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Inventory control system case study
Inventory management systems
Related studies about inventory control
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In my capacity as a Maintenance Planning Engineer at Hindustan Petroleum Corporation Limited (HPCL), I was primarily involved in tasks that required strategizing and organizing. Working for a multi-billion dollar enterprise, I saw the effects of operational efficiency on the Balance Sheet. This experience has driven me in my pursuit of delivering better performance with every attempt and has shaped my decision to pursue a career in Industrial Engineering (IE), a field that strives to increase productivity and efficiency by systematic study and application of non-traditional methods.
At HPCL's 7.6MMTPA refinery, I was a part of the team which ensured that all production units were maintained to operate at optimal capacity, round the clock.
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I was chosen to procure the replacement, for which I had to fly 500 miles on a moment's notice. This seven hour return trip was satisfying, not only for bringing down HPCL's potential loss margins from 250,000 to 70,000, but also for ingraining in me the importance of meticulous planning in mitigating losses. Consequently, I led a four person team to catalogue and update equipment spare parts in a database. I further compiled a checklist that leveraged the data to streamline and double-check the material planning process, thereby reducing the probability of another last-minute …show more content…
Both these entities were established to create a common platform for students with like interests to apply their theoretical knowledge to innovate. My efforts towards catering to students' interests earned me the position of Chief Coordinator (Second In-charge) for Technovanza 2008, VJTI's national level techno-management festival. The experience gave me a perspective that I could never have gained in a classroom. My leadership abilities, interpersonal skills and decision making prowess were honed when I supervised the functions of over 60 members in Finance, Logistics, Infrastructure and Event Design teams for the festival as well as the
OT professionals, I realized this is a field that encourages creativity, empowers individuals, and values of
The Plan-Do-Study-Act cycle was developed by Deming and his mentor Walter Shewhart to assist with learning and analysis of process improvement scenarios. As a tool the PDSA cycle was first used with process improvement but has since been grown into wide-spread industry standard analytical tool. The first step of the process is Plan, which involves creating a goal and planning the processes to obtain the goal. The next step is Do which involves starting and following the plan created in the previous step. Following that step is Study which consists of analyzing how well the results of the Do phase correspond with the goals from the plan phase. The step can involve statistical analysis or just simply plotting the results when compared to the expected results. Completing the cycle is the Act ...
As a massive provider of consumer goods in India, Hindustan Lever Limited (HLL), is attempting to penetrate the rural markets where there is a massive opportunity for growth. HLL’s current operating sectors are becoming increasingly competitive and crowded. Their best opportunities now lie in developing new markets and rising to the top of that market. They are attempting to do this with a program for developing entrepreneurs, named Shaktis. Met with initial success the program now needs to grow without increasing costs.
Disaster Recovery Planning is the critical factor that can prevent headaches or nightmares experienced by an organization in times of disaster. Having a disaster recovery plan marks the difference between organizations that can successfully manage crises with minimal cost, effort and with maximum speed, and those organizations that cannot. By having back-up plans, not only for equipment and network recovery, but also detailed disaster recovery plans that precisely outline what steps each person involved in recovery efforts should undertake, an organization can improve their recovery time and minimize the disrupted time for their normal business functions. Thus it is essential that disaster recovery plans are carefully laid out and carefully updated regularly. Part of the plan should include a system where regular training occurs for network engineers and managers. In the disaster recovery process extra attention should also be paid to training any new employees who will have a critical role in this function. Also, the plan should require having the appropriate people actually practice what they would do to help recover business function should a disaster occur. Some organizations find it helpful to do this on a quarterly or semi-annual basis so that the plan stays current with the organization’s needs.
Completing high school education from an illustrious junior college, my academic accomplishments at school earned me admission in Sri Sairam Engineering College, Chennai. Ranked 3rd in the southern region of India by Outlook and The Week, and is affiliated to prestigious Anna University. I am pursuing my bachelors in Production Engineering. I have a commodious curriculum which enunciates on latest manufacturing techniques, production management until my junior year. In my senior year, I have electives like Operation's research, Ergonomics. This opened the gates to the field of Industrial engineering and that moment, I realized that manufacturing alone is not the crux of an Industry but there are many other segments, which have to be given equal importance for the amelioration of the Industry, which made me decide to augment my knowledge to these areas rather than merely focusing on manufacturing.
Real knowledge, like everything else of the highest value, is not to be obtained easily. It must be worked for, studied for, thought for, and, more than all, it must be prayed for”
Ever since I was a child, I have had a great interest for the automotive industry. From car trivia to novel innovations, my innate passion for the automotive industry has always made me research the minutest detail of every vehicle that interested me. Since elementary school I would draw sketches of cars which incorporated technology which were unheard of at that time; novel devices such as electrochromic windshields, HUD displays, and wind turbines which would constantly re-generate electricity for the car. While growing up, my hobbies largely consisted of constructing countless Lego and Meccano sets, and repairing my mom’s 19 year-old car. In middle school, math and science were my favorite subjects: applying science and mathematics to solve real-world problems has fascinated me and I have also taken further steps to reach my goals. By the age of thirteen I devised a scaled model of a heliostat power plant, which successfully powered a light bulb. The mathematics beyond the focus points of parabolic dishes and thermodynamics was very advanced for my age, but I took up the challenge...
Preventive maintenance is the base of the entire maintenance strategy for every pharmaceutical industry. One of the frequent problems that PM programs may confront is to maintain equally every equipment or parts involved in the pharmaceutical manufacturing. A safer path is to apply a risk-based approach that separates each equipment or parts of equipment in terms of their direct contact with product and possible defects on possibly affecting product quality [2]. It is useful to apply a risk-based approach to prioritize and organize the documentation needed. PM activities are more vulnerable to risks in the period of time of parts changes, including scheduled shutdowns or special projects. Complete process documentation and operating procedures, including organizational policies should exist for all maintenance activities [2].
People travel miles in search of their true passion; some find them early in their life and I consider myself lucky enough to be one among them. I found my true calling at the age of 12 on a field trip to a milk factory. It seemed like the Disneyland of science with huge machineries, conveyer belts running all around, and instruments working about in their own rhythm with sheer intricacies and perfection. As a kid, I was eager to understand the mechanics behind this magical rhythm. The desire of gaining in-depth knowledge about Control System and Automation eventually led me to choose Electronics and Instrumentation Engineering as my undergraduate study.
Throughout my school career I have always loved chemistry. In Chemistry there was always a sense that there was more, there was always something new and exciting to be discovered and theories to be proven (or even disproven). Chemistry was the main subject with a real practical aspect to it during school and it is this, along with my genuine fascination with the subject, which fuels my desire to study it further.
This perfectly holds true for me in the world of Computer Engineering where novel ideas are not a novelty. It is this novelty that entices me to this field and gives me a deep sense of professional pride. In this context, I would like to pursue my graduation in Computer Engineering, which not only supplements the knowledge that I possess but also provides a strong platform for my future career goals.
We are accessible only to a limited quantity of resources around us. Considering the current usage and availability of resources, it has become very important for us to use them as wisely as possible. As an industrial engineer my aim is to find ways to eliminate wastefulness and enhance the efficiency of the process or service being provided. I would like to enhance my knowledge and in order to achieve this, I wish to pursue my Master’s degree in Industrial Engineering at the Arizona State University. I aspire to do my PhD after my Masters to fulfil my long term career goal of carrying out postdoctoral industrial research while becoming a tenured professor.
An ambition to learn and grow and having passion for engineering have prompted me to go in for graduate studies. Chasing my Dreams! While growing up at a young age I was always intrigued by objects that produced mechanical work and energy be it prime movers such as automobiles, construction and mining equipment, turbo machinery such as jet engines, space shuttles or complex mechanisms of mechanical watches, I used to spend a lot of time trying to learn and figure out their basis and propositions, it was necessary for me to explore my inner conscience to understand my fascination towards machines and their ingenuity, Mechanical engineering seemed a direct consequence of my convictions. I have always admired my father as a civil engineer and his hard work and struggles throughout his life; He has always been a role model for me. He motivated me to pursue my dreams so I decided to pursue my undergraduate study in Mechanical Engineering
Obstacles had never been obstructing my effort to succeed in life. As an engineer to be, it is important to me to be prepared for the hurdles in the real world. The world nowadays needs a person who could compete and has great abilities to stand on the same level as others. Multiple skills and critical opinion of an issue are essential for an engineer to jump into this challenging career. For me, a strategic planning and full preparation need to achieve the aim of being an expert engineer.
The development of every nation hinges on the effectiveness of their transportation systems. Movement of goods, services and people to and from locations is made possible by transportation systems. The importance of effective transportation systems cannot be over-emphasized. Many countries face transportation problems and my country Ghana is no exception. A trip of about 30 minutes usually takes about an hour or more due to traffic jams. This is seriously impacting productivity and has become a topical issue in the country. The situation is the same in Uganda where I currently work. To this end, Transportation Engineers are needed to design roads/ highways that will stand the test of time, plan effective traffic management systems to reduce