Operations & IT Articles

Operations section has articles elaborating on concepts like supply chain management, distribution, industrial processes and logistics. The IT section has articles containing the effective use of new technology in the field of management.



Comprehensive Sustainable Business Management for Progress 01 April 2017

Looking at the coveted Fortune 500 companies list about 88% of the companies from 1955 no longer featured in the 2014 list with most of them going bankrupt and the business models collapsing. Whilst there is a school of thought which says that this churn is a sign of creative destruction and the Darwinian Theory of survival of the fittest is the way of life, the critique which our business face is in terms of their sustainability. With a pool of Management graduates joining the workforce every year we are adding on to the finance, marketing and operations acumen in the workforce but the sustainability angle in each of these avenues is the cause of concern. A new era of management science is now looking into sustainable business management, design thinking and disruptive innovation and looks like that is the way forward.

 

IoT and Analytics- Redefining the Future of Business 02 February 2017

Internet has over the years reached billions of people worldwide. Everything now comes under the purview of IoT, and this along with analytics is a massive opportunity for business. We keep hearing about Internet of Things (IoT) but what does it really mean? And people say it’s the next big thing but have we been able to truly the harvest the power of internet of things beyond proof of concept products or services?

 

Big Data Analytics through Machine Learning 01 February 2017

In the last few years, big data analytics has taken a priority role in ensuring growth for businesses, understanding customers & exploring new opportunities. With World’s data doubling every two years while the cost of storing it declining at roughly the same rate; every company is now transforming into a data company capable of analysing large complex data and delivering faster and more accurate insights within reasonable cost. Also, machine learning has been a critical aspect of business. But the latest opportunity for companies is to have Big data Analytics through Machine Learning.

 

Shift from Human Productivity to Resource Productivity 01 February 2017

Earlier human resources were the sole biggest factor for companies. But with changing times, companies are shifting focus from human productivity to resource productivity. Ethical Manufacturing deals with the Social and environmental issues in production system. It is considered as a subset to Resource productivity. The Resource Productivity directly leads to Lean manufacturing and is correlated to Green Manufacturing, and is considered to be one step ahead of human productivity.

 

Modern Trade Channel & Impact of Fill Rate 30 January 2017

In the present era of high demand uncertainties and shorter product life cycles, all the FMCG companies are consistently trying to strengthen supply chain over demand uncertainties. Challenges gets more complex with numerous sales channels with different order management and supply dynamics. ‘Fill Rate’ is one of the performance indicator which indicates successful supply planning. Fill rate of any particular channel is percentage of placed orders converted in actual sales. Issues in data synchronization between sales and manufacturing departments, poor demand planning, logistics & network constraints, high volatility and uncertainty of the market causes low fill rates in retail sector

 

Impact of Information Technology in Managing Supply Chain 23 November 2016

Supply Chain management is undergoing a fundamental, rapid transformation forced by host of factors. Globalization has often brought goods and services to our country at a lower price with a very high quality than indigenous one. Multinational companies have perfected the art and science of combining globalization and localization to give ‘Glocalization’ i.e. global products and services customized to meet the needs of locales. Current economic fluctuation has made customer highly cost sensitive. Thus yesterday’s competitors are cooperating today to serve the needs of customer.

 


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