Advising and Support Center - COB 300C Learning Objectives
Upon completion of the course, students will have basic skills in the following operations & supply chain management areas:
1. Resource Management
- Be able to identify an appropriate inventory management system for a service business
- Be able to determine the proper scale for a business operation given a demand forecast
- Be able to describe the point in time (in terms of sales volume) that a business breaks even or achieves a desired level of profit
2. Process Management
- Be able to develop a process flow diagram for a business and identify key potential points of failure
- Be able to propose systems that minimize risk of failure at critical points in a process
- Be able to clearly articulate the importance of the “line of visibility”
3. Product/Service Development
- Be able to determine the type of product/service (standardized or customized) that is appropriate for a given business venture
- Be able to determine the proper finished goods inventory policy for a business (i.e., make-to-order versus make-to-stock)
- Be able to determine the proper process technology for a given business venture given their product/service offering and finished goods inventory policy
4. Quality
- Be able to identify the most appropriate control chart for a given service operation
- Be able to determine whether or not a process is out of control, given a control chart with upper and lower control limits identified
- Be able to apply various “total quality management” techniques in a real-life business venture
- Be able to define good quality in a particular business operation
- Be able to describe why quality is an “order qualifier” in today’s competitive environment
5. Order Fulfillment
- Illustrate how a firm can achieve value through effective supply chain management
- Utilize skills from statistics courses to determine probability of “shipping from stock.” Propose systems that minimize risk of stock-out
- Be able to determine the appropriate level of inventory, given competitive priorities for a firm (i.e., cost, quality, delivery reliability, flexibility, speed)
- Be able to effectively utilize project management in order to determine the time a major project should take
- Utilizing skills from statistics courses to determine probability of completing customer project within various times/be able to propose a time quote for a project such that there is limited probability (e.g., 5 percent) of exceeding that time