Manage episode 223720853 series 1923829
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.
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
Neither Financially Simple, LLC nor its affiliates offer tax or legal advice. Interested parties are strongly encouraged to seek advice from qualified tax and/or legal experts regarding the best options for your particular circumstances. Justin Goodbread, CEO of Heritage Investors, LLC, a Registered Investment Advisor, is an Investment Advisor Representative who offers advisory services through Heritage Investors. The information contained within the podcast is for informational purposes only and not considered investment advice. Seek help from a competent Financial Advisor.
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