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2021-02-10 21:51:57
30-Day Money-Back Guarantee
Business Operations Business Process Management

Operations Management Foundations: Essential Training

Operational Excellence - Supply Chain Management - Lean and Business Process Management Skills - Essential Lean Tools
Rating: 4.5 out of 54.5 (160 ratings)
4,997 students
Created by Nikola Sretenovic
Last updated 1/2021
English
English [Auto]
30-Day Money-Back Guarantee

What you'll learn

  • Understand how business operate and be able to run efficient operations
  • Help you to understand accounting and to read and interpret key financial statements
  • Understand LEAN business processes
  • Understand forecasting and be able to create a forecast in Excel
  • Lead a team through a continuous improvement project
  • Be able to do inventory management in Excel
  • Increase profitability: reduce waste, use resources efficiently and improve delivery

Requirements

  • Desire to improve your business operations
  • Some knowledge and understanding of statistics, mathematics and Excel

Description

Hi there, my name is Nikola Sretenovic.

I am an Operations Management Professional in the largest Oil and Gas service company with extensive hand-on experience from Lean Six Sigma and Maintenance and Reliability and Oil and Gas educational background.

Are you interested in how companies operate? Business process management? Starting your own company? Planning a career change?
In this course I will teach you everything you need to know about starting with Operations Management and various methods to discover, model, analyze, measure, improve, optimize business processes.

  • Obi: "The course is an eye opener to what I am already doing but having a better definition makes it more understanding and interesting"

This course is for beginners. Whether you are currently promoted into position from another field and need to get up and running fast, or you are a student planning to take operations management course.

I will show you how to identify the operations systems and use operations management tools and concepts to improve your company's productivity, increase efficiency, remove waste and deliver great products to customers at great price.

The Operations Management Foundations course is covering all aspects of operations management including:

  • Supply chain management

  • Business processes

  • Accounting basics

    • Balance sheet

    • Income statement

    • Cash flow statement

    • Learn how to interpret income statement

  • Forecasting and how to do it in Excel (downloadable file included)

  • How to handle inventory

    • How to balance inventory

    • Understand true cost of inventory

    • How to forecast demand

  • How to manage bottlenecks

  • Lean management and essential Lean Tools

    • DMAIC

    • Kaizen

    • 5S

    • How to deal with waste

    • How to overcome problems

For this Foundations course you will need to set aside about two hours for video lessons, examples and quizzes.

  • Petar: "Highly recommended course. Easy to understand, informative and very well organized. The course is full of practical examples and valuable materials for anyone who wants to enhance their skills. Really enjoyed it. Thank you, Nikola!"

If you have never worked in Operations Management, follow me and by the end of the course you will have understanding of the processes and tools to help you improve operations in your company.

Who this course is for:

  • Beginners and New Managers
  • People who want to make a greater impact at work, improve things and get noticed
  • Maintenance and Reliability Engineers
  • Managers, Consultants, Supervisors, Engineers, Planners & Analysts
  • Lean Practitioners
  • People that want to become an authority in their workplace on business operations management

Featured review

Petar Nikolić
Petar Nikolić
1 course
1 review
Rating: 5.0 out of 58 months ago
Highly recommended course. Easy to understand, informative and very well organized. The course is full of practical examples and valuable materials for anyone who wants to enhance their skills. Really enjoyed it. Thank you, Nikola!

Course content

7 sections • 44 lectures • 2h 17m total length

  • Preview02:24

  • Preview02:08
  • What is supply chain management?
    03:44
  • What is value and why is it important?
    02:11
  • Relevance of productivity
    01:53
  • Importance of good management
    03:13
  • Preview02:34
  • Preview04:00
  • Chapter Notes
    01:19
  • Chapter Quiz
    4 questions

  • Key financial statements
    01:33
  • Balance sheet
    01:54
  • Income statement
    01:59
  • Interpreting the income statement
    02:03
  • Cash flow statement
    01:50
  • Chapter Notes
    01:23
  • Chapter Quiz
    4 questions

  • To manage is to plan
    01:11
  • Select the production process
    01:20
  • Reduction of customer flow time
    00:53
  • Manage bottlenecks
    01:36
  • Ten principles of supply chain management
    08:34
  • Chapter Notes
    01:03
  • Chapter Quiz
    3 questions

  • What is inventory?
    02:01
  • Balancing inventory
    01:22
  • True cost of inventory
    01:04
  • Forecasting basics
    02:22
  • Forecasting: how to do it?
    02:11
  • How to Forecast in Excel 2016 - step by step guide
    17:44
  • Inventory management
    01:26
  • Inventory Management in Excel
    17:12
  • Chapter Notes
    01:20
  • Chapter Quiz
    2 questions

  • What is lean?
    01:54
  • Focusing on quality
    02:31
  • Introduction to DMAIC
    01:32
  • Define phase
    08:21
  • Measure phase
    02:38
  • Analyze phase
    05:16
  • Improve phase
    01:55
  • PCE and Little's Law
    00:45
  • Control phase
    02:06
  • Kaizen
    01:22
  • Waste
    02:00
  • How to deal with waste
    05:18
  • Overcoming problems
    04:25
  • Chapter notes
    01:47
  • Chapter Quiz
    3 questions

  • Final Test
    28 questions

Instructor

Nikola Sretenovic
Operations Management Professional
Nikola Sretenovic
  • 4.5 Instructor Rating
  • 160 Reviews
  • 5,005 Students
  • 1 Course

Seasoned Operations Management Professional with a Petroleum Engineering background and 12+ years of experience in Oil & Gas, NGO and IT environments.

Recognized for demonstrating a natural aptitude for creating and optimizing effective work processes, with verifiable history of contributing directly to project success throughout career consistently exceeded budgetary and performance goals, achieving maximum operational output with minimal resource expenditure.

Professional focal points include strategic planning and execution, service and logistics coordination, resource allocation, quality assurance, cross-functional team leadership, complex problem-solving, client relationship management, and project management.

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