What Is Design Management?
April 17, 2024
Article
This course is part of Business Foundations Specialization
Instructor: Christian Terwiesch
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(2,737 reviews)
(2,737 reviews)
You will learn to analyze processes, optimize flow, and manage variability, driving improvements and achieving excellence in operations management.
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This comprehensive course delves into operations management and process improvement principles and techniques, providing you with the knowledge and skills necessary to identify and eliminate inefficiencies in your organization. You will gain a solid foundation in operations management by analyzing key concepts such as cost-quality trade-offs, the efficiency frontier, and system inhibitors.
Get ready to delve into process analysis, where you'll identify and analyze steps in a process, implementing changes for enhanced outcomes. With practical exercises, including creating process flow diagrams and capacity calculations, you'll strengthen your analytical skills firsthand. Experience the power of optimizing flow within operations as you uncover waste sources and design efficient processes for maximum output, reduced costs, and heightened customer satisfaction. An in-depth exploration of Little's Law will equip you to make informed decisions on capacity planning and process improvements, optimizing inventory levels, reducing lead times, and enhancing supply chain coordination. Additionally, you'll learn to effectively manage variability, laying the groundwork for consistent and exceptional quality standards. Statistical analysis, problem-solving methodologies, and real-time information utilization will empower you to tackle issues, find root causes, and foster continuous improvement. Throughout the course, the focus remains on driving improvements and achieving excellence. Analyze, improve, and reimagine how work gets done, armed with the necessary tools and frameworks to enhance work processes across diverse industries. Join this course to analyze, improve, and reimagine how work gets done and to acquire the necessary tools and knowledge to make meaningful improvements in your organization's operations.
At its core, operations management is about finding and then reducing inefficiencies. We will start by examining key concepts such as cost-quality trade-off, the efficiency frontier, and three system inhibitors. We will also explore process analysis, enabling you to identify and analyze the steps involved in a process and make changes to improve its outcomes. By the end of this module, you will have opportunities to practice these concepts by creating process flow diagrams and calculating the resource with the lowest capacity. Additionally, you'll be able to practice calculating capacity, flow rate, and utilization. You will be able to transfer these skills to initiate process analysis within your organization.
6 videos4 readings3 assignments
In operations management, flow focuses on the movement of materials, products, and information through the various stages of a production or service process. Lean operations focus on identifying sources of waste both in terms of resources and processes. Optimizing flow can improve productivity, reduce costs, and enhance customer satisfaction. By learning to carefully observe how work is done, we can become better at identifying waste. The goal is to create efficient and effective processes that maximize output while minimizing waste.
10 videos4 readings2 quizzes4 assignments
Little's Law, a foundational concept in operations management, helps quantify and evaluate the efficiency and effectiveness of a system by providing key performance indicators. By understanding the relationship between inventory, arrival rate, and cycle time, managers can make informed decisions regarding capacity planning. Little’s Law also serves as a diagnostic tool for process improvement initiatives and is particularly valuable in supply chain management, where it enables companies to optimize inventory levels, reduce lead times, and enhance coordination among various stages of the supply chain. It helps strike a balance between supply and demand, improving overall responsiveness and customer service.
4 videos2 readings3 assignments
Variability can introduce defects and hinder the pursuit of excellence. By recognizing and managing variability, organizations can lay the foundation for consistent and exceptional quality standards. This module introduces frameworks that provide systematic ways to analyze variability. We’ll look at how statistical analysis and problem-solving methodologies can enhance quality. We’ll also explore the power of real-time information and how it fosters continuous improvement. We’ll examine strategies for finding the root cause of an issue and explore how we might develop targeted solutions as we unravel complex problems.
7 videos2 readings1 quiz1 assignment
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The University of Pennsylvania (commonly referred to as Penn) is a private university, located in Philadelphia, Pennsylvania, United States. A member of the Ivy League, Penn is the fourth-oldest institution of higher education in the United States, and considers itself to be the first university in the United States with both undergraduate and graduate studies.
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Reviewed on Nov 27, 2019
The Course is very useful with lots of operational improvement concepts. The difficult part is problem solving, it is too numerical in nature. Overall experience is good.
Reviewed on Aug 24, 2020
Great Instruction by Prof Christian - very lucid and with real world examples. Learning a business skill is mostly learning observation.. Now I know what to observe when looking for productivity!
Reviewed on Sep 12, 2024
Concepts very well explained by the professor. The explanations were in simple and easy to understand language, with real life examples. That made the course very interesting. Thanks.
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