Just-In-Time Inventory Management
Maintaining appropriate levels of inventory is a fundamental aspect of operations. In order to insure a smooth flow of work and delivery to customers, companies need to keep some amount of both raw materials and finished product on hand. But histori...
Production and Operations Case Study: Rutherford Hill Winery
Rutherford Hill Winery is located in California's Napa Valley, one of the most prolific winegrowing regions in the world. Efficient production and operations at a winery like Rutherford Hill requires skillful management that includes: carefully anal...
Increasing Operational Efficiency
Whether they manufacture a physical product or provide a service, all companies have similar needs for efficiency in operations. This applies to scheduling, inventory, organizing employees, quality and productivity. More and more companies are using...
Depreciating Business Assets
The advantages, from a business perspective, of spreading the value of an asset over several years. This lesson also distinguishes between tangible and intangible assets.
Operational Efficiency Case Study: General Dynamics
General Dynamics' Convair Division produces weapons for the military. Under pressure to increase efficiency, the company instituted "just-in-time" production in 1990. In addition, Convair installed an automated warehouse system and began training wo...
Small Business Innovation Research Program
This clips talks about the Small Business Innovation Research program, which provides research and development grants for prospective entrepreneurs.
Japanese and American Production Models
As long as other countries lacked industrial capacity, especially following World War II, U.S. companies could absorb tremendous inefficiency and still compete. All that changed when the Japanese developed new methods of integrating various aspects ...
Risk and Self-Doubt
This clip looks at the financial risk most entrepreneurs assume when they start their new business, and the self-doubt that can crop up at any point.