Student Articles Crossword Puzzle Do You Know?? Industry Facts
Volume 06, Issue 02, April 2017.
Reach us
Feedback at octaphi@jgu.edu.in
“The best way to predict the future is to invent it” – Alan Kay.
Tunnel Scanning: Meeting E-commerce challenges E-commerce companies are greatly expanding to increase their reach to almost all locations resulting in the increase in number of orders they receive from many different suppliers. Generally, the shape and size of packages which arrive vary widely and so as their labels, furthermore these labels are placed at any side of package, in random locations and random orientations. Hence, this creates the challenge form ID reading view point. In typical consolidation warehouse, tunnel scanning helps in meeting this challenge. A scanning tunnel mainly consists of 6 code readers at front, back, top, bottom and two sides of each package. This eliminates the need for an operator that unloads and positions each package for right orientation to be read by the scanner. Generally, laser scanners dominate the ID reader market as they are simple, cheap, and easy to use, but they scan one line at a time, hence difficulty scanning codes at odd angles. It has typically very less read rates, resulting in high manual intervention costs. Image based line scanners resolved this issue as it takes whole image one line at a time of each side of package. It uses complex software algorithms to decipher the label, hence has higher read rates compared to laser scanners. Also, these offer highest possible resolution and are suited for some unique tasks, such as reading labels that are handwritten or typewritten, but these are expensive and don’t work for varying velocity motion. Area scanners are another type of tunnel scanners and differs form line scanners as they instantaneously capture the whole image and not by one line at a
time for image processing and can read codes that are even in degraded condition. Also, these are much faster and cost only a small part of that of line scanners, hence best suited for tunnel scanning which requires large number of scanners. Source: Inbound Logistics.
~ S. Kumar Jagannath (16 JGBS) DO YOU KNOW ?? Charles Goodyear had spent ages trying to find a way to make rubber resistant to heat and cold. After several failed attempts, he finally stumbled across a mixture that worked. Before turning out the lights one evening he accidentally spilled some rubber, sulfur, and lead onto a stove resulting in a mixture that charred and hardened but could still be used.
Strategies for Global Product Development As Global Product Development strategies promise fascinating business benefits, most organizations are examining their product design and manufacturing processes on a global scale. Mentioned here are some of them as: First, when design teams are located globally, product data, as manageable modules interface to enhance proficient product advancement, distribution, and unification. If completed properly, the evolving product including change management removes costly revelations during integration. Second, collaboration across the enterprise offers a single data source for quickly and correctly sharing design data. It leverages a scalable digital backbone that permits stakeholders anywhere to
Industry Facts Best practices for creating a SCM strategy:
Align Supply Chain Responsibilities. Collaborate internally and externally. Take Full Advantage of Technology. Put Value Over Price. Take “Green” Initiatives Seriously.
access the right information at the right time and keeps the projects on schedule. Third, the risk of theft of intellectual property gets intensified in globally dispersed design environments. To secure data, companies to have capabilities to provide control access to sensitive information and to be delivered only to designated authorized users. Fourth, geographically distributed product development programs with clear performance expectations need to be implemented consistently. Managing complex programs allows organizations to focus on quality assurance, key performance expectations, and risk mitigation. Finally, change can happen in any phase of the lifecycle of product development and is inescapable. This change might bring about expanded adjustments, cost implications, deferred launching of products and even losing customer base. Engineering and manufacturing change activities need to be harmonized to ensure overall process integrity. These enable a large group of coordinated efforts, productiveness, cost efficiency and time–to–market for Global Product Development. Source: PTC Blog
~Sriparna Bhattacharya (15JGBS)
1
How it all began
In this issue
OCTANE-The Octaphi Newsletter
For previous issues visit:
http://issuu.com/octaphi/docs Crossword Puzzle
4 7 6 3 9
Buzz in Logistics: Block-chain technology The blockchain technology based on cryptography has the potential to revolutionize the Supply chain and logistics business. It is an Open source distributed database that uses the state-of-the-art cryptography, which records all sorts of real time transactions and digital events that are completed and shared among participating parties. The Bitcoin system, largest platform using Blockchain technology is an opensystems protocols, which facilitates millions of transactions and where faith and trust is maintained through millions of clever codes and thus doing away with a powerful intermediary that does the authentication or to arrive at settlement. Recently, Bitcoin technology made an experimental entry in global supply chain management. In October 2016, Bitcoin moved into a global trade business that could be the herald of a new beginning leading to disruption of global financial transactions and add a new aspect of velocity of money and security to monetary transactions and the supply chains dependent upon them. The Port of Rotterdam in the Netherland, Europe’s largest port, is in the process of building a Blockchain consortium which is focused on logistics. The project members will spend its resources in designing and evolving a systems and applications for blockchain technology in the logistics sector. Apart from being an enabler in conducting payment and performing audits to track the inventory and assets for better management, blockchain technology will go a long way to foster greater supply chain efficiency. It will simplify the transfer ownership of various goods, and secure the transactions with electronic contracts, ensuring the disburse of payment as digital ledger encrypts and speed up the global trade by storing the particulars of the contract and ensuring that all trading partners trade on the same synchronized version, a platform which cannot be unilaterally changed or tampered with. Source: Supply Chain Brain
~ Swatantra Shandilya (15JGBS)
5
Clues: Across: 1. The implementation of statistical tools that monitor processes in order to identify improvement opportunities. 2. For a process or activity, the maximum THROUGHPUT that can be sustained. 3. The process of managing materials for operations to meet certain objectives such as delivery speed, low inventories, and high accuracy. 4. In general, denotes an allocated cost to a direct operation. It includes all manufacturing costs, other than direct material and direct labour. 5. The process by which supply contracts are let by purchasing. Down: 6. That action that combines in parallel previously independent processes to reduce the total variance compared to the variances that would occur when the processes were independent. 7. Inventory between processing or activity units. 8. The average fraction of the capacity of a process or activity that is utilized during an operation. 9. Inventory consisting of products that are in a semi-finished state
~ Arijit Roy Ghatak (15 JGBS) Student’s Feedback Corner
A newsletter which would certainly give insight about the recent trends in the supply chain technology and help us in being updated with it. ~ Aditya Pandey (16 MDI) Perfect magazine which provide explanation to supply chain related topics - lucid, crisp, and clear language used and also the way it is presented certainly attracts. ~ Anilesh Singh (14 IIM-R)
Editorial Board: Saroj Koul, S. Kumar Jagannath Jindal Global Business School Contact us: octaphi@jgu.edu.in
2
Answers – Vol. 5, Issue 2:
8 2
Across: 1. DELPHI METHOD 3. PACING 5. KANBAN 7. SCHEDULE Down: 2. WAITING LINE 4. HEOJUNKA 6. POKA YOKE 8. PROJRCT 9. AGILE
1 In 1968 Spencer Silver, a chemist working for 3M stumbled across a “low-tack” adhesive that he found was just strong enough to hold paper to a surface but weak enough that it wouldn’t tear upon removal. After many failed attempts at finding a marketable application, one of Silver’s colleagues, Art Fry, realized that it would be perfect as a no-slip bookmark and the post-it note was born.