0:01 operations management is a field
0:03 focusing on efficiently and effectively
0:06 managing the processes that produce and
0:07 distribute goods and
0:10 services here are 10 basic concepts in
0:12 operations management that are essential
0:13 for understanding and improving
0:16 organizational performance first we have
0:18 Supply Chain management this encompasses
0:20 all activities involved in sourcing
0:22 procurement production and Logistics
0:24 management the goal is to create a
0:26 seamless flow of goods services and
0:28 information from supplier to customer
0:30 maximizing value and efficiency at each
0:32 step then we have lean
0:35 manufacturing lean is about eliminating
0:36 waste within a manufacturing system
0:38 without sacrificing productivity it
0:40 focuses on improving overall customer
0:42 value through continuous Improvement and
0:44 respecting the workforce the third
0:46 concept we will talk about is Total
0:49 Quality Management tqm tqm is a
0:51 management approach centered on quality
0:52 based on the participation of all
0:54 members of an organization in improving
0:57 processes products services and the
0:59 culture in which they work it aims for
1:01 long-term Success Through customer
1:04 satisfaction fourth just in time
1:06 production just in time is a management
1:08 strategy that aligns raw material orders
1:10 from suppliers directly with production
1:12 schedules it aims to reduce inventory
1:15 costs increase efficiency and decrease
1:16 waste by receiving Goods only as they
1:19 are needed in the production process
1:21 fifth capacity
1:23 planning this involves determining the
1:25 production capacity needed by an
1:27 organization to meet changing demands
1:29 for its products it ensures that a
1:30 business business has the optimal
1:32 resources needed to meet its current and
1:34 future levels of
1:37 production the sixth concept is project
1:39 management project management and
1:42 operations involves planning executing
1:44 and closing projects that achieve a
1:45 specific goal within a set time frame
1:48 and budget this concept is important for
1:50 launching new products improving
1:53 processes or implementing systems number
1:54 seven is process
1:57 Design This refers to the Strategic
1:59 decisions in manufacturing or service
2:01 operations regarding the production
2:02 process's overall structure and
2:04 components it involves tools and
2:07 techniques to design analyze and improve
2:11 core operational processes eth Inventory
2:13 management Inventory management is the
2:16 supervision of non-c capitalized assets
2:19 inventory and stock items it involves
2:21 overseeing the ordering storing and
2:23 using a company's inventory raw
2:26 materials components and finished
2:28 products the ninth concept is
2:31 forecasting oper operations managers use
2:33 forecasting to make informed decisions
2:35 about future inventory needs production
2:38 volumes and capacity planning it
2:40 involves using historical data and
2:42 Analysis to make educated guesses about
2:45 future demand the 10th and final concept
2:47 is quality control and Improvement this
2:49 concept involves the processes by which
2:51 companies review the quality of all
2:53 factors involved in production it
2:55 focuses on identifying defects or errors
2:58 in manufactured products and services
3:00 aiming to enhance the quality of outputs
3:03 these 10 Concepts represent the core of
3:05 operations management providing the
3:07 framework for operational efficiency
3:10 quality improvement and customer
3:12 satisfaction Mastery of these areas can
3:14 significantly impact an organization's
3:16 performance and competitiveness before
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