Session #2

     In what is called a knowledge sharing session, this Tuesday - the weekly meeting of GenOps Club, is no different from the previous one. The free flow of ideas, the exchange of information and the intensity of involvement topped the cards. We bring forth the highlights of the session.

Highlights:-

1.     Chirag took a deep dive into the roots of operations management- the fundamental concepts of Operations Management that included definition of OM, 4D’s, and SCM VS. OM, Process chain, Supply-Process-Operations. A short video clip defining Operations management gave us visual representation of what Ops is at its crust.

2.     Sourav’s insights on Lead Time, Cycle time and Turn Around Time (TAT) opened the floor for some serious discussion. Prashant and Akash lacerated the 3 concepts through their style of analysis by taking aviation industry & logistics as examples.

3.     Rishi introduced the class as to what Inventory cost is in a nutshell.

4.     Service Line Graph requires a special mention for the fact it decides the costs associated with holding inventory, it all boiled down to how various industries strike the balance between inventory and the  number of customers it serves.

To Do:-

·      Register for IIMRaipur- OpsWAR. DeadLine – 26/07/2017.

·      Follow the template while adding Big heads to connections on linked in.

·      Scout for HR’s, Marketing heads, VP’s, CEO’S, MD’s etc on linkedin and Invite them for Guest lectures – An excel is to be circulated that tracks the list of guests – Individuals reach out to CRTeam to get concurrence on the same.