Elective Fundamentals of Operations Management
Fundamentals of Operations Management notes
10 chapter notes, in syllabus order. Each starts with the key points.
Unit 1
OM Basics: Definitions, Functions & SystemsUnit 1 of Fundamentals of Operations Management introduces core concepts—what operations management (OM) is, its role in organizations, transformation processes, and the three key OM systems (manufacturing, service, hybrid). Learn definitions, real-world applications, and how OM drives efficiency in businesses like Nab8 min readUnit 2
Operations Strategy, Competitiveness & Order WinnersUnit 2 of Fundamentals of Operations Management explores how businesses align operations with strategy to gain competitive advantage, covering order winners/qualifiers, competitive priorities, and strategic fit—with real-world examples from Nepali and global firms.7 min readUnit 3
Forecasting: Methods, Accuracy & ApplicationsUnit 3 of Fundamentals of Operations Management covers forecasting techniques, time-series analysis, qualitative methods, and error measurement—essential for demand planning, inventory, and strategic decision-making in businesses like Daraz, Nabil Bank, or NTC.16 min readUnit 4
Product & Service Design: Concepts, Methods & Real-World ApplicationsUnit 4 of Fundamentals of Operations Management explores how businesses design products and services to meet customer needs while optimizing efficiency, cost, and quality. This note covers core concepts like product lifecycle, service design principles, design methodologies (e.g., QFD, DFM), and real-world applications9 min readUnit 5
Process Selection & Facility Layout: Types, Trade-offs & DesignUnit 5 of Fundamentals of Operations Management explores how businesses choose production processes (job shop, batch, mass, continuous) and design efficient layouts (product, process, fixed-position, cellular) to optimize workflow, cost, and flexibility. Learn trade-offs, real-world applications (e.g., Daraz warehouses11 min readUnit 6
Capacity & Location Planning: Models, Trade-offs & Strategic DecisionsUnit 6 of Fundamentals of Operations Management covers how businesses determine optimal production capacity (short-term vs. long-term) and choose locations (cost, demand, infrastructure) using quantitative models, break-even analysis, and location scoring techniques—with real-world applications from Nepali firms like D7 min readUnit 7
Inventory Management: Models, Costs & StrategiesUnit 7 of Fundamentals of Operations Management covers inventory types, cost structures, ordering systems (EOQ, ABC), and real-world applications in Nepalese businesses like Daraz, Nabil Bank, and NTC. Learn how to balance stock levels, reduce holding costs, and optimize supply chains using mathematical models and stra10 min readUnit 8
Aggregate Planning & Scheduling: Strategies, Models & Real-World ApplicationsUnit 8 of Fundamentals of Operations Management covers how businesses balance supply and demand over medium-term horizons (3-18 months) through aggregate planning techniques, scheduling methods, and trade-off analysis between cost, capacity, and customer service—with Nepalese and global case studies.8 min readUnit 9
Quality Management & TQM: Tools, Models & Real-World CasesUnit 9 of Fundamentals of Operations Management explores Total Quality Management (TQM), quality control tools (Fishbone, PDCA), ISO standards, Six Sigma, and their application in Nepali businesses like Nabil Bank and Daraz, with visual workflows and case studies.9 min readUnit 10
Supply Chain & Lean: Lean Tools, SCM Models, Waste Reduction & Agile LogisticsUnit 10 of Fundamentals of Operations Management covers supply chain management (SCM) frameworks, lean operations principles, waste elimination techniques, agile and resilient supply chains, and real-world case studies from Nepali and global companies like Daraz, Toyota, and Nabil Bank.6 min read