Eddie Davilla walks you through the key considerations for making purchases and shows you that it's much more than just price.
- Do you get your drinking water out of the faucet, … or do you buy bottled water? … Let's say you buy bottled water. … How do you buy it? … Cases of 24 bottles, one gallon jugs, … or maybe you refill a five gallon container … at a water station. … Let's keep it simple and say you buy the one gallon jugs. … How many would you buy at a time? … Well, first, you probably need … to know how much water is needed at your house each day. … Let's say your household goes through one gallon per day. … Okay, now we know the demand. … How many would you buy at a time? … Five at a time? … Maybe seven? … But why not get all the water you need … at one time for the year? … Why not get 365 gallons of water at once? … Let's explore that really odd option. … What would have to happen? … Get to the store and grab a cart. … Well, probably a convoy of carts. … Pay for it, that'll hurt. … Hundreds of dollars out of your pocket … at once for some water … that you won't drink for almost a year. … Get it into your car. …
- Understanding operations management
- Making key inventory decisions
- Balancing holding costs and ordering costs
- Choosing a production strategy and facility layout
- Managing waiting-line systems
- Defining quality and improving quality
- Managing business processes
Skill Level Intermediate
1. Introduction to Operations
2. Managing Inventory Basics
3. Making Products and Services
4. Managing Waiting Lines Basics
5. Quality Control Basics
6. Operations at the Office
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