ircular design strategy is an approach to design that aims to create products, systems, and processes that are regenerative, sustainable, and circular. The goal of circular design is to reduce waste, minimize environmental impact, and maximize resource efficiency by designing products that can be easily reused, repurposed, or recycled.
A New Approach in Manufacturing of Reverse Vending MachineIJAEMSJORNAL
Reverse vending machine is a concept or an idea which inculcate the habit of recycling the waste materials. Reverse vending machine will be working by taking recyclable waste into the machine and gives a use full thing as a token of appreciation. The aim of this project is to design and fabricate a reverse vending machine which takes recyclable waste into the machine and displays a token of appreciation. The machine can accept a plastic bottle of 90mm diameter without cap and tin cans can be accepted and crushed and stored. The machine has a capacity of storing 50 plastic bottles and 50 tin cans. There basically two parts, one is the mechanical part and the other is the electronics part. The mechanical part is used to crush the recyclable waste which is kept in the machine so that more plastic and cans can be recycled and stored. The electronics part which consist of sensor and microcontroller, is used to take the correct input and segregate the waste into its respective categories and give a token of appreciation as a LCD display. The whole system is automated by the help of electronics. Combining both parts will give a reverse vending machine. Reverse vending machine will be working by taking recyclable waste into the machine and gives a use full thing as a token of appreciation. With limited resources in the world, we need to start preserving them and put an end to wastage. Being encouraged to recycle through a rewards system.To encourage recycling process we are designing and manufacturing reverse vending machine.
'ELV recycling is the new trend which will catch up' Mr Sudhir Gupta, Director of of Advance Hydrau-Tech, India's leading equipment manufacturer. talks about Recycling Machine Manufacturing, Sector in India and its Trends. Read full Interview Here -
Please visit here for more details: https://www.advancehydrautech.com/elv-recycling
Strategies and Modeling of Reverse Logistics Networks of an Industry in IndiaIJERA Editor
Among the various aspects of SCM, emphasis has been placed on reverse logistics: closing the loop of a supply
chain by integrating waste materials into logistic management decisions. Logistics network design is commonly
recognized as a strategic supply chain issue of prime importance. While consumers traditionally dispose of
products at the end of their life cycle, product take-back legislations introduced by governments shift this
responsibility from consumers to manufacturers. As a result, manufacturers have to collect products at the endof-life
(EOL) and control their recovery or disposal. Product recovery, which encompasses reuse,
remanufacturing and materials recycling, requires a structured reverse logistic network in order to collect
products efficiently at the end of their life cycle. Meanwhile, ever growing concern for environmental problems
and pressure from the global competitive marketplace toward further improvement of customer service, have
been presenting industries with a new challenge; development and management of effective reverse logistics
processes. The purpose of this paper is to present an overview to reverse logistics, and to provide insights on
how to manage the creation of economically efficient EOL product returns and recycling practice in an Industry
of India.
CarE-Service Project: Introduction general overview and objectives OlgaRodrguezLargo
Introduction, general overview and objectives of H2020 Project CarE-Service, project demonstrating innovative circular economy business models of Electric and Hybrid Electric Vehicles (E&HEVs) that will boost electric mobility services in Europe.
This project has received funding from the European Horizon 2020 research and innovation programme under the grant agreement No 776851
The Impact of Lean Production on the Cycle Time: A Case Study of a Welding As...ijsrd.com
The growing global competition is forcing the organisations to reduce the cost for increasing the profit. Lean manufacturing is a powerful tool for attaining this. The history of lean manufacturing starts from the craft production of 1900's. It is evolved through the contributions of F.W. Taylor, Henry Ford, Eiji Toyoda & Taiichi Ohno. The main concept of the lean manufacturing is the reduction in cost by eliminating waste. However, not all lean implementations have produced such results. In this study, a critical examination of lean manufacturing implementation experience at the welding department of a medium size industry located in Kerala, India. . Cycle time reduction is an important way by eliminating or reducing non-value-added activities. To reduce the overall cycle time of manufacturing, the cycle time of each sub-assembly needs to be reduced. Reducing cycle time will have a significant impact on a company's bottom line when implemented. The outcome of this study leads to substantial reduction in cycle time, reduced defects, better utilization of human resource and machines, and reduced cost of maintenance. It has been proved and validated by an empirical relation. The cause and effect diagram is used for analysing the cycle time reduction. The Quality control chart is also used. The improved return on investment (ROI) and reduction in cycle time shows the feasibility. The data for this study were obtained through interviews, Questionnaire survey and archival sources.
Development of fixture_to_reduce_the_cycle_time_of_c_8_griding_machineLaukik Raut
“What a difference a second makes” – a quote from an empowered employee. Just one second over a ten
second continuous cycle can mean your line runs consistently 10% faster, the difference between comfortably
achieving tight production schedules or continually being capacity constrained.[1] This work presents a new
approach for the reduction of process cycle time and its impact on a company's competitive edge. Reduction in
cycle time has been gaining significant attention in recent times. The shorter cycle times effect in higher
consumer satisfaction, lower manufacturing rate, higher yield, and better potential given tool inventory and
facility constraints. This research paper provides a brief review of core approaches related to cycle time and
also describes a methodology for cycle time reduction in any manufacturing and automobile production
industry. It includes the assessment and potential gains of the projected cycle time reduction methodology
At Alpha, we have following business priorities that our executives are trying to solve:
1. Can Alpha be the Transformation Pioneer in modernising Digital Banking?
Disruptions in the business landscape and the impact of technology are compelling banks to shift to innovative business models, while delivering superior experience with agility. Banks are challenged majorly on two fronts. On one hand, the changing customer expectations and the entry of innovative players in the market are driving them to be highly competitive to stay relevant. On the other hand, new regulations are striving for changes that promote more competition and collaboration in the ecosystem. They have created an undeniable need for the payment architecture and banking services to be highly flexible and efficient.
The team at Alpha constantly innovates and works towards shaping the future in payments, digital channels, credit services, digital core, and commercial and corporate banking. How can the team ensure growth and market leadership in the sector?
2. How can Alpha foray into consulting industry and become amongst the top 10 consulting companies in the next 5-10 years?
The pandemic has forced several sectors to adopt new ways of working. Even the primarily client-driven consulting sector has had to adapt to new methods of service, structure, technology and operation.The upcoming years will be all about going digital. Artificial Intelligence would be used to process, handle and analyse huge amounts of data efficiently and faster.
The task for Consulting firms therefore, would be to add value to their clients by using analytical tools and offer quantifiable results, combining the domain knowledge of SMEs with technology to provide products and solutions.
The team at Alpha wants to leverage its long drawn domain expertise and serve its client to become the most sought after consulting firms in the world.
Amazon case study: Amazon prime air - A delivery by aerial drone projectHarender Singh
Amazon Prime Air is a drone-based delivery service that aims to deliver packages to customers in under 30 minutes using autonomous flying vehicles. Here is a case study on the project:
Overview:
Amazon Prime Air was launched in 2013 with the goal of providing faster delivery times to customers using unmanned aerial vehicles (UAVs). The project has faced numerous regulatory and technical challenges, but Amazon remains committed to the project and continues to invest in its development.
Challenges:
One of the primary challenges facing Amazon Prime Air is regulatory approval. The Federal Aviation Administration (FAA) has strict rules governing the use of drones for commercial purposes, including restrictions on flying beyond the line of sight of the operator and flying over people. Amazon has been working with the FAA to gain approval for the service and has conducted numerous tests to demonstrate the safety and reliability of its drones.
Another challenge facing the project is the technical complexity of developing and operating a fleet of drones. The drones must be able to navigate complex urban environments, avoid obstacles, and deliver packages safely and accurately. Additionally, the drones must be able to communicate with each other and with ground-based systems to ensure that they are flying safely and efficiently.
Solution:
To address the challenges facing Amazon Prime Air, the company has invested heavily in research and development to create a fleet of drones that are safe, reliable, and efficient. The drones are equipped with a range of sensors, including GPS, cameras, and sonar, that enable them to navigate and avoid obstacles.
Amazon has also developed a sophisticated logistics system to manage the delivery process. Packages are loaded onto the drones at fulfillment centers and then flown to delivery locations using pre-determined flight paths. The drones are equipped with software that enables them to adjust their flight paths in real-time based on weather conditions and other factors.
Results:
Although Amazon Prime Air has not yet been fully launched, the company has conducted numerous successful tests of its drone technology. In December 2016, Amazon completed its first drone delivery to a customer in Cambridge, England. Since then, the company has continued to refine its technology and conduct additional tests.
Amazon Prime Air has the potential to revolutionize the delivery industry by providing faster, more efficient, and more environmentally-friendly delivery services. However, the project still faces numerous challenges, including regulatory approval and technical complexity. Amazon continues to invest in the project, and it is likely that we will see further developments in the coming years.
More Related Content
Similar to Circular Design Strategies: A case of mahindra to make it circular
A New Approach in Manufacturing of Reverse Vending MachineIJAEMSJORNAL
Reverse vending machine is a concept or an idea which inculcate the habit of recycling the waste materials. Reverse vending machine will be working by taking recyclable waste into the machine and gives a use full thing as a token of appreciation. The aim of this project is to design and fabricate a reverse vending machine which takes recyclable waste into the machine and displays a token of appreciation. The machine can accept a plastic bottle of 90mm diameter without cap and tin cans can be accepted and crushed and stored. The machine has a capacity of storing 50 plastic bottles and 50 tin cans. There basically two parts, one is the mechanical part and the other is the electronics part. The mechanical part is used to crush the recyclable waste which is kept in the machine so that more plastic and cans can be recycled and stored. The electronics part which consist of sensor and microcontroller, is used to take the correct input and segregate the waste into its respective categories and give a token of appreciation as a LCD display. The whole system is automated by the help of electronics. Combining both parts will give a reverse vending machine. Reverse vending machine will be working by taking recyclable waste into the machine and gives a use full thing as a token of appreciation. With limited resources in the world, we need to start preserving them and put an end to wastage. Being encouraged to recycle through a rewards system.To encourage recycling process we are designing and manufacturing reverse vending machine.
'ELV recycling is the new trend which will catch up' Mr Sudhir Gupta, Director of of Advance Hydrau-Tech, India's leading equipment manufacturer. talks about Recycling Machine Manufacturing, Sector in India and its Trends. Read full Interview Here -
Please visit here for more details: https://www.advancehydrautech.com/elv-recycling
Strategies and Modeling of Reverse Logistics Networks of an Industry in IndiaIJERA Editor
Among the various aspects of SCM, emphasis has been placed on reverse logistics: closing the loop of a supply
chain by integrating waste materials into logistic management decisions. Logistics network design is commonly
recognized as a strategic supply chain issue of prime importance. While consumers traditionally dispose of
products at the end of their life cycle, product take-back legislations introduced by governments shift this
responsibility from consumers to manufacturers. As a result, manufacturers have to collect products at the endof-life
(EOL) and control their recovery or disposal. Product recovery, which encompasses reuse,
remanufacturing and materials recycling, requires a structured reverse logistic network in order to collect
products efficiently at the end of their life cycle. Meanwhile, ever growing concern for environmental problems
and pressure from the global competitive marketplace toward further improvement of customer service, have
been presenting industries with a new challenge; development and management of effective reverse logistics
processes. The purpose of this paper is to present an overview to reverse logistics, and to provide insights on
how to manage the creation of economically efficient EOL product returns and recycling practice in an Industry
of India.
CarE-Service Project: Introduction general overview and objectives OlgaRodrguezLargo
Introduction, general overview and objectives of H2020 Project CarE-Service, project demonstrating innovative circular economy business models of Electric and Hybrid Electric Vehicles (E&HEVs) that will boost electric mobility services in Europe.
This project has received funding from the European Horizon 2020 research and innovation programme under the grant agreement No 776851
The Impact of Lean Production on the Cycle Time: A Case Study of a Welding As...ijsrd.com
The growing global competition is forcing the organisations to reduce the cost for increasing the profit. Lean manufacturing is a powerful tool for attaining this. The history of lean manufacturing starts from the craft production of 1900's. It is evolved through the contributions of F.W. Taylor, Henry Ford, Eiji Toyoda & Taiichi Ohno. The main concept of the lean manufacturing is the reduction in cost by eliminating waste. However, not all lean implementations have produced such results. In this study, a critical examination of lean manufacturing implementation experience at the welding department of a medium size industry located in Kerala, India. . Cycle time reduction is an important way by eliminating or reducing non-value-added activities. To reduce the overall cycle time of manufacturing, the cycle time of each sub-assembly needs to be reduced. Reducing cycle time will have a significant impact on a company's bottom line when implemented. The outcome of this study leads to substantial reduction in cycle time, reduced defects, better utilization of human resource and machines, and reduced cost of maintenance. It has been proved and validated by an empirical relation. The cause and effect diagram is used for analysing the cycle time reduction. The Quality control chart is also used. The improved return on investment (ROI) and reduction in cycle time shows the feasibility. The data for this study were obtained through interviews, Questionnaire survey and archival sources.
Development of fixture_to_reduce_the_cycle_time_of_c_8_griding_machineLaukik Raut
“What a difference a second makes” – a quote from an empowered employee. Just one second over a ten
second continuous cycle can mean your line runs consistently 10% faster, the difference between comfortably
achieving tight production schedules or continually being capacity constrained.[1] This work presents a new
approach for the reduction of process cycle time and its impact on a company's competitive edge. Reduction in
cycle time has been gaining significant attention in recent times. The shorter cycle times effect in higher
consumer satisfaction, lower manufacturing rate, higher yield, and better potential given tool inventory and
facility constraints. This research paper provides a brief review of core approaches related to cycle time and
also describes a methodology for cycle time reduction in any manufacturing and automobile production
industry. It includes the assessment and potential gains of the projected cycle time reduction methodology
At Alpha, we have following business priorities that our executives are trying to solve:
1. Can Alpha be the Transformation Pioneer in modernising Digital Banking?
Disruptions in the business landscape and the impact of technology are compelling banks to shift to innovative business models, while delivering superior experience with agility. Banks are challenged majorly on two fronts. On one hand, the changing customer expectations and the entry of innovative players in the market are driving them to be highly competitive to stay relevant. On the other hand, new regulations are striving for changes that promote more competition and collaboration in the ecosystem. They have created an undeniable need for the payment architecture and banking services to be highly flexible and efficient.
The team at Alpha constantly innovates and works towards shaping the future in payments, digital channels, credit services, digital core, and commercial and corporate banking. How can the team ensure growth and market leadership in the sector?
2. How can Alpha foray into consulting industry and become amongst the top 10 consulting companies in the next 5-10 years?
The pandemic has forced several sectors to adopt new ways of working. Even the primarily client-driven consulting sector has had to adapt to new methods of service, structure, technology and operation.The upcoming years will be all about going digital. Artificial Intelligence would be used to process, handle and analyse huge amounts of data efficiently and faster.
The task for Consulting firms therefore, would be to add value to their clients by using analytical tools and offer quantifiable results, combining the domain knowledge of SMEs with technology to provide products and solutions.
The team at Alpha wants to leverage its long drawn domain expertise and serve its client to become the most sought after consulting firms in the world.
Amazon case study: Amazon prime air - A delivery by aerial drone projectHarender Singh
Amazon Prime Air is a drone-based delivery service that aims to deliver packages to customers in under 30 minutes using autonomous flying vehicles. Here is a case study on the project:
Overview:
Amazon Prime Air was launched in 2013 with the goal of providing faster delivery times to customers using unmanned aerial vehicles (UAVs). The project has faced numerous regulatory and technical challenges, but Amazon remains committed to the project and continues to invest in its development.
Challenges:
One of the primary challenges facing Amazon Prime Air is regulatory approval. The Federal Aviation Administration (FAA) has strict rules governing the use of drones for commercial purposes, including restrictions on flying beyond the line of sight of the operator and flying over people. Amazon has been working with the FAA to gain approval for the service and has conducted numerous tests to demonstrate the safety and reliability of its drones.
Another challenge facing the project is the technical complexity of developing and operating a fleet of drones. The drones must be able to navigate complex urban environments, avoid obstacles, and deliver packages safely and accurately. Additionally, the drones must be able to communicate with each other and with ground-based systems to ensure that they are flying safely and efficiently.
Solution:
To address the challenges facing Amazon Prime Air, the company has invested heavily in research and development to create a fleet of drones that are safe, reliable, and efficient. The drones are equipped with a range of sensors, including GPS, cameras, and sonar, that enable them to navigate and avoid obstacles.
Amazon has also developed a sophisticated logistics system to manage the delivery process. Packages are loaded onto the drones at fulfillment centers and then flown to delivery locations using pre-determined flight paths. The drones are equipped with software that enables them to adjust their flight paths in real-time based on weather conditions and other factors.
Results:
Although Amazon Prime Air has not yet been fully launched, the company has conducted numerous successful tests of its drone technology. In December 2016, Amazon completed its first drone delivery to a customer in Cambridge, England. Since then, the company has continued to refine its technology and conduct additional tests.
Amazon Prime Air has the potential to revolutionize the delivery industry by providing faster, more efficient, and more environmentally-friendly delivery services. However, the project still faces numerous challenges, including regulatory approval and technical complexity. Amazon continues to invest in the project, and it is likely that we will see further developments in the coming years.
Project Management: Execution of a Pump Installation in an Industry - Executi...Harender Singh
Incorrect wiring, the pump is not properly grounded, Low Power, Improperly installed check valve, Pump not primed, Improper pump and motor alignment, Not enough room for the float switch
Assumptions - Motor and Pump already purchased and readily available
Execution of plans - In MSP not only time but resources and task prerequisites are also mentioned to ensure a smoother flow of activities.
MSP Project Timeline - Dividing the full project till level 3-Activity-based and ensuring proper timings for project completion
E-Business Operations: A case study on infoedge-naukri.comHarender Singh
Naukri.com is one of those organizations which don’t need any introduction.
Naukri.com is an online job portal started by Mr. Sanjeev Bikhchandani in March 1997.The Company has it headquarter in Noida with employee strength of approximately 5000, operating through 56 offices in 42 cities across India and overseas.
Understanding e-business operations InfoEdge (India) - Product & Service Portfolio, Financial viability, Suppliers and business networks, Resources, capabilities and assets, Processes and activities, Customer Management
Creativity and design thinking are two concepts that are closely related and often used together in the design process. Creativity is the ability to generate new and innovative ideas, while design thinking is a problem-solving approach that involves empathy, experimentation, and iteration.
Design thinking involves several stages, including empathy, definition, ideation, prototyping, and testing. In the empathy stage, designers seek to understand the needs and perspectives of the people who will use the product or service being designed. In the definition stage, designers define the problem that they are trying to solve and develop a clear understanding of the user needs and requirements.
In the ideation stage, designers generate a wide range of potential solutions to the problem, using creativity and brainstorming techniques to generate as many ideas as possible. These ideas are then evaluated and refined in the prototyping stage, where designers create physical or digital prototypes to test and refine their ideas.
Finally, in the testing stage, designers gather feedback from users and stakeholders to evaluate the effectiveness of their solutions and make further refinements.
Creativity is a critical component of the ideation stage in design thinking. Designers must be able to generate a wide range of innovative ideas and think outside the box to come up with solutions that meet the needs of users and stakeholders.
However, creativity alone is not enough to create successful designs. Design thinking provides a structured approach to problem-solving that incorporates empathy, experimentation, and iteration to ensure that the final product or service meets the needs of users and stakeholders.
Overall, creativity and design thinking are both critical components of the design process. By combining creative thinking with a structured problem-solving approach, designers can create innovative and effective solutions that meet the needs of users and stakeholders.
Creativity and design thinking are two concepts that are closely related and often used together in the design process. Creativity is the ability to generate new and innovative ideas, while design thinking is a problem-solving approach that involves empathy, experimentation, and iteration.
Design thinking involves several stages, including empathy, definition, ideation, prototyping, and testing. In the empathy stage, designers seek to understand the needs and perspectives of the people who will use the product or service being designed. In the definition stage, designers define the problem that they are trying to solve and develop a clear understanding of the user needs and requirements.
In the ideation stage, designers generate a wide range of potential solutions to the problem, using creativity and brainstorming techniques to generate as many ideas as possible. These ideas are then evaluated and refined in the prototyping stage, where designers create physical or digital prototypes to test and refine their ideas.
Finally, in the testing stage, designers gather feedback from users and stakeholders to evaluate the effectiveness of their solutions and make further refinements.
Creativity is a critical component of the ideation stage in design thinking. Designers must be able to generate a wide range of innovative ideas and think outside the box to come up with solutions that meet the needs of users and stakeholders.
However, creativity alone is not enough to create successful designs. Design thinking provides a structured approach to problem-solving that incorporates empathy, experimentation, and iteration to ensure that the final product or service meets the needs of users and stakeholders.
Overall, creativity and design thinking are both critical components of the design process. By combining creative thinking with a structured problem-solving approach, designers can create innovative and effective solutions that meet the needs of users and stakeholders.
Digital Transformation: A case study on tata steelHarender Singh
"Tata Steel looks at digital as solution-oriented, design-outcome-oriented & business led," said Sarajit Jha of Tata Steel
Advanced industrial Iot for process optimization.
Al- powered processed control
Cycle time optimization through big data analytics on lines programmable logic controllers
Digital twin for flexible production
Real- time locating systems (RTLS) for key manufacturing components
Analytics platform for remote production optimization.
Digital dashboards to monitor overall equipment effectiveness performance.
Enterprise manufacturing intelligence system to upgrade operations management.
Real time asset performance monitoring and visualization
Digital twin of sustainability
Energy optimization by predictive analytics
Iot real-time energy data aggregation and reporting dashboards
Sensor based data collection for energy management
Blockchain project: e-voting system based upon blockchain technologyHarender Singh
Most procedures are now centralized, licensed by the critical authority, controlled, measured, and monitored in an electronic voting system, which is a problem for a transparent voting process in and of itself.
Blockchain technology offers a decentralized node for online voting or electronic voting.
Distributed ledger technologies such as blockchain should be used to produce electronic voting system.
Vote: This is a complex digital voting solution that allows to conduct elections at any level it can be the elections of a country level: at government organizations plus it can be applied inside small organizations in general.
KPI Dashboarding:KPI dashboarding refers to the process of visualizing and tracking key performance indicators (KPIs) in a dashboard format. KPI dashboards provide a clear and concise view of important metrics and enable stakeholders to quickly identify areas of concern or opportunities for improvement.
To create a KPI dashboard, it is important to first identify the key metrics that are most relevant to the business or organization. These metrics should align with the organization's goals and objectives and should be measurable and actionable.
Text analysis:Text analysis is the process of analyzing textual data to extract insights and information from it. Text analysis can involve various techniques, including natural language processing, machine learning, and statistical analysis.
Text analysis is used in a wide range of applications, including sentiment analysis, topic modeling, and entity recognition. Sentiment analysis involves analyzing text to determine the emotional tone or sentiment of the writer. This can be useful in understanding customer feedback, social media trends, and other areas where understanding sentiment is important.
Payment for exports and export promotion schemeHarender Singh
Payment for exports refers to the process of receiving payment from a foreign buyer for goods or services that have been exported. The payment process for exports can be complex and involves various risks, including currency exchange rate fluctuations, non-payment, and fraud.
There are several methods of payment that can be used for exports, including:
Advance Payment: This is where the buyer pays for the goods or services in advance, before they are shipped or delivered. This method is the most secure for the exporter, but it may not be acceptable to the buyer who may not want to bear the risk of paying in advance.
Letters of Credit: This is a guarantee issued by a bank on behalf of the buyer that the payment will be made to the exporter once the goods or services have been delivered and the required documentation is provided. Letters of credit provide a secure method of payment for the exporter as long as all conditions of the letter of credit are met.
Documentary Collections: This is a process where the exporter ships the goods to the buyer and provides the shipping documents to their bank. The bank then sends the documents to the buyer's bank, who will release the documents to the buyer once payment has been made.
Open Account: This is where the exporter ships the goods to the buyer and allows the buyer to pay at a later date, typically 30-90 days after the shipment. This method is the least secure for the exporter as they may not receive payment if the buyer defaults.
It is important for exporters to carefully consider their payment options and to understand the risks associated with each method. Exporters may also want to consider using the services of a trade finance professional or export credit agency to help mitigate risks and ensure timely payment.
A bibliometric analysis on cost and risk estimation in DevOps project menthod...Harender Singh
Cost estimation is one of the most challenging and misunderstood tasks in software development. The agile world is still in the learning phase when it comes to cost estimation. The aim while developing agile was to mitigate the costs and time in development. Multiple case studies prove that the primary technique to estimate cost is experiential knowledge and comparison to past similar projects.
Cost estimation requires a lot of time in Agile, that is, at the starting of each iteration, making the process difficult. The business found that cost estimation has been more accurate and easier with the traditional waterfall model.
Risk is the uncertain event or condition in the product/ software development cycle of the IT Industry. The primary project objectives are identification, categorization, analysis- qualitative or quantitative, response planning, monitoring and implementation of risk. Where DevOps has proved itself as a great success
The mock investor summit provides a valuable opportunity for MBA students to apply their knowledge in a real-world investment scenario. By working in teams, conducting research, and presenting their ideas to experienced investors, students gain a better understanding of the investment process and the skills needed to be successful in the field. The event also provides valuable networking opportunities for students, as they may have the opportunity to connect with investors and other professionals in the industry.
Hypothesis Testing - Continuous Normal Data (Y) and Variance tests with exam...Harender Singh
Hypothesis testing is a statistical technique used to make decisions about a population based on sample data. In the case of continuous normal data, one may be interested in testing hypotheses about the mean and variance of the population from which the data were sampled.
Testing Hypotheses about the Mean
To test hypotheses about the mean of a population with continuous normal data, one may use a t-test. The t-test is a parametric test that compares the mean of the sample to a hypothesized value, typically denoted as μ0. The null hypothesis, denoted as H0, is that the population mean is equal to the hypothesized value, while the alternative hypothesis, denoted as Ha, is that the population mean is not equal to the hypothesized value.
Responsive supply chain: sensitive to customer requirementsHarender Singh
A responsive supply chain is one that is designed to be sensitive to customer requirements, market changes, and other external factors that can impact the demand for a product or service. This type of supply chain is designed to quickly adapt to changes in demand, which allows businesses to better meet the needs of their customers and stay competitive in their industry.
To create a responsive supply chain, businesses need to implement several key strategies. These include:
Building strong relationships with suppliers: A responsive supply chain relies on a network of reliable suppliers that can quickly adapt to changes in demand. Businesses need to build strong relationships with these suppliers to ensure that they can quickly deliver the materials and products needed to meet customer demand.
Using real-time data and analytics: To be responsive, businesses need to have real-time data on customer demand, inventory levels, and other key factors that impact the supply chain. Using analytics tools can help businesses identify patterns and trends that can inform decisions about inventory management, production planning, and other key areas.
Emphasizing flexibility and agility: A responsive supply chain needs to be flexible and agile to quickly adapt to changes in demand. This means having the ability to ramp up production when demand is high and scale back when demand is low.
Leveraging technology: Technology can play a key role in creating a responsive supply chain. For example, using automation and robotics can help businesses streamline production and reduce lead times, while cloud-based platforms can provide real-time visibility into the supply chain.
Overall, a responsive supply chain is critical for businesses that want to stay competitive in today's fast-paced and ever-changing marketplace. By implementing the right strategies and leveraging technology, businesses can create a supply chain that is sensitive to customer requirements and able to quickly adapt to changes in demand.
Essential of Marketing Management: StartUp IdeaHarender Singh
Marketing:
Define your target audience: Who are your ideal customers? What are their needs and pain points? Understanding your target audience will help you develop effective marketing strategies.
Develop a strong value proposition: What unique value does your product or service offer? Why should customers choose your business over competitors?
Build a brand identity: Develop a brand that resonates with your target audience and conveys your value proposition.
Create a marketing plan: Develop a comprehensive marketing plan that includes a mix of tactics such as content marketing, social media marketing, email marketing, and paid advertising.
Measure and adjust: Regularly measure the effectiveness of your marketing efforts and adjust your strategies as needed to optimize results.
Break-even point:
Calculate your fixed and variable costs: What are the fixed costs (rent, salaries, insurance, etc.) and variable costs (materials, supplies, etc.) associated with running your business?
Determine your unit contribution margin: This is the difference between the price of your product or service and the variable cost per unit.
Determine your break-even point: This is the point at which your total revenue equals your total costs. You can calculate this by dividing your fixed costs by your unit contribution margin.
Monitor your break-even point: Regularly monitor your sales and costs to ensure that you are on track to reach your break-even point. Adjust your pricing, costs, or marketing strategies as needed to improve profitability.
Launching a successful startup takes time, effort, and careful planning. By focusing on effective marketing strategies and understanding your break-even point, you can increase your chances of success.
There are several inventory control techniques that businesses can use to manage their inventory levels and optimize their operations. Here are some of the most common techniques:
ABC analysis: This technique involves categorizing inventory items based on their value, with A items being the most valuable and C items being the least valuable. This can help businesses prioritize their inventory management efforts and focus on the items that have the greatest impact on their operations.
Economic order quantity (EOQ): This technique involves calculating the optimal order quantity to minimize the total cost of inventory, including ordering costs and holding costs.
Just-in-time (JIT) inventory: This technique involves ordering inventory only when it is needed to fulfill customer orders, rather than keeping large amounts of inventory on hand. This can help businesses reduce their inventory holding costs and minimize waste.
Safety stock: This technique involves keeping extra inventory on hand to protect against stockouts or unexpected increases in demand.
Lead time reduction: This technique involves reducing the time it takes to receive inventory from suppliers, which can help businesses reduce their inventory levels and improve their responsiveness to customer demand.
First-in, first-out (FIFO) inventory management: This technique involves selling or using the oldest inventory first, to minimize the risk of inventory obsolescence.
Last-in, first-out (LIFO) inventory management: This technique involves selling or using the newest inventory first, which can help businesses reduce their tax liabilities by lowering their inventory costs.
Each inventory control technique has its own benefits and limitations, and businesses should choose the techniques that best fit their needs and operations. Effective inventory control can help businesses optimize their operations, reduce costs, and improve customer satisfaction.
Supply chain management case study :Toyota and its component SuppliersHarender Singh
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Operations research within UK healthcare: A reviewHarender Singh
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2. Project Ideas
We are comfortable working with any of the idea finalized for further work
Building out an in-house Waste & Environmental Solutions
WASTE MANAGEMENT | WASTE REMOVAL | WASTE COLLECTION
Management of Glass & Rubber waste
Using waste rubber with concrete. Crumbed rubber concrete (CRC) is a promising new
material on the construction scene.
Repurposing Old Tractor Parts & Farm Equipment
Take that old piece of heavy equipment and direct it
for something that’s both functional and a piece of
art. This Vintage Massey Ferguson tractor was
repurposed into a bar for back porch drinks and dining.
It’s just the hood cover welded onto a set of custom-
made table legs, with a tabletop over it.
Identify disposal & management of cars plastics part after
use
Using waste rubber (from bumpers, inlet manifold, and door panels and most importantly
safety, improved 34 comforting media devices all made of plastics) with concrete.
Crumbed rubber concrete (CRC) is a promising new material on the construction scene.
Additive manufacturing transforming scrap into power
Proposing a new process of a physical-chemical treatment that transforms the scrap into
powder for 3D printer. The main practical steps are (1) milling, (2) physical-chemical
treatment, (3) 3D printing and (4) mechanical tests for validation
3. Selected Idea
Additive manufacturing
transforming scrap into power
Proposing a new process of a physical-chemical treatment that
transforms the scrap into powder for 3D printer. The main
practical steps are (1) milling, (2) physical-chemical
treatment, (3) 3D printing and (4) mechanical tests for
validation
4. Butterfly Diagram
The idea we have suggested fits only on the technical side of the
butterfly, illustrates the continuous flow of materials in a circular
economy. In the technical cycle, the metal scrap are kept in circulation
through processes such as remanufacture and recycling.
Scrap Origin
PART MANUFACTURER
PRODUCT MANUFACTURER
SERVICE PROVIDER
FINITE MATERIAL
Recycling of
old cards
Internal Process
Scrap
Resuse of defected
or damaged products
Internal Process Scrap:
Due to the metal waste in
the processes.
Reuse of damaged
products:
Due to the damaged cars
and cannot be reused or
repaired.
Scrapping of car:
Due to the cars out of
their service period.
SOURCE
Ellen MacArthur Foundation
Circular economy systems diagram (February 2019)
www.ellenmacarthurfoundation.org
Drawing based on Braungart & McDonough,Cradle to Cradle (C2C)
5. Selected Product
The model aims to take advantage of the metal parts of Mahindra Scorpio for
the first phase of our development that reach the end, metal waste in the
processes and car scrap beyond repair and reuse of their useful life to
manufacture new parts with the same characteristics as the old parts
Mahindra
Scorpio
Car scrap beyond reuse and
Repair From Mahindra service
Metal parts of automobiles
that
reach the end of lifecycle
Metal waste in the
manufacturing processes
20400
tones of metal
waste every
year
25%
of the total metal
is already recycled
6. Mechanica
l tests
to
validatio
n
3D
Printing
Physical-
Chemical
Treatment
Milling
Sustainable Model
of the scrap we are targeting to reuse
New Automotive
Start of Life cycle
End of Automotive
Life cycle
Component
separation plant
Categorization of
metal parts
Mechanical processing to produce
metal printing powder for 3D printing
Distributed 3D
Printing plant
Original Equipment
Manufacturer Assembles
Automotive
The model aims to take advantage of the metal parts of automobiles that reach the end, metal
waste in the processes and car scrap beyond repair and reuse of their useful life to
manufacture new parts with the same characteristics as the old parts
Automotive Life Cycle Model in
Circular Economy – Metal Parts
7. Internal Process
Scrap
It gets REUSED
• Steel and iron
components make up
around 65% of the
average vehicle.
• The waste out of
internal processes is
very high for even a
single model of Mahindra
• Recycling steel saves
energy and natural
resources.
• Recycling one ton of
steel conserves 1134
kilograms of iron ore,
635 kilograms of coal
and 54 kilograms of
limestone.
HOW MIGHT THIS BE
POSSIBLE FOR MY
PRODUCT?
WHAT WOULD BE NEEDED
OR IS STANDING IN MY
WAY?
To make this possible
in every plant there
should be separate
plants for
1. Scrap separation
plant
2. Dedicated team of
skilled worked for
Process R&D
3. Distributed 3D
Printing plant
Once we have these
system in place, we
can redirect the waste
out of processes to
scrap separation plant
and then the plant can
make the scrap
reusable in form of
Powder which can then
be further used for
additive manufacturing
What we need or the
problem in our way
New Process
Improvement plan.
Overall operational
cost may go up.
System Integrity may
sacrifice.
Research and
development cost for
the same can be very
high.
The Payback period
for such an
investment can go as
high as 5-7 yrs.
Technical Cycle
8. Recycling of
defected or damaged
products (which are
beyond repair and
recuse)
It gets RECYCLED
• These wastes are
generally contributing
to a very less
percentage, but the
impact can be high on
the environments.
• Recycling one ton of
steel conserves 1134
kilograms of iron ore,
635 kilograms of coal
and 54 kilograms of
limestone.
HOW MIGHT THIS BE
POSSIBLE FOR MY
PRODUCT?
WHAT WOULD BE NEEDED
OR IS STANDING IN MY
WAY?
To make this possible
in every plant there
should be separate
plants for
1. Dedicated Scrap
separation plant
2. Team of skilled
worked for Process
R&D
3. Distributed 3D
Printing plant
Once we have these
system in place, We
have to locate these
scrap at the service
center level and
effectively manage the
logistics for such at
monthly or quarterly
level. After taking
them back to the
additive plant which
can then be further
used for additive
What we need or the
problem in our way
New Process
Improvement plan.
Overall operational
cost may go up.
The logistics cost
for such improvement
is unbearable
Research and
development cost for
the same can be very
high.
Requirement of
milling and plasma
induction to
manufacture powder
Technical Cycle
9. End of Automotive
Life cycle
It gets RECYCLED
• Profitability of product
design
• Green model adaptation-
Sustainability and
energy efficient.
• CO2 emission will
decrease
• New mindset in the
industry
• Can push for national
commitments to Net
Carbon Zero
• Recycling one ton of
steel conserves 1134
kilograms of iron ore,
635 kilograms of coal
and 54 kilograms of
limestone.
HOW MIGHT THIS BE
POSSIBLE FOR MY
PRODUCT?
WHAT WOULD BE NEEDED
OR IS STANDING IN MY
WAY?
To make this possible
in every plant there
should be separate
plants for
1. Scrap separation
plant
2. Dedicated team of
skilled worked for
Process R&D
3. Distributed 3D
Printing plant
Once we have these
system in place, we
can redirect the waste
of products hitting
their end-of-life
cycle to separation
plant and then the
plant can make the
scrap reusable in form
of Powder which can
then be further used
for additive
What we need or the
problem in our way
The compensation
offered to end user
can be a pain point
for project
stability
New Process
Improvement plan.
Overall operational
cost may go up.
Research and
development cost for
the same can be very
high.
The Payback period
for such an
investment can go as
high as 10 yrs.
Technical Cycle
10. Impact of Product Trends
Innovation in Mahindra Scorpio, on material circularity
Trend Positive aspects Negative aspects On balance
Increasingly complex
product design and
functionality
May lead to lower total
demand for materials due to
multi-functionality
Reduces potential for reuse
and recycling (heterogeneous
materials,
complex disassembly)
Probably
Negative
Increasing use of modular design Can extend product lifetime
through easier remanufacture
and repair
- Probably
Positive
Local production on demand by
additive
manufacturing
Enables increased material
efficiency compared to
subtractive production
Customization of products
may hamper shared use May
hamper recyclability (multi-
material products)
Unclear
Changing product lifespan Increasing technical product
lifespan of some products
Decreasing useful product
lifespan of others
Probably
Negative
Internet of things Allows for better information
on product composition
improves material recycling
Leads possibly to more
complex products
Unclear
Markets for recycling Provide support to recycling
business models
Reduce incentives for reuse Unclear
Building services around
products
May increase efficiency of
product and material use
(frequency of use, longevity,
repair)
Probably
Positive
11. Internet of Things
& Additive Manufacturing
To enhance product circularity
Emerging innovations can have both positive and negative impacts on product
circularity.
Looking forward, IoT platforms that enable product tracking
throughout supply chains can provide a basis from which to
create policy and economic (tax) incentives related to how
products are designed, utilized and managed along supply
chains and across use cycles.
At the level of the
value chain,
information regarding
product recycling,
reuse and
remanufacture should
be effectively
transmitted to
product designers,
and the flow of
information from
processors involved
at the product's end-
of-life stage to
product designers
needs to be
Such policy and
economic incentives
could eventually be
implemented in real
time. Smart waste
management systems,
for example
incentivising waste
separation by
households through a
reward system, could
become standard
practice.
Circularity
opportunities and
threats could be
integrated in research
visions and roadmaps on
the IoT and additive
manufacturing, both to
stimulate the triggering
effect of those
technologies and to
avoid negative side
effects.
12. Policy Prospective
More focus on facilitating
skilled workforce
Balance consumer protection
with economic stakes
Facilitation of end-of-life
management
Dependence on existing
production system
Facilitate safe and healthy
services with regulation
Action prompted by health or
environmental concerns
Focus on cutting costs
in general, and making
the production as
efficient as possible
Governments provide
basic infrastructure
and fiscal measures
supporting reverse
logistics.
Waste-related health or
environmental concerns
arise is regulatory
action taken to
minimise negative
impacts.
Competition for
economic factors on the
international market
steers national social
and environmental
policies.
Mostly reactive and
geared towards
protecting existing
economic stakes, such
as value-added tax
(VAT) income.
More localised and
service-based
activities require a
skilled but affordable
workforce.
13. Thanks!
Our Team
Tejaswini K
21020741074
Indrajeet Hulyalkar
21020741100
Akshita Manwati
21020741008
Vaishnavi
21020741113
Tabassum Rangrej
21020741073
Harender Singh
21020741099
Malika Meena
21020741111
Yash Shrivastava
21020741061
Mayank Kumar
21020741114
Upendranath Reddy
21020741127
Do you have any questions?
harender.singh@siom.in
+91 9812969049
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