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Lesson 1-2 Process Flow Analysis - Operations Management: Analysis and Improvement Methods
Value Chain Management Specialization
In this course, you will learn about the role of operations and how they are connected to other business functions in manufacturing- and service-focused organizations. You will learn and practice the use of decision-making frameworks and techniques applicable at all levels, from management-level strategic decisions such as connecting process to the needs of various customer segments, to front-line tactical decisions such as choosing between ordering larger quantities vs. ordering more frequently.
Upon successful completion of this course, you will be able to:
• Understand the role of operations management
• Relate underlying principles to operations management frameworks and techniques
• Synthesize information to make strategic operations decisions
• Evaluate processes on different dimensions
• Apply analytical techniques for tactical operations decision
This course is part of the iMBA offered by the University of Illinois, a flexible, fully-accredited online MBA at an incredibly competitive price. For more information, please see onlinemba.illinois.edu.
Quality Control, Operations Management, Supply Chain, Inventory
As of i like finance and HR so just thought to try this operations. Really a good and interesting course and give a lot of information with examples so its effective and helpful for our future also .,THANK YOU UDATTA PALEKAR SIR FOR SUCH A BEAUTIFUL INSIGHT COURSE. MAKING EACH AND EVERY CONCEPT CLEAR. LOVED IT. ITS MORE THAN PERFECT I WOULD RECOMMEND EVERYONE TO TAKE THIS BEAUTIFUL JOURNEY!!!
In this module, you will be introduced to the idea of operations as processes that are composed of coordinated activities. Processes will then be characterized by how activities and resources required to perform them are organized. Process types will be described and guidelines on the appropriate choice of a process type will be presented. Activities and processes will be analyzed and key performance metrics will be presented. You will learn about cycle times, flow rates, throughput times, and how to calculate them for activities and processes. The calculated metrics will allow you to identify bottleneck activities and understand the idea of capacity utilization. The module ends with Little’s law, which introduces the notion of inventories and how other process metrics are related to amount of inventory in a process.
Lesson 1-2 Process Flow Analysis - Operations Management: Analysis and Improvement Methods
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