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Operating Processes are meant 2 fulfill 2 overarching goals:
(1) Deliver the customer promise/strategic positions to provide best to customer over anyone else and achieved thru lower cost, faster service, higher quality, customization
(2) Create Value for Stakeholders

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OM1 was my 1st time to experience a Harvard Simulation. I particularly like the experience because I can make mistakes and implement theories in different manners. While doing so, I am able to form take-aways that are lasting. I particularly like the near, far away, and far far away choices of suppliers. It's balancing the choices of bulk orders, time sensitivity, and agility. Until now, I refer to that experience when I encounter similar situations.

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In OM1, I learned about the concept of "kaizen" introduced by Toyota Motors company. It emphasized the importance of not only identifying and eliminating bottlenecks in a manufacturing process, but also constantly improving the process to achieve a level of greater efficiency.

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Key Take Aways from OM1 - at the heart of operations management is delivering the customer value. While improvement in operations may deliver better profitability/ bottomline results the greatest benefit will be delivering the customer promise. Human centered design in partnership with design thinking will deliver better products, while great execution will depend on the efficiency of your process.

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LT5 Mheng -Application of OM concepts in the non-profit sector

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LT5 Mheng -Application of OM concepts in the non-profit sector

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OM1 allows me to realize that concepts (bottlenecks, supply chain, innovation etc) also apply to non-profit organizations. As a health organization, our commitment and strategies to deliver systems solutions to the government required a number of operating model adjustments, especially during the pandemic. Unless we reorganize on how we deploy people and resources to translate strategy into results, we just couldn't succeed.

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Supply Chain - Tech Improvement - LT6 Dars Saribay

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Supply Chain - Tech Improvement - LT6 Dars Saribay

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Cases we had also highlighted the extreme importance of integrating innovations and tech on supply chain management, particularly to address the impact of the pandemic.

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Key Take Aways LT4 Mariane OM1 has emphasized the need to identify bottlenecks in the process,manage supply chain well, identify value proposition and ensure continous process improvement to survive business competition.

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Key Take Aways LT4 Mariane OM1 has emphasized the need to identify bottlenecks in the process,manage supply chain well, identify value proposition and ensure continous process improvement to survive business competition.

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OM1 showed me to transfer the concepts mainly taught on examples in traditional industries like, e.g., manufacturing, even to the digital advertising industry.

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OM1 taught us how you can improve processes and operations to make the business competitive.

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My key takeaway in OM1 is design thinking because it is the only topic there that I can relate to my world, and it unleashed my creativity when we were asked to design a wallet.

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It was very interesting for me to learn about the bullwhip effect in the classroom as I have experienced it firsthand in my actual work. Usually stakeholders in the distribution channel provide varying forecasts due to buffers, seasonality, product pricing etc... This makes my work as a product manager a little more challenging. As discussed in class best way to address it is to really have close coordination with the other stakeholders and monitor the product up to store level.

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An efficient supply chain process is crucial to the profitability of the business.

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OPERATIONS MANAGEMENT SUPPORTS SEAMLESS STRATEGY EXECUTION/ Will / LT10

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OPERATIONS MANAGEMENT SUPPORTS SEAMLESS STRATEGY EXECUTION/ Will / LT10

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My key takeaway from OM1 is Operations Management is crucial in delivering the vision and strategy of any organization.

It is the organization's bridge to their target customers, making sure there is consistency in the delivery of the desired customer experience in every engagement.

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LT3 - Beau | Products, Processes, & Supply Chain

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LT3 - Beau | Products, Processes, & Supply Chain

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Understand the various components of a firm's supply chain and their impact on its business. OM1 taught us the importance of maintenance and its impact on efficiency. Lastly, how to somehow do a more accurate way of forecasting, and importance of considering all factors the could affect the result.

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OM1 reminded me of the importance of applying design thinking to activate creative thinging when developing more innovative products and processes that resonate more with customers.

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Importance of planning supply chain- Eugene Velasquez|LT7

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Importance of planning supply chain- Eugene Velasquez|LT7

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OM1 taught us the importance of properly planning the sources of your supplies/raw materials. Key raw materials should be sourced from location that is closer from the manufacturing plant to lessen the lead time. Also, this could reduce carrying costs of inventories and provide easy and fast access in case there will be a sudden increase in demand. This will minimize opportunity lost and help the company satisfy the requirements of the customers.

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OM1 showed us the importance of process control, utilizing human resources and proper machine efficiency.

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This was a very interesting learning for me in the classroom setup given that I was able to experience this first hand. Stakeholders in the distribution channel submits different forecasts, often very different from their actual need. Reasons vary from ensuring availability to miscalculating seasonality. Key takeaway for me is to be very active in monitoring the stocks up to store level to ensure accuracy of inventory and forecast.

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One important learning from OM1 is the importance of forecasting inventory.

Overstocking may lead to price

reductions and lower profits, on

the other hand under-stocking

may result to opportunity costs.

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OM1 key takeaway - operations is not only a function of one unit but a responsibility of the whole organization. in decision making, you need to consider relevant variables and information. Strategy can have a direct or indirect impact that may result to efficiency/inefficiency, profit/savings/cost.

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Global Supply Chain Simulation | LT1 Carlo

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Global Supply Chain Simulation | LT1 Carlo

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This taught us that cost is just one dimension, so the cost magnitude is not the end-all and be-all of decisions. The location of suppliers turns it into a vector that accounts for the distance, turnaround time, and risks.

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Process Capability and Efficiency - Marvs | LT6

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Process Capability and Efficiency - Marvs | LT6

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OM1 has provided us how to properly manage output based on process efficiency and predict outcomes using data from day-to-day activities and improve these efficiencies in every iteration.