Description: In Manufacturing operations, RM Management impacts production, inventory turnovers & carrying costs, obsolescence rates and gross margins. This requires dynamic decision support for optimized stock selection & effective store management. The aim is to comprehensively assess the current process of raw material management at Sheet Fed Module(SFM) valuing over Rs. 100 Crs at Chennai and map the communication channels between planning, production, procurement and store operation functions. Develop digital tools which can work along with SAP for managing RM issuance/ indenting operations & optimized workflows. Also, design a recommendation engine on this tool for the planner/store manager for effective stock selection based on FIFO & reduced material obsolescence. The solution should allow configurable approval hierarchies & service levels, allow barcode scanning & ensure batch traceability, reporting of defects & streamline store return workflows and analytics friendly capturing of data for further optimization and generation of leading/ lagging indicator-based dashboards.

Required Skills & Traits: Critical thinking, Problem solving, Inventory management, Programming languages, Application development

Expected Outcomes: The target outcomes are:

Alternate stock selection recommendation engine
Digitized RM issuance requests
Digitization of approval workflows
Elimination of delays or errors in material issuance to shop-floor
Ensure ease of inventory reconciliation & convergence of physical stock with system stock
Decision support Dashboards with intelligent risk warnings, alerts

Specific courses required for project execution: Production planning, Data analytics & visualization-based courses, Hands-on full stack application development

ITC- Printing and Packaging Business (PPB)- Chennai

Station Overview

Project 1

Title: Optimization of Raw Material (RM) issuance strategies & SFM store management at Chennai