Team Unified Minds - Leagile-3

Download as pdf or txt
Download as pdf or txt
You are on page 1of 5

IIT Bombay - 2024

Leagile - The Operations Strategy

KARTHIK SOMAYAJI
Roll number: 202402064
MBA-OSCM’26
Hobbies: Playing
Cricket, Reading
Executive Summary Use Case Service Industry Industry Barriers
a. Case Objective c. Functional Illustration: “Waste Prevention & Circular Economy in Supply Chain”

ii. Use Case: In traditional manufacturing, a significant amount of waste is generated due to inefficiencies, overproduction, and
i. Understanding defective products. This waste impacts profitability and has a negative environmental impact.
Present a
“Industry 5.0: Age of
scenario to depict
Augmentation”
the application
Key Facts
about
Waste ii. Overproduction iii. Waiting iv. Non-Utilized Potential
i. Defects
According to the United The fashion industry US trucking industry loses McKinsey: 70% of digital
iii. Exploring the iv. Insight into the generates 92 million tons
Nations, the world generates over $1 billion annually transformations fail, missing
feasibility of Industry 5.0 Downside of Industry 5.0 of textile waste yearly, 15-30% supply chain
around 53.6 million MT of e- due to loading dock wait
in the Service Sector application harming the environment. times. efficiency gains potential.
waste annually.

b. Industry 5.0 Overview


v. Transportation vi. Inventory viii. Extra Processing
• Human-Machine Collaboration: Industry 5.0 emphasizes Excess inventory causes 25- vii. Motion
Global road freight emitted WERC study: 60% of WEF study: Defects in
human involvement in decision-making and creativity instead of 30% of waste in consumer
2.1 gigatons of CO2 in 2021, warehouse material handling is production and supply
full automation. set to rise 20% by 2050. industries, harming landfills unnecessary, slowing processes chains increase carbon
• Sustainability and Integration: The idea that Industry 5.0 and resources. and boosting costs. footprint by 5-10% annually.
should not only focus on technological advancement but also
ensure that society as a whole benefits. Why this Use Case?
• AI and Autonomous Decision Making: Technologies making
Industry To avoid waste &
decisions without human input, with the need to create ethical
5.0 + • AI-driven optimization Current Challenges:
guidelines for AI and robotics. • closed-loop systems create products
• Simulation Circular which are:
• Reverse Logistics
• Computing Economy i. Lack of Visibility
• Big Data
Sustain • climate change Reused
• Cobots - ibility • resource utilization
ii. High Waste
• Visual Sensor Cognition
Focus • zero waste operations Refurbished Generation
• Digital
Perception Interaction Assistants
• Multiple Types of waste iii. Inefficient
• Audio Sensor • Exoskeletons Broader Recycled
Human M/C • Operation Efficiency Processes
Impact • Equipment Lifecycle
• Motion Sensor Symbiosis • HMI
Executive Summary Use Case Service Industry Industry Barriers

a. Implementation Strategy Stages Description Technologies Used Impact

Each step builds on the previous one, Together, they drive towards a more sustainable, Principles of RL Blockchain: Shared ledger, Inventory
efficient supply chain system in line with Industry 5.0. & CE reference points. reduction
iii. RL & Ensure Sustainable
ii. Improving AI-Driven Waste iv. Future Zero-Waste Product IoT & RFID: Identification
CE traceability of sensors, Smart labels & Agile
Operations: Reduction Proofing: Design materials Route
ML Algorithms: SVM, K-
Refurbish & Means, Reinforcement
Optimization
Resell Learning Defects
i. Foundation:
Digital iii. Closing End to End Generative Design: Autodesk Product
Reverse Logistics & Fusion 360, Siemens NX
Twins & AI Product lifecycle Lifespan
the Loop: Circular Economy iv. Zero
Waste Additive Manufacturing: 3D Localized
Stages Description Technologies Used
Human centric printing, On – Demand Prod Production
Impact Design innovation
IoT: Olfactory, Machine, Biotechnology: Material GHG
Virtual replica of Environment Sensors etc
Efficiency Boost Circular Intelligence Analysis, Ansys Emissions
i. Digital
physical assets Economy Resource
Twins Operational Technologies: Unused Life Cycle Assessment: Foot
MES, SCM, SCADA, SRM etc Employee Talent Integration Print Analysis, SimaPro Conservation
Simulation of
performance Cloud Computing: Real-time Reduction in time “Transformation for Better Tomorrow”
data storage waste
• As the days pass, it becomes
AI and ML: Planning Educated immensely important that we take
ii. Reducing waste Improved
Scheduling & Optimization every step cautiously, thinking
in processes workplace safety
Waste Algorithms about all the aspects and
reducti Raw Material implications of the product and
Predict defects, Predictive Maintenance: Industry 5.0 process.
on minimizes waste Preventing Breakdowns usage reduction
by 10-20% • This use case reflected how we
Robotic Process Automation: can leverage technology to
Optimizes Cobots, Human Machine Reduce equipment enhance the living environment
Transparent
performance Interface( HMI ) uptime around us.
Executive Summary Use Case Service Industry Industry Barriers

a. Sector Summary c. Future of Healthcare

Pain Points Secondary Analysis Human –


Key Healthcare Scalable
• Labor shortages, high turnover, and difficulty 72% Outcomes Machine innovation
Customers expect real-time support Impact
in retaining a skilled workforce. Synergy
• Manual processes lead to errors, inefficiency, 60% Firms find Difficulty to stay compliant
and longer service delivery. d. Pitfalls of Boon
• High levels of staff burnout due to longer 20% Cost reduction by Sustainability habits
working hours.
• Need for continuous staff training due to 47% Struggle with Forecasting requirement Ethical Dilemma in decision making Regulatory challenge & compliances
rapidly changing technology and customer
needs. 3rd Leading cause of death is manual flaws
Complex Human-M/c Collaboration Resistance at the employee level
b. Use Case: Smart Hospitals High Initial Investment Costs Over-Reliance on Automation & AI
Human-centric innovation and collaboration between humans and machines can
revolutionize patient care, hospital operations, and medical efficiency. Data Privacy and Security Concerns Job displacement and reskilling gap

i. Diagnostics & Treatment ii. Surgery & Patient Care


e. Appendix
• AI for analyzing medical data to • Robot – Assisted surgery for precise,
assist doctors to get accurate results minimally invasive, speed recovery Sources Used:
• Health Monitoring sensors, • Cobots assist nurses in lifting patients,
wearable sensors for data capturing moving supplies & checking vital signs • Paper on Industry 5.0 Implementation:
https://www.mdpi.com/2076-3417/10/12/4182
• Industry 5.0 : https://www.twi-global.com/technical-
iii. Optimized Supply Chain iv. Medical Training & Aid knowledge/faqs/industry-5-
• Smart Inventory Management system for • Augmented Reality for hands-on 0#:~:text=Industry%205.0%20refers%20to%20robot,aspects%20b
medical supplies, equipment, Stock practice through simulations ack%20into%20the%20equation
• Digital Assistants for waste management • AR tools such as Proximie, VIPAR for • SAP India on Industry 5.0:
& robots for sorting and recycling remote assistance to collaborate with https://www.sap.com/india/insights/industry-5-0.html
specialists world wide
Thank You

You might also like