Alumni Session: Supply Chain Strategies & Optimization
On 31st July 2021, TIMSR organized an alumni session for the students having specialization in operations management. The event was attended by 13 students. The resource person of the event was Mr. Akshay Sawant, senior project manager at WebXpress. He has shared his vast knowledge, working as an IT professional in the areas of logistics, transportation, and warehousing. In his talk, he has briefed the students about various supply chain strategies that organizations can adopt to gain a competitive advantage in the market. He has also spoken about the basics of the supply chain, and then continued to describe the metrics to measure supply chain performance. He further explained the network design and optimization strategies using the Linear Programming method and how to use the Microsoft Excels Solver feature to optimize the supply chain network.
Other topics covered by the speaker were various types of supply chains such as Efficient and Responsive supply chains, postponement strategy, supply chain risk management, and total cost analysis. Mr. Sawant enriched the session by giving ample examples of world-class organizations such as Amazon, DHL, Zomato, etc. The event was successfully concluded with a vote of thanks.