Production and Operations Management

Unit 1 – Operations Strategy & Competitiveness

Unit 2 – Product and Service Design

Unit 3 – Process Analysis & Design

Unit 4 – Capacity Planning

Unit 5 – Facility Location & Layout

Unit 6 – Supply Chain Management

Unit 7 – Inventory Management

Unit 8 – Quality Management & Control

Unit 9 – Project Management

Unit 10 – Lean Operations & JIT Systems

Unit 11 – Forecasting & Demand Planning

Unit 12 – Operations Scheduling and Control

## What do you learn in Production and Operations Management

Production and Operations Management covers the nuts and bolts of how businesses create and deliver products or services. You'll learn about supply chain management, quality control, inventory management, and process optimization. The course dives into forecasting demand, scheduling production, and managing capacity to keep operations running smoothly and efficiently.

## Is Production and Operations Management hard?

Production and Operations Management can be challenging, especially if you're not a numbers person. There's a fair amount of math and statistics involved, which can be tricky. But don't panic - it's not rocket science. The concepts themselves aren't too complex, it's more about applying them to real-world scenarios. With some practice and a good grasp of basic math, you'll be fine.

## Tips for taking Production and Operations Management in college

1. Use [Fiveable Study Guides](https://fiveable.me/cram-mode) to help you cram 🌶️
2. Practice, practice, practice - especially with quantitative problems
3. Stay on top of current business news - it helps connect theory to real-world applications
4. Form study groups to tackle complex concepts together
5. Use visual aids like flowcharts to understand processes better
6. Watch "The Goal" movie - it's based on a novel about operations management
7. Play simulation games like "Factory Physics" to get hands-on experience
8. Don't just memorize formulas - understand when and why to use them

## Common pre-requisites for Production and Operations Management

1. Introduction to Business: This course provides a broad overview of business fundamentals, including basic concepts in management, marketing, and finance. It sets the stage for more specialized business courses.

2. Business Statistics: This class covers statistical methods used in business decision-making. You'll learn about probability, sampling, hypothesis testing, and regression analysis - all crucial for operations management.

3. Microeconomics: This course explores how individuals and firms make decisions in markets. It covers supply and demand, market structures, and production theory, which are foundational for understanding operations.

## Classes similar to Production and Operations Management

1. Supply Chain Management: This course focuses on the flow of goods and services from suppliers to end consumers. You'll learn about logistics, inventory management, and global supply networks.

2. Project Management: Here, you'll learn how to plan, execute, and control projects. It covers scheduling, resource allocation, and risk management - skills that complement operations management.

3. Quality Management: This class dives deep into ensuring product and service quality. You'll study quality control techniques, Six Sigma, and continuous improvement methodologies.

4. Business Analytics: This course teaches you how to use data to make better business decisions. It covers data mining, predictive modeling, and optimization techniques used in operations.

## Majors related to Production and Operations Management

1. Business Administration: Covers a broad range of business topics including finance, marketing, and management. Operations management is a key component of this versatile degree.

2. Industrial Engineering: Focuses on optimizing complex processes and systems. Students learn to design, improve, and implement integrated systems of people, materials, and equipment.

3. Supply Chain Management: Specializes in managing the flow of goods and services. Students learn about logistics, procurement, and distribution in global supply chains.

4. Management Information Systems: Combines business and technology, teaching students how to use information systems to improve business processes and decision-making.

## What can you do with a degree in Production and Operations Management?

1. Operations Manager: Oversees the production of goods or services in an organization. They ensure that operations are efficient in terms of using as few resources as needed while meeting customer requirements.

2. Supply Chain Analyst: Examines and optimizes the flow of materials, information, and finances as they move from supplier to manufacturer to wholesaler to retailer to consumer. They use data analysis to improve efficiency and reduce costs.

3. Quality Control Manager: Ensures that products or services meet specified standards of quality. They develop quality control systems, train staff on quality standards, and work to continuously improve product quality.

4. Business Consultant: Provides expert advice to organizations to help them improve their performance. They might specialize in operations, analyzing current practices and recommending improvements.

## Production and Operations Management FAQs

1. How much math is involved in this course? There's a fair amount of math, mostly statistics and basic calculus. Don't worry though, it's more about applying concepts than complex calculations.

2. Can I use what I learn in this class for my own small business? Absolutely! The principles of operations management apply to businesses of all sizes, helping you streamline processes and boost efficiency.

3. Is this course relevant for service industries or just manufacturing? It's relevant for both. While some concepts originated in manufacturing, they're now widely applied in service industries too, from healthcare to hospitality.

4. How does this course relate to sustainability in business? Great question! Many operations management principles, like lean production and efficiency optimization, directly contribute to more sustainable business practices by reducing waste and resource use.

Business Management

1.1 Strategic role of operations

1.2 Competitive priorities

1.3 Order winners and qualifiers

1.4 Operations strategy formulation

1.6 Performance measurement

1.5 Global operations strategy

2.4 Design for manufacturability

2.1 New product development process

2.5 Modular design

2.6 Product lifecycle management

2.2 Service design

2.3 Quality function deployment

3.1 Process types

3.2 Process flowcharting

3.3 Process reengineering

3.4 Bottleneck analysis

3.5 Cycle time reduction

3.6 Automation in processes

4.1 Capacity measurement

4.2 Capacity strategies

4.3 Economies and diseconomies of scale

4.5 Aggregate planning

4.6 Yield management

4.4 Capacity utilization

5.1 Facility location factors

5.2 Location analysis techniques

5.3 Layout types

5.4 Layout design methods

5.5 Warehouse design

5.6 Material handling systems

6.1 Supply chain strategy

6.2 Supplier selection and evaluation

6.6 Supply chain integration

6.3 Procurement and outsourcing

6.5 Bullwhip effect

6.4 Distribution network design

7.1 Inventory types and costs

7.6 Vendor managed inventory

7.2 Economic order quantity (EOQ)

7.5 ABC analysis

7.4 Reorder point systems

7.3 Safety stock

8.1 Total quality management

8.2 Six Sigma

8.5 Quality improvement tools

8.6 ISO 9000 standards

8.4 Acceptance sampling

8.3 Statistical process control

9.1 Project lifecycle

9.2 Work breakdown structure

9.6 Project risk management

9.5 Resource allocation

9.3 Critical path method

9.4 PERT

10.1 Lean principles

10.2 Value stream mapping

10.3 Just-in-Time production

10.4 Kanban systems

10.5 5S methodology

10.6 Continuous improvement

11.3 Regression analysis

11.4 Forecast accuracy measures

11.5 Collaborative planning, forecasting, and replenishment

11.1 Qualitative forecasting methods

11.6 Demand shaping

11.2 Time series analysis

12.2 Material requirements planning

12.3 Job shop scheduling

12.4 Theory of constraints

12.5 Enterprise resource planning

12.6 Manufacturing execution systems

12.1 Master production scheduling

Browse all Production and Operations Management Key Terms

About Us

Resources

Stay Connected

© 2024 Fiveable Inc. All rights reserved.

AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.

About Us

Resources

© 2024 Fiveable Inc. All rights reserved.

AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.

Back

Next