Dec 20, 2018
In episode 118 of Financially Simple, Justin looks at what makes for a Good Operations Management System.
A Business’s Management Systems are the fundamental processes that keep a Business running on track. Justin goes over the five core elements of a good and efficient Operations Management System.
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00:23 - The Elements of a Good Operations Management System
00:29 - Clearing out the Chicken Coop
03:13 - The Five Elements
04:22 - 1. Processes and Procedures
05:49 - Streamlining
07:11 - 2. Roles and Responsibilities
08:39 - 3. Tools
12:45 - How much are you wasting?
13:15 - 4. Risk and Safety Controls
15:28 - 5. Metrics and Reporting
16:26 - Baseline Capacity vs. Demand Requirements
18:40 - Reporting Frequency
19:06 - Summary
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