Many Enterprises, irrespective of their size, are still resort to decision making using excel, at best, or gut feeling, at worst. Such decision making process not only takes long time to plan, but it also results in sub-optimal resource utilization, leading to higher expenses and capital requirement.
Decisions - such as "where to put the new plant?", "How much should be the capacity of different plants?", "What should be the production schedule?", "How much inventory should be held and where?", "How the orders can be delivered cost-effectively?" - can be made using scientifically proven models. Resorting to such decision making helps companies to reduce operational expenses and capital requirement.
Decision systems using such mathematical models help companies to plan and replan in minutes. Such agility helps companies to cope with, and profit from, dynamic business environment.
The participants are exposed to, and gain working knowledge on:
The programme is delivered using formal lectures combined with practical and interactive case studies and exercises to reinforce concepts covered in each session. The use of ILOG OPL Studio will be emphasised from the start. It will be assumed that delegates have a basic working knowledge of Excel, operations research (LP & IP fundamentals), and programming language (C / Java). Emphasis is placed on delegates gaining practical, hands-on experience of the design and construction of optimization models using ILOG OPL Studio.
Bala has over 28 years of industry experience working in various industries - Manufacturing, Telecom, Finance, and Consulting; handled various functions - Product development, Project Management, Operations and Quality, Business setup and Growth, Training and Business Consulting, working for C-DOT (Govt. of India), Wipro, Lucent Technologies (USA), and Bank of New York Mellon; and in different countries - India, USA, UK, and Israel.
Bala has deep knowledge in international economics, investment science, risk analytics, and operations research. While working for Lucent Technologies, USA, Bala has been awarded with a US patent for coming up with power control algorithm for wireless networks.
Currently, Bala and his team are engaged in optimization model research and development, solution development using such model in the areas of Production Planning / Logistics / Supply Chain / Transportation optimization, and Financial Risk Analytics and Management. Bala is working closely with their clients in helping them reduce operating cost and gain competitive advantage.
Prof. Ram having more than 10 years of experience in teaching Operations Research, Operations Management, and Supply Chain Management for one of the leading business schools in Chennai. In addition, Prof. Ram is an advisor to OptiRisk, and actively involved in optimization model research and consulting. Prof. Ram has a PhD in the field of Operations Research from Indian Institute of Science (IISc). Prof. Ram is a Certified Supply Chain Professional (CSCP) by APICS, USA.
The workshop fee is Rs. 45,000 (Forty Five thousand only) + appicable taxes.