Day 4

There were 4 sessions.
1. Operations Management:
Professor Ravichandran has a distinct style of teacher. As one of participants mentioned, no one can throw a lose ball at him. He is batsman always in form, ready to hit for a six. His teaching style, mixed with humour, made it very interesting.
RPO, Ahmedabad case study was discussed. Notes from the class:

Uncertainity leads to anxeity, which leads to enquiries, and leads to irritation with the system:
ex:
1. Investment in stocks - higher uncertainty - track very often
2. Investment in MF - track a little lesser
3. Investment in FD - no tracking

In a linear workflow - Capacity can be increased by increasing resources
Flexible capacity - If same resources have ability to handle multiple tasks, linear workflow should be reorganised to make the capacity flexible.
Cellular manufacturing - manufacturing an entire product or small product line in the same work cell.

2. Macro economics:
Professor talked on the Inflation, India Growth Rate, Macroeconomy Demand Supply curve (Aggregate Demand, Aggregate Supply Curves).

Increased demand increases production, till the Industry reaches Qmax, at which point Price increases.

[ Needs more notes on AD, AS curve, effect of incremental income on investment..]
3. Strategy Management:
There was a wonder discussion on 'Arun Icecream'. Team had improved from the class of Day 2, but still we were far away from being Complete and Concrete.