Chairperson’s Note
KJ Somaiya Institute of Management Studies and Research is known for its ability to produce excellent managers and leaders in various fields year after year. This comes not only from a robust academic curriculum and faculty expertise but also from student driven
initiatives. FORSE, the operations committee is spearheading such initiatives in the field of operations to help students develop understanding in this field. Momentum is one such initiative that has been taken by our students to enrich that learning. The magazine is an attempt to engage readers’ on state of the art trends in field of Operations and Supply Chain Management My Heartiest congratulations to the team on bringing out this initiative of momentum. I hope that the readers will enjoy this first issue and supplement their knowledge and learning. Dr. J S Lamba
Faculty In-charge - FORSE Area Chairperson (Operations) KJ SIMSR, Mumbai
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Convener’s Note
Dear Readers, We at FORSE strongly believe in equipping Management study learners with the field of Business Excellence and Process Improvement through various events, workshops and conferences in operations.
FORSE recently embarked upon its journey for this academic year 2017-2018 with a very insightful event – INTERN DIARIES. Details of the event with few glimpses through pictures have been shared in this issue. FORSE has been organizing Six Sigma Green Belt Certification Course in collaboration with KPMG since past three years. This year hundred plus learners successfully completed the certification course. We, as a part of FORSE Team, strongly encouraged learners to attend this course to get profound insights and in-depth knowledge of Process Improvement and Lean Review. As we progress ahead this year, we would be coming up with various events and simulation games to give an experiential learning to the students. We also await Global Supply Chain Management (GSCM) Conference, flagship Event of Operations Department organized by FORSE that will be held in December, 2017. MOMENTUM - The Official Operations Magazine of SIMSR released its maiden issue earlier this year in March 2017. With each release, it embodies various articles and learnings of different themes shared by students of SIMSR. While the first release revolved around 3D Printing and Technology as its theme, our second volume speaks about Green Logistics and Supply Chain. Also, amaze yourself with the lesser known facts and Brand Success Stories of various companies shared in this issue. Stay tuned for upcoming issues with similar interesting themes. Happy Reading! Happy Learning! Dheera Varandani Convener - FORSE
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Editor’s Note
Dear Readers, “The future is green energy, sustainability and renewable energy� We are living in tough and dangerous times where the world as we know it is crumbling day by day. Global warming is posing a serious threat to the very existence of mankind and every industry is under the gun to optimise their operations and prevent further irreparable damage. With our second edition of Momentum, we wish to bring about awareness regarding green logistics and how supply chain is fast evolving to ensure that we leave lesser scars over our planet. We have also included articles on how to improve our ecosystem and Carbon Credits. These articles will help you budding managers realise the burning environmental issues that industries are facing nowadays. and They will also enlighten you on policies that are in place to control and curb further damage. Staying true to our field of Supply Chain and Operations, we have also included an article on the success stories of famous brands and how innovations in Supply Chain have made these brands worldwide leaders in their own fields. Last but not the least, we would like to thank everyone who has contributed to the magazine and wish for enthusiastic participation in the future as well. We hope we are successful in sharing knowledge and also in sensitizing everyone towards the need to GO GREEN. Happy Learning, Team Momentum
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Table of Contents Green Logistics- A PESTEL Analysis Pg - 6
Knowing Carbon Credit Pg - 9
The role of IT in Logistics Pg - 11
Brand Success Stories Pg - 16
A Systematic Approach towards a Better Ecosystem Pg - 20
Did you Know? Pg- 23
Recent Events: Intern Dairies Pg - 24
Upcoming Events: GSCM Conference Pg - 26
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GREEN LOGISTICS - A PESTEL Analysis Article by Kaustubh Ashturkar Suhas Shinde PGDM -2017-19 Since decades, Green has been the aweinspiring catchphrase used by policy makers and businesses to show their commitment towards protecting the environment. Logistics sector is not an exception and in fact a dark horse. What we mean by that is logistics is going to make a large contribution in drastic reduction in CO2 emissions that will be required by 2050 to contain global temperature increase within 2 degree C. Green logistics in simplest terms describes all attempts to measure and minimize the ecological impact of logistics activities. So broadly speaking, it’s an environmental issue. We are going to make a PESTEL analysis for green logistics as we are going to throw light on Political, Economic, Social, Technological, Legal, Environmental aspects which will have a direct or indirect impact on green logistics in coming future. Environmental aspect will be there with every other aspect
Road Transport and Shipping Minister, Nitin Gadkari. The important prospect of green logistics is efficient transportation. Trucks had to wait long in queues on interstate borders to pay taxes. The check posts on state borders have been removed already and truck movement will be faster reducing the slow movement period that was affecting both the operational efficiency and environment.
Politics and green logistics: Political willpower is always required to implement good things. With the implementation of GST from July, Logistics sector is going to gain the most as costs will come down by 20% as said by
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Economy and green logistics: There are companies comes that separate themselves from the herd and differentiates themselves through leadership, vision, innovation, and a capacity to change the marketplace. Walmart is one of those companies. In a marketing and consumption-driven world, where taking care of the environment is always cumbersome in terms of finance, Walmart broke the mold by rolling back prices and preconceptions in the interest of both the environment and economy. It has created a role model for sustainability that transcends all facets of its organization—and extends to suppliers and customers, as well. Elizabeth Fretheim, Walmart's director of business strategy and sustainability, believes in green logistics to achieve golden mean between environment and economy."Within the transportation function, for example, we want to accomplish three goals: fill every trailer to capacity; drive those trailers the fewest miles possible, and use the most efficient equipment," she explains. "All these efforts drive sustainability, as well as operational efficiency.�
environmental challenges that freight transport poses. The environmental impact is much beyond the oft-maligned GHG emissions from freight and passenger transport: warehouses pose a threat to safety of the neighborhood, more so, if stocked with hazardous goods; terminals at ports, airports and stations add to noise pollution as vehicles and cranes move; discarded packaging sullies the landscape; improper waste disposal contaminates land and water. Over the years, the share of rail transport has decreased drastically by more than two-thirds from 89 % in 1951, while the share of road transport has increased seven-times from 10 % within the same period. Restoring rail as a primary mode of transport, in particular for freight, would be essential, as rail emissions (per tonne km) are at least five times lesser than road emissions.
Social viewpoint: With so many dangerous repercussions of global warming that we are dealing with, we simply cannot ignore the
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Technological improvements aiding green logistics: Skoda Automobiles is one of the big players in the automobile sector. We are fortunate enough to get a chance to work with them as interns. ŠKODA AUTO has developed an innovative 4-in-1 packaging system in cooperation with the packaging supplier company Pilous for shipping painted bodies from the main plant in Mladá Boleslav to the Indian plant in Aurangabad. The clever carrier systems arrange two bodies horizontally on the floor and two others diagonally above in the limited space. Manufacturing parts can also be fitted into appropriate gaps in the wooden construction and secured for transport. The 4-in-1-loading technology reduces the number of containers by a quarter. This saves ŠKODA AUTO well over 800 tonnes of CO2 per year on the 13,270-kilometre transport route. Nearly all materials used can be recycled
Legal framework necessary: For resuscitating and implementing green logistics in India, we need to address the issue at three levels: public policy, business, and individual—these three tiers interact with and influence one another. But no cut-and-dried or easy solutions are in sight. In any case, government intervention for right pricing, incentivizing, laying down regulations and enforcing them is imperative.
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Knowing Carbon Credits Article By Shikha Agrawal PGDM - 2017-19 With environmental conditions deteriorating day by day, growing awareness about harmful levels of Greenhouse Gases (GHG) and the resulting Worldwide Warming phenomena have forced the government authorities and even the private organizations to implement systems that would help in reducing the amount of carbon dioxide in the atmosphere. Out of the several initiatives taken to protect the environment, the carbon credit is one method to discourage businesses from emitting greenhouse gases beyond a certain limit and reward those who have their emissions under check. Carbon credits is an incentive given to an industrial undertaking, usually an energy company,
for keeping the emission of greenhouse gases including carbon dioxide to within one ton. Credits are awarded to countries or groups that have reduced their greenhouse gases below their emission quota. This can be done by switching to alternative renewable resources such as the wind and solar energy or installation of energy-efficient machinery. Carbon credits can be legally traded in the international market at their current market price. In this system of carbon trading, controls are imposed on Green House Gas (GHG) emissions under the Kyoto Protocol, and the pre decided emission limits are then allocated across countries, which have to control the greenhouse gas emissions from the various industries and commercial units operating within them.
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The Kyoto Protocol was initiated by the United Nations Framework Convention on Climate Change and ratified by 181 countries and the European Union as a whole, individual entity in 1997. It was put into effect in 2005. The protocol was proposed by the international community to address and reduce greenhouse gas emissions that have led to global climate change. The Protocol makes it mandatory for commercial entities emitting above the permitted limit of carbon dioxide to cut down their emissions to prescribed levels, or they should buy carbon credits certificates which can be transacted in the market, or alternatively pay a charge for the emissions, which is referred to as carbon tax. Businesses that find it hard to comply with the carbon emissions, purchase carbon credits to offset their emissions by making finance availability easy for any kind of renewable energy projects, forest protection and reforestation projects around the world. These renewable energy and energy efficiency projects replace fossil fuel and industrial processes. This all helps businesses in mitigating their emissions and comply with the global standards.
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Role Of IT in Logistics Article by Alok Jani MIM - 2015-18 Introduction A Supply chain is the combination of various stages such as customers, retailers, distributors, manufacturer and raw material suppliers. Purchasing, Operation, Distribution, and Integration are the major
elements of supply chain management. Information Systems such as ERP packages help manage the acquisition, manufacturing and distributing of products to the correct place and in the correct quantities. Providing Electronic Data Interfaces (EDI) along with SCMCRM integrations not only help provide optimal delivery of material but also provide the ability to track status in realtime by providing a unified view to the enterprise.
Figure (i): Supply Chain where goods are transported from Manufacturers (M1, M2 .. Mn) to Distribution Centers (D1, .. Dn) to Retailers (R1, R2,..,Rn). The National Headquarters is responsible for the management of Logistical Operations.
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IT in Logistics Operations Inventory Management System Inventory control systems (ICS) are applications for tracking inventory levels, orders, and deliveries. It is used extensively for production planning so as to avoid stock outs or overstocking. Using ERP in combination with Scanners and barcode can help quickly update inventory. Manufacturers can create updated multilevel work orders and bill-of-material (BOM) based on inventory levels which can help give better estimates of timelines. Seasonal Forecasting is critical for efficient inventory planning.
Providing Electronic Data Interfaces (EDI) along with SCM-CRM integrations not only help provide optimal delivery of material but also provide the ability to track status in real-time by providing a unified view to the enterprise.
We shall identify areas of application & sample KPI captured by IT Systems in the Logistics Industry.(Fig.1) Sample KPI for Inventory Management Systems are: 1.Inventory Value & Inventory Obsolescence 2.Supplier on time. 3.Stock turnover for finished goods and raw materials. 4.Inventory holding costs. Finished Goods count. elements of supply chain management. Information Systems such as ERP packages help manage the acquisition, manufacturing and distributing of products to the correct place and in the correct quantities.
Warehouse Management System Warehouse Management Systems (WMS) are applications for planning material storage and movement. Additionally, WMS provide services like Kit Assembly (given the BOM of kit), Quality Control and Inspection. Warehouses use RFID to track inbound and outbound shipments. Common processes that can be automated include Goods Receipt, Storage, Slotting/efficient placement, Picking/select for the delivery order, Packaging/Labelling, etc.
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Sensors can also help track space utilization in real-time. Sample KPI for WMS are: 1.Orders processed per day 2.Order Picking accuracy rate 3.Average Lead time 4.Inventory items incorrectly located 5.Turn around time for availability after receipt of Sales Order Fleet Management System Fleet Management System (FMS) are vehicular tracking & control systems that are used for diagnostic, driver, speed
and fuel management of trucks, trailers, aircraft, ships and rail cars. Fleet Management makes use of GPS (Global Positioning Systems), telecom cellular triangulation or satellite communication to track the exact location of a vehicle. Advanced FMS can help provide benefits of visibility on oceanic routes along with over-the-air security to track goods in transit. Sample KPI are Number of Vehicular Breakdowns. Mileage. Fuel Consumption.
Shipment Loading and Slotting System Shipment Loading is the process of distributing large consignments over delivery schedules and transportation fleet. Transport Management Systems (TMS) help model the level of LTL (Less than Truckload) and FTL (Full Truck Load). IT applications can ensure that trucks are loaded optimally so that they’re not empty. Slotting is the process of intelligent placement of products in the warehouse/ distribution centre for optimal material handling efficiency. IT applications and Sensors can be used for proposing placement location within a distribution centre for optimal material handling efficiency. IT applications and Sensors can be used for proposing placement location within a distribution centre based on factors such as shelf life, quantity, etc.
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Sample KPI are: Timeslotting. Number of Barcodes and scanners used Product pairing together (stored and retrieved together) Percent time of FTL Transport Route Optimization Transport Management Systems (TMS) in combination with Cartographic Information can be used for calculating the shortest path across multiple drop points. Real-time traffic data when integrated with transport management systems (TMS) can help set up supporting routes/backup routes for the driver in advance. Sample KPI are: deliveries on-time, average delivery cost
Automated Payment Settlement and Document Processing Transport Management Systems report real time status of shipment and deliveries. When combined with EDI (Electronic Data Interfaces) integrated with suppliers’ banks, these applications can support faster freight settlement to provide a consolidated view of pending payments. Sample KPI are: Accounts Receivables from Customers, Resellers et. al. Accounts Payable to Supplier, transporters et. al. Customer Service Vehicle Tracking and POD (Proof of Delivery) Systems are used for real-time delivery information like arrival time, location, etc. By offering the ability to track shipments/deliveries, the customer is more informed which helps reduce support calls.
Sample KPI are: Orders dispatched per day, Deliveries on time. Production Performance Benchmarking A company may choose to benchmark their processes for purpose of Measurement, Comparison, Learning or Improvement. ERP databases hold a wealth of transactional information which when combined with Business Intelligence
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and Machine learning tools can be used for Industry and Competitive analysis. Other Common KPI are: Number of Customers Customer Order per day Percent of Product Returns Percent of Product Damaged Deliveries in Full / day Deliveries on time / day Cash to Cash Cycle Time Procurement and Supplier Management System Procurement and Supplier Management System (PSMS) is used to maintain records of purchase related information. These IT systems are used to capture details such as Purchase Request, Contract Documentation and Management. Vendor related information such as past performance, bank account details, contact details are also captured in the system. Common KPI are : Cost per Invoice Time of payment Discounts Captured Number of Suppliers Spend under purchase order Payment Outstanding Days Count of PO Modified
From the above, it can be concluded that Information Systems for Inventory Management, Procurement & Supplier Management,, CRM are critical for and play a major role in Logistics Operations & Management.
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Brand Success Stories Article by Arushi Joshi PGDM -2017-19
Key list of characteristics defines the success of best-in-class supply chains and set them apart with exemplary management. These characteristics include a proactive use of big data, highly optimized inventory management, flexibility and speed with order fulfilment, customization with process implementation, energy sustainability. As listed by research and advisory company, Gartner, Inc., the following companies exemplify excellence with these characteristics, setting the mark high for the demand-driven supply chains of today.
UNILEVER – British-Dutch consumer goods company Unilever is the second-largest FMCG player, and offers food, beverages, personal care products, and cleaning agents. Unilever was formed in 1930 with the merger of British soap company
Lever brothers and Dutch Margarine company Margarine Unie. During 1960’s and 1970’s it expanded by horizontal and vertical integration emerging as a diversified conglomerate. In 1980’s it decided to have a more focused approach and referred to it as “core strategy” and focused on four industries – Food, Personal care, health care and specialty industry, this decision involved acquisition and divestiture of brands.
As a result of this it developed an extensive range of product categories under each business segment. Unilever found itself becoming inflexible due to its huge operation and other inefficiencies. To come out of this mess it decided to restructure its strategy. At the beginning of 2000, Unilever began a five-year growth strategy. This initiative was named as “Path to Growth Strategy”. It announced a comprehensive restructuring in their operation and business and their SCM, which included a significant restructuring of their supply chain management.
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They focused on organization, global procurement processes, supply chain executives, supplier involvement, and technology. Unilever decided to cut down its vast brand portfolio from 1600 to 400 and make significant changes to its supply chain of 380 manufacturing plants across the world, by focusing on 150 key factories, in order to enable its complete focus. Unilever decided to. The major thrust areas were: 1.Implementing executive purchasing 2.Attracting, developing and retaining world class supply management executives 3.Professionalizing the purchase of non-production items 4.Enabling e-sourcing in all worldwide facilities 5.Accelerating and leveraging simplification of supply chain 6.Driving information and management As a result, they achieved $14.24 billion in savings in 2003 from its initiatives, and Unilever became a leader in the consumer-packaged industry for technology adoption. .
COLGATE-PALMOLIVE – Colgate-Palmolive is a top ranked leading Multinational Corporation in the consumer products category. Headquartered at New York, it is believed to have an asset of $94 billion that comprises of all its products that it is selling in more than two hundred countries. Colgate-Palmolive is involved in the business of manufacturing and selling of various consumer products that comprise of cleaning products, soaps, toothpastes and pet supplies.
Since the company has its operations in various regions across the globe, it is of immense importance to have a wellintegrated system that will help in efficient and quick exchange of valuable data and information. Initially, Colgate-Palmolive had a decentralized structure that was creating many issues in its business operations especially in Supply Chain Management (SCM). In November 1999, the management team of the company decided to revamp its IT infrastructure by implementing a unique and innovative system that ensured integration of every function throughout the organization across all its operational activities on international level. This new system is based on the order flow of the customers and driven by the distribution centres of Colgate around the globe as the suppliers are now directly supplying the products.
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In order to solve the main issue of Colgate-Palmolive, a global supply chain system was developed. Three key supply chain strategies were formed as the basis of this system: 1.Introduction of the Vendor Inventory Control (VMI) product so that there was a decline in the inventory channel and timing of the cycle. 2.Implementation of a resource planning system at cross-border level so that regional models were developed for the international patterns; it ensured that the company had adequate pool of assets so that there was a balance with the company's business strategy. 3. Implementation of a collaborative program that ensured there was a wellbalanced downstream business system for effective management of the market demand of supply chain along with effective coordination of the system's activities. With the help of new system, everyone in the
organization is well-aware of the supply chain statistics; the IT system has enhanced the company's SCM system which has helped in utilizing the supply chain information with accuracy so that the consumers always had easy access to the products and the shortage problems was reduced by 50% in the first three months of the new ERP software implementation. With the help of the latest SCM system, the suppliers had developed direct links with the company's production unit and they were responsible for effective management of resources at the distribution centres for supplementing Colgate-Palmolive business operations.
NIKE Nike is a multinational company and one of the most widely-known brands of athletic wear. In 1991 reports about poor working conditions and media uncovered claims of child labor and underpaid workers in several Asian countries at the Nike factories started surfacing. Nike denied responsibility for monitoring malpractice at supplier locations and responded without
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changing practices. In no time Nike was targeted by campaigners, and a global boycott campaign began. This campaign had a huge impact on the demand for Nike products. Finally, in 1996 Nike started addressing the issue in a productive manner. Nike started working on improving social and environmental conditions in its global supply chain to evolve it through integrated management of sustainability and innovation, increased supplier incentives, and systems innovations intended to prevent problems before they arise. In 2009, Nike launched project “Rewire�. It made several changes in the company to achieve supply chain sustainability: 1.Transition to a more integrated organization structure 2.Deliver lean manufacturing training to build and improve workers’ skills and efficiency 3.Develop a new supplier incentive scheme
4.Promote innovation to engage all relevant stakeholders in creating the environment needed for systemic change to take place Nike believes in the three key aspects of responsible supply chain management which will influence the performance going forward: Integration, incentives, and innovation. Rewire strategy showed how the company is now pursuing a more holistic approach to improving supply chain sustainability. Nike has embraced a longterm perspective. Improving sustainability performance often involves heavy investment initially, with benefits being realized over a longer term.
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A Systematic Approach towards a Better Ecosystem Article by Saharsh Bhanawat Hiral Shah PGDM -2017-19 Unlike the traditional humanitarian definition of logistics, Green Logistics is more concerned in considering the impact of human actions on environment and surroundings. Thanks to Industrial Revolution in the 20th century, which gave a rise to rapid industrialization in every corner of the world, which eventually made the life of human much easier and convenient. In the increasing arena of manufacturing enterprises, tech parks, and special economic zones, it is really incredible that India today is considered as the fastest growing economy in the world. But there is a harsh reality hidden in the story of shining India. Today, we are one of the top carbon emitters in the world. Among the 100 most polluted cities of the world, 33 are Indian. Our CO2 emissions are on all time high and our global warming levels are increasing exponentially. Though changing climatic conditions due to excessive emission of Green House Gas is not only a story of India, but it is the pain of the entire world and every country is looking for innovations that can reduce pollution. Though changing climatic conditions due to excessive emission of Green House Gases is not only a story of India, but it is the pain of
entire world and every country is looking for innovations that can reduce pollution. This alarming state has made everyone crazy for becoming ecofriendly, and logistics sector is no exception to this; after all, it is one of the major contributors to environmental despoliation. Around 15 percent of the total Green House Gas emission is due to fossil fuels burnt by transportation and logistics sector. Though Logistics and in that matters, Energy, Industry and Agriculture are 4 pillars of economic development, it is rightly said that environment and growth are often understood in mutually incompatible terms,
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especially in India, which is in a great hurry to catch up the economic development. Though Thermal Power is the major source of CO2 emissions but it is impractical to drive without it as it contributes to 59.2% of India’s total electricity production. Agriculture on other hand is undergoing a deep crisis and in this situation, technological advancements in agriculture are the major need to make India selfsustainable. Unfortunately, all major technological innovations impact environment to some extent and thus Agriculture again cannot be touched to renovate harmful emissions. The only sector that can become a game changer in this race is Transportation and here comes into picture the concept of Green Logistics.
Green logistics, in the context of humanitarian logistics, encourages all stakeholders to consider the impact of their actions on the environment. It is often misunderstood that Green logistics is confined to Transportation, but it includes Warehousing, Packaging, and Disposal. Green Logistics in Transportation No doubt that Transportation is the major contributor in Green House Emission. Experts believe that if we could take control over emissions from transport alone, there can be a lot of improvement in the quality of the air we breathe.
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For achieving these feet, there is a need to revive Transportation mechanism. By achieving optimal fuel consumption, we can hit the bull's eye. It is very important to choose the best route to reach a destination in the least time and minimal fuel. Intermodal Transport i.e using more than one mode in single delivery is yet another option that could be used for long-distance shipments. After the e-commerce industry took over, the logistic industry got a revival but now there is a need to take a control over freight vehicles and the emissions caused by them. One solution here could be the use of efficient fuel vehicles. Apart from that, a technological solution such as Route Planning and Mapping System (RPMS) can be a big booster to organize to and fro trips. Green Logistics in Packaging and Warehousing Packaging is yet another aspect which can undergo major changes in order to keep a check on the environment. Use of ecofriendly material with minimum use of Plastic is the elementary requirement. The design of packages must be changed in order to optimize the material used. Less material means less waste and this can be a game changer in the logistic industry. Moreover, the lighter the packages will be, lower will be the fuel required. As far as Warehouses are concerned, the efficiency of warehouse increases by arranging the most frequently picked items closest to the shipping area. Minimizing the travel time
between picking locations can boost up productivity. Logistic parks contribute to reducing logistic costs. Companies with logistic parks have reduced the supply chain cost by as much as 50%. Apart from that, Solar Lit Warehouses can also add multiple advantages. Adoption of Green Logistics is a long journey and destination is still far away. But this path cannot bet taken by one or two players. Everyone should join hands to achieve the achievable. Before planning a freight, companies should have answers to following questions: What kind of vehicles we are going to use and what kind of vehicle shall we use? Is it going uphill or downhill? Once they will have confined answers to these questions, proper calculations could be done to optimize the travel from the environmental point of view.
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Did You Know? Article by Kartik Iyer Akshay Nagpal PGDM - 2017-19 •In India, roadways constitute up to 60% of freight movement while railways account for 32% of the cargo movement. •Of the total warehousing space of about 1,800 million sq ft, the industrial and agricultural segments constitute about 86 per cent and 14 per cent, respectively. •GST has boosted the logistics industry annual growth rate from 12-15% to 2022% •Indian logistics industry is currently worth more than $300 billion. •The first road-worthy cars used a lever instead of a steering wheel to steer. It had a design and functioning like that of a joy stick. Volkswagen named several of its cars after wind. Passat - a German word for trade wind; Golf - Gulf stream; Polo - polar winds; Jetta - jet stream. •The most expensive car ever sold at a public auction was a 1954 Mercedes-Benz W196R Formula 1 race car, which went for a staggering $30 million at Bonhams in July 2013. The record was previously held by a 1957 Ferrari Testa Rossa Prototype, sold in California at an auction for $16.4 million.
FedEx Facts: •Federal Express was created because of founder Fred Smith's belief in emerging technology in the early 1970's, and his recognition of the importance of being able to get components to manufactures, as well as products to consumers, quickly. He was an avid believer that time is money, and was willing to put his own financial resources, as well as elbow grease, behind his budding idea to prove just that point.
•The first FedEx shipment consisted of 186 boxes, sorted by hand on a card table, then shuffled onto one of 14 jets. Now the company has over 684 aircraft, including 11 Boeing 777's that can carry 178,000 lbs of payroll. •To continue their "better service through better technology" trend, in the early '80's FedEx began buying up the 800MHz spectrum in North America. They built towers and created a nationwide wireless data and communications network tied into a FedEx mainframe so that drivers could share tracking information from devices inside their trucks. Keep in mind that this was way before mobile carriers offered a cellular data network!
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Recent Events: Intern Dairies Article by Deyasini Sanyal PGDM - 2017-19 Intern Diaries is an event that was introduced for the first time in the academic year 2016 – 2017. The inception of the event came about from the need to equip the incoming junior batch with information regarding summer placements from the horse’s mouth so that students do not have to go by hearsay. As a part of our endeavour to help first year students clear their doubts and queries regarding the summer placement process and gain insight into what to expect from their internships, Intern Diaries was held on 09.08.2017. We invited guest speakers, currently second year students at SIMSR, who bagged internships in reputed companies. The seniors walked all the attendees through the various stages of the interview and shortlisting process that they went through. They also gave in depth explanations regarding the roles that they worked on in the companies and what was expected from them. This worked as a one stop shop for query resolution and helped in making the resolution process a personalised and one on one interaction. This also helped juniors as they got the chance to interact and get their doubts resolved.
Our speakers were from a wide range of specialisations, including but not limited to operations and marketing. They gave many inputs to the audience and stressed heavily on knowing the core values of the company that one is sitting for and also making sure that the facts quoted in GDs are correct and to the point. With a footfall of over 120 students, we were happy that the event Intern Diaries was a success and glad that we could help provide the necessary inputs for the internship process. We hope and encourage similar overwhelming participation in all future events.
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Intern Dairies Moments
Speakers (Clockwise from the left): Jishnu R - Tommy Hilfiger, Manish Pandey – Daimler, Vinit Parikh- Thermo Fisher, Vipul Varkar – Amazon, Sumeetesh Kanjani – ABRL, Saurabh Butala – Excel Industry, Gaurav Syal – Henkel, Apoorva Pathak – Godrej Interio, Piyush Banarkar – GEP, Sarthak Shukla –Amazon, Raunak Sharma – Thermofisher and our hosts – Hiral and Saharash
Team FORSE at Intern Dairies
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Upcoming Event : GSCM Conference
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We are glad to announce the SIMSR Global Supply Chain Management Conference (GSCM) will be held on Saturday, 16th December, 2017 at K. J. Somaiya Institute of Management Studies & Research, Mumbai. Supply chain management is the art of providing the Right Product, at the Right Time, Right Place and Right Cost to the consumers. Technology, digitization and automation are dramatically changing the supply chain. Supply chain managers must not only create and maintain efficient and effective supply chains but also adapt new strategies to match the fast paced environment prevailing in today’s markets in order to gain a sustained competitive advantage. With this background the Supply Chain management conference with the theme Managing the Supply Chain….. Driving into the future….. is being organized by the faculty and students of KJSIMSR. We aim to provide an interdisciplinary forum for industry professionals, researchers and academicians and students to present and discuss latest developments and applications in the comprehensive areas of Supply Chain Management. It would be interesting to understand the technology and trends that will shape the supply chain in the coming years. The conference presents you with ample opportunities to learn from industry experts and network with the delegates, academic professionals and students. There will be paper presentation sessions based on the following topics: • Internet of Things and SCM • Analytics in Supply Chain • Automation of Supply Chain • Sustainable/Green Supply Chain • Supply Chain for Retail • Infrastructure Logistics • Supply chain Management in Services • Innovations in Supply Chain However papers are invited from other related areas/topics of supply chain as well.
Please visit http://simsr.somaiya.edu/simsr/scm/opsconf/ for further details regarding the registration and other information about the conference.
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Team Momentum
Faculty In-Charge
Dr. J S Lamba Area Chairperson Operations
Designer
Editor
Ajay Yadav
Hiral Shah
Contributors Kartik Iyer | Deyasini Sanyal | Saharash Bhanawat Akshay Nagpal | Shikha Agrawal Arushi Joshi | Karan Jaidka
Senior Team Shikhar Sodhani | Shashank Jain Rohit Soneji | Dheera Varandani | Rohit Radhakrishnan Promotions Team FORSE
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