The Elements of a Good Operations Management System

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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TIME INDEX:

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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BIO:

Justin A. Goodbread, CFP®, CEPA, CVGA, is a nationally recognized financial planner, business educator, wealth manager, author, speaker, and entrepreneur. He has 20+ years of experience teaching small business owners how to start, buy, grow, and sell businesses. He is a multi-year recipient of the Investopedia Top 100 Advisor and 2018 Exit Planning Institute’s Exit Planner Leader of the Year.

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