~ The Distinguished Professor of Operations Management shared insights on resilience and supply chain management during Covid-19 ~
24th June 2021, Mumbai: Dr. Sunil Chopra, Professor of Operations at Kellogg School of Management and Deputy Dean, IBM Professor of Operations Management and Information Systems addressed the students at Great Lakes Institute of Management, Chennai on 23rd June, Wednesday. The virtual session organized as a part of the Distinguished thought Leader Series -Term Zero saw a strong audience of 600+ interacting with Dr. Chopra.
Dr. Chopra began with how challenging circumstances have always been to create effective changes. He further explained how resilience can be designed into a supply chain and at what cost does this come. He also touched on how resilience can be maximized at low cost through ‘industry commons’ – a platform available to use for multiple players.
The session continued with an analysis study of leading retail players in U.S and their performance during the pandemic. Dr. Chopra analysed and said that resilience was to a large extent because of finding effective alternate channels for the supply chain. He further elaborated on the risk of Supply Chain, which is mainly because of the uncertainty on deciding the forthcoming demand. Supply Chain must determine suitable backups and alternate path to ensure the quicker and easier delivery of the product. “The only way to deal with disruption is by designing resilience to supply chain” he further explained.
Speaking about the expense that comes with resilience, Dr. Sunil Chopra emphasized on the importance of designing alternate supply sources, which in short-term might seem like expense, but in long-term these options which initially might not be aimed as for resilience will help to react better in case of any disruption.
Dr. Chopra spoke on the omni-channel retailing which completes the framework of demand and supply. Talking about the centralized and decentralized distribution which is one of the major differentiations between online and brick and mortar stores, he observed that even with online players not being able to maintain low-cost for daily use object they are more affordable for premium objects which are in low demand. This is the reason why online and offline stores are complementing each other and working hand-in-hand.
Speaking during the event, Mr. Bala V. Balachandran, Founder, Great Lakes Institute of Management conveyed his regards on behalf of the students for an interactive and informative session. Dr. Bala highlighted the importance of being prepared for resilience and encouraged audience to explore and learn more on the same lines.
The session is available in the below link:
YouTube - https://drive.google.com/file/
About Great Lakes: Great Lakes Institute of Management, Chennai founded in 2004 by Padma Shri Awardee Dr. Bala V Balachandran is one of the premier B-schools in India. Great Lakes has, within a short span of 15 years emerged as a top-ranked business school. Great Lakes has 50+ full time faculty and 150+ visiting faculty including over 25+ international faculty from top global schools like Yale, Kellogg, Stanford, and Harvard. Further collaborations with world’s leading institutions like University of Houston, University of Bordeaux, Hongkong University of Science & Technology (HKUST), University of Missouri, Kansas, Illinois Institute of Technology, Chicago and Babson College etc., have helped Great Lakes in globally benchmarking its programs.
Great Lakes, Chennai, was accredited by Association of MBAs (AMBA), UK in 2014 and became the youngest B-school in India to receive this prestigious international accreditation. In 2015, Great Lakes, Chennai also received international SAQS accreditation and in 2017, its two-year PGDM program was accredited by National Board of Accreditation (NBA). For the years 2018 -2019, Great Lakes was ranked No.1 in India by Analytics India for its Analytics program. Great Lakes, Chennai was ranked 5th by Outlook India among top private MBA institutions, 9th by Business India, 15th by Business Today and 18th by NIRF among top 10 Indian B-Schools. It was also placed in Super League 2 category by Business Standard in the year 2019.
Led by exceptional academic faculty, steered by an outstanding advisory council, and buoyed by the international collaborations, Great Lakes has been constantly innovating to stay ahead of the needs of our businesses and community. It is the first B-school in India to offer full time specialization in Analytics and first to introduce AI and Machine Learning specialization.
Great Lakes has a 30-acre LEED Platinum rated green campus in Chennai and a second campus in Delhi-NCR. In the year 2019, Great Lakes Gurgaon campus received the prestigious AMBA accreditation and was also ranked among the top 5 emerging business schools by the National HRD Network (NHRDN) for the year 2018-2019. Great Lakes Gurgaon was also ranked 13th by Business World for its one-year program in the year 2019.
Great Lakes offers One Year full time MBA (PGPM) for experienced professionals, Two-year MBA (PGDM), Part Time Executive MBA for senior managers, and Weekend Executive MBA Program. Great Lakes alumni currently numbering 8800+, work at world renowned organizations both in India and overseas across 30 countries.
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