Week 1: Introduction to MGMT3100 – Operations Management. Overview of course expectations, instructor introduction, and essential course resources. Start to learn Topic 1: Operations and SCM – The Value Creation Engine.
Week 2: Operation and SCM: Creating Customer Value. Develop a compelling story for why operations strategy begins with customers' real needs and identify the five customer value dimensions, and describe how operations can help you create and deliver them.
Week 3: Operations Strategy - Managing Performance. Define the cross-trained worker, the cross-experienced manager, and the cross-functional team, and discuss their role in achieving operational excellence, the key roles of performance measurement, and learn how to calculate Productivity.
Week 4: New Product Design. Describe the technology adoption life cycle, the product life cycle, and the BCG Growth-Share Matrix. Discuss the steps in the new product development process. Apply the Break-even tool to evaluate and improve product profitability.
Week 5: Process Design and Management. Process management, different types of process designs, differences among common process improvement methodologies, and describe the theory of constraints, and how to create flowcharts and perform bottleneck analysis.
Week 6: Lean Operations. Lean philosophy, its origin, and its advantages. Apply lean tools, including value stream mapping, kaizen bursts, 5S, and Eight wastes to improve simple processes. Presentation.
Weeks 7 & 8: Quality Management. Dimensions of quality for goods and services, Six Sigma and discuss the types of process variation, use key quality tools, including process capability analysis (Cp, Cpk) and statistical process control (control chart).
Week 9:Manufacturing Planning & Control. MPC, including the core goals of each step in the process, primary aggregate planning strategies (chase strategy and level strategy), options for aligning supply to demand, and developing a simple aggregate plan using different strategies
Weeks 10 & 11: Forecasting & Integrated Business Planning. Steps in the forecasting process: calculate forecasts using time series methods (simple moving average, weighted moving average, and exponential smoothing), calculate forecast error (MSE, MAD, and MAPE), and discuss how to improve the accuracy of your forecasts.
Weeks 12 & 13: Independent Demand Inventory Management. Learn how companies use inventory to improve efficiency, responsiveness, and customer satisfaction. Different measures companies use to evaluate inventory performance. Inventory decisions using ABC Classification. Calculate a cost-effective order point using the Reorder Point System. Calculate a cost-effective order quantity using the Economic Order Quantity Model.
Week 14: Logistics Management. Discuss how logistics adds value to the economy, to organizations, and to your life. Diverse activities and roles for which logistics is responsible: processing, movement, and storage. Third-party logistics service. The nature of logistics tradeoffs and discuss how tradeoffs shape logistics decision making.