Don’t be overwhelmed with measures and KPIs. In the operations science framework, required measures naturally surface. There are the vital few and everything else is just window dressing.
Don’t let your continuous improvement efforts end up just going through the motions. See how operations science helps you supercharge any process improvement efforts.
Organizations see repeated occurrences of poor performance even after investing tremendous amounts of money and time in implementing new software. This does not have to be.
Computers are much faster than people at processing information. This causes an excessive feedback problem that many don’t recognize. Companies invest millions and billions of dollars in IT but still end up with poor on-time delivery and high cost.
The operations science model for operations management provides quick improvements and long-lasting success.
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.