In this issue
OCTANE-The Octaphi Newsletter Volume 05, Issue 03, July 2016.
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Student Articles Crossword Puzzle Industry Facts. Do You Know?? Operation’s Insight
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“When you cease to dream, you cease to live” – Malcolm Forbes
3-D Printing will change the way we do Business 3-D printing or additive manufacturing has evolved over the years. It is a manufacturing process of making threedimensional solid objects from a digital model or file. The creation of a 3-D printed object is achieved by laying down successive layers of material until the object is created. Each of these layers can be seen as a thinly sliced horizontal cross-section of the eventual object. Michael Feygen is credited with developing the first 3-D printer in 1985. 3-D printing is known by many names; depending upon the context, the term may also be referred to as rapid prototyping, architectural modelling stereolighography, or additive manufacturing. Different 3-D printers use different materials to build layers. Some use liquid polymer or gel; others use resin, which tends to be more expensive. In the past, the cost of 3-D printing was expensive and the technology was only used by large corporations, but the development of desktop 3-D printers has made the technology more accessible to small and mid-sized businesses and home users. Today, 3-D printers are used to create anything from a new toy or motorcycle part to manufacturing prototypes for testing purposes. Surveys conducted by McKinsey Global in 2015, indicate more than 35 percent of the top largest 300 brands are now using or evaluating 3-D printing for replicating various designs and develop various innovative products or actually produce of what they sell. Realizing the prospects, over 200 various universities and colleges have already in their
curricula 3-D coursework, covering aspects like 3-D printing, 3D scanning and design. The future has more intriguing innovative technologies like the path breaking technology called 4-D printing, where the fourth dimension is time. Though this 4-D technology is still in the nascent phase and still has a long way to go. The objects with 4-D technology are embedded with “memory elements” that is programmed to react to light or heat, in order to form new shapes after being delivered to the consumer. Imagine a set of furniture that is received in a flat shape, but when exposed to sunlight, it reshapes itself into a recliner. ~ Arijit Roy Ghatak (15 JGBS)
Refurbished Panama Canal What does the Future holds? Revamped Panama Canal is all set to give new dimensions to the existing Cargo Business with the launch of new high capacity channel involving investments of more than $ 5.25 billion.
The increased capacity of the canal with the major expansion shall facilitate movement of nearly 14,000 containers ships with 5000 containers earlier. This huge increase in capacity is likely to benefit the East Coast Ports, which will see a significant increase in the volume of cargo handled. Currently, the bulkier ships coming from East Asia reach US through the ports situated on its West Coast i.e., utilizing the ports of Los Angeles or Long Beach. Many cargo ocean liners also welcome this change in the canal capacity as the liners would now have a redundant option of docking their vessels on the East coast, as against the earlier conditions of harbouring such vessels on the West coast ports, thereby reducing the riskiness attached to the supply chain businesses. The new development is also going to reduce the time of transit significantly, as the ships coming from East Asia will prefer to use the ports located on East Coast. Also, labour unrest at the West Coast Ports serves as a major opportunity for the development of the East coast regions. But, the bigger question that lies before the business community is related to the justification of huge investment incurred in upgrading Panama Canal. DO YOU KNOW?? INTTRA is an electronic shipping platform for containerized freight. It includes a network of 54 ocean carriers that processes 3PL transactions for 55,000 companies per year.
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OCTANE-The Octaphi Newsletter
~ Monika Soni, 15JGBS (Source: the Washington Post)
Delivering Smile Through The Last Mile Logistics The last mile logistics is a key factor to maintain customer satisfaction and faith in the company’s efficiency and effectiveness. It is very important to cover that promise and delivery time given to the customer which we call as the proud winning satisfaction movement. Often by maintaining efficiency and making time crisis management makes a delivery man feeling happy and proud. By receiving parcel or delivery on time, a customer feels a greater relief and a step towards long lasting relationship with their very own logistics company.
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Clues: Across: 1. Planning charts used to schedule resources and allocate time. 3. Making most of the resources by maximizing the output from a given level of input. 6. Technique used in manufacturing where product is created stage by stage over a series of workstation. Down: 2. Storage between stages where the output of a stage is placed prior to being used in a downstream stage. 4. A period when machinery is not being used as a result of maintenance. 5. The process whereby teams attack a manufacturing operation to make a series of quick, small steps to improve the process. 7. The maximum possible output that can be produced with the given resources. 8. The art and science of predicting future events.
~ Ankit Kumar, 15JGBS
Everything starts with a plan. Every action requires planning and management of resources. A single step requires hours of work and strategic implementation to save time, effort, and cost to maximize revenue. Simply last mile logistics also called last smile is a blood relation you maintain with your customer. Behind every smile, there is a deep analysis done by some great logisticians to bring that single smile on the customer’s face. Well said by M.COX that “Behind every great leader there was an even greater logistician”. ~ Maharshi Mehta (15JGBS) Industry Facts Seven types of “wastes” generated in a manufacturing Industry are due to: Overproduction, Waste of waiting time, Transportation waste, Processing Waste, Inventory Waste, and Waste of Motion & Waste due to Defects.
Student Feedback Corner I have been reading the OCTANE these past two years. It keeps me updated with the latest news and interesting facts of Supply Chain. I recommend OCTANE. ~Mayank Katyal, 14 JGBS
World’s Top 4 Supply Chains (Source Gartner Inc.) Supply Chain Ranking Company
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Unilever
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McDonald
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Amazon
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Intel
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Editorial Board: Saroj Koul, Maharshi Mehta and Ankit Kumar. Jindal Global Business School, Delhi NCR, India.
Contact us:
octaphi@jgu.edu.in
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Answers – Vol. 5, Issue 2:
To conclude, the future of the East Coast ports and in turn Panama Canal will depend onto the extent with these points succeeds in delivering the logistics to the terminating destination: reliably, cost efficiently and quickly.
Crossword Puzzle Across: 1. SOURCING 2.BATCH 3. DEMAND Down: 4. FORECAST 5. SCHEDULE 6.GRIEVANCE 7. GOODWILL
Whether the modernization is going to attract huge business opportunities to the cities located on the East coast is yet to be determined. The supply chain businesses have to redevelop their logistics model so as to accommodate the changes in the network owing to the opening of new harbours. Some apprehensions include: capacity to handle such huge ships, depth of such ports, construction design and safety. Also ports located on the west coast are gearing it for a major expansion to accommodate the biggest liners of the world popularly called as Mega Ships, which the current refurbished Panama canal cannot handle.
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