ITM Business School, Kharghar
9 February2019 – 2.15 PM to 3.30 PM
PGDM – Operations & SCM 2018-2020
Topic: Overview of Material Management in SAP (ERP)
This session was conducted by Operations and Supply Chain Management department as a part of Materials Management course. The speaker for the session was Mr. Narendra Sharma, AGM - L&T Hydrocarbon, Mumbai. The objective of this session was to make us understand SAP (Systems, Applications, Products) i.e. role and benefits of SAP.
Introduction of Mr. Narendra Sharma :
About the session :
||Mr. Narendra Sharma is a graduate in Industrial Engineering and has completed his graduation from Indian Institute of Industrial Engineering, Navi Mumbai in 2006. He has an experience of around 21 years in the fields of Project Management, Customer Relationship Management, Sales and Marketing, Procurement &Vendor Development, Planning and Material Planning. Currently he is the AGM of L&T Hydrocarbons, Mumbai.
Mr. Sharma briefed the students about SAP and also about its origin. He mentioned that the current version of SAP that is SAPHANA. He showed a video showing how conventional data recording systems were changed and SAP was introduced.
||SAP is used in data processing. It is an integrated software for operations and it has got various modules in it. Sir, mentioned about the following modules : SD (Sales & Distribution), MM (Material Management), PP (Production Planning), QM (Quality Management), CO (Controlling), FI(Financial Accounting) and HCM(Human Capital Management).He explained how major contribution for any employee, is the motivational factor for an employee, therefore the HCM module also plays an important role. He introduced the students with the new features of SAP. Mr. Sharma mentioned how Artificial Intelligence and RPA is a potential threat to human as it will be able to perform the tasks better than humans in the near future.
Sir, discussed about the SAP MM module.It is one of the significant core modules and supports procurement and inventory management.Various highlights of this module is that it handles direct costs, obscelescence value, indirect cost, inventory carrying costs, material planning, material requirement planning, forward and backward scheduling etc.He gave details about the communication module of SAP, which is a messaging module. The latest update SAP HA
NA has various dashboards and graphics updates, and it can display the various trends like the purchasing spend trends, supplier requisition trends etc.
Mr. Sharma showed how SAP studies the requirement of an organisation befor being implemented. A customised package is given according to the requirements of the organisation. A SAP team comes to the organisation to train the employees on the software. Chances of error by SAP is zero. He mentioned that error can only be caused by data recorded due to human intervention. The session was very interactive and the students were able to understand role and benefits of SAP in ERP systems.
Report submitted by:
Manjit M Shetye
Operations & SCM
Topic: "Insurance policy life Cycle Management"
A guest lecture was organized on 12th of February 2019 at 3:45 pm, for Operations and SCM specialization students, 2018-20 batch. The speaker for the session was Mr. Selvaraj Ramasamy.
Mr. Selvaraj Ramasamy has 30+ years of experience in Life Insurance industry. He worked for the Life Insurance Corporation of India in various capacities such as Operations, IT &Internal Audit in Branch, Divisional & Zonal offices. He has also worked for Bajaj Life Insurance Company Pvt. Limited and SBI Life Insurance Company.
He is a Bachelor of Commerce, Master of Computer Application and Master of Business Administration. He has completed his Executive General Management program from IIM Bangalore. He has a technical qualification in Fellowship of Insurance Institute of India – Mumbai, Oracle Certified Data Base Administrator (DBA).
The session started with the introduction of Mr. Selvaraj Ramasamy. SelvarajSir started his discussion with shooting question on life insurance to understand the take of students onlife insurance. He covered the basic concepts of insurance in the context of Service Operations.HE enlightened the students with the background information of Insurance Regulating Industry (regulated in 1956) and further discussed about nationalization of insurance (1972- nationalized) and explained the types of insurance. Further discussing about insurance laws and policies in India he emphasized on the following topics:
- What is Life insurance?
- Background of insurance
- Objectives of Life insurance
- Insurance terminologies
- Insurable interest
- Distribution Channels (sales)
- Policy Life Cycle Management
- IT support system
He explained the above topics with various examples of life insurance and cleared the doubts of students regarding claims, paying dues, time period of payments, premium and its maturity benefits in different insurance. The sessionconcluded with questions from the students and professors.
In all it was a very informative session.
Few, glances to frame.