In this issue Review Article Student Article Puzzles & Events
Volume 02, Issue 04, January, 2014
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“Like a plant. It needs a variety of elements from different channels to grow, to be whole, stay stable and eventually flourish” – Sara Bra1nnas
by the supplier’s expectation come as a boon for the inventory giving and company’s in-order management as well and will help in receiving. putting up less inventory thereby 4. Rigid vs. Resilient: Unexpected reducing costs. Differentiation for event handling by the company in companies like Amazon and EBay is terms of its strategic planning and very less and they are already collaborative execution needs to be struggling with their cost reduction resilient. It needs to be done on methods to retain significant position time when it is most important for in competitive markets. Instead of a the company. Prioritizing the tasks cost reduction method, it will help The metaphor used for this article aptly and coming with the best solution customers as well in getting better fits in as it talks about the activities is to be done then. services at same or low cost. which if done right are nice to the - Akash Pandey, 13JGBS company in its supply chain and its Source: customers and if not done wisely may http://www.supplychain247.com/article/supply_c land company in problem like a hains_naughty_or_nice_list_for_2013/news naughty child’s demands to his Father/Mother. It differentiates both New wings to Supply Chain: naughty and nice lines aligned to The Amazon way supply chain based on four notions. 1. Truths, Half-Truths and Untruths: If The advent of newer techniques to the information availability regarding increase the efficiency of supply the supply chain for a particular chain systems and integrating them Amazon may be the first one to give company is invalid, wrong or not with the company’s processes, wings to its supply chain but there updated, it leads to wrong decisions for there are some companies which lay many challenges for it. Will these the company. So only fully true thinks par and try to bring in the types of newer systems be able to information can be nice and half or future of supply chain to present. replace the conventional techniques, untrue information only creates Recently, Amazon’s drone delivery will the world allow a new space to problems. Companies should ensure concept has gained wide popularity already crowded air-ways or can that they have updated and to the best because of its unique concept to there be something more that need to deliver products to its customer true information with them. be seen before implementing these 2. Promise vs. Disappointment: The right at their doorsteps. To no one’s techniques. May be, but Amazon will trust to deliver on time has to be made surprise, this will come into surely have a tough time to position by the supplier. Customer doesn’t wait existence very soon. This way of the system as a profitable way which to get what he wants to if seller fails to delivery will put up a new vertical then will pave the path for its give on time. This can be ensured if in the company’s structures and competitors to use it or to bring in seller has trust on his supplier. So, will prove to be economical and a something new to counter the supplier evaluation is very important to faster way that will increase the concept. All in all, this all is to woo supply-chain efficiency of have nice outcomes. the customers who obviously would 3. Giving vs. Getting: Supplier needs companies. Not only this, it will be on the better half anyways. to not only collaborate in terms of Octane is one of the good resources for delivering product but it needs to getting referred to the general and the - Rohit Rajpal, 12 JGBS deliver value to the company or its latest concepts in the field of logistics Source: customer. Supply Chain Integration and supply chain. Best wishes for the http://edition.cnn.com/2013/12/02/tech/innovat ion/amazon-drones-questions/ future endeavours and achievements of and synergy out of it can be obtained
Supply Chains: Naughty or Nice
the club. – Sandeep Kumar, FMS Delhi
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OCTANE-The Octaphi Newsletter
For previous issues visit: http://issuu.com/octaphi/docs
Healthcare Operations Management Important yet overlooked
Operations in a hospital is an underappreciated role, typically noticed only when something goes wrong. Contrary to that perception through, a well-run operations group adds tremendous value. With a growing nationwide emphasis on healthcare reform, hospitals and healthcare reform, hospitals and health systems will face increasing pressure to cut costs and improve performance. As more and more look for solutions through an operational lens, the field of operations management and the value provided by its skilled practitioners will receive additional and well deserved visibility. And for any operations profession seeking a new job but finding traditional operations roles in short supply, the extended reach of operations may offer just the boost they need. - Karishma Wadhwa, 13JGBS The Newsletter of Octaphi - Octane is a good initiative in terms of knowledge sharing. The articles and the blog are very interesting and it keeps me updated with the latest happenings in the field. I wish Octaphi for its future growth endeavours and achievements. – Avanti Raju, HCL Tech.
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R R W T Y H I Y T E
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L T I T P L M J E W
Answers for Vol .2, Issue 3 crossword: 1. Trucking 2.Gondola 3. Aviation 4. Deadhead, 5. Maritime
Hospitals are large and complex organizations, yet they function generally without sophistication and technology inherent in other large businesses. In a time when over half of all hospitals report negative operating margins, driving down costs by achieving operational excellence is one of the most important yet overlooked areas. Operations management in Healthcare is the emerging discipline that integrates quantitative and qualitative aspects of management to determine the most efficient and optimal methods of supporting patient care delivery. Operations management helps hospitals and health systems understand and improve labour productivity, reduce waiting lines, shorten cycle times, and generally improve the patient’s overall experience- all of which helps to improve the organization’s financial health. The principles or technique of Kaizen, so widely and successfully used in manufacturing is now used in hospitals and this has led to a tremendous improvement in patient care and efficiency improvement. It is a development that has promise for all stakeholders: hospitals and health systems, healthcare providers, patients – and the operations profession itself.
Crossword Puzzle
Submission by February 01, 2014 to octaphi@jgu.edu.in Clues:
1. Automated equipment generally used for picking of small, high-volume parts. 2. A specific application of Kanban, used in coordinating vendor replenishment activities. 3. A term used for goods in transit or on the way to a destination. 4. A bottleneck, obstacle or planned control that limits throughput or the utilization of capacity. 5. Powered industrial truck used to lift and transport materials.
MOST ACTIVE CLUB The Octaphi Operations Management Club of Jindal Global nd Business School, for the 2 consecutive year has received the MOST ACTIVE CLUB award. This award for the year 2012-2013 was presented by Hon’ble Justice Michael D. Wilson, Judge, O'ahu First Circuit Court of Hawaii, USA and Mr. T.K.Viswanathan, Former
Secretary General, Lok Sabha & Former Law Secretary, Government of India.
DO YOU KNOW?? Antonov AN-225, world's biggest transport plane measuring 275 feet in length with a 290 foot wingspan can carry ultraheavy and oversize freight, up to 250,000 kg internally.
Editorial Board: V.Vinay Raju (12 JGBS); Saroj Koul (JGBS) Contact: octaphi@jgu.edu.in
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