SIMSR hosts POMS International Conference 2019 along with NITIE

K J Somaiya Institute of Management Studies & Research (SIMSR), Mumbai, hosted the POMS (Production & Operations Management Society) International Conference 2019 on 13th & 14th December, with National Institute of Industrial Engineering (NITIE), Mumbai as their academic partners.

The conference witnessed a rich gathering of academic and industry experts from the field of Logistics and Supply Chain from all over the globe with over 75 academic paper presenters over these two days.

A panel of practitioners & industry experts hosted a discussion on ‘Industry 4.0 and Practices in Supply Chain and Operational Excellence’. The panel consisted of Dr. Dino Petrarolo (Sr. VP, CCi), Mr. Sandeep Joshi (Head, SUDHAR Business Consulting), Mr. Shamindra Basu (Associate Partner – Global Business Services, IBM India) and Mr. Harish Lade (VP – Supply Chain, Asian Paints). The industry experts highlighted the challenges of industry 4.0 and the role of digital strategies leading to it. The importance of various change management techniques was also discussed by the panelists, which will aid in overcoming challenges pertaining to supply chain in the environment of Industry 4.0.

One of the keynote address was delivered by Mr. T. Sasidhar, Chief Engineering Manager, Larsen & Toubro (L&T), was centric to the entire experience L&T encountered while constructing and erecting the Statue of Unity, which is a globally-renowned tribute to the Iron Man, Sardar Vallabhbhai Patel. He also elaborated on the challenges faced by the company, the solutions devised to counter difficulties and the several stakeholders involved.  Logistically, there were several obstacles such as transporting raw materials and resources from China. Not only did it take copious amounts of time, but to meet all the requirements within budgetary constraints was a task. Light was shed on the problems faced while preparing the site, Sadhu Hill, for the construction such as reptile interference, erosion of riverbank and maintaining ecological balance.

Industry expert, Mr. Deepak Jakate emphasized the efficiency that industry 4.0 aims to bring in supply chains making it a clear winner when competing with industry 3.0 because of the incurred cost of idling in 3.0. He shared his perspective on how forecasting should depend on consumption and not sales. Mr. Nikhil Patil (Director – Management Consulting, KPMG) discussed the emergence of ‘everything as a service’ as a trend in industry 4.0.

The closing address of the conference was given by Mr. Surendra Deodhar (Head – Materials Management, Reliance Life Sciences). He intrigued the audience by questioning if we are at all ready for Industry 4.0. He discussed important case studies of Boeing 737 and Maersk to conclude that man will always be needed over machines.

A group of students and professors from DHBW University (Stuttgart, Germany) also participated in the POMS International Conference 2019.