Why Operations Management Students Need Flashcards
Operations management combines quantitative analysis with strategic thinking. You need to master formulas like EOQ and cycle time calculations, understand frameworks like lean and Six Sigma, and apply them to real supply chain and manufacturing scenarios. Flashcards bridge the gap between conceptual understanding and practical application.
Key Areas for Flashcard Focus
- Formulas: EOQ, reorder point, safety stock, cycle time, takt time, throughput, utilization rate
- Frameworks: Lean (7 wastes/TIM WOOD), Six Sigma (DMAIC), TQM, Theory of Constraints
- Supply Chain: Bullwhip effect, vendor-managed inventory, cross-docking, postponement strategy
- Project Management: Critical path method, PERT analysis, resource leveling, earned value management
Organizing Your Operations Management Deck
- Process Design & Supply Chain: Process types, layout strategies, SCM concepts (35-45 cards)
- Inventory & Quality: EOQ, JIT, ABC analysis, TQM, Six Sigma, control charts (30-40 cards)
- Project Management: CPM, PERT, Gantt charts, resource scheduling (25-35 cards)
- Lean & Forecasting: Waste elimination, kaizen, demand forecasting methods (20-30 cards)