The Supply Chain Summit 2015 – A Success Story

SKEIN, the Supply Chain and Operations Club of IIM Udaipur in collaboration with State Bank of India successfully conducted The Supply Chain Summit’15, second edition of the annual Supply Chain Symposium on 14th February, 2015. The clubs and committees of IIMU give ample opportunities to its students to master the tapestry of learning and holistic development while getting hands on experience in organizing events. SKIEN’s constant endeavor remains imparting the students of IIMU the latest knowledge from the World of Supply Chain. It is an initiative to bring together Supply Chain enthusiasts from academia, the local community and industry alike and provide a platform where global leaders can share their opinions and views on supply chain through engagement in panel discussions and thus provide valuable insights to the students.

Stage Pic

The event flagged off with an opening speech from Prof. Janat Shah Director, IIMU who presented his vision for the institute with strong emphasis on research, analysis and entrepreneurship. The umbrella theme for this Supply Chain Summit 2015 was “From Apple to Apple – Supply Chain Transformation”, aptly developed around the global Supply Chain evolving activities and the prominent opportunities in the sector in future. The theme throws light on the transformation that took place from selling of apples in grocery stores to developing and implementing innovative supply chain technologies in companies such as Apple Inc.

The run-up to the event saw numerous online and on-campus competitions being held, with teams from the best B-schools across the country joining the event for battling their knowledge out in the arena in front of the judges.

Panel 1 close up

The event saw two important panel discussions between eminent corporate leaders. The first panel discussion with the sub-theme, “Make in India: How Supply Chain can help achieve the Dream” had panelists Mr. Ajay Jhalani – Head Supply Chain (CHEP India Pvt. Ltd.) , Mr. Chandramohan Gupta – Director Supply Chain (Coca Cola – India and SW Asia),  Mr. Shyamal Chatterjee – Head India Operations (Tupperware) , and Mr. Vinal Kabra -Global Supply Manager (Apple Inc., California). The vast experience these professionals had helped in an engaging and enriching discussion with various strata of Supply Chain management touched upon like Sustainability of Make in India, Importance of Analytics in the field of Supply Chain, protecting the margins in businesses, amalgamation of frontend and backend processes, and problems pertaining to warehousing and storage of food in India. The panel mentioned that roughly 12-14% of India’s GDP goes into logistics and similarly 80% of the price of the product also comprises of supply chain. They also threw light on the importance of new managers coming into the industry and the expectation from them. The speakers discussed about plethora of issues ranging from integration with suppliers, Squeezing of working capital & its profitability, Accurate Demand aggregation, and enhancement in Cold Chain infrastructure.

Panel 2 Close Up

The second panel discussion revolved around the sub-theme, “E-Commerce in India: Competitive Advantage through Innovations in Supply Chain” with the panelists Mr. Hrishikesh Pore – Head Grocery Online (My247Market.com – A TATA Enterprise) , Mr. Navneet Rai – Co-founder (Tolexo) and Mr. Jayant Mahto – VP Operations (Firstcry.com). The panel discussed about how e-commerce has brought the once backend process of a business i.e supply chain to front end. They discussed the dilemma of maintaining a site that offers products both perishable and nonperishable products.  The panel discussion was mainly interaction driven with students asking questions specifically related to e-commerce industry as well as companies that the panelists are representing. The panelists also discussed the benefits of e-commerce as compared to the traditional method of shopping offline.

Audience

The event ended with a felicitation of the speakers and a vote of thanks. The Supply Chain Summit’15 was a resounding success with speakers and participants alike, appreciating the seamless organization of the entire event and the insights they gained through the discussions.

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Success mantra shared by Mr. Raghuttama Rao at IIM Udaipur

It is always a sense of great joy and excitement when students of IIM Udaipur meet an eminent business personality. Preserving the legacy of industry interaction, the students of IIMU had the privilege of having Mr. Raghuttama Rao CEO & Managing Director at ICRA Management Consulting on campus.

1487323_776108022452198_2333536330710525040_n Picture Source : MMA, Chennai

Mr. Rao started his excellent career with undergraduate from IIT Madras; post which he did his MBA from IIM Ahmedabad. He was a Fulbright Scholar at Carnegie Mellon University Pittsburgh, USA where he gained proficiency in Cost Accounting. Being a member of ICRA’s start-up team, Mr. Rao has contributed to developing many areas of ICRA’s business, including Credit Rating, Management Consulting, and Research. He has served on ICRA’s Rating Committee for about ten years and has experience across several sectors, including infrastructure, banking/finance, structured finance, manufacturing, and energy.

Sharing his experience, Mr. Rao first emphasized the importance of economics and accounting in finance. He said that most students and even industry experts in finance domain lack the conceptual understanding of accounting and economics and hence are unable to deal with unprecedented scenarios. He recalled the amount of struggle he faced while learning cost accounting but said that the hard work paid off in the end.

Mr. Rao explained that the students should come to know their strengths and weaknesses in deciding the career path. He stressed on focusing on those streams that fit with what the students are good at, and what they really enjoy doing. Hence, in terms of consulting, Mr. Rao asked the students to ponder upon two fundamental questions: “What is Consulting?” and “Am I fit for it?” before joining the field in the first place. He also explained that consulting is as much about people skills as it is about analytics. Exclaiming that at the heart of consulting is marketing; he said that communication skills, both verbal and written, are essential to the domain. He mentioned that though multi-domain knowledge is helpful in consulting, one should try to have an expert level knowledge about one or two fields and that one should be used to unprecedented situations as consulting usually presents with unstructured problems.

Accentuating on maintaining health, Mr. Rao said that one should always maintain a balance between money and fitness. In addition, he said that one should use this time in MBA to read as much as possible about many streams and decide which way to go. He also said that one should dig deep inside and figure out the right reason for pursuing entrepreneurship and exclaimed that in entrepreneurship, one has many bosses.

After the session, he was asked numerous questions by students ranging from how to prepare for the summer internship to the importance of certificates for various streams. The students of IIM Udaipur are glad and thankful they had the privilege of meeting Mr. Raghuttama Rao and get an insight into consulting, finance and entrepreneurship.

Ten commitments of IIMU!

1. Commitment to Sustainability: Did you know that the infrastructure and activities at IIMU boast of total commitment to a green campus? Exemplified by the DirectorProf. Janat Shah himself, who was the first person to use a bicycle in the campus when it was founded. Today, more than 60% people on the campus including the students, faculty and staff follow that lead.

2. Commitment to Diversity: Did you know that if you want to have a debate in IIMU hostels in your favourite language then you will find a person at least 10 rooms away? The cultural diversity at the campus will amazingly enhance your people skills. And yes, you can always end up in a debate in more than 5 different languages.

3. Commitment to Rural Exposure: Did you know that 100% of the batch gets exposure to Rural India by the carefully designed Rural Immersion Programme? This will help you to be more sensitized and develop as socially conscious managers who can work in future towards collective and inclusive growth of the society.

4. Commitment to Global Exposure: Did you know that 60% of the students in the batch get their visas stamped at least once during their stay at IIM Udaipur? This reflects IIMU’s commitment to make global managers of tomorrow ready to work in diverse conditions and situations, leading global teams and implementing their learnings in the real business world.

5. Commitment to Best Faculty: Did you know that in addition to 22 permanent faculties, prominent faculties from the top B-Schools of India like IIMA, IIMB, IIMC etc. visit to bolster the academic wealth of IIMU? This ensures personalized attention to the students resulting in their better learning, grooming and hence forth, transformation.

6. Commitment to Transformation: Did you know that with specially designed programmes which aim to inculcate values like integrity, honesty, respect, ownership, trust and excellence, you will transform into a better person and manager at the end of two years? With collaborative and focused programmes with agencies like Hay Group, you will develop emotional intelligence and see yourselves developing into leaders more confident of your capabilities and decision making judgment.

7. Commitment to Awareness of Cultural Roots: Did you know that at IIMU you will be celebrating festivals and participating in cultural activities you did not even know about?

8. Commitment to Team Work: Did you know that at IIMU you will be doing so many assignments, live projects and club activities in groups that you will emerge as a leader in team working skills?

9. Commitment to Entrepreneurship: Did you know that IIMU takes a plethora of initiatives to foster the spirit of entrepreneurship? You will get a lot of opportunities under the ambit of entrepreneurship which will help you to pursue your career goal of starting your own business.

10. Commitment to Sleepless Nights: Did you know that apart from the load of assignments and projects of a usual B-School, a lot of other things at IIMU like TT matches, clubs/committees activities and B-School competitions will keep you awake till wee hours every day and you will be going to enjoy it?

Things which differentiate IIM Udaipur – Faculty!

Great educational institutions have faculties and academics as their biggest assets. The most important element which plays a critical role in IIM Udaipur’s objective of imparting quality education is the faculty team at the institute. The selection process of faculty at IIMU is designed to consistently attract the best of the teaching and research talents from the PhD programmes of India and abroad. While putting together the faculty team, the practitioners and academicians are tested for excellent potential in their respective domains. Prominent faculties from the top B-Schools of India like IIMA, IIMB, IIMC etc. also visit to bolster the academic wealth of IIMU.

IIM Udaipur has over 22 permanent and over 30 visiting core faculties contributing to a faculty to student ratio of 1:5.5. This ensures personalized attention to the students resulting in their better learning, grooming and hence forth, transformation. The number of research and working papers published in the journals across the globe within just three years on inception reflect that some of the best management research work is carried out in the IIMU campus.

The faculty incorporates best pedagogical means and practices comparable to those followed in the best B-Schools of world in the development of students. The craft of teaching and the methodologies of deliveries are complemented by the well-equipped infrastructure of the institute and technologies like research tools, digital library platforms, latest journals and Bloomberg Financial analysis & research lab.

The current faculty force includes professors, researchers and consultants with significant experiences in the field of teaching. Senior industry professionals also join the permanent faculty for lecturing the students about their business acumen. Intellectual entrepreneurs who have created enterprises executing business strategies blending with ideas also contribute in the learning process of students in sync with another pillar of the institute, entrepreneurship. The academic curriculum of the institute is overseen by Prof. Jahar Saha, Former DirectorIIM Ahmedabad. The visiting faculty of IIMU has prominent names on the likes of Prof. Jagdeep S. Chokkar, Former DeanIIM Ahmedabad and Co-Founder of Association of Democratic Rights Foundation (ADR) which recently bagged the IBN and NDTV Indian of the Year Awards. Other pioneers in their own rights of different management domains like Prof. Ramesh Bhat (IIMA), Prof. L. S. Murthy (IIMB), Prof. Sunil Unny Guptan (IIMA) and Prof. Janat Shah, DirectorIIMU join the list of faculties teaching at the institute.

Each faculty of the institute is aligned to the goals, vision and values of the institute and dedicatedly prepares the students for responsible positions they would take up in various management roles. All faculty members are always approachable and their guidance and support is available to students and alumni even outside the classrooms for tutorials, live projects, internships, placements preparation, job guidance and clubs & committees events. IIMU possesses the potential of best teaching minds and has a long term aim to become the hub of management research in the country.