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Operations Managment

Worked problems, method notes and exam strategy from the people who teach the classes.

Illustration for Vendor Selection and Vendor Rating

Operations Managment

Vendor Selection and Vendor Rating

Vendor selection and vendor rating explained: selection factors and process, categorical, weighted point, cost ratio and scorecard methods, with fully worked rating examples for three vendors.

12 min read contains equations

Illustration for Stores Management in Operations Management

Operations Managment

Stores Management in Operations Management

Stores management explained: objectives, functions, store types and layout, codification, receipt and issue procedures, bin card vs stores ledger, FIFO and weighted average pricing, and stock level formulas.

13 min read contains equations

Illustration for Production Planning and Control (PPC) in Operations Management

Operations Managment

Production Planning and Control (PPC) in Operations Management

Production planning and control (PPC) explained: planning versus control, routing, loading, scheduling, sequencing, dispatching and follow-up, with worked FCFS, SPT and EDD sequencing and a capacity check.

11 min read contains equations

Illustration for What is Purchase Management?

Operations Managment

What is Purchase Management?

Purchase management explained for BBA, MBA and B.Com: the six rights, functions, purchase procedure and documents, buying methods, EOQ and reorder level, and a worked total landed cost comparison.

13 min read contains equations

Illustration for Supply Chain Management in Operations Management

Operations Managment

Supply Chain Management in Operations Management

Supply chain management explained: stages, three flows, bullwhip effect, integration, outsourcing and lead time, with worked landed-cost and inventory turnover examples.

11 min read contains equations

Illustration for Production Scheduling in Operations Managment

Operations Managment

Production Scheduling in Operations Managment

Production scheduling explained: types, objectives and factors, with worked FCFS, SPT, EDD, critical ratio and Johnson's rule examples and a Gantt chart.

11 min read contains equations

Illustration for What is Plant Layout in Operations Managment ?

Operations Managment

What is Plant Layout in Operations Managment ?

Plant layout explained: objectives, principles, process, product, fixed position, combination and cellular layouts compared, with worked load-distance and line balancing examples.

11 min read contains equations

Illustration for Location Analysis in Operations Managment

Operations Managment

Location Analysis in Operations Managment

Location analysis explained for BBA and MBA students: why site choice matters, factors for factories and shops, steps, factor rating and break-even crossover methods with worked examples.

11 min read contains equations

Illustration for Capacity Planning in Operations Management

Operations Managment

Capacity Planning in Operations Management

Capacity planning explained: design and effective capacity, actual output, utilisation and efficiency, a worked machine-requirement example, influencing factors, and lead, lag and match strategies.

11 min read contains equations

Illustration for Forecasting In Operations Management

Operations Managment

Forecasting In Operations Management

Forecasting in operations management: meaning, time horizons, demand patterns, qualitative and quantitative methods, and a worked moving average and exponential smoothing example with MAD.

10 min read contains equations

Illustration for Types of Production Systems in Operations Managment

Operations Managment

Types of Production Systems in Operations Managment

Job, batch, mass and continuous production systems compared: features, advantages, limitations, examples, services, and a worked break-even example showing how volume decides the right system.

10 min read contains equations

Illustration for What is Operations Management

Operations Managment

What is Operations Management

Operations management explained for BBA, MBA and B.Com students: definition, the input-transformation-output model, objectives, ten decision areas, goods vs services, and a worked productivity example.

11 min read contains equations

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