Operations Lecture

Operations Lecture - Procurement/Sourcing Staff Planning...

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Operations Lecture 21:53 What is operations? Organize people, equipment, info, materials, facilities Industries associated with operations o Manufacturing (Toyota) o Banking/Financial Services (storing data, transferring funds, etc.) o Concert tours (moving everything, setting up, etc.) Operations creates products and services Operations management All businesses crate a value-added product (goods, funds transfer, entertainment) Product made by transforming inputs into outputs Final product or service is output Transformation is value added Retailing is a type of operations With the emergence of online shopping, retail stores have to look to adapt to online  sales Evolving operations How is it changing? Applications of innovative technology New customer-facing processes Data-saavy and us of analytical tools Real-time, dynamic decision making Operations manager Location/Layout Inventory Management Technology Management Capacity and waiting line management
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Unformatted text preview: Procurement/Sourcing Staff Planning Forecasting Overview of activities including supply chain management Focuses on operation of entire network of business that transform inputs into finished products and services and deliver them to their end customers around the world o IPhone with glass screen example Suppliers Manufacturers Distributors Customers Suppliers Supply chain = network of all parties involved in fulfilling customer demand Logistics takes a big part in costs Supply chain manager trying to cut costs on all aspects (parts, logistics, etc.) Career Opportunities Procurement o Identify and work with suppliers Logistics Select carriers, manage inventory and people Operations Manager Manage staff, inventory, budgets Process analyst Finds solutions to broken processes Consultant Help other businesses solve problems Operations Classes 21:53 21:53...
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Operations Lecture - Procurement/Sourcing Staff Planning...

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