
Explore the basics of production and operations management, its decision framework, the Aida framework, and how marketing, sales, production, finance, and HR interrelate to convert inputs into customer value.
improve cost efficiency, quality, and responsiveness by aligning production with customer demand through pull systems, while balancing products and services and upholding social responsibilities.
Explore the Toyota production system and lean manufacturing fundamentals, including just-in-time, jidoka, waste reduction, and kaizen for continuous improvement and standard work.
Explain the basics of lean principles and the Toyota Production System, and show how lean applications optimize working capital from demand planning to cash collection while meeting customer demand.
This course is focused towards telling the audience about the basic building blocks of Production, operations, Lean managements and how this ties to effective management of working capital for the organization. Practical applications and growth of the production processes and application of lean forms the basis of this course. With this course you will understand how lean has been applied to the production processes in an organization and the focus of the growth of working capital in organization for the benefit of all. With the change in Production practices from Job to Batch to Flow processes, it was critical to continuously evolve and use the resources in an effective and efficient manner - With this course I am trying to paint this storyline of how production processes evolved and how as a student or working professional, we need to inculcate this in our day to day practices. At the end of this course, i intend the students to understand the meaning of Production, Operation, Service Industry, Lean management, Working capital, and practical applications of these in any organization - IT, Software, Fast moving consumer goods, Pharmaceuticals, Services. This is the first in the series of courses. This course will form the base of all the basic definitions and understandings.