LAKSHYA- A BEACON OF KNOWLEDGE, APRIL EDITION 2023

Lakshya is an initiative by Club Kaizen which is our monthly supplement designed for people who dare to think above the average and believe in connecting the dots. In an age where technology has taken over every sphere, information is abundant and data is omnipresent, we have conspired to bring to you a collection of thoughtfully created and carefully curated pieces of work by some bright aspiring minds of ICFAI Business School, Hyderabad on the current trends and hot topics in the field of Operations Management and their relevance in different Industries.

Everything is growing at the pace of nanoseconds and hence it is quintessential to know about every minute change in the ecosystem. With Lakshya we aim to present our readers with compact yet explicit articles on vivid topics such as the Internet, Banking, IT, IoT, etc. A fair share of this edition focuses majorly on the banking systems and payment gateways. With the constantly evolving technology, it will be interesting to ponder over changes that could be seen soon.

We look forward to providing the students with some valuable insights and inculcate the passion for reading once again within our readers.

Lakshya is an amazing platform for readers as well as aspiring readers to showcase their talent and pen down their thoughts which in turn will be a gold mine for information for the students of not only IBS but from the outside world too.

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

“If you have knowledge, let others light their candles in it."

Welcome to the 59th edition of “LAKSHYA”, our monthly supplement designed for people whotake that one extra step to reach perfection. To step above the average, one needs to strive for excellence. That is exactly what we aim to achieve here. Preaching continuous improvement since its inception, Club Kaizen brought forward this magazine, which enables young writers to garner a platform where they can learn, grow and re-learn new things every day. A magazine is a tool that aids students and professional managers to get deeper insights into the current trends and latest happenings around the world.

Lakshya is an amalgamation of articles from corporate professionals, faculties, and students from reputedorganizations and institutions all acrosstheworld.Thearticlespublished throughLakshyaaims to provide a hands-on experience from great minds and business leaders who wish to inculcate theoretical concepts and strategies with practical implementation. We all collectively wish to bring in the best, organic and fresh ideas from the young pool of budding managers as well.

Also, the most important aspect of a magazine is that it provides a platform for students to enhance and improvetheirwritingskills,itwouldalsocreatean environmentforthemto enrichtheirthoughtprocess where they research and write articles.

We hope that you like this issue and please let us know if there are any areas or topics that you'd like us to address in upcoming editions. Please write to us and become a part of this discussion.

Email ID: kaizenclub.ibs@gmail.com

Club Kaizen – IBS Hyderabad

Batch 2022-24

ANKIT GOTHI CRAFTS HEAD

From the Mentor’s Desk

In the era of competition, students must 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 the 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 endeavor of knowledge creation through LAKSHYA.

Dr. Nishit Kumar Srivastava Mentor, Club Kaizen

FACULTY’S INSIGHTS

Dr. Suchismita Swain

Faculty Associate, Department of Operations Management and IT IBS, Hyderabad.

Improving Medical Waste Management in Healthcare Facilities: A Review of Current Practices and Strategies

Introduction

Healthcare Waste Management (HWM) is a significant issue in many of the world's developing nations. Health, safety, and environmental problems for all parties involved in such societies might result from shortcomings in HWM. The cost of managing healthcare waste worldwide is projected to experience a compound annual growth rate of 5.3%, increasing from $11.77 billion in 2018 to $17.89 billion in 2026 (RD Reports and Data, 2020). Several countries undergoing economic transition are anticipated to experience a significant surge in healthcare waste generation as a result of stringent government regulations and the ongoing COVID-19 pandemic (RD Reports and Data, 2020).

The already unsustainable growth in the production and disposal of medical waste was drastically intensified in 2020 by the COVID-19 pandemic, which poses an immediate risk that could potentially result in environmental pollution and a public health emergency if not adequately contained and managed. According to research, before the COVID-19 pandemic, more than 50% of the global population faced potential hazards from environmental pollution and public health concerns due to inadequate medical waste disposal. The World Health Organization (WHO) has reported that contaminated syringes have resulted in approximately 21 million new infections of hepatitis B, 2 million new infections of hepatitis C, and 260,000 new infections of HIV, which collectively account for nearly 32%, 40%, and 5% of all new conditions, respectively (WHO, 2018). Furthermore, a study conducted in 24 countries undergoing economic transition revealed that 18% to 64% of healthcare facilities do not employ appropriate methods for medical waste

disposal. The study concluded that, on average, only 58% of facilities in 24 low-income countries had adequate and safe healthcare waste disposal procedures in place.

Hospital Waste Management

Hospital waste management encompasses the procedures involved in the proper handling and disposal of the various types of waste generated by healthcare institutions, including hospitals, clinics, and laboratories. Hospital waste can be categorized into infectious, hazardous, or general waste and necessitates specific handling and disposal practices to ensure the safety of healthcare personnel, patients, and the environment.

Effective hospital waste management practices involve the segregation, collection, storage, transportation, treatment, and disposal of different waste types in a safe and sustainable manner. The various kinds of waste generated by hospitals comprise infectious waste, such as contaminated dressings andused syringes, sharpswaste,suchas needlesandscalpels, pharmaceutical waste,such as expired drugs, and chemical waste, such as disinfectants and laboratory reagents.

The hospital waste management practices implemented may differ depending on the geographic location and available resources of the healthcare facility, in addition to local regulations and guidelines It is imperative to have effective hospital waste management practices in place to prevent the transmission of infections and diseases, safeguard healthcare workers and patients, and minimize the adverse environmental impact of healthcare facilities.

Classification of Hospital Waste

Hospital waste can be classified into different categories based on its properties and potential risks. The most common classification of hospital waste includes the following categories:

a. General waste: This includes non-hazardous waste similar to household waste, such as food waste, paper, and plastic. General waste poses a low risk of infection or contamination.

b. Infectious waste: This includes waste contaminated with pathogens, such as blood, bodily fluids, and laboratory cultures. Infectious waste poses a high risk of infection and must be handled and disposed of carefully.

c. Sharps waste: This includes waste that can puncture or cut, such as needles, syringes, and scalpels. Sharps waste poses a high risk of injury and infection and must be disposed of in specialized containers.

d. Chemical waste: This includes waste that is by laboratory and diagnostic procedures, such as disinfectants, solvents, and heavy metals. Chemical waste poses a risk of chemical contamination and must be handled and disposed of in accordance with specific regulations.

e. Radioactive waste: This includes waste that is generated by diagnostic and therapeutic proceduresinvolvingradioactivematerials,suchasnuclearmedicine.Radioactivewasteposes a risk of radiation exposure and must be handled and disposed of in accordance with specific regulations.

Methods to Manage Hospital Waste

a. Incineration: This involves burning waste materials at high temperatures to reduce the volume of waste and kill any infectious pathogens. Incineration is commonly used for infectious and sharps waste.

b. Autoclaving: This involves using pressurized steam to sterilize waste and reduce its volume. Autoclaving is commonly used for infectious waste and laboratory waste.

c. Chemical disinfection: This involves using chemicals such as chlorine or sodium hypochlorite to disinfect waste and render it safe for disposal. This method is commonly used for infectious waste.

d. Landfilling: This involves disposing of waste in aspecially designed landfill, where the waste is isolated from the environment. Landfilling is commonly used for general waste and noninfectious medical waste.

e. Recycling:This involves recoveringvaluablematerials from waste, suchas paper,plastic, and metal. Recycling is commonly used for non-infectious medical waste, such as packaging materials.

The effective management of hospital waste requires reducing waste generation and implementing sustainable waste management practices, including waste reduction, segregation, and recycling. The appropriate waste management method depends on the type and volume of waste and local regulations. Planning and carefully implementing sustainable waste management practices can minimize the negative impacts of hospital waste on public health and the environment.

Precautions/ Practices

If you are involved in the disposal of hospital waste, it is important to follow certain safety guidelines to protect yourself and others. Here are some tips to keep in mind:

a. Wear appropriate personal protective equipment (PPE): When handling hospital waste, it is important to wear gloves, gowns, and other PPE as required to minimize the risk of exposure to infectious materials.

b. Follow proper waste segregation practices: Segregate different types of waste at the source to prevent contamination and ensure that each type of waste is handled and disposed of appropriately.

c. Use designated containers for sharps: Sharps waste, such as needles and scalpels, must be disposed of in designated puncture-proof containers and labeled with appropriate warning signs.

d. Do not overfill waste containers: Overfilled containers can pose a safety risk and may make it difficult to close and seal the container properly.

e. Follow established procedures for waste handling and disposal: Make sure you are familiar with the procedures for handling and disposing ofdifferent types of hospital waste, and follow them carefully to minimize the risk of exposure to infectious materials.

f. Properly label waste containers: Clearly label all waste containers with the appropriate waste category and other necessary information to ensure safe handling and disposal.

g. Wash your hands thoroughly after handling waste: After handling hospital waste, be sure to wash your hands thoroughly with soap and water to minimize the risk of contamination. By following these safety guidelines, you can help to minimize the risk of exposure to infectious materials and protect yourself and others when handling and disposing of hospital waste.

Biomedical Waste Situation in India

In July 1998, the Government of India, through the Ministry of Environment and Forest, first announced the Biomedical Waste Management (BMW) rules. In India, the issue of BMW was made worse by the fact that scavengers would sort through open and unprotected healthcare waste without using gloves, masks, or shoes, with the intention of recycling it. Additionally, there was a problem with the reuse of syringes without proper sterilization (WHO-2004).

Between2002and2004, theInternationalClinical EpidemiologyNetworkinvestigatedtheexisting practices, setup, and framework for biomedical waste management (BMWM) in primary, secondary, and tertiary healthcare facilities (HCF) across 20 states in India. Their findings revealed that approximately 82% of primary, 60% of secondary, and 54% of tertiary HCFs in India did not have a credible BMWM system in place.

According to information found on the Government of India website, 484 TPD (tonnes per day) of BMW are produced nationwide from 1,68,869 HCFs. Sadly, just 447 TPD are treated. 37 TPD is not addressed, too. 28 CBMWTFs (Common BMW Treatment Facility) are currently being built, leaving 198 CBMWTFs in service. There are 1,31,837 HCF using CBMWTFs, and around 21,870 of those HCFs have on-site treatment centers.

According to the BMW Rules, 1998 and as amended, any HCF or CBWTF operator who wants to use other cutting-edge and improved technologies than those listed in Schedule I of the Rules must contact the Central Pollution Control Board (CPCB) to have the necessary standards established so that the required authority can consider granting authorization. For the treatment of BMW, the CPCB gave conditional or preliminary approval to new technologies between 2010 and 2013 (except than those that were disclosed under the BMW Regulations). They include sharp blaster (needle blaster), plasma pyrolysis, waste sharps dry heat sterilisation and encapsulation, and PIWS 3000 technology (Static/Mobile).

Conclusion: This article highlights the need for further exploration in the field of medical waste disposal to address the growing global demand for it. The rise in healthcare usage due to various factors has led to increased production of medical waste and put a strain on existing disposal systems. Current disposal methods involve sorting waste at healthcare facilities and treating it through incineration or autoclaving, which have drawbacks such as adverse environmental and health effects. To minimize the impact of medical waste, generating less waste is the most effective approach.

About Author

Prof. Swain is working as a Faculty Associate at IBS, Hyderabad. She has done her Ph.D in the area of Operational practices in Healthcare Sector. She has a total teaching experience of more than ten years. She has published many publications in national and international peer review journals.

CORPORATE ANGLE

Mr. Akhil Sreenadhu

Technology Risk Analyst Ernst & Young Pvt Ltd.

The Role of Technology in Operations Management

Modern technology has completely changed how businesses run operations, resulting in higher productivity, lower costs, and better results. According to McKinsey, digitizing operations management systems is a crucial first step in building an organizational culture of ongoing innovation. The application of efficient digital business strategies is supported by using digital technology, such as the Internet, in managing activities in both the public and private sectors. Managers must define the tasks that technology should be able to complete, participate in the selection of that technology, oversee its installation, integrate it into the rest of the business, and maintain and replace it as needed. Business managers need to be at ease learning new technologies andadaptingtochangebecausebusinessesandemployeesrelyontechnology tohelpbuildefficient business practices. Business process automation (BPA), when utilized to supplement or replace human tasks and procedures, can also improve effectiveness, save time, and minimize errors in operations management.

Today's conception ofvaluecreationis primarily influencedby ecosystems interacting intelligently and autonomously. The pervasive experiment of digitizing every operational function recognizable in enterprises rings the death knell for conventional software and methods to manage manufacturing along whole supply chains. These sweeping business changes often result from the use of big data strategies, which are done "to generate value for the organization by optimizing, adapting, or drastically changing the operations model."Due to the digitization of digital products or (connected) services, or, at the very least, increased convenience and productivity due to the intelligent interpretation of gathered data linked to autonomous process flows, expectations of current and potential new customers across nearly all industries are rising. As a result, a request for papers for this PPC's special issue was put out in 2016. What it means for operations management

(OM) to digitize "everything" piqued our curiosity. We were interested in how businesses dealt with value-added services, internal digitization of processes, and value chains. We were interested in learning what factors affect how things, services, and their creation became digitized. Therefore, this special issue's emphasis is primarily on getting valuable insights. We will be able to gain knowledge from several real-world examples and understand how manufacturers and businesses in theservicesector deal with theproblem ofdigitizing processes,services, andexclusiveproducts.

A few technological tools used in operations management -

a. Data analysis: Data analytics is choosing pertinent data for investigation and making choices based on the knowledge it offers. This study is carried out to support or refute existing business hypotheses, enhance business decision-making, and maintain business operations.

b. Satellite Workers: The number of workers using home offices has increased, making it more challenging to keep an eye on employees than just peering over the adjacent cubicle wall. Management can only aspire to have an accurate barometer to gauge the production from satellite offices or remote workers using technology.

c. Project Management: Project management covers various topics, such as keeping track of work, managing deadlines and budgets, and simplifying communication. Teams may collect and track the lifecycle of multiple projects using technology, regardless of where they are.

d. Communication Techniques: Global competition is a concern for today's enterprises. Competitors must feel comfortable using communication technology when a face-to-face meeting is impossible. A team of clients on the other side of the world can now be spoken to directly in real time.

The following are a few necessary actions to open the door for ongoing innovation:

a. Explain the justification for the change and your team's objectives. Determining the desired goal is crucial, whether democratizing innovation or upskilling staff to develop the skill sets required for the future operating model.

b. One can accurately determine its strengths and flaws by evaluating the management system's current state against time-tested management principles.

c. Assemble the appropriate cross-functional team (including HR, IT, legal, and others) to create the initial minimum viable product. If an established management system exists, consider using process mining and value-stream mapping to advance current practices technologically. If there is no management system, begin small with an MVP toolkit and gradually expand.

About Author:

Akhil Sreenadhu has been working as an Analyst at EY for the past year. He has completed his MBA from the ICFAI Business School. He had served as an intern in the field of business at one of the firms in Delhi. He is interested in learning about various businesses and how they operate to maximize profits.

Mr. Karun Bansal Associate Consultant Tata Consultancy Services Ltd.

The European Foundation for Quality Management Model is not always a Silver Bullet to Success

The European Foundation for Quality Management (EFQM) model has been widely used by organizations across Europe to drive continuous improvement and achieve excellence in various areas of their operations. However, despite its popularity and widespread adoption, the EFQM model is not without its setbacks. Many organizations that have used the model have faced significant challenges and obstacles that have hindered their progress toward achieving their goals. In this article, we will look at some major setbacks associated with the EFQM model and explore ways organizations can overcome these challenges to maximize the benefits of using this popular quality management tool. So, if you're a business leader or quality management professional looking to improve your organization's performance, read on to discover the pitfalls to avoid when implementing the EFQM model.

Understanding the EFQM Model

Before we delve into the setbacks associated with the EFQM model, it's essential to understand the model and how it works. The EFQM model is a framework for quality management which is developed by European Foundation for Quality Management. It is based on the principles and concepts designed to help organizations to achieve excellence in various areas of their operations, leadership, strategy, people management, partnerships, resources, processes, products & services, and customer results. It is designed to be flexible and adaptable, allowing organizations to tailor it to theirspecificneeds andrequirements that eventually provides astructured approachandenhance the quality management.

Criticisms of the EFQM Model

Despite its popularity and widespread adoption, the EFQM model has attracted its fair share of critics. Some of the most common criticisms of the model include its complexity, lack of clarity, and difficulty implementing it effectively. Another criticism of the EFQM model is that it tends to focus on the quantitative aspects of quality management, such as metrics and data analysis, while neglecting the softer, more qualitative aspects of quality management, such as culture, values, and employee engagement. This can lead to a narrow focus on performance metrics and a lack of attention to the human aspects of quality management, which can ultimately reduce the model effectiveness.

Lack of Flexibility in the EFQM Model

One of the major setbacks of the EFQM model is its lack of flexibility. While the model is designed to be adaptable and customizable, it can be difficult for organizations to modify the framework to suit their specific needs and requirements. This can make it challenging for organizations to implement the model effectively and achieve the desired outcomes.Another issue with the lack of flexibility in the EFQM model is that it can lead to a one-size-fits-all approach to quality management. This can be problematic for organizations operating in diverse industries with unique requirements and challenges. It can also lead to a lack of innovation and creativity, as organizations may be reluctant to deviate from the prescribed approach.

Limited Applicability of the EFQM Model

Another major setback of the EFQM model is its limited applicability. While the model is suitable to certain types of organizations, such as manufacturing and service industries, it may not be suitable for organizations in other sectors, such as healthcare or education. This can be particularly problematic for organizations looking to implement the EFQM model to drive continuous improvement and achieve excellence. If the model is not well-suited to the organization's specific needs and requirements, it may not be effective in achieving the desired outcomes.

EFQM Model's Failure to Address Organizational Culture

Another major setback of the EFQM model is its failure to address organizational culture. While the model provides a structured approach to quality management, it does not consider the cultural factors that can influence an organization’s performance.

The EFQM Model’s Emphasis on Quantitative Data Over Qualitative Data

Another major setback of the EFQM model is its emphasis on quantitative data over qualitative data. While the model provides a structured approach to data analysis and metrics, it can lead to a narrow focus on performance metrics and a need for more attention to the softer, more qualitative aspects of quality management. This can be particularly problematic for organizations that operate in industries where the human element is critical to success, such as healthcare or education. Organizations may struggle to achieve the desired outcomes and drive continuous improvement without focusing on the softer, more qualitative aspects of quality management.

Alternatives to the EFQM Model

Despite the setbacks associated with the EFQM model, organizations can use several alternative quality management frameworks to achieve excellence in various areas of their operations. Some of the most popular alternatives to the EFQM model include the ISO 9001 standard, Lean Six Sigma, and Total Quality Management (TQM). Each framework has its strengths and weaknesses, and organizations should carefully consider their specific needs and requirements when selecting a quality management framework.

Conclusion

Weighing the Pros and Cons of the EFQM Model

In conclusion, the EFQM model is a popular and widely used framework for quality management that has helped many organizations achieve excellence in various operations. However, the model has its setbacks, including the need for more flexibility, limited applicability, failure to address organizational culture, and emphasis on quantitative data over qualitative data.

Organizations considering implementing the EFQM model should carefully weigh the pros and cons of the model and consider alternative quality management frameworks that may be better suited to their specific needs and requirements. By doing so, organizations can maximize the benefits of quality management and drive continuous improvement in their operations.

About Author

Mr. Karun Bansal is a professional with 15 years of in-hand experience at TATA Consultancy Services. He is currently working in London as an Associate Consultant. He is highly experienced as an Agile and Scrum Coach, Release Train Engineer, and Consultant with an outstanding track record of accelerating enterprise-wide performance and development quality. His expertise includes leveraging comprehensive knowledge of Product and Portfolio Management tools to navigate emerging obstacles. He is also skilled as a communicator and collaborator, able to forge strong working relationships with key stakeholders and internal team members to promote cohesion and enhance capacity.

EMERGING MANAGERS

Mr. Priyam Sisodia MBA, 2022-2024 SIBM - Bengaluru

ERP programs to improve schools' and universities' operational effectiveness

We live in a space where technology is growing to leaps and bounds and demands human skills to adapt to new technological changes and advancements in technology boom in every industry and thus the educational sector. With the coronavirus, the academic calamity industry was affected abruptly. Those two years were a nightmare for educational institutions. Students faced many difficulties adapting to the online mode of learning. Online lectures and online exams have affected children's eyesight. They missed socialization, playing on the school grounds, learning together, group activities and many other opportunities were missed by them.

Covid put a complete stop to schooling and learning. This forced organizations and educational institutions to use e-education platforms to facilitate distance learning and boost operational effectiveness.Thismethodhasgainedpopularitybecauseiteffectivelyaddressestheproblemswith institutional amendment efficiency. This technology can improve operational efficiency by automating some processes due to corporate resource planning software, which makes processes run more smoothly.

Colleges and School ERP Solutions Improve Operational Efficiency

Like the business, various processes are synchronized while keeping the schools and colleges. Throughout the lockdown, the educational sector has seen a significant shift as a result of the adaptation and deployment of new technology. This prompts educational institutions to transform into online learning platforms to support distant learning. Using virtual means to change institutional activities, both academic and non-academic, is a difficulty that is well addressed by this strategy. ERP solutions assist organizations in ensuring the efficiency and effectiveness of all everyday operational tasks.

Work process automation

Digitally organizing tasks that are intellectual in nature is a little difficult. Universities should modify their everyday operational activities in order to get around this. The continuous flow of information and data increases the chance of errors and wastes time. These elements play a part in the unfinished chores that remain. Nonetheless, everything could result in operational effectiveness with ERP cooperation. ERP solutions can handle any excess information and data because they are technologically advanced.Theintegrationofnumerouscollegeorschool workprocesses simplifies things for the institutions. ERP software ensures seamless efficiency, transparency, and synchronization across all departments in addition to increasing operational efficiency, along with planning various operational operations for administrators, colleges, instructors, parents, students, and the school ERP help in analyzing and accessing data for enabling intelligent decisions. Mundane task automation decreases workforce expenditure and facilitates rapid decision-making.

Promoting data security

The most significant asset of every school or university is its data. The information may be academic or not. A data leak might raise privacy issues and harm the institution's reputation. Institutions are closed, making data security an even bigger issue for all parties. The impact of a data leak can be catastrophic for operational effectiveness.

Student data in academic processes, such as report cards and exam results, are more susceptible to manipulation. Also, it is possible for dues and fee-related information to be lost or stolen, which affects the organization's budget. Also, hackers have the option of interfering with emails for their convenience.

Yet thanks to the use of a robust ERP software solution, any size education institution may now guarantee data security & backup. These systems can protect all of the institutions' operations because they are combined with various cutting-edge security features. In turn, this will contribute to greater operational effectiveness and personnel productivity. The adoption of ERP solutions is rapidly increasing right now. These software solutions provide enormous convenience. The systems aid in streamlining repetitious tasks, saving a great deal of time and preserving operational effectiveness.

Streamline management of data

An institute has different departments, and each has its specific tasks that they carry out without fail. At the same time, they must manage a mountain of paperwork; for example, teachers must keep track of students' academic progress in various extracurricular and educational activities. The administrative division must simultaneously track the institute's monthly or yearly expenses. The administration department must record the cash transactions, the students who participated in the assignments, etc., as the institute runs several events and activities throughout the academic year. Thus, institutes require technologies like the student management system to enable centralized data management to record and retain such a dynamic data collection.

Cost efficiency

The institutions must ensure they implement a high education system that incorporates innovative techniques. They also need to ensure that inefficient procedures don't impair institutional performance, although higher workloads often hurt the administrative department the most. Yet, if the institutions incorporate the right technologies based on their requirements, it helps streamline most of the tiresome chores. Moreover, solutions like ERP software link several systems into a user-friendly platform, allowing the admin to share the data gathered with various departments. Also, it relieves stress on the institution's staff, saves labor hours, eliminates errors, quickens all procedures, and boosts workflow efficiency, all of which reduce operating costs.

Benefits of implementing education ERP

• Improves resource management.

• Paperless campus management.

• Efficient administration.

• Automates payment process.

• Secured student information system.

• Initiates online examination and results.

• Recording of attendance through a biometric system.

• Increases daily productivity.

• Quality education.

• Manages campus expenses, thus making it cost-effective.

• Potential for new opportunities

Boost effective communication

Each institution, whether a school, college, or university, must prioritize communication. During physical and social distancing, institutions' internal and external communication demands critical study. For a customized experience, the majority of institutions use bespoke ERP systems. This creates a productive contact line for parents, instructors, and students. Increasing communication by integrating several mobile applications tailored to each institution's stakeholder is best. The student's application provides updates and notifications on the timetable, exam schedule, assignment due date, events, etc. The teacher's app is similar in that it offers up-to-date attendance records, check answer sheets, projects, information about the syllabus, a timetable, etc. Parents and non-teaching personnel can quickly use this knowledge to improve the flow of communication between each stakeholder.

Specific modules significantly improve communication in schools, colleges, and universities. The primary module in ERP integration which sends updates to the stakeholders through message on personal mobile devices. For more personalized communication, several ERP systems are furnish with an in-built messaging system that allows staff, students, and non-teaching staff to share confidential information privately and instantly. Parents and non-teaching staff can immediately apply this information to enhance communication between all parties.

Fewmodulesnotablyenhancecommunicationineducationalsettingslikecollegesanduniversities. The main module is SMS integration, which uses messaging on personal mobile devices to provide updates to stakeholders. Several ERP systems have an integrated messaging system that enables instructors, students, and non-teaching staff to rapidly and privately share sensitive information for more individualized communication.

Conclusion

ERP software has enormous advantages for organizations to carry out daily tasks. This software helps educational institutions to perform academic and non-academic activities. The advantages and benefits are mentioned in the above context. ERP software has changed how educational institutions aremanaged. Everyone involvedin the educational process can connect to the data they require and gain more awareness.

Ms. Kasaraneni Jeevitha MBA,

2022-2024

IBS Hyderabad

Green Logistics

Green logistics chronicles all attempts to measure and minimize the ecological impact of all the logistics-related activities, which includes all activities of the forward and reverse flow of product information and services from the point of origin to the end of utilization. It aims to create a sustainable company value using a balance of economic and environmental efficiency. Greenlogisticsoriginatedinthemid–the1980s.Itwasaconcepttocharacterizelogisticssystems and approaches using advanced technology and equipment to minimize environmental damage during operations. In addition to increasing diversity and dynamics, environmental issues have become more critical. Social, political, and economic demands for sustainable developments force organizations to reduce the effect on the environment of their supply chains and to develop sustainable transport and supply chain strategies, they are strong interactions between the logistics environment and natural resources in addition to the approach of logistics is interdisciplinary holistic and cross–company.

Essentials of Green Logistics

Green logistics is a term used to describe attempts to reduce the ecological impact of the logistics industry in the broader environment. this includes activities of the forward and reverse flows of products and supply chain functions between the point of origin and consumption. This includes reducing carbon emissions, lowering energy costs, and cutting waste. Managers and CEOs require the necessary skills to understand the issues, reduce emissions, and make supply chains cleaner and more sustainable. Successful implementation of green logistics will reduce costs for companies. Shifting to a green economy could create 24 million new jobs globally by 2030.

A cradle–to–cradle approach for Green logistics

Green logistics also includes cradle-to-cradle design, according to Peter Galliker. According to him, all the ecological data and factors enable businesses to approach their logistical operations holistically. Green logistics helps companies to reduce the adverse environmental effects of the production and packaging of their goods. Technology is the strongest bet to improve industrial efficiency and reduce carbon emissions. It has been changing the logistics sector for the better in the last decade, but even more significant transformation is ahead of humans. In order to save energy, routing systems assist automobiles in taking the shortest and least crowded route possible. Similarly, efficient 3D freight planning can reduce unnecessary trip distances. For instance, TIMOCOM, a pan-European logistics exchange company with headquarters in Germany, assists companies in finding and offering free vehicle space, allowing them to avoid costly empty drives and their adverse environmental effects.

Sustainable in logistics across the globe

Logistics can be made sustainable through the single key question one should understand and grapple with one around. What happens when we burn fuel, there's simple chemistry behind it, If we burn any hydrocarbon-based fuel combined with air, we get water and carbon dioxide, which warms the planet. The transportation sector of logistics and human movement all connected is not a manageable job in reducing the co2, which eventually fails to improve performance. Over the decades, carbon emissions, nitrous oxides, and other harmful emissions have been released into the atmosphere, further enhancing pollution. These are some of the risks that are associated with science and logistics.

Challenges

Exaggerate of fossil fuels, especially in transport: The sector's dependence on gasoline for goods transportation has yet to be weaned with effective, economically viable options. Impact of lastmile deliveries on urban traffic: In large cities, deliveries made specifically for online retailers

have significantly expanded the number of delivery vehicles, many of which run with partial loads when faced with mixed orders. A few challenges are described here:

1. Fossil fuel vulnerability: particularly in transportation use of fossil fuels, particularly in transportation. The sector's dependence on gasoline for goods transportation has yet to be weaned with effective, economically viable options.

2. The effect of last-mile deliveries on urban traffic: In large cities, deliveries made specifically for online retailers have significantly expanded the number of delivery vehicles, many of which run with partial loads when faced with mixed orders.

3. A lack of infrastructure Emission restrictions are being regulated by local authorities. Creating new facilities that satisfy the needs of people engaged in logistics activities, however, requires cross-sectoral cooperation.

4. Companies that must invest: The limited rates and margins involved make it difficult to think about making investments in infrastructure, process automation, or more effective handling equipment, whether logistical operations are carried out internally or externally.

5. Consumers are unaware of the logistics: In general, logistics and the client could be more sustainable. Another area for improvement is that logistics is becoming invisible to the client. When a customer requires, for instance, 24-hour deliveries that prevent you from condensing your loads or maximizing transport flows, it might be challenging to implement green logistics strategies. In addition, logistical expenses are frequently not specified in an invoice or are insignificant. This lessens their significance and, as a result, diminishes the justifications for a company to invest in its environmental sustainability.

Eco-friendly criteria in procurement policies

While evaluating suppliers' proposals, a company's purchasing and procurement policy may include sustainability criteria. They might be referred to as product attributes, such as choosing environmentally friendly packaging and using little plastic. Manufacturing procedures had attained the standards that "mecalux is ISO 14001 certificate, ensures an environmental management system which has implemented in company's global operations" to guarantee good environmental management. Choosing a location close to its facilities was the final step. This method might assess the viability of buying environmentally friendly supplies. For instance, industrial vehicle alternatives are becoming more energy-efficient, reducing greenhouse gas emissions, particularly in the light-duty class. It is also essential to determine if there is financing or a subsidy available to assist with purchasing them.2.

Optimize transport fleet management

The logistics chain's transportation sector has a significant carbon impact. In addition to purchasing cleaner-running vehicles, methods that aid in delivery route planning and prioritize load pooling must be used to reduce emissions. You not only improve fleet management

effectiveness, but you also reduce the overall emissions generated by transportation. Have a warehouse that adheres to standards for sustainable construction and management. The expansion of the logistics industry is fueling the need for new warehouses or compelling businesses to rebuild their infrastructure to satisfy customer demand. In light of this, there are

various ways that eco-logistics might be expressed in warehouse design:

4.0 logistics buildings take center stage: design and construction incorporate territory protection measures that guarantee sustainable building management. The Breeam or Leed certificates are two marks supporting sustainable practices in logistics warehouses. These certificates are given after consideration of factors including the effectiveness of the water and energy use, the use of alternative energy sources, the choice of building materials, and waste management during the entire process. Warehouse monitoring and promotion of energy savings can be executed in different ways. For example, the entire automation of specific processes in the store makes it possible to limit emulating the methodology known as lights-out manufacturing. Using adaptive packaging alternatives that are more adaptable or using little packaging on items to reduce resource waste are additional ways to adhere to sustainable logistics practices.

Enable measures to reduce and recycle the waste produced in your warehouse: One of the measures to help apply environmental logistics in a warehouse is to use sustainable criteria to manage the generated waste. For example, establish a waste sorting process according to materials to be recycled. Roll back in-warehouse paper usage by implementing IT solutions like Easy WMS warehouse management software.

Improve stock management and reverse logistics processes: Achieving a more efficient storage facility follows one of eco-logistics core principles: reducing waste through overall process improvement. Some measures to accomplish this are: Scale down movements within your warehouse through good storage location management and optimized picking plans Prevent stock damage caused by manual handling of goods.

The field of green logistics is expanding for several good reasons: Green logistics practices give businesses a competitive advantage. They not only differentiate and revalue your brand but also prepare your business for the inevitable need for sustainability in the future. Energy-saving techniques ensure that a business is ready to comply with environmental standards and are a successful way to deal with rising supply costs. As we go green inside our firm, we also give our customers our experience managing all sorts of warehouses to make them more effective and sustainable

Ms. Rutuja R. Jangale

MBA, 2022-2024 IBS Hyderabad

Capacity Planning: Investigating How Companies Can Use Capacity Planning to Optimize Their Operations and Maximize Their Financial Returns

Capacity planning is a critical process that companies use to manage the number of resources, including equipment, facilities, and labor, needed to meet their production demands. It involves forecasting future demand, identifying the available resources, and creating plans to optimize the utilization of these resources. Capacity planning is a complex process that requires a deep understanding of the business, market trends, and available resources. Companies can improve efficiency, reduce costs, and maximize their financial returns by optimizing capacity. This article will investigate how companies can use ability planning to optimize their operations and maximize their financial returns.

Understanding Capacity Planning

Capacity planning involves evaluating the demand for a company's products or services and determining the resources required to meet that demand. It is a crucial process for any organization that wants to remain competitive, maximize profits, and grow sustainably. Capacity planning is a continuous process thatrequires ongoing monitoring andadjustmentto ensuretheresources remain aligned with the demand.

The primary goal of capacity planning is to ensure that a company has the right resources at the right time and quantity to meet customer demand. The process involves forecasting future demand and then creating plans to optimize the utilization of available resources. The projects should consider the current capacity, potential bottlenecks, and the availability of additional resources, including labor, equipment, and facilities.

This involves several steps, including:

a. Forecasting demand: Companies must forecast demand accurately to ensure they have enough capacity to meet customer needs. They can use historical data, market trends, customer feedback, and other factors to make these forecasts.

b. Identifying available resources: Once the demand has been forecasted, companies must determine the available resources to meet that demand. This includes identifying the equipment, facilities, labor, and other resources needed to meet the demand.

c. Creating plans: Companies must create strategies to optimize the utilization of available resources. This may involve shifting production schedules, outsourcing specific tasks, or investing in new equipment or facilities.

d. Monitoring and adjusting: Capacity planning is an ongoing process that requires monitoring and adjustment as demand and resources change. Companies must continually evaluate their plans and adapt to align with the direction.

Benefits of Capacity Planning: Capacity planning offers several benefits to companies that use it effectively. These benefits include:

a. Improved efficiency: Companies can improve efficiency and reduce waste by optimizing capacity. They can produce more goods or services with the same resources, increasing profitability.

b. Reduced costs: Capacity planning can help companies reduce costs by ensuring they have the right resources at the right time. This can reduce idle time, minimize downtime, and avoid overproduction.

c.Maximized profitability:By optimizing capacity, companies canmaximizetheirprofitability. Theycanproducemoregoodsorserviceswiththesameresources,increasingrevenueandprofits.

d. Improved customer satisfaction: Capacity planning can help companies meet customer demand more efficiently, leading to higher customer satisfaction.

Capacity Planning Strategies: Companies can use several capacity planning strategies to optimize their operations and maximize their financial returns. Some of these strategies include:

a. Demand forecasting: Accurately forecasting demand is a crucial capacity planning component. Companies can use historical data, market trends, customer feedback, and other factors to make these forecasts.

b. Resource optimization: Once demand has been forecasted, companies must determine the available resources to meet that demand. They can optimize the utilization of these resources by shifting production schedules, outsourcing specific tasks, or investing in new equipment or facilities.

c. Inventory management: Managing inventory is a critical capacity planning component. Capacity planning is critical for companies that want to optimize their operations and maximize their financial returns. Companies can improve efficiency, reduce costs, and increase profitability by effectively managing their capacity.

In this section, we will explore how capacity planning helps to optimize financial returns.

a. Improved Efficiency: Capacity planning helps companies optimize their operations by ensuring they have the right resources at the right time. By accurately forecasting demand and identifying available resources, companies can create plans to maximize the utilization of these resources. This helps to reduce idle time, minimize downtime, and avoid overproduction

For example, a manufacturing company may use capacity planning to optimize the utilization of its production line. By accurately forecasting demand and identifying available resources, the company can create a production schedule that maximizes the utilization of its equipment and labor.

b. Reduced Costs: Capacity planning can help companies reduce costs by ensuring they have the right resources at the right time. By optimizing the utilization of available resources, companiescanminimizedowntime,reducewaste,andavoidoverproduction.Thishelpstoreduce costs and improve profitability.

For example, a service company may use capacity planning to optimize the utilization of its staff. By accurately forecasting demand and identifying available teams, the company can create a

schedule that minimizes idle time and maximizes productivity. This helps to reduce labor costs and improve profitability.

c.MaximizedProfitability:Byoptimizingcapacity,companiescanmaximizetheirprofitability. By accurately forecasting demand and identifying available resources, companies can create plans to maximize the utilization of these resources. This helps to increase revenue and reduce costs, which improves profitability.

For example, a retail company may use capacity planning to optimize the utilization of its stores. By accurately forecasting demand and identifying available resources, the company can create a store layout that maximizes its space and staff utilization. This helps to increase revenue by improving the shopping experience for customers and reducing costs by minimizing idle time and maximizing productivity.

d. Improved Customer Satisfaction: Capacity planning can help companies meet customer demand more efficiently, leading to higher customer satisfaction. By accurately forecasting demand and identifying available resources, companies can create plans to optimize the utilization of these resources. This helps to reduce wait times, improve quality, and increase reliability, which improves customer satisfaction.

For example, a healthcare facility may use capacity planning to optimize the utilization of its resources. By accurately forecasting demand and identifying available staff and equipment, the facility can create a schedule that minimizes wait times and maximizes the quality of care. This helps to improve patient satisfaction and increase loyalty.

Conclusion

Capacity planning is a critical process that companies use to manage the number of resources needed to meet their production demands. It involves forecasting future demand, identifying available resources, and creating plans to optimize the utilization of these resources. Companies can improve efficiency, reduce costs, and increase profitability by effectively managing their capacity. Companies that want to remain competitive and maximize their financial returns should invest in capacity planning and make it an ongoing process that is continuously monitored and adjusted to ensure that it remains aligned with demand.

Mr. Sanjay. K MBA, 2022-2024

IBS Hyderabad

Online Grocery Business

Operations play a prominent role irrespective of any organization, from manufacturing the product to delivering it to the customers. From reaching the product to the warehouse to retail shelves everywhere, operations play a dominant role, especially in cost-cutting strategies. In one of the organizations where functions work like blood, the relevance of processes at each stage will be explained in detail. It's crucial to consider competitive criteria while developing a grocery store, such as on-time delivery, quick delivery, partnership flexibility, and high quality. The attainment of on-time, swift delivery in relationships with partners and suppliers, including grocery shops, and relationships with customers are essential to process capabilities that must be developed. Additionally, it's crucial to have flexible relationships and channels of communication with consumers, partners, and suppliers.

There are quite a few challenges that many organizations face while setting up grocery stores, whether online or offline. A seven-step methodology creates a road map to set up the proper online grocery store.

Step–1:BusinessModel:Inthisbusiness model,wecalculatethecapitalinvestments,operating expenses, break-even sales, and the return on investment on this particular business and sale forecasting and projecting the sales for the upcoming years. With this, one can understand how much they can spend on marketing and other related expenses. Without a proper business model, if anyone commences the business, it's like playing a game in the dark.

Step – 2: Product category Finalization: Product category plays a prominent role in an online or offline grocery store. One should make a list of classes that one wants to sell. It is essential to design the products based on the location, the margins, and the demand in that particular geographical region.

Step – 3: Layout planning: For a proper store layout, the position of the entry and the exit, the flow of goods inside and outside and the flow of people, the store size, and racks that fit within the store should be aligned with the product category finalization. The layout should be designed to be theft-free, and all the corners should be accessible to the cameras. In the case of ecommerce, one should be very careful of inverting the goods, macro checking and micro checking, packaging, barcoding, and others. The layout size should be designed to be easy to operate, and the turnaround time for each order should be minimized.

Step – 4: Organization structure: Designing the organization structure is hiring people. Plan the human resource for each department and for what position we are hiring them, along with their job profiles in the reporting structures.

Step – 5: Standard Operating Procedures: SOPs are the standard operating procedures for ecommerce supermarkets. One should develop very strong SOPs for the complete order management cycle, right from receiving the order to processing the order to fulfill the other order when it comes to the physical store. The complete SOPs need to be defined. The complete purchase accounts, warehouse, sales, marketing, HR, IT, inventory management, hygiene department, andsecurity areonlineorofflinestores. Foreverydepartment, thestandardoperating procedures need to be defined clearly so that everyone within the organization, from top to bottom, should have a clear idea about the actual process that takes place within the organization. This acts as a bible for the smooth performance of the operational activities within the organization.

Step – 6: Software Evaluation: The most significant step is because the organization's vision is aligned with it. If we want to expand our stores or are running an e-commerce and want to set up a physical store, the software should be capable enough to adapt to both modes. The software should manage multiple chain operations and be competent in handling e–commerce operations in the warehouse, customer relationships, and inventory management. These are the basic modules that one requires.

Step – 7: Recruitment And Training: Make sure that we hire the right people for the correct position. Train the people in their respective work. They should be capable enough to run the store even in the manager's absence.

Specific stages of grocery retail supply chain planning

a. Procurement: Technology will impact sourcing strategy, making it simpler to monitor a supplier's performance based on factors including cost, quality, availability, inventiveness, and environmental impact. To choose a supplier based on previous and projected performance as well as market data, big data analytics will be extremely important. It will be more efficient to segregate products and allocate them in accordance with order trends. Technology will give suppliers access to information about inventory status and Point of Sale (POS) data, allowing for better promotion planning.

b. Warehousing: Increased decision support provided by technologies will impact the quantity, location, kind, and function of warehouses.

c. IoT, CPS, AR, and RFID will operationally enable visualization of indoor placement for all goods, machines, and people. For inbound and outbound order picking, mobile robots and people will be given the best routes and other directions to enhance product handling. Capacity planning is more effective by precisely estimating the needs for workers, machinery, and even shifts based on utilization and efficiency statistics.

d. Distribution: The distribution structure will be changed by technology, which will optimize delivery schedules, frequency, and delivery volumes. RFID and wireless sensor networks with temperature control would be used in tandem to monitor the quality of perishables throughout distribution. Automating inbound logistics, which will enable seamless information flow about entering goods, will alleviate the load on inbound logistics.

Conclusion

The grocery industry is changing primarily due to shifting consumer expectations and tastes. The supply chain, a crucial aspect of the grocery industry, is viewed as a field with enormous potential for technological intervention. Thankfully, technology is keeping up with the changing customer demands. IoT, RFID, CPS, big data analytics, and machine learning are becoming increasingly integrated into the supply chain strategy that directs the food industry. These technologies have the potential to increase automated decision-making and decision support.

MBA, 2022-2024 IBS Hyderabad

ERP: Is it a boon to the supply chain strategy?

Supply chain management is crucial to a company's overall success, particularly in the manufacturing sector. To keep production on schedule, manufacturers rely on their suppliers and partnersto providethemwith theappropriatekind andquantity ofresources at theappropriatetime. Nonetheless, "97% of respondents indicate supply chain management occupies a substantial amount of employee's time," according to a recent 2021 State of Manufacturing Survey. If not handled effectively, supply chain management may be a laborious and time-consuming process that can hinder productivity, cause delays, impair quality, incur extra costs, and lose money.

Supply chain management may become a crucial part of a wise business strategy as manufacturers grow. For easier and more successful outcomes, organizations can substantially benefit from streamlining and optimizing their supply chain management processes using enterprise resource planning (ERP) software.

What Is the Role of an ERP System in Supply Chain Management?

One cannot overstate how important ERP is to supply chain management. ERP software has significantly changed how organizations can operate, and it is directly related to corporate expansion. Successful ERP and supply chain management are essential components of business growth. These technologies, which may be obtained from supply chain specialists like QAD, combine supply chain operations under a single dashboard, enhancing visibility and streamlining cooperation between vendors and suppliers. Software for manufacturing ERP can automate supply chain procedures to increase employee productivity in other areas.

Ms. Gauri Sharma

Benefits of Using ERP in a Supply Chain Management Strategy

a. Efficient Managing Demand & Procurement: Demand planning is automated by ERP, which generates demand when orders are received. The scheduling is carried out by the program when an order is received. Team members may more effectively plan production tasks and product delivery because they have access to real-time information on how resources are being used in production. Managing warehouse resources, material transportation, and other supply chain processes can all be automated or streamlined to increase efficiency.

b. Reliable Processing & Documentation: Invoices can be generated by an ERP system and sent directly to the customer once the products have been delivered. Alternately, make and send the necessary import and export papers for cross-border shipments. Additionally, it automatically compiles a history of shipments and deliveries to assure on-time delivery and better customer service while minimizing errors.

c. Enhanced Collaboration: ERP and supply chain management procedures are particularly useful for streamlining vendor and business coordination. When suppliers have access to your ERP system, they can collaborate with you more successfully to achieve your goals and eliminate bottlenecks. For example, they may identify when specific supply inventories are low and guarantee resource availability.

d. Increased Visibility: Businesses may develop smarter plans for using their resources, from parts to employees, with greater visibility and transparency. ERP software may give your team a thorough, real-time view of company operations, enabling you to pinpoint particular inefficiencies for better results and determine where things are going well and where they are not.

e. Cloud Capabilities: Although there are on-premise ERP system options, cloud ERP software has grown in popularity recently. Mobile access and dedicated data security are two of cloud ERP's main advantages. IfyouuseanERP solutionhosted in thecloud, you canaccess thesystem from any location at any time using a mobile device as long as you have an internet connection. Due to the fast-moving nature of supply chains, this enables rapid action without necessitating the presence of the entire team.

Factors to Consider when Choosing an ERP System

a. Ease of use: ERPs support all aspects of your manufacturing firm, including coordinating your supply chain with your operations. The ideal ERP has user-friendly features for all users, from manufacturing and accounting to shipping and receiving.

b. Cost: Olderhosted ERP systems were expensiveto purchase andmaintain,andthey frequently failed to provide the return on investment they promised (ROI). You get more predictable expenses and a quicker time to value with subscription-based, cloud ERP solutions since they cover all running costs, including upgrades and storage.

c. Ease of Integration: Your ERP can be integrated with a variety of SCM solutions, but manual, custom interfaces can be expensive and difficult to manage. The same data model underlies unified SCM and ERP solutions on a similar platform, enabling native collaboration.

d. Common Data Model: ERPs and SCMs that operate from a single source of truth, a shared data model, guarantee data accuracy. Your team will save a lot of time integrating information and data points by implementing a consistent data model from the beginning.

e. Cloud-Based ERP: With all of your manufacturing business operations and data accessible at any time, from anywhere in the globe, and from any connected device, cloud-based solutions connect every link in your supply chain. This offers you the best visibility possible, enabling you to exert instant control and support where it is most required.

In conclusion, it depends on how an ERP system is chosen, which further defines how well it will benefit Supply Chain Management.

How Does ERP Improve Supply Chain Management & Efficiency?

ERP plays a crucial role in the efficiency of the supply chain in another area, namely business disruption, in addition to facilitating better forecasting, planning, and collaboration. Almost every industry may see market disruptors at some point, and if yours does, you must be prepared to successfully and swiftly adjust to continue doing business.

The COVID-19 epidemic has demonstrated how crucial effective planning and reaction are to maintaining enterprises. In order to create flexible sourcing and more integrated supply chain networks to respond to consumer needs, manufacturers are now putting less emphasis on cost

reductions and more on supply chain adaptability, risk management, and speed. To boost supply chain operations and avoid significant losses when business disruptions occur, performance improvements such as more visibility, quicker decision-making, quick response times, and others are required.

How an ERP system can affect supply chain management functions?

a. Supply Chain Planning: In order to make sure that manufacturing can keep up with demand from customers, supply chain planning entails choosing the right marketing channels, managing promotions, and controlling the stock quantities and inventory needed. Hence, ERP systems provide a simple and flexible means of establishing and altering the parameters within which the supply chain functions.

b. Global Visibility: The ability to see SCM data with role-based or permission-based access has long been a hallmark of ERP software. Manufacturing companies can use the ERP to understand how and where their inventory is placed across the supply chain. As a result, management will be able to draught a well-planned production.

c. Evaluate Vendor Performance: ERP systems make it simpler for a company to evaluate both quantitative and qualitative aspects of different vendors. This aids management in improving performancein thepresent market andmaking betterjudgments. It facilitates ongoing monitoring and assists the purchasing department in choosing the vendor or supplier. Such information can aid in better negotiating when moving vendors.

d.AutomatedCustomerServiceProcess:Manybusinessesrely on enterpriseresourceplanning to streamline their customer service operations. Employees can ensure that their clients receive consistent care and that the back-office process is not hampered thanks to ERP's streamlined customer service experience. Automating all other resources enables businesses to foresee new items and respond to clients swiftly.

Ms. Kalyani Bhatt

MBA, 2022-2024 IBS Hyderabad

Metal Manufacturing Energy Efficiency

As the world's demand for metals grows, the metal manufacturing industry is under increasing pressure to produce more while reducing its environmental impact. One way to achieve this is by improving energy efficiency in metal manufacturing. In this article, I will discuss the advantages of energy efficiency in metal manufacturing, common energy wastage, strategies for improving energy efficiency, case studies of successful energy efficiency projects, tools and technologies for measuring energy consumption, best practices for implementing energy efficiency projects, regulatory incentives and programs, and future trends.

Advantages of Energy Efficiency in Metal Manufacturing

Improving energy efficiency in metal manufacturing has several advantages. First, it can reduce energy costs significantly. Energy is a significant expense for metal manufacturers, and improving energy efficiency can lead to substantial cost savings. Second, it can reduce greenhouse gas emissions and other pollutants that contribute to climate change and air pollution. This can help metal manufacturers comply with regulations and improve their environmental credentials. Third, it can improve the reliability and resilience of the energy supply by reducing the reliance on external energy sources. Finally, it can enhance metal manufacturers' competitiveness by lowering operating costs and improving their reputation.

Common Energy Wastage in the Metal Manufacturing Industry

There are several familiar sources of energy wastage in the metal manufacturing industry. One is inefficient equipment, such as outdated furnaces or motors. These can consume more energy than necessary to produce the same output. Another is poor maintenance practices, such as failing to clean or lubricate equipment regularly. This can reduce the efficiency of the equipment and

increase energy consumption. A third source of energy wastage is process inefficiencies, such as overproduction, idle time, or excessive scrap. These can lead to optional energy consumption to produce the desired output.

Strategies for Improving Energy Efficiency in Metal Manufacturing

There are several strategies for improving energy efficiency in metal manufacturing. One is to conduct an energy audit to identify areas of energy wastage and prioritize energy-saving opportunities. Another is to invest in energy-efficient equipment, such as high-efficiency motors or furnaces. A third is to improve maintenance practices, such as implementing a preventive maintenance program ortrainingstaff on best practices. A fourth is to optimizeprocesses to reduce energy consumption, such as adjusting production schedules or reducing idle time. A fifth is implementing energy management systems to monitor and control energy use in real time.

Case Studies of Successful Energy Efficiency Projects in Metal Manufacturing

In recent years, there has been a growing awareness of the need for industries to reduce their environmentalimpact, particularly concerningenergyconsumption and greenhousegas emissions. In response to this challenge, many metal manufacturers have implemented successful energy efficiency projects, significantly reducing energy consumption and emissions.

One notable example of this trend is ArcelorMittal, the world's largest steel producer. To improve the energy efficiency of its electric arc furnaces, the company implemented various measures, including upgrading the furnaces with more efficient electrodes and waste heat recovery systems. These changes resulted in a 5% reduction in energy consumption and a corresponding decrease in greenhouse gas emissions. This project is a testament to the potential benefits of investing in energy-efficienttechnology, whichcanreduceacompany'senvironmentalimpact, loweroperating costs, and increase overall efficiency.

Another example of successful energy efficiency in metal manufacturing is Novelis, a global aluminium manufacturer. To reduce energy consumption and emissions, the company implemented a project to improve the energy efficiency of its rolling mills. This project included installing new motors and drives and optimizing the speed and tension of the rolling process. As a result, Novelis achieved a 10% reduction in energy consumption and a corresponding decrease in greenhouse gas emissions. This project is a prime example of how implementing energy-efficient practices can significantly benefit the environment and a company's bottom line.

Overall, the success of these energy efficiency projects in the metal manufacturing industry highlights the potential for other sectors to follow suit and reduce their environmental impact. By investing in energy-efficient technology and implementing best practices, companies can lower their emissions and improve their efficiency and profitability.

Tools and Technologies for Measuring Energy Consumption and Identifying Energy-Saving Opportunities in Metal Manufacturing

Several tools and technologies are available for measuring energy consumption and identifying energy-saving opportunitiesin metal manufacturing.Oneis energymonitoring systems, which can track energy use in real-time and identify areas of energy wastage. Another is energy modeling software, which can simulate different scenarios and identify the most effective energy-saving opportunities. A third is energy audits, which can provide a detailed analysis of energy use and identify specific areas for improvement. A fourth is energy-efficient equipment, which can reduce energy consumption without sacrificing performance.

Future Trends in Metal Manufacturing Energy Efficiency

Several trends will likely drive the future of energy efficiency in metal manufacturing. One is the increasing use of renewable energy sources, such as solar and wind power, to replace fossil fuels. Another is the development of new materials and processes that require less energy to produce. A third is adopting digital technologies, such as artificial intelligence and the Internet of Things, to optimize energy use and reduce waste. These trends will likely result in further energy efficiency improvements and reduced environmental impact.

Conclusion

Improving energy efficiency in metal manufacturing is essential for reducing costs, improving environmental performance, and maintaining competitiveness. By identifying areas of energy wastage, investing in energy-efficient equipment, optimizing processes, and implementing energy managementsystems, metalmanufacturers can achievesignificant energysavings andreducetheir environmental impact. With the support of regulatory incentives and programs, manufacturers can further accelerate their progress toward a more sustainable future.

MBA, 2022-2024 IBS Hyderabad

The Art of Process Analysis: A Blueprint for Streamlining Business Operations

As businesses grow and evolve, it is pivotal to have efficient processes in place for smooth operations. Operations are basically chain of Continues Processes. Therefore, Process analysis is a powerful tool that can help businesses streamline their operations, identify inefficiencies, and optimize their processes. In this article, I will discuss the importance of analyzing the processes for business operations, the steps for conducting it, tools and techniques, and case studies of successful process analysis implementations.

Process analysis is the systematic examination of a business process with the goal of identifying areas for improvement. It involves breaking down a process into individual steps, analyzing each step, and identifying opportunities for improvement. Breaking down of process also gives a detailed overview of base activities and to identify critical ones. Bottleneck in operations refers to a situation where the succeeding activity is unable to processes the already processed material/Product due to capacity Constraints. Processes analysis play an important role in identifying such bottleneck activities. By understanding and optimizing such processes,businessescan ensurethattheyareoperatingat maximum efficiencyand productivity.

The Importance of Process Analysis in Business Operations

Process analysis is important in business operations for several reasons. First, it helps businesses identify inefficiencies in their processes through identifying bottleneck processes. This can lead to cost savings, increased productivity, and improved customer satisfaction (in case of Restaurants and online food platforms). Second, it helps businesses optimize their processes to ensure that there are minimum operating losses. This can lead to improved profitability and a competitive advantage in the marketplace.

Process analysis also helps businesses identify areas where alternate systems or By-pass systems can be implemented in the processes. Through these Businesses can increase their reliability and flexible in some cases. This can lead to faster cycle times, reduced lead times, and improved quality.

Ms. Twinkle Mehta

Steps for Conducting a Process Analysis

The process of conducting a process analysis can be broken down into several steps:

• Mapping out the Current Process: The first step in conducting a process analysis is to map out the current process. This involves identifying all the steps in the process, the inputs and outputs of each step, Time duration and the people or departments responsible for each step. This helps businesses understand the current process and identify areas where improvements can be made.

• Identifying Bottlenecks and Areas for Improvement: Once the current process has been mapped out, the next step is to identify bottlenecks and areas for improvement. This involves analysing each step in the process to identify areas where the process can be streamlined or improved. Bottlenecks are areas in the process where work is piling up or where there is a backlog of work. By identifying bottlenecks and areas for improvement, businesses can optimize their processes to ensure maximum efficiency.

• Creating a New and Improved Process: The next step in conducting a process analysis is to create a new and improved process. This involves taking the findings from the previous step and developing a new process that is more efficient and effective. The new process should be designed to eliminate bottlenecks, to reduce lead times, to increase productivity and improve quality.

• Implementing the New Process: Once the new process has been developed, the next step is to implement the new process. This involves training employees on the new process and ensuring that they have the resources and tools they need to effectively implement the new process. It is importanttomonitortheimplementationprocessto ensurethatthenewprocessisbeingfollowed and that any issues are addressed in a timely manner.

• Monitoring and Measuring the Effectiveness of the New Process: The final step in conducting a process analysis is to monitor and measure the effectiveness of the new process. This involves collecting data on the new process and comparing it to the data collected on the old process. This helps businesses identify any areas where the new process is more effective and make adjustments accordingly.

Tools and Techniques for Process Analysis

There are several tools and techniques that can be used for process analysis:

1. Process Mapping: Process mapping is a visual representation of a process that shows the flow of work and the people and departments involved in each step. Through the map, the examiner gets the overview and can easily identify the bottlenecks. Various symbols are used to denote it.

2. Value Stream Mapping: Value stream mapping is a process analysis tool that shows the flow of work through a process and identifies areas where value is added and areas where

waste occurs. It is a useful tool for identifying areas where the process can be streamlined and improved.

3. Root Cause Analysis: Root cause analysis is a process analysis tool that is used to identify the underlying cause of a problem. It involves asking a series of questions to identify the root cause of the problem and developing a plan to address the root cause. This helps to have a long-term reliability in the operations.

Examples of Successful Process Analysis Implementations

Several examples of businesses have successfully implemented process analysis to improve their operations. One example is Toyota, known for its "lean" manufacturing processes. Toyota uses process analysis to identify areas where waste can be eliminated and processes can be streamlined, resulting in increased efficiency and profitability.

Another example is Amazon, which uses process analysis to optimize its supply chain operations. Amazon uses a combination of process mapping and value stream mapping to identify bottlenecks and areas for improvement in its supply chain processes, resulting in faster delivery times and improved customer satisfaction.

Conclusion

In conclusion, process analysis is a powerful tool that can help businesses streamline their operations, identify inefficiencies, increase productivity, reliability and optimize their processes. By following the steps outlined in this article and using the tools and techniques discussed, businesses can successfully implement process analysis and improve their operations.

ABOUT US

The word “Kaizen”, where “Kai” = change, “Zen” = good, signifies change for the better. In its birthplace Japan, the word Kaizen is imbibed as a process that many small continuous changes in systems and policies bring effective results than few major changes. This methodology applies to every department across different sectors.

Kaizen–TheOfficialOperationsClubofIBSHyderabadhasalwaysbeenaspiring“ConstantChange ad Evolvement”. We, as an organization work to inspire and aspire to the student community for the betterment of the future.

KORE – Kaizen’s Operations and Research Entity, one of our primary wings provide the students with a platform to improve and hone their technical competencies to meet the changing demands of the organizations. KORE’s sphere of influence includes Case-Based Research, Consultancy, Live Projects, and Workshops.LAKSHYA,aninitiativeofKOREfocuses onimprovingthereader's knowledgeabout Operations Management by providing insights in the form of articles on various operation techniques followed by different companies and also updating the emerging trends in the communities.

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Club Kaizen – IBS Hyderabad

Batch 2022-2024

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