STRIVE Vol 7 Issue 1 | Page 14

Faculty Article AI the next big thing in SCM Big Data Analy cs in Manufacturing By Mohit Goswami Prof. Mohit Goswami is Assistant Professor at Indian Ins tute of Management, Raipur. He is a PhD holder in Department of industrial and systems engineering, IIT khanpur. He worked as a Divisional Manager at Tata Hitachi Construc on Company. He also published many research ar cles in leading published journals. His areas of Interests include - New product Introduc on, Product line design, Supply Chain Management , Risk Modeling in Supply chain among others. I n the last decade or so, manufacturers both in product focused and process focused industries have been able to reduce waste and variabilities in their respective production as well as organizational processes and dramatically improve product quality and yield by implementing lean, six-Sigma, and other incremental quality improvement programs. However, in certain process industries viz. pharmaceuticals, chemicals, and mining, even after quality improvement programs are put in place, swings in variabilities and hence product/process quality cannot be always granted. In context of the sheer numbers of the processes involved and the associated complexities of production activities in such industries influencing yield and product qualities, manufacturers need a more granular approach to diagnosing and correcting process flaws. Big data analytics provides just such an approach. Characteristics of Big data enabled architecture Consider for an example, a large pharmaceutical company that manufactures life-saving drugs. Considering the fact that if such a company caters to both domestic as well as export market, the production process related manufacturing drugs would be subject to high degree of product 13 Operations & Supply Chain Club, IIM Raipur