University of Pennsylvania
Driving Operational Performance
University of Pennsylvania

Driving Operational Performance

Taught in English

Course

Gain insight into a topic and learn the fundamentals

Christian Terwiesch

Instructor: Christian Terwiesch

Intermediate level
Some related experience required
8 hours to complete
3 weeks at 2 hours a week
Flexible schedule
Learn at your own pace

What you'll learn

  • You will learn to bridge finance and operations using the ROIC framework, connecting key variables for informed decision-making.

Details to know

Shareable certificate

Add to your LinkedIn profile

Recently updated!

October 2023

Assessments

10 quizzes

See how employees at top companies are mastering in-demand skills

Placeholder
Placeholder

Earn a career certificate

Add this credential to your LinkedIn profile, resume, or CV

Share it on social media and in your performance review

Placeholder

There are 4 modules in this course

In this module, we delve into the intricacies of advanced process flows, explicitly focusing on handling variety, setup times, and attrition (yield) losses. Building upon your foundational knowledge, we'll explore the critical implications that variety introduces into process analysis. Key insights will be gained, particularly in the context of product mix, as we guide you in searching for bottlenecks more effectively. Additionally, you'll discover the concept of implied utilization and how it can be a valuable tool in optimizing processes.

What's included

5 videos3 quizzes

Throughout this module, you'll explore practical techniques that empower you to harmonize financial and operational aspects. One of the central elements of this module is the exploration of Return on Invested Capital (ROIC) and Key Performance Indicator (KPI) trees. You'll gain insights into how to construct these trees in a manner specific to the operations you are studying. Furthermore, we emphasize the importance of ensuring that the variables within these trees are measurable, requiring accessible data for practical analysis. Sensitivity analysis will be a vital tool in your toolkit, allowing you to assess the potential influence of various operational factors on your financial outcomes.

What's included

5 videos2 quizzes

In this lesson, we delve into the ubiquitous aspect of waiting and explore the science behind studying waiting times. Waiting is an undeniable part of our daily routines, and understanding it is crucial. We'll start by delving into the concept of a transient queue, offering you valuable insights into this essential aspect of queue theory. Our journey continues as we investigate strategies to make the waiting experience less painful for customers and more efficient for businesses. Variability, a significant factor in process flow, takes center stage in this module. We'll guide you in distinguishing between seasonality and variability, empowering you to plan effectively for the complexities that variability introduces. Capacity management plays a pivotal role in managing waiting times, and you'll gain practical knowledge on balancing customer satisfaction and resource efficiency. We'll explore methods for aggregating variability by sharing the risk across multiple resources, assigning priority levels, and influencing the perception of waiting time, all of which contribute to a smoother customer experience. Lastly, we'll delve into the Time in Queue formula, emphasizing its critical importance in waiting time management. By the end of this lesson, you'll understand the factors influencing waiting times and the tools to manage them effectively.

What's included

6 videos3 quizzes

In this lesson, we dive into the central theme of computing customer loss, emphasizing the imperative concept of "buffer or suffer." Understanding and quantifying the loss of customers is the linchpin of this module, as it plays a pivotal role in operational decision-making. We begin by equipping you with the essential skills to find the probability of customer loss. You'll gain insights into the factors and variables contributing to this probability, enabling you to make informed decisions to minimize customer attrition. Chaining, a strategic approach that combines the advantages of pooling with a lower investment, will be explored in-depth. You'll discover how to harness the benefits of this method to enhance operational efficiency and mitigate potential losses. Furthermore, this lesson will empower you to calculate the buffer required to effectively manage the challenges introduced by variability. Buffer strategies are vital in maintaining operational stability and ensuring a seamless customer experience, making this lesson an essential component of your operational toolkit.

What's included

5 videos2 quizzes

Instructor

Christian Terwiesch
University of Pennsylvania
8 Courses159,053 learners

Offered by

Recommended if you're interested in Leadership and Management

Why people choose Coursera for their career

Felipe M.
Learner since 2018
"To be able to take courses at my own pace and rhythm has been an amazing experience. I can learn whenever it fits my schedule and mood."
Jennifer J.
Learner since 2020
"I directly applied the concepts and skills I learned from my courses to an exciting new project at work."
Larry W.
Learner since 2021
"When I need courses on topics that my university doesn't offer, Coursera is one of the best places to go."
Chaitanya A.
"Learning isn't just about being better at your job: it's so much more than that. Coursera allows me to learn without limits."

New to Leadership and Management? Start here.

Placeholder

Open new doors with Coursera Plus

Unlimited access to 7,000+ world-class courses, hands-on projects, and job-ready certificate programs - all included in your subscription

Advance your career with an online degree

Earn a degree from world-class universities - 100% online

Join over 3,400 global companies that choose Coursera for Business

Upskill your employees to excel in the digital economy

Frequently asked questions