Course Highlights
  • Understand how business operate and be able to run efficient operations
  • Understand the accounting and how to read and interpret key financial statements
  • Understand supply chain management
  • Understand forecasting and be able to create a forecast in Excel
  • Understand lean business processes
  • Lead a team through a continuous improvement project
  • Be able to do inventory management in Excel
  • Increase profitability: reduce waste, use resources efficiently and improve delivery
Curriculum

2 Topics
Introduction
How is this course organised?

11 Topics
Chapter Notes
Introduction
What are operations?
What is supply chain management?
What is value and why is it important?
Relevance of productivity
Importance of good management
Statistical Process Control (SPC)
Operations management
What is a business process?
Chapter Quiz

7 Topics
Chapter Notes
Key financial statements
Balance sheet
Income statement
Interpreting the income statement
Cash flow statement
Chapter Quiz

7 Topics
Chapter Notes
To manage is to plan
Select the production process
Reduction of customer flow time
Manage bottlenecks
Ten principles of supply chain management
Chapter Quiz

3 Topics
Put things on paper
KPIs
Making the timeline

10 Topics
Chapter Notes
What is inventory?
Balancing inventory
True cost of inventory
Forecasting basics
Forecasting: how to do it?
How to Forecast in Excel 2016 - step by step guide
Inventory management
Inventory Management in Excel
Chapter Quiz

21 Topics
Chapter notes
What is lean?
Focusing on quality
Measures of spread
Standard Deviation
Brainstorming
5 Whys
SWOT analysis
Introduction to DMAIC
Define phase
Measure phase
Analyze phase
Improve phase
PCE and Little's Law
Control phase
Waste
Kaizen
How to deal with waste
Overcoming problems
Chapter Quiz
Statistical Process Control SPC

7 Topics
Basic mathematics in Excel
Basic statistics in Excel
Basic charts and graphs
Correlating data
What are bar graphs?
What are histograms?
What are pie charts?

5 Topics
Introduction to Statistics
Analyzing data
Collecting data
Designing studies
Presenting data

1 Topic
Final Test

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The Operations Management Essential Training

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