Midterms · M1
Production and Business Processes
One topic per video, told through Alice's tea room. The audio is in French, with English subtitles switched on.
Session 1The process and the flow unit
Chapters 9
The Queen's kitchen to understand what a process is, operations management and its four goals, the 2018 KFC crisis, then the basic tool of the whole course: the flow unit. Sheet, p. 3 to 5 →
Session 1Little's Law
Chapters 9
Flow time, inventory, flow rate: the three measures of a process, and Little's Law that links them. The Queen's kitchen, the croquet queue, the units trap, and what inventory really costs. Sheet, p. 6 to 7 →
Session 1Inventory turns and gross margin
Chapters 8
Little's Law with money: how many days a product stays in stock, how many times a year inventory turns, and gross margin. The Hatter's shop for the calculations, and the traps that come up in the MCQ. Sheet, p. 8 to 10 →




