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This presentation was given by Professor akhil Chandra at hotel Connaught,New Delhi as a keynote address on annual day of Indian institute of material management ,New Delh dated 23rd of April,2012i on the topic of 'navigating material management strategies in the emerging scenario of global knowledge economy. Knowledge workers as human capital are key players to support the new vistas of Global Knowledge economy and logistics and supply chain management players have to readjust in the new changing business environment. Skill, speed and scale are the new 'Mantras for the success as enumerated first by Gujarat Chief minister Narendra Modi in his key note address at SRCC.

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Materials Management Day, IIMM :

Materials Management Day, IIMM “Navigating Materials Management Strategies in Global Knowledge Economy” By Prof. Akhil Chandra Consultant Logistics and Supply Chain Management

GLOBALIZATION:

GLOBALIZATION GLOBAL VILLAGE (Marshall McLuhan , a Canadian philosopher) World is like a family WORLD IS FLAT ( As stated by Thomas freedman in his book titled ‘World is Flat’ )

GLOBAL KNOWLEDGE ECONOMY:

GLOBAL KNOWLEDGE ECONOMY WORLD ECONOMY HAS CHANGED FROM AGRICULTURAL INTENSIVE ECONOMY TO INDUSTRIAL ECONOMY TO KNOWLEDGE ECONOMY (PETER DRUCKER IN 1966 IN HIS BOOK ‘AGE OF DISCONTINUITY’ COINED THE WORD )

I Published My Book on Amazon.com in five minutes last week:

I Published My Book on Amazon.com in five minutes last week

KEY DRIVERS OF KNOWLEDGE ECONOMY:

KEY DRIVERS OF KNOWLEDGE ECONOMY INFORMATION AND COMMUNICATION TECHNOLOGY ((ICT) INTERNET (WWW) AUTOMATION AND PROCESS CONTROL TECHNOLOGY NEW MEDIA (blogs , social media etc KNOWLEDGE WORKERS GLOBALIZATION EDUCATION TO ALL

Material Management :

Material Management Material Management, an area of business has many names historically right from Physical distribution, transportation management , logistics and now supply chain management with players like customers and end users, suppliers, manufacturers and intermediaries like distributers, dealers, retailers etc. This area of business absorbs almost 60 to 80 per cent of a firm’s Sales income and is essential for a firm’s competitive strategy and revenue generation and involves activities like transportation, inventory maintenance, order processing, purchasing, warehousing, materials handling, packaging, customer service standards and production

What is supply chain Management:

What is supply chain Management Supply Chain management is a set of approaches utilized to efficiently integrate suppliers, manufacturers, warehouses so that merchandise is produced and distributed at the right quantities, to the right locations and at the right time in order to minimize system vise costs while satisfying service level requirements.

Logistics & SCM : Basic Understanding:

Logistics & SCM : Basic Understanding Reverse Logistics After Sales Logistics Suppliers Production Distribution Sales Channel Value-Added Services End User Distribution Distribution Logistics Manufacturing Logistics Inbound Logistics Supply Logistics Basic Supply Chain Process Manufacture & Raw Materials Export & Import Activities Primary Movement Distribution Centres Secondary Movement B2B & B2C Distribution After-Sales Services

Supply Chain:

Supply Chain Parts From China Parts From India Parts From Czech Rep. Annual Movement / Supplier 3,500 Small Parts Containers 450 Large parts Containers Automotive parts and components are transported via Air & Sea Germany for Assembly and Car Manufacturing as per production forecast. Finished cars sent to Retail Outlets & Showrooms for final delivery to Customers. Imagine BMW delivering 4,00,000 cars per year keeping track of each customer’s specifications & requirements.

“Navigating Materials Management Strategies in Global Knowledge Economy”:

“Navigating Materials Management Strategies in Global Knowledge Economy” There are three major objectives resulting into different strategies. 1.Cost reduction strategy directed towards minimizing the variable costs associated with movement and storage-(Wal-mart, Dell, amazon.com , E-BAY,E-Commerce, UPS) (Inventory strategy, transport strategy involving modes of transport, carrier routing/ scheduling, shipment size and Location strategy with number ,size and location of facilities, assignment of demand to stocking points)

Management Strategies in Global Knowledge Economy”:

Management Strategies in Global Knowledge Economy” 2. Capital reduction strategy directed towards minimizing level of investments towards logistics system. Example are shipping direct to customers to avoid warehousing ,choosing public warehouses over privately owned warehouses, selecting a just in time approach,or using 3 rd party logistics.

Navigating Materials Management Strategies in Global Knowledge Economy”:

Navigating Materials Management Strategies in Global Knowledge Economy” 3. Service improvement strategies-usually recognize that revenues depend on the level of logistics service provided like through ERP systems with modules like CRM,Call centers in service industry

KEY POINTS : Navigating Materials Management Strategies in Global Knowledge Economy”:

KEY POINTS : Navigating Materials Management Strategies in Global Knowledge Economy” Stop competing within supply chain. One entire supply chain competes with another one. Suppliers are partners Demand driven supply chain (pull) instead of push strategy so as to be customer centric. Visibility through technologies like RFID,GPS,ERP,INTERNET, Data base servers in data centers, Cloud computing with mobile devices Quality, Efficiency, Innovation and responsiveness to customers Speed, scale and skill Increase efficiency through Automation, Robotics, voice based order picking in WH

KEY POINTS : continued:

KEY POINTS : continued VMI (Vendor managed inventory) Treat warehouse as switching centers through application of technology Continuous training to generate human capital Insourcing and outsourcing TQM, Team building and Empowerment Customization through Innovation

Navigating Materials Management Strategies in Global Knowledge Economy”:

Navigating Materials Management Strategies in Global Knowledge Economy” WHY ARE MM strategies important in today’s Indian scenario. IN THE CURRENT GROWTH ORIENTED BUDGET,THERE IS A CLEAR FOCUS ON INFRASTRUCTURE WITH INVESTMENTS TO THE TUNE OF $ONE TRILLION FOR NEXT FIVE YEARS SO AS TO RETURN TO A GDP GROWTH RATE OF NINE PERCENT AND MORE

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THANK YOU akhilchandra06@gmail.com

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