THE OFFICE OF AIMA CENTRE FOR MANAGEMENT EDUCATION AT ANDHRA ASSOCIATION BUILDING, 24-25 INSTITUTIONAL AREA, LODHI ROAD, NEW DELHI HAS RELOCATED TO AIMA’S NEW PREMISES AT 15, LINK ROAD, LAJPAT NAGAR, PART-III, NEW DELHI W.E.F 6TH NOVEMBER 2017                  The office of AIMA Centre for Management Services at Management House, 14 Institutional Area, Lodi Road, New Delhi - 110003 has relocated to AIMA’s new premises at 15, Link Road, Lajpat Nagar, Part-III, New Delhi w.e.f. 13th November 2017

Management News

Embrace the Digital

I ndia is on the threshold of major reforms in manufacturing, one of them being the digital transformation of supply chain. Presently, the nation is home to more than 51 million SMEs that perpetually seek conforming ways of doing business to make it big. A sector so dense cannot flourish on traditional ways of business and should rather adapt Embrace the digital to more agile, flexible, scalable, and smart manufacturing processes.

Manufacturing is no more only about mass production, but about new-age mass customisation and quick delivery. Digital can bring about this customisation and superior customer service through data collection and integrated supply chain management. A massive potential of our manufacturing hub remains untapped as almost 80% of supply chain of manufacturing companies is still running offline. While manufacturing generates more data than any other sector of the economy, there are hardly any companies in India that are harnessing this data for decision-making. Unfortunately, a major share of this data that can be used to refine complicated processes and better manage supply chains stays ‘red taped’ and away from the notice of CXOs.

Companies today are realising that a service that consolidates their vendors for them on a digital platform can bring an edge to their business. This means elimination of excess inventory pile-ups, stock outs, weakly optimised negotiations, and man-hours wastage, all that impacts productivity and efficiency of manufacturing units in the long run...... Page 34 and 35