Financially Simple

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. Don't forget to subscribe, and let us know how we are doing by leaving a review. Thanks for listening! ARTICLE TRANSCRIPT: BLOG: The Evolution of Business Operations Management   TIME INDEX: 00:43 - The History of Operations Management 01:32 - The Principles of Scientific Management 02:34 - Assembly Line/Parts Standardization 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