The Elements of a Good Operations Management System

22:32
 
Share
 

Manage episode 223720853 series 1923829
By Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio streamed directly from their servers.

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.

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

USEFUL LINKS:

Financially Simple

Financially Simple on YouTube

Financially Simple on Facebook

Financially Simple on Twitter

DISCLAIMER:

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.

149 episodes available. A new episode about every 3 days averaging 17 mins duration .