Posts

Success Factors of Industry 4.0

  Industrial companies can harvest enormous rewards from Industry 4.0 technology. Yet creating value with disruptive technologies and data analytics is likely to pose a challenge. In the first episode of this blog series, we identify  the key success factors to become an Industry 4.0 champion. For many industrial companies, Industry 4.0 - the integration of sensors, The Internet of Things, Big Data analytics, mobile information platforms and other disruptive technologies – presents huge opportunities to innovate product and service portfolios, business models and value chain operations. Yet merely investing in technology will not create value. To maximize the return on Industry 4.0 investments, industrial firms need view implementation of Industry 4.0 technology as a transformation journey. So what are the key factors that will turn this journey into a successful drive to become an Industry 4.0 champion? Align Industry 4.0 to your company’s differentiating capabilities Industr...

SHANTI MANTA

  Om Sahana Vavatu  (Sanskrit: ॐ सह नाववतु) is the name of an ancient Sanskrit  mantra , commonly recited as a devotional prayer before sacred Hindu scriptures are studied. This mantra calls upon protection from divine universal consciousness. Additionally, it is considered to be a  shanti mantra , otherwise known as a chant or prayer for peace. ॐ सह नाववतु। सह नौ भुनक्तु। सह वीर्यं करवावहै। तेजस्वि नावधीतमस्तु मा विद्विषावहै। ॐ शान्तिः शान्तिः शान्तिः ॥ Om Saha NaAvavatu | Saha Nau Bhunaktu | Saha Veeryam Karavaavahai | Tejasvi NaAvadheetam-Astu Maa Vidvishaavahai | Om Shaanti: Shaanti: Shaanti: || MEANING Om=Supreme Lord; avatu=may the Lord protect, nau=both of us; saha=together; bhunaktu= may the Lord nourish; nau=both of us; saha=together; karavāvahai= let both of us perform; vīryam= valorous actions; saha=together; adhitam= learning; nau= of both of us; astu= may be; tejaswi = bright; vidvishavahai=let both of us hate each other; mā= not; Om Shanthi:= peace Shan...

ARTIFICIAL INTELLIGENCE IN SUPPLY CHAIN

  Artificial Intelligence is an intelligence displayed by machines, in which, learning and action-based capabilities mimic autonomy rather than process-oriented intelligence. The simplest way to understand the potential application of AI is to clearly define it’s potential value-added. Introduced by Gartner Analyst, Noha Tohamy, at Gartner’s Supply Chain Executive Conference, AI was broken down into two categories: “Augmentation : AI, which assists humans with their day-to-day tasks, personally or commercially without having complete control of the output. Such Artificial Intelligence is used in Virtual Assistant, Data analysis, software solutions; where they are mainly used to reduce errors due to human bias. Automation : AI, which works completely autonomously in any field without the need for any human intervention. For example, robots performing key process steps in manufacturing plants” How can AI be applied within SCM activities? Chatbots for Operational Procurement:...

Supply Chain Design Must Change with the Times

Image
  As the covid 19 pandemic underscores,  the design of supply chains is not static — it changes in response to shifting market conditions and unexpected disruptions. Over the last two decades or so, these design-altering events appear to have become more frequent and wide-ranging, yet company responses have not kept pace with these changing demands. One of the main reasons for the misalignment is that enterprises are using outdated methods and data sources to review and re-engineer supply chain designs. This shortcoming blunts their ability to respond to market changes, a potentially disastrous weakness in today’s fast-paced competitive environment. The imperatives for change The supply chain design methods in everyday use today date back to the 1990s, when the competitive demands were different from those that firms now face. Meanwhile, the design discipline has moved on in terms of its areas of focus and the tools available to designers. Here are five ways in which supply ch...

A session On Consulting and Communication By Nikhil Kulkarni

Image
 18 August 2020 Today Prof T. Prasad invited an alumnus of NITIE Mumbai Mr. Nikhil Kulkarni as guest speaker in our Business Communication class. He is co founder of Darwin Tech. He worked for a decade in KPMG and later he decided that to leave KPMG to pursue his dream of startup. He talk about the importance of communication skills in today's market. Business communication in Consulting  He discussed about the qualities that one should have to be a good business consultant. One should know how to articulate himself. It is very important to communicate effectively with  our superiors, team and our clients. In consultancy profession 80% work is about communication.  He told that MS office plays a key role in the growth as professional. One should have commands on tools like EXCEL, PowerPoint and Word. PERSONAL BRANDING He talked about importance of personal branding for your unique identity. to be successful not only in profession but also in life one should be very a...

MAHAMANDI 2020

Image
                                                          MAHAMANDI 2020 COVID-19 crisis has given an impetus to local products as during the present crisis it is the local people who have fulfilled the demand saving India from duress. ‘Vocal for local’ which means to not only buy local products but be vocal about promoting them proudly. Its our responsibility to promote local products. So 74th Independence day NITIE MUMBAI we NITIEzens celebrating as SWADESHI MANDI. Under the guidance of MANDI sir, me with my friend Anurag are promoting Moonj Handicraft of Prayagraj. MOONJ KI GOONJ: TO THE ENTIRE WORLD The village Naini is the major producer of Moonj- wild grass products. Moonj and Kaasa are the types of wild grass that richly grows near the banks of the river in and around vast areas of Prayagraj. This craft is practiced mostly by women...