Cover art for podcast Financially Simple - Small Business Support

Financially Simple - Small Business Support

267 EpisodesProduced by Justin GoodbreadWebsite

The Financially Simple podcast is your one-stop resource for small business owners. Gain unique insights into growing, refining, and selling businesses. You will hear ways business owners have reduced their tax liabilities, increased their income, improved office morale, saved for the retirement of … read more

24:24

The History of Operations Management

In episode 116 of Financially Simple, Justin looks at the history of Operations Management.

Business and Industry has come a long way since the Industrial Revolution in the early 20th Century, with advancements in technology as well as the Operational Processes that manage them. Justin gives a brief history of the development of Operations Management over the last 100 years - looking at the key points of the evolution of Operations, and where it’s headed next.

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ARTICLE TRANSCRIPT: https://financiallysimple.com/evolution-business-operations-management/

 

TIME INDEX:

00:43 - The History of Operations Management

01:32 - The Principles of Scientific Management

02:34 - Assembly Line/Parts Standardisation

03:41 - Method-Time Measurement

05:52 - Toyota Production System

06:58 - Six Sigma

08:10 - ISO 9000

08:39 - Lean Operations

10:03 - The 5 Key Principles of Lean

10;46 - 8 Waste Obstacles of the Lean Process

13:26 - Business Process Re-Engineering

13:49 - 7 Components of Business Process Re-Engineering

18:44 - Next Generation Risk Management

22:08 - Summary

 

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Financially Simple podcasts are recorded on:

Samsung notebook: https://amzn.to/2EvYu3P

Yeti Blue Microphone: https://amzn.to/2VB6V7x

 

DISCLAIMER:

Neither Financially Simple, LLC nor its affiliates offer tax or legal advice. Interested parties are strongly encouraged to seek advice from qualified tax and/or legal experts regarding the best options for your particular circumstances. Justin Goodbread, CEO of Heritage Investors, LLC, a Registered Investment Advisor, is an Investment Advisor Representative who offers advisory services through Heritage Investors. The information contained within the podcast is for informational purposes only and not considered investment advice. Seek help from a competent Financial Advisor.

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