4. LEARNINGS :
From this video I understood various points as he spoke about his work
experience that changes his livelihood like a professional man.
He defines about his journey from start to end from konkan chemicals to chep.
And he gain many professional relationship in his thirty three years of
experience.
Chep has been developed in year 2008 in india and Mr. Rajdeep Mhatre joined
as a project manager after a couple of years, they collect 350 customer’s till now
across in india. And they have five regional offices in india.
Spoke on his past six years with chep. He joins as a project manager and after
some years the logistics department came out. Then he raise his hands for
taking the chair of director and finally he is in role and playing an important role
in this company.
5. In operations they first give their priority for safety and precautions for their
employees.
And Secondly, Creating value for the customers by following all the
government regulations such as environmental law, safety law, etc.
Chep make customer’s belief by knowing them, they are following legal things
in their productions. They don’t harm forest lives they are not doing any
illegal actions in their production process.
They target to fulfill the every customer needs and expectations by serving
their needs with their product and service offerings.
Success will be defined by the ability of the supply chain to respond
effectively and quickly to customers.
Being proactive rather than reactive is the need of the hour in this building.
7. LEARNINGS :
From this video I understood various points as he..
Spoke about his journey he is managing director & CEO of Aptech ltd.
He was earlier Managing Director, CA formerly known as Computer
Associates for India & SAARC.
In his capacity as managing director of Indian operations of the world’s
fourth largest software company, his responsibilities included driving the
adoption of CA’s technology and broadening and strengthening strategic
partnership in India.
In this video he his talking about that he held numerous management
responsibilities in CA India that include setting up offices in india.
Aptech commenced its education and training business in 1986 and has
globally trained over 7 million students.
8. Mr . Ninad Karpe the managing director and CEO of Aptech ltd is saying that
Aptech is an ISO 9001-2000 organisation and the first IT training and
education company to get this certification for education support services in
1991.
Aptech has Presence in more than 40 emerging countries through its two
main stream of business i.e individual training & Enterprise business.
Aptech centres as leader in career education, it has over 1300 centres of
learning across the world.
In his discussion he talking about the strategy for his competitors and
Aptech centres giving the backend tech support to WE school for the online
examination.
In this saying that Essential skill and qualities to looking for manager we
need to technical skill, managerial skill and manpower handling skill and
operating skill require
Characteristic that make a difference while interviewing Candidates that to
find the person who is passionate and who has eligible. Career prospects of
management student in this industry management degree is beneficial and
its very essential and it has long course and like analysis, critical thinking,
decesion making and presentation its all start from the management school.
9. How do we Perceive the future prospects of this industry in india as well as global
market. Aspiration of good education across the india. There is kids who all get
educated and any point of time more than 200 million students. Thus the
interface of technology 3G , 4G network and Smartphone all this factors come
together.
Government spending lot of money they are focusing on skill development. Under
aptech individual training, aptech offers career and professional training through
its retail brands. Enterprise business includes training and assessment solution for
corporate and institutes
In this discussion they are talking about inspiring factor to join aptech, Statistic
alliance to field of education, services and product provide by aptech in the field
of education, current challenges and future opportunity for aptech as
brand,revenue models for domestic Vis-a-we International business.
11. LEARNINGS :
From this video I understood various points as he..
Spoke about his journey Mr Shrikhande is textile graduated from VJTI
in Mumbai and MBA from Symbiosis Pune. He has over 30 years of
Experience in leading textile companies like Mafatlal, Arrow and
Bombay dying.
joined shoppers stop in April 2001 as the vice president of buying and
merchandising and promoted to the position as chief operating
officer and then again the chief executive officer and today is the
Managing director of all formats of shopper stop.
Shopper stop limited is the part of K Rahega Group in India. Is leading
large retail departmental stores and shopper stop encourage different
retailing format such as home, food and grocery.
When he was working with mafatlal he got an perticular assignment
was to handle retail and product development.
12. From this video they are discussing about shoppers stop and his work
culture environment and to be the global retailer in India and maintain the
number one position and in the market in departmental category is the
vision of shoppers stop. The foundation of shopper stop was laid on
October 27, 1991. By K raheja Corporate group of companies.
Today Shopper stop is Indias biggest hospitality and real estate players the
group crossed yet another milestone with his life style venture. Shopper
stop household name known for his superior quality products & services
and providing a complete shopping experiences. Shoppers stop has become
the highest bench mark in indian retail industry
Shopper stop is brand speciality retailiers. This is one format where entire
family can shop for various product of their choices wheather its kid, wifes
and husband. There 73 shopper stop stores across india.
Shopper stop have their online market store since last 4 years. And in next 3
years they are planing to invest asset as well as infrastructure on their
online expansion. Their target is to achieve 10% of shares through online.
13. they are taking extra care while service to the customer. And even from the
managing director to ground level staff all are playing different roll while
handling customer queries. before playing their designated roll they all are
customer service associate.
In the discussion they are saying that retention is challenge as compare to
recruitment. overall retail market in india is about more than 500 billion.
FDR restriction challenges, infrastructural challenges, transport challenges
still are very high in india. Shopper stop india has PAN india presence.
Online would be the key driver of shopper stop.
With e-tailing companies growing exponentially, are they posing a threat to
the brick and mortar business. there is sort of disruption happening in india.
In short word in this conversation that all about retailers and best part of
about retail company is that there is always some change happening and can
keep on tracking whats new across products, across customer, across
categories.across world . Something new keeps you engage.
16. LEARNINGS :
In every competitive market, every company or a service providing firm is
trying to deliver the products/services at highly attractive price without
sacrificing quality and promised delivery time. this systematically and
scientific process of supply chain management is being derived and followed.
Supply chain is the complete of process of receiving a customer order,
accepting it, to the delivery of the product/service to the customer.it also
includes purchasing and the production of the product and for value addition
to the services. supply chain includes all independent steps, and it gives rise to
a solve objective of meeting customer requirement
Supply chain includes the coordination of order generation process, the order
taking process and offer fulfilment of distribution of products to the
customer. hence the product involves services and information also.
Independent supplier, firm supplying products and service providers are
involved in the supply chain. This include manufacturers,component and raw
material suppliers and packages shippers and couriers etc.
17. According to the supply chain council, U.S.A the SCM include managing supply
and demand, sourcing raw materials and parts, manufacturing and assembly,
warehousing and inventory tracking, order entry and order management,
distribution across all channels.
In 1960-Inventory management focus on cost control.
In1970-MRP & BOM-Operations Planning.
In 1980-MRPII & JIT-Material management logistics.
In 1990-SCM,ERP-Integrated purchasing financial manufacturing order entry.
In 2000-Optmised value network with real time decision support,
synchronised and collaborative extended network.
In SCM Logistic is the process of planning and implementing cost effective
flow of goods from the point of origin to the point of consumption. In
Fundamental the logistic Is nothing but store and move. Logistic involves
managing the flow of items,information,cash and idea through the
coordination of supply chain process and through the strategic addition of
place, period and pattern values.
In SCM the functional perspective is Purchasing/Procurement where to buy
and whom to buy. How to control inventory Warehousing,material handling,
order processing, transportation and customer service .
18. Current trends in India- Indian logistic sector is estimated to be $200 billion
by 2020. current state of logistic dismissal because of in sufficient facilities.
Lack of technology, shortage of expertise , small and distributed across
states primarily due to tax structure. Demand very strong hence very high
activity in logistic sector, growth in E-commerce. Warehousing industry is
estimated to growth by 25% P.A.
Purchasing is one of the major activities of SCM. For each and every
transaction of purchase several legal implications are involved. Several laws
are to be followed for every purchasing activity.In 1985 Wallmart introduce
to concept of cross-docking. In 1998 the concept of e-commerce changed
the defination of business and logistics played a major role in SCM.
20. LEARNINGS :
ABC analysis the underlines a very important principle “Vital Few Trivial
Many”. This principle of managing inventory is also called as PARETO’s Law or
80-20 principle. Organisation should be the position to the supply goods as an
when customer required. Not only that price of the goods which you supply to
the customer is so competitive so that it will attracts the customer towards
goods for that purpose the organisation have to be very careful regarding the
cost of the goods.
Organisation has to reduce the cost of goods because they have to give
competitive price to the customer for better return. The basic objective of
inventory control is to make sure that inventory are available as & when they
are needed for production. to reduce the idol time of worker and machine
inventory control is very much necessary.
In ABC Analysis statics reveal that just a handful of items account for bulk of
annual expenditure on materials.these few items are called A items. Some
are numerous in numbers but their contribution is less significant. ABC
analysis thus tends segregate all items into three categories: A,B & Con the
basis of their annual usage.
21. A items it is usually found that hardly 5 to 10% of the total items account for
70 to 75% of total money spent on the materials. this item require details
control. These item should be produced frequently
B Items are generally 10 to 15% of the total items & represents 10 to 15% of
the total expenditure on the materials. These are the intermediate items. The
control on this item need not be as details and as rigid as apply to A items.
C items are numerous as many as 70% to 80% of the total items, in expensive
represent hardly 5 to 10% of the total annual expenditure on materials. Item
should be procured infrequently and in sufficient quantities.
HML analysis uses price criterion. The item under this analysis classified into
three groups, which are called as high, medium and low. To classify, the item
are listed in descending order of unit price I
.e the management for deciding the three categories then fix the cut of lines.
The management may decide that all items of unit. Price above Rs 1000 will
be category H. Those having unit price between Rs 100 to rs1000 will be of M
category. Those having unit price of L category
22. VED analysis represent classification of item based on critically. The analysis
classifies the items into three group called Vital, Essential and desirable.
Vital category encompasses those item without which production would come
to a halt. Essential group includes items whose stock out cost is very high.
Desirable group comprises of items, the stock out of which nominal
expenditure and cause major disruptions for a short duration.
SDE analysis is based on problems of procurement namely non availability,
scarcity, longer lead time, geographical location of suppliers and reliability of
suppliers etc. SDE analysis classifies the items into three groups called Scarce,
difficult & Easy.
“Scarce” classification comprises of items which are in short supply, imported
or channelized through government agencies. “Difficult” classification include
those items which are available indigenously but are not easy to procure.
“Easy” classification covers those items which are readily availiable
XYZ analysis is used in conjunction with either ABC analysis or HML analysis.
24. LEARNINGS :
From this video I understood various points as he..
Talking about Enterprise resource planning. ERP is software is fully
integrated to business management software to link business process
automatically and give the real time information to authorized user.
ERP is short for enterprise resource planning, which in business
management system that integrates all facets of the business such as
manufacturing Operations, supply chain, Customer human resources
and finance to enable flow of information. ERP is making all about
smarter as well as faster decisions.. Which captures data in
chronological order and used to link business man processes
automatically and give real time information.
The salient feature of above definition is that ERP refers to in-house
developed or commercially available software solutions which provide
integrated suit of IT applications that support the activities of
organization. ERP system is information backbone of company. ERP
system serves as the central nervous system of the company
25. The ERP system can be described as Integrated enterprise wide information's
system. ERP believes in the integration of systems across all departments and
across the company as whole. ERP is software solution that addresses the
enterprise needs taking the process view of an organization to meet the
organizational goal integrating all functions of an enterprise.
An Enterprise resource planning system is packaged business software system
that allows company automate and integrate the majority of its business
processes, share common data and practices across the entire enterprise &
produce and access information in a real-time environment.
ERP is management software that will ensure correctness of input data and
completeness of input data. MIS is output of ERP. ERP had humble beginning
in the 1960s. In the area of inventory control. Customized software was used
to handled inventory. ERP is just not an IT project. It changes the organization
in term of authority ,responsibility and relationship.
Before implementing ERP an organization has to decide where it is and the
data captured is of immense value in ERP in finance, logistics, HR, SCM and
enablers such as data warehousing.
26. ERP Implementation is the all and end all of the organizational effectiveness .
ERP is like living Organism, passes through different stages of development
and maturity. ERP has to adapt itself to the changing processes, organizational
structure and demand patterns to deliver effectively.
ERP being an enabling tool help us do things better. It may not reduce the
workload always. ERP is not panacea for business problem. ERP is business
management systems, which extends beyond the company and integrates
with suppliers and customers & connecting to all stake holders. ERP system
was integrated in 1990s. With the input of Men, materials, money and
information and energy the output system produces goods and services.
The ERP system has to move from :Go-live” decision to automated ERP
system and finally growth I.e the system is aligned with the overall corporate
vision and strategies. The ERP benefit justify the significant investment, but
organization has to utilize its system effectively to derive full benefits of the
ERP. Enterprise resource planning makes use of a common DBMS which
generate consistent and accurate data. ERP is known for its ability to
centralize all relevant information under one database. Every data item
appears just once.
28. LEARNINGS:
Indian logistic sector is estimated to be $200 billion by year 2020. it’s
growing current state of warehousing is dismissal because of insufficient
facilities, lack of technology, shortage of expertise, small and distributed
across states primarily, due to tax structure and demand very strong hence
very high activity in logistic sector.
The cost of warehouse operations and maintenance should be as low as
possible. Serviceability which means proximity to customers or ports should
be as good as possible. Availability of transportation should be as good as
possible, infrastructure such as roads, power water and should be as good as
possible. Connectivity, environmental factor should be suitable for the
operation of the warehouse, government regulations should be suitable for
the operation of the warehouse.
Warehousing industry is estimated to grow by 25%Pa. government has taken
initiatives to introduce GST, warehousing act 2007, private investment parks
and FTWZ’s, infrastructure development and development of freight corridors
and investment of private sectors.
29. Linear chain of operations involving movement of goods to meet customer
requirements. supply chain management design and operations of physical,
managerial, informational and financial system to transform goods and
services from vendors to consumer efficiently and effectively.
What is logistics: it is the process of planning and implementing cost-effective
flow of goods from the point of origin to the point of consumption. logistcs is
the part of supply chain management that plans, implements and control the
efficient, effective, forward and reverse flow and storage of goods and
services and related information between the point of origin and point of
consumption in order to meet customers requirement.
Logistic is concerned with the organization, movement and storage of
material and people. It deals with planning and control of the flow of
materials and related information in organizations. logistic must deliver
products to a customer at the time method and cost to satisfy that particular
customer’s requirement.
What is Warehouse: warehouse is the place where we receiving goods from a
source from manufactures or vendor. store the goods safely till they are
required. Pick and prepare material for shipping when the need arises.
30. Arrange for and ensure dispatch of goods to the desired locations. Whenever
we receive order from customers we need to dispatch that product from
warehouse itself. Warehousing is an integral part of every supply chain
system. It plays a vital role in providing a desired level of customer service at
the lowest possible total cost.
Transportation is one of the most visible elements of logistics operations. The
role of transport in national economy is very crucial.
The process of warehousing:-Purchasing-order entry-receiving-inspection-
Putaway -storage-Replenishment-order selection-packing & marking-staging
and consolidation-shipping-computerization and front-end control.
Warehouse infrastructure are extremely long lived, specific, risk intensive and
is planned to improve the efficiency of the operations. Therefore it needs
solutions that are extremely reliable and trustworthy.
Warehousing components:AC, safety, lighting ,Civil infrastructure, De-dusting
and Ventilation etc.
32. LEARNINGS :
From this video I understood various points as he..
He is talking about how this brand has grow up in the market and what are the main
areas of concern keeping in his mind, customer one of his satiric focus. and also
to know what are the operational areas this particular company of brand is trying to
cultivate for minimizing the lead time and working on real time basis.
World class means zero defect from all aspects quality, service and value, cost. Zero
defect from all angles means logistics, supply chain, distribution, transportation.
Element of business plan:
Data collection and analysis-data collection is nothing but collection of information.
Information could be suppliers read points or could be logistic read points,
information could be competitor analysis and information could be the market per
sale.
2nd
phase is Forecasting is nothing but prediction for the future.
3rd
Phase is Round the clock Operational Challenges
Data collection and analysis McDonald U-K description & over view-Description
33. Market characteristic population it could be the product consumable basis.
Whenever people are hungry in U.K majority of the people brand recall is eat
at Mac outlets.
The description and product and services the menu the product offering and
what are the products in the basket when they entered mac outlet in UK
Sales and operational planning prediction the world future what are the
products which are fast moving slow moving and which are not moving
Premises facility and infrastructure the market is changing very fast mac
donald overall global operations they are working only on 4 alphabets
1.Quality
2.Service
3. Cost
Challenges in SCM, distribution warehousing and trasnportation management
materials. manufacturing excellence.
Role of information technology real time system for improved efficiency and
distribution techniques and sales promotion and times behaviour.
34. Sales is not happening because of poor distribution. company is always
thinking to invest in advertising and sales promotion.because advertising
become the one of tool for the company to make the product grow to keeping
in minds certain promotions of freebies.
The description and product and services the menu the product offering and
what are the products in the basket when they entered mac outlet in UK
36. 1
3PL CONTRACT LOGISTICS
OPERATIONS
LEARNINGS :
3PL contractors provide services to consolidation centers, warehouses,
Manufacturing companies and distribution centers. And one more
important function managed by 3PL Logistic Companies is contract
logistics.
In Warehousing industry is used for managing inventories of both raw
materials and finished goods including spare parts, consumables, and
promotional materials as the case may be.
The entire warehousing operations include Receiving Process involving
unloading,inspection, in warding and put away. Delivery or shipment
includes receipt of shipping order from the customer along with invoice or
sales documentation, picking materials,consolidation, packing, marking,
preparing outbound documentation and shipping out by loading into
containers
37.
The main function in the warehouse include warehouse management that
involves location management, managing storage capacities and bulk and
loose inventory, accuracy and inventory stock takes.
Warehouse uses Warehouse management system as the backbone.
WMS manages the all transaction in warehouses it includes inbound,
Inventory and outbound transactions.
Good support from 3PL industry is necessary because its entire inventory
amounting to a huge amount regarding value is in the custody of third
party.
Inventory Management operations are core to any operations.
38. 2
DHL TO INVEST $16.3 MILLION
AND INTRODUCE DRONES IN INDIA
LEARNINGS :
• This article talks about Upcoming planning of DHL in service industry and
investment in India.
• DHL has already invested Euro 100 million for transportation,warehousing,
manpower training and information technology network over the last three
years.
The Indian logistic industry is annual growing at 10-11 percent while DHL is
growing its supply chain business between 25-30 percent.
This articles says that Global logistics provider DHL is planning to invest about
$16.3 million in all its business segments in India and introduce new technologies,
including drones, for deliveries and managing logistics and courier companies.
39. DHL Senior vice president for strategy marketing Matthias Heutger saying that
they planning invest in all division in India.
It also plans to include a new Free Trade Warehousing Zone (FTWZ) in North India
next year and participate in the rail-based transportation.
With their emerging markets expected to generate 30 per cent of DHL global
revenue by 2020.
The centre will drive DHL's "trend research" initiative focusing on emerging trends
in Asian logistics and economic activity.
40. 3
AMAZON RAISES MINIMUM BILL VALUE
FOR FREE SHIPPING
LEARNINGS :
This article says that Amazon is one of the fastest growing company in E-
commerce industry. As well as giving proper and quick service to his customers.
Amazon headquarter is in Washington, Amazon is the largest internet based
retailer in the United States.
Amazon.com started as online bookstore, later diversifying to sell DVD’s, Blu-rays,
CDs, Video games, electronics, furniture, food, toys and jewellery.
This is largest storage capacity and warehouse infrastructure created by E-
commerce company for seller across India.
41. This article says that Amazon is one of the fastest growing company in
Ecommerce industry. As well as giving proper and quick service to his customers.
by Amazon comes in to push more of its customers to subscribe to its Prime
service. The Prime service of the e-commerce offers significantly faster delivery
and lots of other perks.
This article says that Amazon can cut shipping cost down and escalate its profit
margin.
American electronic commerce and cloud computing company Amazon has raised
the free-shipping limit to $49 for non-Prime members
42. 4
WAREHOUSING FUNCTION OF
LOGISTICS
LEARNINGS :
I learned from this article is that warehouse is place where we store the materials
which we receive from production and manufacture centre.
The modern distribution center or distribution warehouse is a pivot in the
physical distribution system. So according to this system movement is the primary
objective of a warehouse.
Warehousing Involves Operations like Receiving goods, Identifying goods, sorting
goods, dispatching goods to storage, holding goods, packing goods, Dispatching
goods and preparing records and advice.
There are many types of warehouses like Bonded warehouse, field warehouse,
cold storage warehouse, agriculture warehouse, distribution warehouse, buffer
storage warehouse, import export warehouse.
43. There are two functions performed in warehouse : 1) Movement and 2) storage
Warehousing is an integral part of every logistic system in which it plays a vital
role in providing a desired level of customer service at the lowest possible total
cost.
Warehousing can be defined as that a component of a firm’s logistic chain that
stores product such as raw materials, parts, good-in-process and finish goods.
learned from this article is that warehouse is place where we store the materials
which we receive from production and manufacture centre.
warehouse is a temporary storage of goods before their use. Warehouse may be
defined as a location of temporary storage facility and from where they are
dispatched with the main objective of maintaining the flow of goods throughout
the system.
new concept a warehouse is a location where incoming factory shipments are
converted into outward shipments representing orders of customers. This
conversion takes place without consuming too much time.
44. 5
CONTRACT LOGISTIC RFQ PROCESS
LEARNINGS :
Outsourcing may fall into two categories. One category flow through warehouses,
merging and distribution centres in the supply chain network. These can be
managing finished goods or raw material supplies or even spare parts.
Second category of warehouses is larger distribution centres managing finished
goods inventory and related operations in large scale, catering to exports or supplies
to a region, or country level or inbound raw material warehouses managing JIT or
VMI operations, in plant management, Plant FG operations, etc.
Warehouse operations are critical in nature and are primarily categorized by the
volume and value of inventory held. Size of operations and its relative position and
important in the supply chain network.
The RFQ should contain complete details of the project enable the 3PL team to
purpose solution and solution design team.
45. The RFQ should contain at least the following details as minimum information:
1. RFQ dates for vendor meets, presentations and submission of bids.
2. Pricing and Costing expectations, methodology & approach.
3. Contract and agreement terms and draft of proposed contract
4. RFQ document is normally prepared by the business function manager along
with project lead and procurement leaders.
5. Post RFQ the buyer invites all participants for question and answer session
face to face meeting or on mail.
46. 6
MARUTI SUZUKI PRODUCTION HIT DUE TO
PARTS SHORTAGE
LEARNINGS :
Production of Maruti Suzuki India Ltd.s manufacturing units in Gurgaon and
Manesar will likely be affected because of shortage spare parts caused by
members of Jat community in Haryana
Maruti Suzuki has two plants, one each in Gurgaon and Manesar, both
surrounded by pockets with Jat population. The combined output from the two
plants is currently about 5,000 vehicles per day..
Shares of Maruti Suzuki closed down 1.61% on BSE Ltd at Rs.3,523.30 each. BSE’s
benchmark Sensex index closed 0.34% up. The decline wiped Rs.1,744 crore?off?
its market capitalization.
Jat protests mar transportation of parts, operations in gurgaon, Manesar may
resume on Tuesday. Between Saturday and Tuesday the company is likely to incur
a production loss of atleast 10,000 vehicles.
47. senior executive from leading auto parts maker received instruction from maruti
to build safety stock for a week. production will badly affected for week and one
can expect operation will smoothly start from Friday on wards only.
Many suppliers operate on JIT or just in time basis and inability to work shifts
because of the JAT Protests. Caused disruptions at india’s largest Car maker.
Maruti is not only automobile company affected by the stir Hero motor
corporation ltd Indias largest two-wheeler maker was also disrupted.
Production output has also been partially impacted today at our plants due to the
ongoing impasse.
48. 7
SUPPLY CHAIN MANAGEMENT-
DEFINATION AND IMPORTANCE OF ITS
STRATEGIES
LEARNINGS :
SCM is the management of a network of all business processes and activities
involving procurement of raw materials, manufacturing and distribution of
management of finished goods.SCM is also called the art of management of
providing the right product, at the right time, right place and at the right cost to
the customer.
Supply chain is the complete process of receiving a customer order, accepting it,
to the delivery of product/services to the customer. It also includes purchasing
and product of the product and value addition to the services.
Purchasing is one of the major activities of SCM. For each and every transaction of
purchases, several legal implications are involved.
49. Supply chain management encompasses every effort involved in producing and
delivering a final product or service, from the supplier to the customers.
Independent suppliers, firm supplying products and service providers are involved
in the supply chain.
Supply chain strategies are the critical backbone to business organisation today.
Effective market coverage, availability of products at locations that hold the key
to revenue recognition depends upon the effectiveness of supply chain strategy
rolled out.
Inventory control and inventory visibility are two very critical elements in any
operations for these are the cost drivers and directly impact the bottom lines on
the balance sheet.
In global scenario the finished goods inventory is held at many locations and
distribution centres.
50. 8
FLIPKART TO PUSH
LOGISTICS CART IN NEXT GROWTH DRIVE
LEARNINGS :
FLIPKART is preparing to build out E-kart into an independent business catering to
other companies as well. Flip kart is fastest growing E-commerce company in
recent last 3 years.
Flipkart new CEO Binny Bansal is seeking to rev up the company growth the
business he knows the best, its logistic unit E-kart.
51. Flipkart, on the other hand, took it total warehouse space to 1.6 million sq ft by
the end of 2015 and also set up its largest fulfilment centre in country spread
over 220000 Sq ft with storage capacity of 589000 cubic feet.
The challenge will be to enlist outside clients, experts said, as large ecommerce
companies have their own logistics units or work with other third-party
companies.
The company also recently injected Rs 666 crore (nearly $100 million) into Ekart,
regulatory filings show.
Investors have poured more than $3 billion into Flipkart and own at least 80%
of the company, which is now registered in Singapore. Ekart currently handles
around 3.25-lakh deliveries a day, according to industry sources. Around 75% of
Flipkart's deliveries are handled by the unit
.
52. 9
SNAPDEAL TO INVEST IN LOGISTICS TO
SPEED UP DELIVERY
LEARNINGS :
From above mentioned article learned that co-founder of Snapdeal Rohit Bansal
says that Snapdeal will focus on cutting delivery times by investing in better data
analytics and demand forcasting.
Shopping online is becoming more popular in India due to the rising use of
cheaper smartphones and e-commerce firms are struggling to cope with the
growing demand and make faster deliveries in different parts of the country.
The e-commerce market in India is expected to grow to $220 billion in the value of
goods sold by 2025, up from an expected $11 billion this year, Bank of America
Merrill Lynch said in a recent report.
It has also spent around $35 million to buy about 50% stake in logistics services
company
53. Indian online marketplace snapdeal, backed by japan’s Soft bank group corp and
others. Will spend more on logistic and technology to better compete with flipkart
and amazon’s indian unit.
Flush with $500 million from a funding round in August, led by China’s Alibaba,
SoftBank and Foxconn, Snapdeal is now looking to expand its services.
One area Snapdeal will focus on is to cut delivery times by investing in better data
analytics and demand forecasting, co-founder Rohit Bansal told Reuters.
Snapdeal have done over 10 acquisitions and investments in the last one year
almost all of them In the field of technology or supply chain and payment. These
investment they have been able to reduce our delivery times by 70% in the last
one year.
It has also spent around $35 million to buy about 50% stake in logistics services
company.
54. 10
PERATIONS MANAGEMENT: TOTAL
QUALITY MANGEMENT(TQM
SUMMARY)
LEARNINGS :
It articles say that Total quality management is management approach for an
organisation, centred on quality, based on the participation of all its members and
aiming at long term success through customer satisfaction, and benefits to all
members of the organziation and to society.
• In Japanese, Total Quality Management (TQM) comprises four process steps,
namely1. Kaizen – Focuses on Continuous Process Improvement, to make
processes visible, repeatable and measurable.
2. Atarimae Hinshitsu – The idea that things will work as they are supposed to
55. 3. KanseiKansei – Examining the way the user applies the product leads to improvement
in the product itself.
4. Miryokuteki Hinshitsu – The idea that things should have an aesthetic quality which
is different from “atarimae hinshitsu” (e.g. a pen will write in a way that is pleasing to
the writer.)
Total Quality Management requires that the company maintain this quality standards in
all aspects of business.
• Total Quality Management (TQM) approach can be summarized below under three
headings: 1. responsibility for quality. 2.Product design, and Relation with suppliers.
• Total quality management is undoubtedly important in organisations today. It is
paramount for companies to achieve customer satisfaction. Therefore, there has to be a
strong focus on exceeding the expectations of its internal customers before they decide
to address what is needed to satisfy external customers.
In the case of manufacturing companies, the reduction of waste levels can be achieved
through TQM. By improving their processes, companies will be able to make products
with minimal waste costs and still attain good profit margins.
