Jay Bharat Spices.pptx
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Jay Bharat Spices, an Indian spice company, wanted to launch a new product, garam masala, in East India. The vice president overseeing the launch was facing constraints around warehouse storage capacity and finances. The document outlines challenges around strategy, coordination, manufacturing waste, forecasting techniques, and proposed solutions like increasing batch size, improving forecasting, reducing buffer inventory, and renting an external warehouse.
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Innovation Management Frameworks: Your Guide to Creativity & Innovation
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[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This PowerPoint compilation offers a comprehensive overview of 20 leading innovation management frameworks and methodologies, selected for their broad applicability across various industries and organizational contexts. These frameworks are valuable resources for a wide range of users, including business professionals, educators, and consultants.
Each framework is presented with visually engaging diagrams and templates, ensuring the content is both informative and appealing. While this compilation is thorough, please note that the slides are intended as supplementary resources and may not be sufficient for standalone instructional purposes.
This compilation is ideal for anyone looking to enhance their understanding of innovation management and drive meaningful change within their organization. Whether you aim to improve product development processes, enhance customer experiences, or drive digital transformation, these frameworks offer valuable insights and tools to help you achieve your goals.
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4. Lean Startup Methodology
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- 1. JAY BHARAT SPICES CRM Case Study Presentation
- 2. INTRODUCTION Jay Bharat Spices Pvt. Ltd., a company located in Cuttack, India, was involved in the manufacturing and distribution of spices across India under the brand name Bharat Masala. The company specialized in producing basic spices such as turmeric powder, cumin powder, and chili powder. The senior management team had recently noticed a rise in demand for the spice garam masala in the East India market and asked the company's vice-president of East India operations to oversee the launch of this new product over the next six months. The vice- president was now struggling with multiple constraints related to the launch, including storage capacity in the warehouse and various financial constraints that were forcing him to look for a more economical and efficient solution. Jay Bharat Spices
- 3. THE SECRET OF HAPPINESS IS VARIETY, BUT THE SECRET OF VARIETY IS SPICES “ Vikram Panda ” 3
- 4. CHALLENGES Jay Bharat Spices strategy for new product launch Company warehouse storage capacity Decision making Lack of Coordination between stakeholders
- 5. TYPES OF PRODUCT Jay Bharat Spices Spices Rented warehouse Batch production
- 6. Jay Bharat Spices 6 Types of manufacturing waste: 1. Quality control at farms where crops are harvested 2. Temperature control Grinding. 3. Packaging. 4. Grouping of crops into batches and sun/dry MUDA Grouping of crops into batches and sun/dry. MURA Cleaning of each batch. MURI Grinding
- 7. 3 Period moving average method Method of forecasting adopted by JBS Moving Average Jan-20 3,58,503 Feb-20 3,75,991 Mar-20 3,56,317 Apr-20 3,51,945 363604 11659 May-20 3,38,829 361418 22589 Jun-20 3,93,478 349030 -44448 Jul-20 3,54,131 361417 7286 Aug-20 4,00,036 362146 -37890 Sep-20 4,00,765 382548 -18217 384977 387103 -13663 377448
- 8. 8 Impact of reducing lead time Less inventory carrying cost. Less safety cost. No dead stocks.
- 9. Jay Bharat Spices 9 Options proposed by Core Team: Increase the batch size of production. Revisit forecasting techniques. Reduce buffer inventory. Hire rented warehouse facility.
- 10. THANK YOU Rahul Kumar D40 Deepak Patel D34 Isha Singh E05 Aditi Tiwari E25 Samar Ghoarai B44