Week 13 – Inventory Performance Curves, Secrets of Stock Inventory Control
Efficient frontiers provide a great benchmark of where your inventory performance is versus where it could be.
Efficient frontiers provide a great benchmark of where your inventory performance is versus where it could be.
See a powerful, practical WIP analysis and control tool, flow performance curves (FPC). FPCs apply to the virtual work (tasks) of projects and services as well as to the physical WIP of traditional manufacturing and provide quick insight that leads to rapid improvements.
In this second part video on the inventory buffer, we cover the fundamental drivers of stock inventory and provide three powerful hints for optimal inventory management.
A description of the two fundamental types of inventory, the science that makes them different, and basic concepts for optimal control.
Proper capacity planning requires that you, one, know how to calculate capacity and, two, understand the effects of variability and how to calculate those effects. Plan your capacity buffer with operations science to obtain best financial and customer service performance.
Operations science concepts connect financial statements to operations performance optimization. Jeff Bell, Managing Director of Arc Precision, shares his experience applying the concepts to successfully grow and manage a company.
An explanation of the fundamental dynamics of buffers and variability that is central to operations science. Understanding this relationship is vital for people in operations to achieve predictable success in their careers.
This week’s episode explores what motivates people, how operations science helps leaders motivate their teams, and how operations science strengthens motivation within a team.
In this week’s episode, we provide the basic definition of operations science and describe its core concept. This is a fundamental requirement for understanding behavior of operations so leaders and workers can establish predictive control and accelerate success.
A working definition of strategy and operations strategy. Building on last week’s video, we discuss characteristics required to establish objective, productive operations goals that align with operations science.
Operations Science Institute
Contact us to determine how you can best apply the concepts to energize your employees. Utilize their experience and talent more effectively to achieve much greater success for your organization.
We also welcome blog posts, articles, or case studies which advance learning and discussion of operations science.
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