
Week 10 – Managing an Inventory Buffer
A description of the two fundamental types of inventory, the science that makes them different, and basic concepts for optimal control.
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.
Evaluation of popular operations goals and a description of objective operations goals that align with operations science.
Common forecasting errors and practical tips for productive forecasting.
A fundamental challenge for all organizations is how to manage variability. We discuss the performance envelope, a fundamental element required to plan for and manage variability successfully.
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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