Optimus - The Operations Club, IMNU

Optimus - The Operations Club, IMNU Operations and Supply Chain Club of Institute of Management, Nirma University

Optimus Club is a group of like minded students interested in the world of operations management, supply chain and related fields. This club envisages cultivating interest in the student community in the field of operations research and management beyond the academic discipline. The club facilitates sharing of knowledge on fields related to Operations and Supply Chain Management through Guest Lect

ures, Articles, Newsletters, Field Visits, Live Projects, Book Reviews, Quizzes, Case Studies, Simulation Games and a yearly magazine. For consulting projects, get in touch with us at [email protected] or call us at +91 9998648997

"If you're not making mistakes, you're not taking risk, and that means you're not going anywhere. The key is to make mis...
29/03/2022

"If you're not making mistakes, you're not taking risk, and that means you're not going anywhere. The key is to make mistakes faster than the competition, so you have more chances to learn and win." ⚔️🏆

Optimus gives you one more chance to take risk, make mistakes and win exciting prizes.🎖️

“KARYANEETI”, the Flagship Event of Club Optimus is here.
This is your chance to learn some new skills and polish the existing ones. 🤩

Hurry and get yourself registered in teams of 2-3 members! ✨
Link is attached in bio.

In lean manufacturing, waste is defined as anything that does not add value to a product. In the Manufacturing Industry,...
18/03/2022

In lean manufacturing, waste is defined as anything that does not add value to a product. In the Manufacturing Industry, value is anything that a customer is willing to pay for. So, it can be said that waste is the cost incurred in a process that is not in the customer's best interest. Lean manufacturing aims to eliminate waste in the manufacturing process. Let's take a look at the factors that contribute to these wastes.

Waste in Lean Manufacturing is defined as anything that does not add value to a product. In the manufacturing industry, ...
05/03/2022

Waste in Lean Manufacturing is defined as anything that does not add value to a product. In the manufacturing industry, value is defined as anything that a customer is willing to pay for. As a result, waste is defined as any cost incurred in a process that is not beneficial to the customer. The goal of lean manufacturing is to eliminate waste from manufacturing processes. Let's take a look at waste and its causes.

Walmart Inc., headquartered in Bentonville, Arkansas, is an American multinational retail corporation that operates a ch...
02/03/2022

Walmart Inc., headquartered in Bentonville, Arkansas, is an American multinational retail corporation that operates a chain of hypermarkets, discount department stores and grocery stores throughout the United States. Sam Walton founded the company in 1962, and it was incorporated on October 31, 1969, under Delaware General Corporation Law. Here are some of the major points that have contributed to Walmart's success.

16/02/2022

Fasten your seatbelts and get ready to race against the time as LYNX 9.0, the case study challenge is here.📢
This will test your skill of envisioning the bigger picture in the never-ending challenging environment and will prepare you to do the right thing at the right time. 🎯

Register yourself in one of the most-awaited National Level Case Study Challenge.

Registration link: https://dare2compete.com/o/PtDGoph

11/02/2022

Lean manufacturing is a production method based on the philosophy of increasing productivity while reducing waste in a manufacturing process. The method is used by businesses to boost efficiency. It decreases inventory costs and wastes while increasing efficiency and profit by accepting products only as needed for the production process. The disadvantage is that it needs companies to precisely estimate demand because the gains can be negated by modest supply chain delays. It may also have a negative influence on workers as a result of increased stress and restrictive working conditions. A company's success is dependent on consistent outputs, high-quality processes, and dependable sources.

The tale of the retailer's road from large-box supremacy to collapse — barring some last-minute rescuing by an outsider ...
08/02/2022

The tale of the retailer's road from large-box supremacy to collapse — barring some last-minute rescuing by an outsider — was long. And the individuals operating the retailer's shops experienced it firsthand. Over the decades, Toys R Us has created a passionate tribe of workers, tens of thousands strong, many of whom were taken off-guard by the company's demise, if not its bankruptcy.

In September 2017, it announced that it would be forced to liquidate its operations, potentially resulting in the closure of hundreds of stores.

Six Sigma tools are problem-solving tools that are used to support Six Sigma and other process improvement efforts. The ...
04/02/2022

Six Sigma tools are problem-solving tools that are used to support Six Sigma and other process improvement efforts. The Six Sigma expert uses both qualitative and quantitative techniques to improve processes. Although the tools themselves are not unique, it is how they are used and integrated into a system that makes them so. Some common statistical and graphical tools used in improvement projects are mentioned here.

In a country where private airlines like Kingfisher and Jet Airways have shut their business, and the national carrier, ...
02/02/2022

In a country where private airlines like Kingfisher and Jet Airways have shut their business, and the national carrier, i.e., Air India, is continuously registering loss, it is amazing to witness the emergence of Indigo, that started just in 2006, to be the largest airline company in India. It primarily operates in India’s domestic air travel market as a low-cost carrier. The airline was founded in 2006 by Rahul Bhatia of InterGlobe Enterprises and Rakesh Gangwal, an American billionaire businessman. IndiGo has a total destination count of 87 with 63 domestic destinations and 24 International. It has a fleet of 284 aircrafts covering 1500 daily flights.

29/01/2022

Reconfigurable Manufacturing System (RMS) is making headlines in the academic arena as one of the next tendencies in manufacturing. Such manufacturing systems may indeed be essential for continuous improvement, but as market structure, demand and technologies continue to evolve unexpectedly over time, globalization has made it difficult to gain a sustainable competitive advantage for a long by just implementing such innovative systems. Last, it is very unlikely that their adoption will have a universal or "one-size" fits all approach.

Kmart was a pioneer in the American discount retailing sector and one of the largest discount retailers in terms of sale...
25/01/2022

Kmart was a pioneer in the American discount retailing sector and one of the largest discount retailers in terms of sales for a long period. Despite having what seemed like an insurmountable advantage, the company's market share shrank, forcing it to declare bankruptcy in 2002. Kmart merged with BORDERS GROUP, a book and music retailer under the parent company name Sears. Borders group has a very effective supply chain network but after the merger, Kmart failed to adapt that and again filed for bankruptcy in 2018.

The problem-solving tools used to support Six Sigma and other process improvement efforts are referred to as Six Sigma t...
21/01/2022

The problem-solving tools used to support Six Sigma and other process improvement efforts are referred to as Six Sigma tools. To improve processes, the Six Sigma expert employs both qualitative and quantitative techniques. Although the tools themselves are not unique, how they are used and integrated into a system is. The following are some examples of statistical and graphical tools commonly used in improvement projects.

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