Laurence Gartside
Laurence Gartside
  • Видео 314
  • Просмотров 562 552
What is a “good” Inventory Turnover?
This video looks at a few different Inventory Turnover formulae and some general industry benchmarks for Inventory Turnover in your organization.
𝐅𝐫𝐞𝐞 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝𝐚𝐛𝐥𝐞 𝐏𝐃𝐅 - 10 𝐬𝐭𝐞𝐩𝐬 𝐭𝐨 𝐏𝐫𝐨𝐩𝐞𝐥 𝐲𝐨𝐮𝐫 𝐂𝐚𝐫𝐞𝐞𝐫 𝐢𝐧 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭
rowtonstraining.com/propel-your-career-in-operations-management/
𝐅𝐑𝐄𝐄 𝐌𝐢𝐧𝐢 𝐕𝐢𝐝𝐞𝐨 𝐂𝐨𝐮𝐫𝐬𝐞 - *𝐓𝐡𝐞 𝐅𝐨𝐫𝐠𝐨𝐭𝐭𝐞𝐧 𝐅𝐮𝐧𝐝𝐚𝐦𝐞𝐧𝐭𝐚𝐥𝐬 𝐨𝐟 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭*
📚 rowtonstraining.com/om-forgotten-fundamentals/
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💻🌐 𝐒𝐞𝐥𝐟-𝐒𝐭𝐮𝐝𝐲 𝐎𝐧𝐥𝐢𝐧𝐞 𝐓𝐫𝐚𝐢𝐧𝐢𝐧𝐠 𝐂𝐨𝐮𝐫𝐬𝐞𝐬🚀💯:
📊 𝐎𝐏𝐄𝐑𝐀𝐓𝐈𝐎𝐍𝐒 𝐌𝐀𝐍𝐀𝐆𝐄𝐌𝐄𝐍𝐓 𝐀-𝐙
🔗 rowtonstraining.com/course/operations-management-a-z-business-processes-and-systems/
🏭 𝐋𝐄𝐀𝐍 𝐌𝐀𝐍𝐔𝐅𝐀𝐂𝐓𝐔𝐑𝐈𝐍𝐆 𝐀-𝐙
🔗 rowtonstraining.com/course/lean-manufacturing-a-z-lean-operations-management/
🚚 𝐒𝐔𝐏𝐏𝐋𝐘 𝐂𝐇𝐀𝐈𝐍 𝐌𝐀𝐍𝐀𝐆𝐄𝐌𝐄...
Просмотров: 4

Видео

How to calculate Days Payable Outstanding
Просмотров 2316 часов назад
This video looks at the definition of Days Payable Outstanding (DPO) in detail, and the Days Payable Outstanding formula. Watch on to learn more about this important calculation and how it contributes to an organization’s Cash Conversion Cycle. 𝐅𝐫𝐞𝐞 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝𝐚𝐛𝐥𝐞 𝐏𝐃𝐅 - 10 𝐬𝐭𝐞𝐩𝐬 𝐭𝐨 𝐏𝐫𝐨𝐩𝐞𝐥 𝐲𝐨𝐮𝐫 𝐂𝐚𝐫𝐞𝐞𝐫 𝐢𝐧 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 rowtonstraining.com/propel-your-career-in-operations-management/ 𝐅𝐑𝐄𝐄 𝐌𝐢...
Capital Employed, Working Capital & Inventory in Supply Chain & Operations Management
Просмотров 2914 дней назад
𝐅𝐫𝐞𝐞 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝𝐚𝐛𝐥𝐞 𝐏𝐃𝐅 - 10 𝐬𝐭𝐞𝐩𝐬 𝐭𝐨 𝐏𝐫𝐨𝐩𝐞𝐥 𝐲𝐨𝐮𝐫 𝐂𝐚𝐫𝐞𝐞𝐫 𝐢𝐧 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 rowtonstraining.com/propel-your-career-in-operations-management/ 𝐅𝐑𝐄𝐄 𝐌𝐢𝐧𝐢 𝐕𝐢𝐝𝐞𝐨 𝐂𝐨𝐮𝐫𝐬𝐞 - *𝐓𝐡𝐞 𝐅𝐨𝐫𝐠𝐨𝐭𝐭𝐞𝐧 𝐅𝐮𝐧𝐝𝐚𝐦𝐞𝐧𝐭𝐚𝐥𝐬 𝐨𝐟 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭* 📚 rowtonstraining.com/om-forgotten-fundamentals/ . . . . 💻🌐 𝐒𝐞𝐥𝐟-𝐒𝐭𝐮𝐝𝐲 𝐎𝐧𝐥𝐢𝐧𝐞 𝐓𝐫𝐚𝐢𝐧𝐢𝐧𝐠 𝐂𝐨𝐮𝐫𝐬𝐞𝐬🚀💯: 📊 𝐎𝐏𝐄𝐑𝐀𝐓𝐈𝐎𝐍𝐒 𝐌𝐀𝐍𝐀𝐆𝐄𝐌𝐄𝐍𝐓 𝐀-𝐙 🔗 rowtonstraining.com/course/operations-managem...
What is “Days Sales Outstanding”?
Просмотров 2921 день назад
Watch this video for a comprehensive definition of Days Sales Outstanding (DSO) and how it fits into the formula for calculating the Cash Conversion Cycle. 𝐅𝐫𝐞𝐞 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝𝐚𝐛𝐥𝐞 𝐏𝐃𝐅 - 10 𝐬𝐭𝐞𝐩𝐬 𝐭𝐨 𝐏𝐫𝐨𝐩𝐞𝐥 𝐲𝐨𝐮𝐫 𝐂𝐚𝐫𝐞𝐞𝐫 𝐢𝐧 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 rowtonstraining.com/propel-your-career-in-operations-management/ 𝐅𝐑𝐄𝐄 𝐌𝐢𝐧𝐢 𝐕𝐢𝐝𝐞𝐨 𝐂𝐨𝐮𝐫𝐬𝐞 - *𝐓𝐡𝐞 𝐅𝐨𝐫𝐠𝐨𝐭𝐭𝐞𝐧 𝐅𝐮𝐧𝐝𝐚𝐦𝐞𝐧𝐭𝐚𝐥𝐬 𝐨𝐟 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭* 📚 rowtonstraining...
Roller Coaster Utilization - Operations Management
Просмотров 2021 день назад
Exploring roller coaster utilization from an operations perspective. 🎢 𝐅𝐫𝐞𝐞 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝𝐚𝐛𝐥𝐞 𝐏𝐃𝐅 - 10 𝐬𝐭𝐞𝐩𝐬 𝐭𝐨 𝐏𝐫𝐨𝐩𝐞𝐥 𝐲𝐨𝐮𝐫 𝐂𝐚𝐫𝐞𝐞𝐫 𝐢𝐧 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 rowtonstraining.com/propel-your-career-in-operations-management/ 𝐅𝐑𝐄𝐄 𝐌𝐢𝐧𝐢 𝐕𝐢𝐝𝐞𝐨 𝐂𝐨𝐮𝐫𝐬𝐞 - *𝐓𝐡𝐞 𝐅𝐨𝐫𝐠𝐨𝐭𝐭𝐞𝐧 𝐅𝐮𝐧𝐝𝐚𝐦𝐞𝐧𝐭𝐚𝐥𝐬 𝐨𝐟 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭* 📚 rowtonstraining.com/om-forgotten-fundamentals/ . . . . 💻🌐 𝐒𝐞𝐥𝐟-𝐒𝐭𝐮𝐝𝐲 𝐎𝐧𝐥𝐢𝐧𝐞 𝐓𝐫𝐚𝐢𝐧𝐢𝐧𝐠 𝐂𝐨𝐮𝐫𝐬𝐞𝐬🚀💯: 📊 𝐎𝐏...
Strategic Demand Management Decisions
Просмотров 6328 дней назад
There are many choices that can be made internally in an organization to improve the predictability and evenness of demand. Resisting over-production, not overreacting to changes and considering a build-to-order model are just a few methods of internal demand management. Watch on to learn more. 𝐅𝐫𝐞𝐞 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝𝐚𝐛𝐥𝐞 𝐏𝐃𝐅 - 10 𝐬𝐭𝐞𝐩𝐬 𝐭𝐨 𝐏𝐫𝐨𝐩𝐞𝐥 𝐲𝐨𝐮𝐫 𝐂𝐚𝐫𝐞𝐞𝐫 𝐢𝐧 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 rowtonstraining.com/p...
Restaurant Mastery - An Operations Manager's Big Day Out
Просмотров 41Месяц назад
Explore the essence of efficiency during a client site visit. Witness the power of streamlined processes as wait times diminish through strategic pre-ordering. Reflect on the profound benefits of efficiency and consider its impact on operational performance. Join the journey towards productivity and continuous improvement. 𝐅𝐫𝐞𝐞 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝𝐚𝐛𝐥𝐞 𝐏𝐃𝐅 - 10 𝐬𝐭𝐞𝐩𝐬 𝐭𝐨 𝐏𝐫𝐨𝐩𝐞𝐥 𝐲𝐨𝐮𝐫 𝐂𝐚𝐫𝐞𝐞𝐫 𝐢𝐧 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬 𝐌𝐚𝐧...
What is the Cash to Cash Conversion Cycle?
Просмотров 33Месяц назад
What is the Cash to Cash Conversion Cycle?
Constraint vs Bottleneck - Operations Management Essentials
Просмотров 48Месяц назад
Constraint vs Bottleneck - Operations Management Essentials
How to Calculate the "Cash Conversion Cycle"
Просмотров 40Месяц назад
How to Calculate the "Cash Conversion Cycle"
What's your Capacity Profile?! - Operations Productivity
Просмотров 33Месяц назад
What's your Capacity Profile?! - Operations Productivity
How to Calculate "Inventory Turnover" and "Days Inventory Outstanding"
Просмотров 101Месяц назад
How to Calculate "Inventory Turnover" and "Days Inventory Outstanding"
Not just Manufacturing! - Operations Management for every industry
Просмотров 552 месяца назад
Not just Manufacturing! - Operations Management for every industry
How does inventory management affect cash flow?
Просмотров 572 месяца назад
How does inventory management affect cash flow?
How to Calculate Customer Lead Time
Просмотров 732 месяца назад
How to Calculate Customer Lead Time
Flexibility, resilience and risk
Просмотров 502 месяца назад
Flexibility, resilience and risk
What's "The Goal"? - Business Operations Management & The Theory of Constraints (TOC)
Просмотров 502 месяца назад
What's "The Goal"? - Business Operations Management & The Theory of Constraints (TOC)
The 7 Most Important Aspects of Supply Chain Performance
Просмотров 2722 месяца назад
The 7 Most Important Aspects of Supply Chain Performance
13 Areas of Supply Chain and Operations Performance
Просмотров 462 месяца назад
13 Areas of Supply Chain and Operations Performance
Capacity vs Sales Constrained - Which one is your business operations?
Просмотров 662 месяца назад
Capacity vs Sales Constrained - Which one is your business operations?
Vendor Managed Inventory and Vertical Integration
Просмотров 462 месяца назад
Vendor Managed Inventory and Vertical Integration
Toilet Operational Capacity - An Operations Manager's Big Day Out
Просмотров 502 месяца назад
Toilet Operational Capacity - An Operations Manager's Big Day Out
Influence Customer Ordering Behaviour - Demand Management
Просмотров 482 месяца назад
Influence Customer Ordering Behaviour - Demand Management
Internal and External Demand Management
Просмотров 853 месяца назад
Internal and External Demand Management
Coping with a big customer order - demand and capacity management
Просмотров 873 месяца назад
Coping with a big customer order - demand and capacity management
Reduce Costs or Increase Capacity? - Operations Management Decisions
Просмотров 473 месяца назад
Reduce Costs or Increase Capacity? - Operations Management Decisions
Balancing complementary metrics in supply chain performance
Просмотров 713 месяца назад
Balancing complementary metrics in supply chain performance
How to Measure Output and Value
Просмотров 883 месяца назад
How to Measure Output and Value
Operational Systems at the Adventure Park - An Operations Manager's Big Day Out
Просмотров 634 месяца назад
Operational Systems at the Adventure Park - An Operations Manager's Big Day Out
The 3 most important financial metrics for your business
Просмотров 1724 месяца назад
The 3 most important financial metrics for your business

Комментарии

  • @mohammadibrahim-om9qe
    @mohammadibrahim-om9qe 4 дня назад

    Great content. Very smooth explaining for all concepts. Excellent content

    • @LaurenceGartside
      @LaurenceGartside День назад

      Thank you for the appreciation! Hope it helped!

    • @mohammadibrahim-om9qe
      @mohammadibrahim-om9qe День назад

      @@LaurenceGartside Dear Laurence, if you don't mind, I need your help. Currently I am looking to switch my career (12 years as field engineer in oil and gas industry) to consulting. I am passionate about problem solving. I need your guide please

  • @aarshtrivedi5987
    @aarshtrivedi5987 7 дней назад

    Is it any software or tool for analysis?

    • @LaurenceGartside
      @LaurenceGartside День назад

      Sorry i dont have any software tools i recommend on this particular subject

    • @aarshtrivedi5987
      @aarshtrivedi5987 День назад

      @@LaurenceGartside okay, so basically it's just theoretical way ?

  • @WijthaGayan
    @WijthaGayan 12 дней назад

    Thank you

    • @LaurenceGartside
      @LaurenceGartside 9 дней назад

      You're welcome! And thank you so much for your support! If you know anyone who could benefit from my videos, I’d really appreciate it if you could share my channel with them. Your help in reaching more people means a lot!

  • @dominique3120
    @dominique3120 14 дней назад

    Hello Laurence, Thank you so much for your very informative videos. I signed up for your newsletter and the free mini-training. However, the link received leads to a page that does not seem to exist? Can you help me (and possibly others) get in, please? Much appreciated!

    • @LaurenceGartside
      @LaurenceGartside 9 дней назад

      Hi @dominique3120 , thank you for reaching out and for your kind words! I apologize for the issue with the link. Could you please try the link again? If it still doesn't work, let me know, and I'll make sure to get it sorted out for you. Thanks for your patience!

    • @LaurenceGartside
      @LaurenceGartside 9 дней назад

      If you know anyone who could benefit from my videos, I’d really appreciate it if you could share my channel with them. Your help in reaching more people means a lot!

    • @dominique3120
      @dominique3120 9 дней назад

      @@LaurenceGartside I most certainly will!

    • @dominique3120
      @dominique3120 8 дней назад

      ​@@LaurenceGartsideWorking fine now, thank you!

  • @dollyanngiddings8548
    @dollyanngiddings8548 18 дней назад

    I’m venturing into operations management role and your contents are very helpful.

    • @LaurenceGartside
      @LaurenceGartside 9 дней назад

      Thank you! I'm glad you find the content helpful. Best of luck with your journey into operations management-you're going to do great!

    • @LaurenceGartside
      @LaurenceGartside 9 дней назад

      Thank you so much for your support! If you know anyone who could benefit from my videos, I’d really appreciate it if you could share my channel with them. Your help in reaching more people means a lot!

  • @aryousithapa3692
    @aryousithapa3692 19 дней назад

    Good explanation

  • @Cricketer-007
    @Cricketer-007 24 дня назад

    Very well explained. Thank you sir.

  • @Mpho-i1f
    @Mpho-i1f 28 дней назад

    You must do more for us please

  • @nandishchinnu395
    @nandishchinnu395 Месяц назад

    Thank you sir, today i cleared interview from this

  • @user-zi3ml5pc7v
    @user-zi3ml5pc7v Месяц назад

    Thank you very much sir for this brilliant idea , it was massive and helpfull, Sir help me on the ROLE OF HOTEL OWNER? My husband is opening a luxury hotel for me... , and am going to be the hotel owner.

  • @mukombozirigobert7026
    @mukombozirigobert7026 Месяц назад

    Absolutely amazing Presentation. I really enjoyed viewing your impartation of Knowledge.

  • @Hawkfeet
    @Hawkfeet Месяц назад

    Nice

  • @shadowtemple7426
    @shadowtemple7426 Месяц назад

    Thank you Laurence. I'm new to a warehouse manager role but so far your Udemy courses have been by go-to reference for learning. Thank you so much!! This video is important too. I try to have people spontaneously say that I was there best boss ever and I've gotten that feedback many times over now. Thank you very much!!

    • @LaurenceGartside
      @LaurenceGartside Месяц назад

      Hi @shadowtemple7426! Thank you so much for your kind words! I'm thrilled to hear that the Udemy courses have been helpful for your new warehouse manager role. It’s fantastic to know you’re getting such positive feedback as a boss-keep up the great work! If you think your friends, family, or colleagues might also benefit from the content, feel free to share the channel with them. And if you haven’t yet, don’t forget to subscribe and turn on notifications so you never miss a new video. Your support is greatly appreciated! Thanks again and have a wonderful day!

  • @muse5722
    @muse5722 Месяц назад

    Thanks for proviiding this series onto youtube for free!

    • @LaurenceGartside
      @LaurenceGartside Месяц назад

      Hi @muse5722 ! You’re very welcome! It’s my pleasure to share these resources with you. If you know anyone else who might benefit from the content, please feel free to invite them to check out the channel. And don’t forget to subscribe and hit the notification bell so you stay updated with the latest videos. Your support means a lot! Thanks again and have a great day!

  • @sage8639
    @sage8639 Месяц назад

    knowing about an operations manager is important if you in a hotel.

    • @LaurenceGartside
      @LaurenceGartside Месяц назад

      Hi @sage8639! Absolutely, understanding the role of an operations manager can be crucial in the hotel industry. It’s great to see you recognize its importance. If you know anyone who might find this information useful, feel free to share the video with them! And if you haven’t already, don’t forget to subscribe to the channel and turn on notifications for more insights and updates. Your support is greatly appreciated! Thanks for your comment and have a fantastic day!

  • @MrsMMurr
    @MrsMMurr Месяц назад

    Thank you for video

    • @LaurenceGartside
      @LaurenceGartside Месяц назад

      Hi MrsMMurr! You’re welcome! I’m glad you enjoyed the video. If you think others might find it useful, feel free to share it with them. And if you haven’t already, don’t forget to subscribe and hit the notification bell for more content! Thanks again for your support and have a wonderful day!

  • @rohannegi5916
    @rohannegi5916 Месяц назад

    Hello sir , I'm a student heading for the supply chain , can you help me in some measures , How can I take the right step in getting ahead..

  • @NicolasEspinosaTugues
    @NicolasEspinosaTugues Месяц назад

    great video. Thanks for this amazing video

  • @bluray76
    @bluray76 2 месяца назад

    Hopefully you see this. So I work for a medical device company and lately they’ve been ordering a lot of the same parts. So we have 5 pallets of 1 part,maybe 1 pallet gets pulled a week but they keep ordering 4 pallets of the same part every week. I have 2 rows of just 1 part. Dating back to 2022. Nobody says anything but we have to have 99% put away within 24 hours. I’m running out of space to keep it neat but boss wants me to just put away whenever then come on saturdays to fix it. Makes no sense. Plus they wanna add 2 more warehouses in our warehouse plus a small clean room. We also have parts that have serial numbers that need label on each board which takes a lot of time. Any suggestions to get through to the bosses?

    • @LaurenceGartside
      @LaurenceGartside День назад

      This sounds crazy indeed! The financial and operational consequences of blind, out-of-control ordering of excess parts on this scale should be more than obvious to any management. If they refuse to listen, I "would" have said that it will quickly become obvious to them when they see they now to buy even more warehouse space which is a sudden, especially obvious cost - but that doesnt seem to have triggered any alarms at all. It almost makes me wonder if there are some "crossed" motivations. Maybe someone "wants" to be a more important manager and is looking for a reason to expand the empire, or maybe the decision makers are just too far removed from the money spenders - in which case you may have some luck by showing the ultimate money spenders the scale and absurdity of the situation (although that could make you very unpopular with the distracted / blind / alternatively-incentivized managers....

  • @hustletvhhsn2016
    @hustletvhhsn2016 2 месяца назад

    All i can think is him saying operations mangers 1 more time 😅😂 ... its a gud video tho very indepth information 👌

    • @LaurenceGartside
      @LaurenceGartside Месяц назад

      Hi @hustletvhhsn2016! 😅😂 I’m glad you enjoyed the video and found the information in-depth! Sometimes saying "operations manager" a few times can be a good reminder of their importance. If you think others would benefit from it too, feel free to share the video! Don’t forget to subscribe and hit the notification bell for more content. Thanks for your feedback and have a great day!

  • @howardhofer8233
    @howardhofer8233 2 месяца назад

    Great video... Thanks.

    • @LaurenceGartside
      @LaurenceGartside Месяц назад

      Hi @howardhofer8233! Thank you for the kind words! I’m glad you enjoyed the video. If you think your friends or family might also find it useful, feel free to share it with them. Don’t forget to subscribe and hit the notification bell to stay updated with new content. Your support is much appreciated! Thanks again and have a fantastic day!

  • @johnemekwue1369
    @johnemekwue1369 2 месяца назад

    Hi, where can I find your 3 hours introductory operations management course?

    • @LaurenceGartside
      @LaurenceGartside День назад

      Hi John All links in the description. Hope you enjoy it!

  • @prakashtennyson4845
    @prakashtennyson4845 3 месяца назад

    Great explanation. Helped a lot with my semester exams!

    • @LaurenceGartside
      @LaurenceGartside Месяц назад

      Hi @prakashtennyson4845! 😊 I’m so glad to hear that the explanation was helpful for your exams! Best of luck with your semester-I’m sure you’ll do great. If you know anyone else who might benefit from the content, feel free to share the video. And don’t forget to subscribe and hit the notification bell for more helpful content. Thanks for your feedback and have a wonderful day!

  • @freedomovertyranny1512
    @freedomovertyranny1512 3 месяца назад

    How do I file a complaint against a freight forwarder?

  • @rq7694
    @rq7694 3 месяца назад

    Could you explain line balancing?

    • @LaurenceGartside
      @LaurenceGartside 3 месяца назад

      Whilst it might help reduce some costs in some situations, attempting line balancing is a blunt and typically ineffective approach to increasing capacity. Balance flow through the system, rather than trying to balance capacity.

  • @Lambdamale.
    @Lambdamale. 3 месяца назад

    Our operations manager basically sits in his office, talks about sports; when he gets ambitious he walks slowly around the yard like a sloth. He leaves work early.....Basically he just makes sure everyone under him is doing their job. But that doesn't mean he actually works. ....He has managers who do all the work. He manages the managers.

    • @LaurenceGartside
      @LaurenceGartside 3 месяца назад

      Whilst this particular example does not sound like the pinnacle of the profession - managing the manager's (effective delegation) and ensuring everything is working smoothly without issues are important roles and often signs that the "ship" is / operations are working well. By contract, an operations manager who continuously busy and stressed- chasing urgent issues is certainly not (by itself) a good indication that the operations are being run or led well. A big part of a ship captain's role is to just watch the horizon, plot courses on maps and ensure that we never get near the icebergs.

  • @hoochtube
    @hoochtube 3 месяца назад

    Could you do a video on absorption?

    • @LaurenceGartside
      @LaurenceGartside День назад

      Whilst i do have a whole course on inventory management, I dont cover that particular topic. I will say that "absorption costing" (when it comes to inventory management) causes alot of poor operational decisions. It is popular with the accountants but can encourage / hide some very bad operational behavious by allowing management to believe they are generating value "absorbed" into WIP or FGI inventory which is not yet sold. There should be a much stronger focus generating "throughput" (as defined by Goldratt and the "Theory of Constraints"). Throughput is only generated when inventory is "sold" to the customer. Hiding / Absorbing costs into inflating the book value of unsold inventory is not helping the business (even if it does help the accountants).

  • @jamesbeshears4512
    @jamesbeshears4512 4 месяца назад

    Really great summary. I'm a bit surprised data didn't come up more -- BI is a core of biz ops everywhere I've worked -- but I love your synopsis as "it's where value is added."

    • @LaurenceGartside
      @LaurenceGartside 3 месяца назад

      Glad you liked it :) Data has a role in most modern operations but for non-data focused businesses (eg team of data analysis contractors), data is collected, analysed and acted upon to support and improve the operations. As you emphasized - the business operations are where the value is added/ created for the customer.

  • @SharedDestiny
    @SharedDestiny 4 месяца назад

    To the point and clearly explained. No clutter. I wonder as to why this video has fewer views.

    • @LaurenceGartside
      @LaurenceGartside 3 месяца назад

      Glad you liked it. Please give it a like, share and another comment to push it onwards :)

  • @ignacionahuelfalugue569
    @ignacionahuelfalugue569 4 месяца назад

    i was just having trouble to understand the process batch and transfer batch concepts mentioned in the theory of constraints book. It is so clear now. Great video.

  • @84nomas
    @84nomas 4 месяца назад

    pls explain the basics of ship chartering

  • @MattYeomans-vi5qk
    @MattYeomans-vi5qk 4 месяца назад

    I want to go for this position.

  • @ricardopereira9262
    @ricardopereira9262 4 месяца назад

    Thanks

  • @thejconstantine3081
    @thejconstantine3081 5 месяцев назад

    New operations manager. With a boss who admitted they don't want to be in the office to train. And so the mind set is either to train me up to be a badass ops manager or hire someone with more experience in the respective career field. I'm a month in. Any thoughts yal

    • @LaurenceGartside
      @LaurenceGartside 3 месяца назад

      I have an excellent online video training course - "Operations Management A-Z" and many other related courses. But first, download my free mini video course or my free ebook. See the video description!

  • @siddharthkumarrao
    @siddharthkumarrao 5 месяцев назад

    Hello sir I'm Siddharth from India

  • @SimoneShaw-fy2zm
    @SimoneShaw-fy2zm 5 месяцев назад

    Or spy operations

  • @akhandpratapsingh6696
    @akhandpratapsingh6696 5 месяцев назад

    Main to bus partekular sun ne aaya tha

  • @DoctorDWorks
    @DoctorDWorks 5 месяцев назад

    Easy to understand - the visual model was a nice touch!

  • @jaden520
    @jaden520 5 месяцев назад

    'Promosm' 😭

  • @PradeepthaObeysekara
    @PradeepthaObeysekara 5 месяцев назад

    the start and the finish was the best :D

  • @bdud1707
    @bdud1707 5 месяцев назад

    Логистика

  • @bdud1707
    @bdud1707 5 месяцев назад

    ❤❤❤❤❤❤

  • @yusifmemmedzade3195
    @yusifmemmedzade3195 6 месяцев назад

    İ m fond of logistics , thanks for this vidio💙

  • @mattjagger4360
    @mattjagger4360 6 месяцев назад

    I have had a lot of roles that would on the face of it be deemed operations management. I made the mistake of studying (mature student) construction project management. Its an ultra-selective boys club career. 😂 I think I'll be switching into operations in the near future.

  • @NinaRossBusiness
    @NinaRossBusiness 6 месяцев назад

    Good information

  • @seangkeo2389
    @seangkeo2389 6 месяцев назад

    It's a great idea, please make more videos about this subject.

  • @abdikadirhassanabdi2143
    @abdikadirhassanabdi2143 6 месяцев назад

    Thank

  • @dragonballsuperstatustamil3292
    @dragonballsuperstatustamil3292 6 месяцев назад

    Bro I am logistics student please teach me personally

  • @user-xi9mq7dt3v
    @user-xi9mq7dt3v 6 месяцев назад

    Isn't it a tough road trying to figure out what you are supposed to do? I am 22 and I still dont know what I am supposed to be doing 😢

    • @LaurenceGartside
      @LaurenceGartside 3 месяца назад

      Few people do. Pick a sensible path and do your best with it. You will quickly learn what you like / are good at / is paid well and can adjust course from there. Operations management is a great start!

  • @sierra9713
    @sierra9713 6 месяцев назад

    Most underrated channel on yt. Thank you for sharing!