taking Operations Management in college

1. Use [Fiveable Study Guides](https://fiveable.me/cram-mode) to help you cram 🌶️
2. Practice with real-world examples - try optimizing the queue at your local coffee shop
3. Master key formulas like EOQ (Economic Order Quantity) early on
4. Form a study group to tackle complex case studies together
5. Use visual aids like flowcharts to understand processes better
6. Watch "The Goal" movie - it's based on a famous Operations Management book
7. Keep up with current events in manufacturing and logistics
8. Don't just memorize - understand the "why" behind each concept

## Common pre-requisites for Operations Management

1. Introduction to Business: This course gives you a broad overview of how businesses function and introduces key business concepts. It's a great foundation for diving deeper into specific areas like operations.

2. Business Statistics: You'll learn how to collect, analyze, and interpret data to make business decisions. This class is crucial for understanding the quantitative aspects of Operations Management.

3. Microeconomics: This course explores how individual consumers and firms make decisions. It's essential for understanding the economic principles that underpin many operations management concepts.

## Classes similar to Operations Management

1. Supply Chain Management: Focuses on the flow of goods and services from raw materials to end consumers. You'll learn about logistics, transportation, and inventory management on a larger scale.

2. Project Management: Teaches you how to plan, execute, and close projects efficiently. It's all about managing resources, time, and people to achieve specific goals.

3. Quality Management: Dives deep into ensuring products and services meet or exceed customer expectations. You'll learn about quality control techniques, Six Sigma, and continuous improvement.

4. Lean Manufacturing: Explores techniques to minimize waste in manufacturing processes. It's about creating more value for customers with fewer resources.

## Majors related to Operations Management

1. Business Administration: Provides a broad understanding of business functions including finance, marketing, and operations. Students learn to manage organizations effectively and make strategic decisions.

2. Industrial Engineering: Focuses on optimizing complex systems, processes, and organizations. Students learn to improve quality and productivity in various industries.

3. Supply Chain Management: Concentrates on managing the flow of goods and services from suppliers to customers. Students learn about logistics, procurement, and distribution strategies.

4. Management Information Systems: Combines business and technology to improve organizational processes. Students learn how to use information systems to support business operations and decision-making.

## What can you do with a degree in Operations Management?

1. Operations Manager: Oversees the production of goods or services in an organization. They ensure that operations run smoothly, efficiently, and within budget.

2. Supply Chain Analyst: Analyzes and optimizes the flow of materials, information, and finances in a company's supply chain. They work to improve efficiency and reduce costs in the supply chain process.

3. Quality Control Manager: Ensures that products or services meet specified quality standards. They develop and implement quality assurance programs and may lead teams in continuous improvement efforts.

4. Business Process Improvement Consultant: Helps organizations streamline their operations and increase efficiency. They analyze current processes, identify areas for improvement, and implement solutions.

## Operations Management FAQs

1. How much math is involved in Operations Management? While there's some math, it's mostly basic algebra and statistics. The focus is more on applying mathematical concepts to real-world business problems.

2. Can I use Operations Management skills in a non-manufacturing setting? Absolutely! These skills are valuable in service industries, healthcare, retail, and even non-profits. Any organization that has processes can benefit from operations management techniques.

3. Is Operations Management the same as Project Management? While they share some similarities, they're different fields. Operations Management focuses on ongoing, repetitive processes, while Project Management deals with unique, temporary endeavors.

Business Management

1.1 Defining Operations Management

1.2 Historical Evolution of Operations Management

1.3 The Role of Operations in Organizations

1.4 Operations Management in Manufacturing and Service Industries

2.3 Order Winners and Qualifiers

2.4 Aligning Operations Strategy with Business Strategy

2.1 Developing Operations Strategy

2.2 Competitive Priorities and Capabilities

3.1 Process Types and Characteristics

3.2 Process Mapping and Flowcharting

3.3 Process Improvement Techniques

3.4 Service Process Design

4.1 Capacity Planning Strategies

4.4 Line Balancing

4.2 Facility Location Decisions

4.3 Facility Layout Types and Design

5.3 Time Series Analysis and Trend Projections

5.1 Qualitative Forecasting Methods

5.4 Measuring Forecast Accuracy

5.2 Quantitative Forecasting Techniques

6.1 Types of Inventory and Inventory Costs

6.3 Safety Stock and Reorder Point

6.2 Economic Order Quantity (EOQ) Model

6.4 Inventory Control Systems

7.1 Supply Chain Design and Strategy

7.2 Supplier Selection and Evaluation

7.3 Supply Chain Integration and Coordination

7.4 Risk Management in Supply Chains

8.3 Kanban Systems

8.1 Principles of Lean Production

8.2 Just-in-Time (JIT) Philosophy and Implementation

8.4 Value Stream Mapping

9.1 Total Quality Management (TQM)

9.2 Six Sigma Methodology

9.3 Statistical Process Control (SPC) Tools

9.4 Quality Management Systems and Standards

10.1 Project Planning and Scheduling

10.2 Critical Path Method (CPM) and PERT

10.4 Project Risk Management

10.3 Resource Allocation in Projects

11.2 Service Quality and Customer Satisfaction

11.3 Service Encounter Management

11.4 Service Capacity and Demand Management

11.1 Characteristics of Service Operations

12.3 Circular Economy Principles in Operations

12.1 Sustainable Operations Strategies

12.4 Environmental Performance Measurement

12.2 Green Supply Chain Management

13.1 Enterprise Resource Planning (ERP) Systems

13.4 Internet of Things (IoT) and Industry 4.0

13.2 Advanced Manufacturing Technologies

13.3 Big Data and Analytics in Operations

14.2 Outsourcing and Offshoring Decisions

14.1 Global Supply Chain Strategies

14.3 Managing Cultural Differences in Global Operations

14.4 International Trade Regulations and Logistics

15.1 Key Performance Indicators (KPIs) in Operations

15.3 Benchmarking and Best Practices

15.4 Continuous Improvement Methodologies

15.2 Balanced Scorecard Approach

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