Link for all Operations Free Courses
- Operations management : https://www.edx.org/course/operations-management
- 6sigma : Define and Measure : https://www.edx.org/course/six-sigma-define-and-measure
- 6sigma : Analyze, Improve, Control :
https://www.edx.org/course/six-sigma-analyze-improve-control - Supply Chain Design : https://www.edx.org/course/supply-chain-design
- Project Management : https://www.futurelearn.com/courses/project-management-beyond-the-basics
14 Principles of The Toyota Way Principle
1 – “Base your management decisions on a long-term philosophy, even at the expense of short-term financial goals.”
Simple example: Plan for the future, Like students who are planning to give CAT exam have understood the importance of MBA in the long run.
Principle #2 – “Create a continuous process flow to bring problems to the surface.”
Simple example: Make a process flow diagram (timetable type) of your 24 hour day, you will be able to identify where you are wasting time and where problems are.
Principle #3 – “Use ‘pull’ systems to avoid overproduction.”
Simple example: Dont student on fixed timer, student when you want to study. When you are pulled towards books the efficiency and concentration is best.
Principle #4 – “Level out the workload (work like the tortoise, not the hare).”
Simple example: Rather than studying for 8 hours continously, its more effective if u level it out into four 2 hours sittings.
Principle #5 – “Build a culture of stopping to fix problems, to get quality right the first time.”
Simple example: We tend to ignore our mistakes during the mocks, So next time you do a topic wrong STOP and fix problems.
Principle #6 – “Standardized tasks and processes are the foundation for continuous improvement and employee empowerment.”
Simple example: After first few mocks standardize your strategy and stick to it, you will see continuous improvement.
Principle #7 – “Use visual controls so no problems are hidden.”
Simple example: Make a list of your areas to improve and put it on your study table. Visual display will ensure problems are not hidden!
Principle #8 – “Use only reliable, thoroughly tested technology that serves your people and process.”
Simple example: Use Ck Books, Mocks and strategies which are thoroughly tried and tested over the years for your exams 😉
Principle #9 – “Grow leaders who thoroughly understand the work, live the philosophy, and teach it to others.”
Simple example: During your preparation identify the Important / Strong areas as Leaders who are going to make you score more in the exam.
Principle #10 – “Develop exceptional people and teams who follow your company’s philosophy.”
Simple example: Make your Exam philosophy (Target scores, Target JBIMS or Target IIMs) than look for skills, mocks, books and shortcuts which will help you achieve the targets.
Principle #11 – “Respect your extended network of partners and suppliers by challenging them and helping them improve.”
Simple example: Find study buddies and partners in class or online, who can help you improve with healthy competition.
Principle #12 – “Go and see for yourself to thoroughly understand the situation.”
Simple example: Do analyse every question after the mock, thoroughly understand the situation which areas are your strong and weak.
Principle #13 – “Make decisions slowly by consensus, thoroughly considering all options; implement decisions rapidly.”
Simple example: Finalise your mock strategy a week before the exam after thoroughly considering all options; implement decisions rapidly.
Principle #14 – “Become a learning organization through relentless reflection and continuous improvement.”
Simple example: Target to increase your mock scores slowly and gradually…. 50 to 80 to 100 to 120 to 150!
Top Companies Accepting MBA Operations
eCommerce Supply chain – Amazon, Flipkart
Retail Houses – Ikea, Big Bazaar, Wal-Mart
IT Hardware Companies: Dell, HP
Consulting: Deloitte, McKenzie, BCG, Bains
FMCG Supply chain: Procter & Gamble, HUL, Dabur
Courier: FedEx, UPS
Tech Cos: Samsung, Apple, Google
Manufacturing: Mercedez, BMW, Suzuki
Banks: Citi, ICICI, HSBC, HDFC
Examples of MBA operations job responsibilities
Here’s a general overview of some potential job responsibilities for those doing MBA Operations in global strategy, operations, procurement or supply management roles:
- Reducing Turn Around Time for Processes and Projects
- Standardisation of projects processes and reporting systems
- Assisting in the assessment of new or existing global strategic opportunities and innovative ideas that support a strategic plan.
- Identifying possible acquisition targets, new technologies, processes or methodologies that support strategic goals.
- Building strong relationships across the organization to ensure it collaborates effectively, thereby maximising efficiency.
- Collaborating with procurement to ensure the highest quality suppliers are secured and with production to ensure quality and schedule objectives are met.
- Collaborating with global teams to determine strategic and longer-term plans.
- Learning how a company operates globally and applying this to strategic assessments and planning.
- Building and presenting recommendations and findings to a company’s senior leadership.
- Identifying, developing, negotiating with and managing both existing and new suppliers in a company’s supply chain.
- Developing and executing capacity planning and cost management strategies in rapidly changing environments.
- Supplier development for all products in an assigned product line.
- Program management for all products in an assigned product line, whether they are in development or mass production, to ensure product integrity and support for a changing mix in demands.
- Managing manufacturing partners very closely (often on site) to facilitate building development, risk mitigation efforts and the production of new products.
- Communicating developments, updates and changes effectively to the supply chain across the entire company, while acting as a liaison between departments that connect the business and engineering aspects of company projects.
- Supporting strategic initiatives related to the supply chain, for example projects to improve processes and inventories, spend analytics, or supply network design and optimization.
- Creating project management plans that clearly define a project’s scope, assumptions and risks.
- Analyzing data, building analytical models and preparing reports that enhance executive decision making.
- Administering the tools, data and reports needed to track a project’s process.
- Coordinating with appropriate personnel to ensure that planned dates, budgets and resources are accurate and reporting appropriately on any changes in this regard.
Best B Schools for MBA in Operations Management in India:
| Ranking | Colleges for MBA Operations | Exam |
| Zero | IIM Ahmedabad | CAT |
| Zero | IIM Bangalore | CAT |
| Zero | IIM Calcutta | CAT |
| A | NITIE Mumbai | CAT |
| A | SPJIMR Mumbai | CAT |
| A | IIT Mumbai | CAT |
| A | JBIMS Mumbai | CET |
| A | IIT Delhi | CAT |
| A | ISB Hyderabad | GMAT |
| A | IIM Lucknow | CAT |
| A | MDI Gurgaon | CAT |
| B | SIBM Pune | SNAP |
| B | Sydenham Mumbai | CET |
| B | SIOM Nashik | SNAP |
| B | GLIM Chennai | CAT, CMAT |
| B | KJ Somaiya, Mumbai | CAT, CMAT |
| B | We School, Mumbai | CAT, CMAT |