Sankshetra 2024
Description
Sankshetra’24 aims to provide a dais where the veterans from the industry will interact and reflect with the budding managers on the recent trends and developments in the domain of Operations and Strategy. The Conclave aims to provide the student fraternity at IIM Amritsar with a holistic view of how a cohesive and competitive market responds dynamically to varying conditions.
The first half of the panel discussion will focus on a critical aspect in the Operations and Supply Chain domain – AI-driven route optimization and fleet management: Enhancing real-time delivery efficiency and resilience.
The Second half of the panel discussion will focus on a critical aspect in the Strategy domain – Competing on agility: Strategic flexibility in fast moving markets.
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Operations Theme – AI-driven route optimization and fleet management: Enhancing real-time delivery efficiency and resilience
As companies face increasing demands for fast and efficient delivery services, they are turning to AI to improve route optimization, reduce operational costs, and build resilience against unexpected disruptions like traffic congestion, weather events, and supply chain interruptions.
AI-driven route optimization leverages real-time data, such as traffic patterns and demand forecasting, to continuously adjust delivery routes for maximum efficiency. This enhances fuel savings, minimizes idle time, and enables faster delivery times, especially in complex last- mile deliveries. Predictive analytics play a crucial role in scheduling and route planning.
We use AI to strengthen resilience by predicting potential disruptions and rerouting vehicles in real-time to avoid delays. Implementing AI in fleet management involves understanding the practical and financial implications, such as ROI timelines and strategies for adapting the technology as it evolves.
Strategy Theme – Competing on agility: Strategic flexibility in fast moving markets
In today’s fast-changing business environment, companies must embrace strategic agility to stay competitive. This goes beyond traditional adaptability, requiring strategic flexibility and dynamic capabilities to pivot quickly, realign business objectives, and make real-time adjustments. Effective knowledge management is essential, enabling organizations to capture market insights and anticipate shifts, fostering proactive innovation and decision- making.
Strategic agility also emphasizes scenario planning, allowing companies to prepare for multiple futures and allocate resources effectively. By focusing on high-growth opportunities and deprioritizing areas misaligned with market trends, businesses can act decisively while staying aligned with long-term goals. A culture of agility, open communication, and rapid learning further supports this adaptability, allowing companies to thrive even amid ambiguity. Competing on agility means embedding flexibility as a core element in an organization’s DNA, ensuring it can respond robustly to the marketplace's dynamic demands.
