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Introduction to Operations Management – Part I
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Course Content
Course Introduction
Intro Operations 1
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Intro Operations 2
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Chapter 1 - Defining Operations
0101 – Content Chapter 1 – Defining Operations
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0102 – Defining Operations
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0103 – Operations for Goods and Services
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0104 – History of Operations Management
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0105 – Defining Processes. Processes and Operations
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0106 – Core and Support Processes in Organisations
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0107 – Defining Supply Chain, Tiers and Vertical Integration
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0108 – Defining the Value Chain
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0109 – Outsourcing and Insourcing
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0110 – Customer Relationship Management
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0111 – Customer Service Management
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0112 – Demand Management
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0113 – Order Fulfilment Management
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0114 – Flow Management
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0115 – Supply Relationship Management
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0116 – Product Development and Commercialisation Management
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0117 – Returns Management
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0124 – Ethics and Sustainability
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Chapter 2 - Strategy and Operations
0201 – Content of Chapter 2
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0202 – Corporate Strategy and Operations
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0203 – Strategic Planning Process
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0204 – Company Mission Statements
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0205 – Strategic Choices. Cost, Quality and Customer Service
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0206 – Approached to Strategy. Differentiation, Response and Cost Leadership
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0207 – Overall Strategy and Operations Strategy
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0208 – Basic Financial Parameters
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0209 – Financial Evaluation of Operations
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0210 – Financial Performance of Operations
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0211 – Productivity Performance Measures. Examples
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0212 – Overall Equipment Efficiency. Definition, Formulas and Examples
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0213 Perforamce Measures related to Quality, Customer Service, Ethics and Sustainability
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0214 – The Balanced Scorecard Model
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0215 – Emerging Issues related to Big Data, Ethics and Sustainability
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Chapter 3 - Product and Service Design, Capacity and Processes
0301 – Content of Chapter 3
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0302 –
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0303 –
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Chapter 4 - Quality Management
0401 – Content of Chapter 4
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0404 – Evolution of Quality and Quality Management
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0405 – Review of Basic Statistic Parameters
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0406 – Normal Distribution, z-value, and Service Level
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0407 – Statistical Sampling based on Hypothesis Testing
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0408 – Concept of Total Quality Management
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0409 – Quality Issues and Effects on Costs
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0410 – Cost of Conformance and non-Conformance
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0411 – Quality Gurus and their Achievements
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0412 – Quality Awards and Certification
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0413 – The Seven Basic Tools of Quality Management
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0414 – Applications of the Seven Quality Tools
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0416 – Manual versus Process-wise Production. Tolerances
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0417 – Process Capability Ratio and Index
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0418 – Common and Assignable Causes of Variation
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0419 – Sampling and Control Charts
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0423 – Control Charts for Discrete Data
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0422 – Control Charts for Continuous Data or Variables
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0424 – Process Evaluation using Control Charts
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0425 – Control Chart, UCL and LCL with 𝜇 and 𝜎 known
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0427 – Control Chart, UCL and LCL with 𝜇 and 𝜎 unknown
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0426 – Control Chart, UCL and LCL with 𝜇 and 𝜎 known. Exercise
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0428 – Control Chart, UCL and LCL with 𝜇 and 𝜎 unknown. Exercise
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Chapter 5: Importance and Principles of Forecasting
0501 – Content of Chapter 5
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0502 – Importance of Forecasting
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0503 – Overview of Forecasting Methods
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0504 – Qualitative Forecasting Methods
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0505 – Time Series Forecasting Methods
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0506 – Causal Forecasting Techniques
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0507 – Time Series Forecasting: Naïve and Simple Forecasting Method
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0508 – Time Series Forecasting: Accuracy and Definition of Errors
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0509 – Adding Errors to the Forecasting Table
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0510 – Weighted Moving Average Forecasting Method
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0511 – Exponential Moving Average Forecast
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0512 – Trend Adjusted Exponential Moving Average Forecast
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0513 – Linear Regression – Least Squares Method
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0514 – Forecasting with Seasonal Effects without Trend
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0515 – Seasonal Effects with Trend
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Chapter 6 - Aggregate Planning
0601 – Content of Chapter 6
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0602 – Overview of Production Planning Horizons
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0603 – Planning Horizons and Actions over Time
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0604 – Aggregate Planning Strategies
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0605 – Aggregate Planning – Working Example
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0606 – Calculating the Basic Parameters
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0607 – Production Parameters for the Chase Strategy
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0608 – Cost Parameters for the Chase Strategy
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0609 – Production Parameters for the Level Strategy
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0610 – Cost Parameters for the Level Strategy
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Chapter 7 - Independent Demand and Inventory Management
0701 – Content of Chapter 7
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0702 – Definitions Related to Inventory
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0703 – Importance of Inventory
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0704 – Total Value of Inventory
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0705 – Rotation and Throughput
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0706 – Cost2Cash and Cash2Cash Cycles
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0707 – Inventory Instability and Bull Whip Effect
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0708 – Demand Inventory Models
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0709 – Cost Elements of Inventory
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0710 – Total Annually Inventory Costs
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0711 – Simple EOQ Model
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0712 – Simple EOQ Model: Exercise
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0713 – Effects of Quantity, Order Costs and Holding Costs on EOQ
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0714 – EOQ Model with Varying Purchase Price
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0715 – EOQ Model with Varying Purchase Price: Exercise
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0716 – Q-order model and ROP
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0717 – Inventory Position and ROP
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0718 – Varying Demand ROP and Service Level
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0719 – Varying Demand and Lead Time – Calculation of Standard Deviation
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0720 – Varying Demand and Lead Time: Exercise
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0721 – P-order Profile or Periodic Review Model
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0722 – Inventory Classification, ABC Model
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Chapter 8 - Project Management
0801 – Content of Chapter 8
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0802 -Evolution of Project Management
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0803 – Examples of Projects
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0804 – Defining a Project and Project Management
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0805 – Projects, Programs and Operations
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0806 – Origin of Projects and Portfolio
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0807 – Project Evaluation and Selection
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0808 – Project Management Process
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0809 – Different Project Management Environments
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0810 – Project Management in a Modern World
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0811 – Ten Steps of Project Management
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0812 – Creating the Work Breakdown Structure
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0813 – Activity Precedence and Scheduling
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0814 – Project Scheduling, Critical Path and Gantt
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0815 – Project Cost and Critical Path Position
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0816 – Project Budget
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0817 – Project Duration Reduction Methods – Problems and Solutions
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0818 – Project Duration Reduction Methods – Crashing and Fast Tracking
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0819 – PERT and 3Point Method for Duration Calculation
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0820 – Project Duration and Probability using PERT or 3Point
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0821 – Project Duration and Probability using Monte Carlo
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0822 – Risk Management in Projects
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0823 – Project Execution and Follow Up
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0824 – Principles of Earned Value Management
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0825 – Software for Project Management
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