Supply Chain A post COVID19 Perspective 6

OUR KNOWLEDGE PARTNER

Club Kaizen is privileged to have The International Supply Chain Education Alliance (ISCEA, USA) as the Knowledge Partner from Lakshya’s 24th edition.

To be a single source for Total Supply Chain Knowledge through Education, Certification, and Recognition is the mission of ISCEA. Many workshops/events are conducted by ISCEA to improve the knowledge of manufacturing and service industry professionals.

ISCEA provides a platform to explore leadership potential to the aspiring leaders in the supply chain industry while developing the skill sets and knowledge desired by corporations, through SCNext (ISCEA Young Supply Chain Professional Association).

Some of the internationally recognized certification programs developed by ISCEA include-

1. Certified Supply Chain Analyst (CSCA). 2. Certified Demand Driven Planner (CDDP). 3. Supply Chain Case Competition.

To know more about ISCEA, visit http://www.iscea.net/india.

We look forward to working with ISCEA in spreading knowledge and reaching greater heights together.

EDITOR’S LETTER

“Today a reader, tomorrow a leader”

Colleges are the best part of our life and magazine is its powerful tool and an integral part of the overall infrastructure and the vision of the college. Magazine becomes a platform for all the students and faculty to express their literary and artistic talents. It also ignites young minds.

I feel extremely honoured by my association with the 24th edition of "LAKSHYA" Club Kaizen’s monthly supplement designed for people who dare to think above the average and believe in connecting the dots. As the editor, it has been a combination of fun, work, meeting, discussions, surfing, browsing, typing and so much more!

I congratulate the entire editorial board for their excellent team work and unflagging efforts for successfully compiling the magazine. This wonderful edition would not be possible without the support of the team. Hard work and dedication of many people have gone in its making. I was very thrilled to receive informational articles from you all showcasing your writing skills and brilliant creativity.

I hope you enjoy reading as much as we enjoyed framing it and have a delightful experience as you flip through every page of this issue. Please let us know if there are any subjects you'd look forward to being addressed in upcoming editions. Please write to us and become a part of this discussion.

Email ID: kaizenclub.ibs@gmail.com

Happy Reading!

GARIMA SONI JOINT SECRETARY INTERNAL AFFAIRS & ADMIN Kaizen – IBS Hyderabad Batch 2020-22

CONTENTS

S. NO. TITLE

1 From the Mentor’s Desk

2 Supply Chain – A post-COVID19 Perspective

3 Importance of Business Operations Management

4 Personal swot analysis

5 Impact of COVID on Operations Management

6 Role of Artificial Intelligence in Marketing

7 Impact of COVID-19 on Construction Industry

8 Online Classes: A step forward or backward?

9 2020 with a PLUS 1

10 Gig economy: virtual is new real

11 Application of Internet of Things in Supply Chain Management of Amazon PAGE NO.

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From the Mentor’s Desk

In the era of competition, it is imperative for students to be prepared for the ever-changing business environment. Knowledge creation plays an important role to learn to tackle the dynamic nature of business.

I appreciate and congratulate the initiative of club KAIZEN for bridging the gap between corporate world and academia through LAKSHYA which is an excellent platform where industry practitioners, academicians and researchers can share their knowledge and experience, acting as a beacon guiding students to reach their goal.

My best wishes to club KAIZEN in their endeavour of knowledge creation through LAKSHYA.

Nishit Kumar Srivastava Mentor, Club Kaizen

Faculties Insight

Supply Chain – A post-COVID19 Perspective

Sivakumar P M Guest Professor - Soft Skills Department IBS Hyderabad

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"The COVID-19 pandemic has prompted us to use every tool at our disposal to address the challenges and opportunities before us." - Sanjay Gupta, Google India

"In the new normal, strong on-ground last-mile assignments and supply-chain support emerged as the backbone of many businesses." - Annanya Sarthak, Align

We all are grappling to come to terms on how to deal with different scenarios post-CoVid-19. Due to CoVid-19, people are not visiting restaurants, malls, markets, cinemas, and other social gatherings.

On the work front, remote working has become the mainstream norm. The CoVid-19 has shown us that the improvisations which are done just in time seem to be the new normal.

Global Supply chains are undergoing a major reshuffle with more focus on nearshoring the supply chains rather than going in with the Chinese anymore.

As Huileng Tan (@huileng_tan) writes, “Global supply chains are set for a major reshuffle as the coronavirus pandemic exposes the vulnerability of countries and companies that rely heavily on a limited number of trading partners.”

Covid–19 induced lockdowns which have put the spotlight on the dependencies of economies and supply chain disruptions.

The past decade has shown that the Supply Chains have become more globalized, specialized with less risk but prone to a major breakdown.

There is an immediate need to assess the risk inherent in the current supply chain structures.

Companies facing Supply chain disruption are calculating the risk against the economic

efficiency. For an effective supply chain, we need to have a proper mix of critical elements.

Companies are evaluating their supply chains, disruption risk assessments, reach the root of their primary vendors, or even further down. This unprecedented uncertainty has led to various aspects of technology coming together to keep the supply chain going on.

Various manufacturers have started or improved their use of technology to reach their customers/consumers while some of them had to alter their strategies.

Businesses and brands have started internal reassessments of their supply chains to maintain their customer connect plans and to manage operations. Online ordering is already playing a huge and critical role in boosting up the economy. As we know already, this is a great shift in customer behavior. Online ordering has reached its zenith in this pandemic as it would be a safer option during a time when social distancing has become the norm.

Major Big Brands are already online, and they can move their business without any hitch. But small Brands, which were reliant on footfalls and physical sales need to change themselves for maintaining their customer database and sales. They have moved their business to an online mode of sales so that their customers continue to buy. They are now delivering from stores-to-end customers with a speed of faster than traditionally accepted e-commerce practices of less than 24 hours to a few hours.

The customer has now omnichannel options for buying which will lead to a significant increase in warehousing needs for the brands. This will entail them to adapt a hyper local delivery model for critical supplies of essential goods across the country.

The outbreak will continue to create difficult situations for businesses all over the world. But this will also provide the opportunity for the companies to strengthen their core competencies, assess supply chain requirements and form partnerships with other experts for all-around optimum benefits. Safety and processes to drive compliances will also be of paramount importan