Improving production quality and inspection on manufacturing of

Electrical and Electronics Components used in protection of Critical

Assets
A Proposal report for the BDM capstone Project

Submitted by

Name: ANISH KUMAR PAL

Roll number:22f1001091

IITM Online BS Degree Program,

Indian Institute of Technology, Madras, Chennai

Tamil Nadu, India, 600036

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Contents
1 Executive Summary and Title (200 Words) 2
2 Organisation Background (150 Words) 2
3 Problem Statement (Listed as objectives) (50-75 Words) 3
3.1 Problem statement 1: Explanation in 1-2 lines 3
3.2 Problem statement 2: Explanation in 1-2 lines 3
3.3 Problem statement 2: Explanation in 1-2 lines 3
4 Background of the Problem (200 Words) 3
5 Problem Solving Approach (400 Words) 3
6 Expected Timeline 4
7 Expected Outcome 5

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 Declaration Statement

I am working on a Project titled “Improving production quality and inspection on manufacturing of

Electrical and Electronics Components used in protection of Critical Assets”. I extend my appreciation
to RUGGED MONITORING INDIA PVT. LTD, for providing the necessary resources that enabled me to
conduct my project.

I hereby assert that the data presented and assessed in this project report is genuine and precise to
the utmost extent of my knowledge and capabilities. The data has been gathered from primary
sources and carefully analyzed to assure its reliability.

Additionally, I affirm that all procedures employed for the purpose of data collection and analysis have
been duly explained in this report. The outcomes and inferences derived from the data are an accurate
depiction of the findings acquired through thorough analytical procedures.

I am dedicated to adhering to the principles of academic honesty and integrity, and I am receptive to
any additional examination or validation of the data contained in this project report.

I understand that the execution of this project is intended for individual completion and is not to be
undertaken collectively. I thus affirm that I am not engaged in any form of collaboration with other
individuals, and that all the work undertaken has been solely conducted by me. In the event that
plagiarism is detected in the report at any stage of the project's completion, I am fully aware and
prepared to accept disciplinary measures imposed by the relevant authority.

I understand that all recommendations made in this project report are within the context of the
academic project taken up towards course fulfillment in the BS Degree Program offered by IIT Madras.
The institution does not endorse any of the claims or comments.

Signature of Candidate: (Digital Signature)

Name: ANISH KUMAR PAL

Date: 05/10/2023

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1 Executive Summary and Title

The project focuses on a company located at Hyderabad, India. The business is B2B and deals
in the segment of protection of critical assets like transformers, motors, and generators.
The major business issues that the organization is facing are related to a very nominal profit
due to a large number of inventory stocks and efficient mapping of protective devices.
The issues will be addressed by analyzing the data via different analytical approaches to obtain
a fruitful outcome. (Describe some of the approaches that you are planning to replicate in your
project.)
The expected outcome helps the organization reduce the money blockage in terms of inventory,
which helps increase the profitability of the organization.

2 Organization Background

The company that I am working with is RUGGED MONITORING; which is a for-profit

corporation and deals with condition monitoring of critical assets like Transformers, Motors
and Generators and the service is based in, Quebec City, Canada. Rugged Monitoring brings
in the most innovative products and services to perform real-time comprehensive monitoring
of electrical assets across various industries. They are an industry leading team of asset
condition monitoring experts with 100+ years of combined experience, and are committed to
deliver customizable solutions for challenging applications. Their solutions are designed
accurately with extreme care to enhance the operating efficiency and lifetime of the electrical
assets by identifying the faults before there is any serious breakdown. The major products are
Monitors, Sensors and has an Enterprise Software called RM Eye.

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3 Problem Statement

The major issue comes with the cost cutting and supply chain. For cost cutting efficient
manufacturing methods are to be employed. The company faces huge competition in market so they
need to innovate on their technologies. To handle the complex software and ecosystem, efficient
and knowledgably employees are less in India. The employees are to be trained so training cost and
acquisition cost also increases. Indian market is too early for this innovation so that is also a
challenge the company currently faces.

4 Background of the Problem

Major cause of problems are the complexity of the software, also this innovation is too new. The
cost of the monitoring also involves huge expenditure. The market cap is also small. Though India
provides cheap labor but there is huge lack of skilled labors so the company has to spend huge
amount to train the employees. Effective supply chain management is crucial for ensuring the timely
and cost-efficient delivery of products to customers. Any issues or inefficiencies in the supply chain
can impact both costs and customer satisfaction.

Internal problems are operational costs. The company is looking to reduce its operational costs. This
might include optimizing its manufacturing processes to make them more efficient and cost-
effective. Cost cutting is often a priority for businesses to improve profitability. The Indian market is
still in the early stages for the kind of innovation the company wants to introduce. This can present
challenges in terms of market acceptance, competition, and potentially longer timeframes for
achieving returns on investment.

External problems are Indian markets are too early for adopting modern technologies such as
condition monitoring since the technology is quite expensive for Indian and African markets. Indian
market primarily relies on traditional and cheap protective devices.

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5 Problem Solving Approach (400 Words)

1. Assess Current State:

o Begin by conducting a thorough assessment of the current state of the
business, focusing on cost structures, supply chain processes, technology
stack, and employee skillsets. Gather relevant data and metrics to gain a clear
understanding of the existing challenges.
2. Define Clear Objectives:
o Clearly define the objectives and goals of the data management and data
science project. These objectives should align with addressing the issues
mentioned in the problem statement. For example, improving cost-efficiency,
optimizing the supply chain, enhancing employee expertise, and fostering
technological innovation.
3. Data Collection and Integration:
o Gather relevant data from various sources within the organization, such as
sales data, production data, supply chain data, and employee performance
metrics. Ensure the integration of these diverse data sources to create a unified
data repository.
4. Data Analysis and Modelling:
o Utilize data science techniques and tools to analyse the collected data.
Develop predictive models to identify cost-saving opportunities, optimize
supply chain operations, and identify areas where technology can drive
innovation. Machine learning and statistical analysis can be valuable in this
phase.
5. Employee Training and Development:
o Invest in employee training programs to bridge the knowledge gap mentioned
in the problem statement. Develop customized training modules that focus on
the specific skills required for managing complex software and data
ecosystems. Consider partnering with educational institutions or training
providers if necessary.
6. Technological Innovation:
o Foster a culture of innovation within the organization by setting up dedicated
R&D teams or innovation labs. Encourage employees to explore and
experiment with emerging technologies relevant to the industry. Allocate a
portion of the budget to research and development efforts.
7. Supply Chain Optimization:
o Apply data-driven insights to optimize the supply chain. Implement inventory
management systems, demand forecasting models, and logistics optimization
tools to reduce costs and improve efficiency. Collaborate closely with
suppliers and partners to streamline processes.
8. Market Analysis and Strategy:
o Conduct a thorough market analysis to understand the unique dynamics of the
Indian market. Tailor your innovation strategy to meet the specific needs and
preferences of the target audience. Monitor market trends and adapt the
business strategy accordingly.
9. Continuous Monitoring and Improvement:

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 o Implement robust data monitoring and reporting systems to track progress
toward achieving the defined objectives. Regularly review the results of data
analysis and adjust strategies as needed to ensure continuous improvement.
10. Cross-Functional Collaboration:
o Encourage collaboration between different departments within the
organization, such as IT, operations, marketing, and HR. A cross-functional
approach is crucial for the successful execution of a data-driven project.
11. Budget Allocation and Resource Management:
o Allocate budget and resources strategically, ensuring that investments align
with project priorities and expected outcomes. Regularly review budget
allocation to make necessary adjustments.
12. Communication and Change Management:
o Effectively communicate the goals and progress of the project to all
stakeholders, ensuring buy-in from employees and management. Implement
change management strategies to facilitate the adoption of new processes and
technologies.

6 Expected Timeline

6.1 Work Breakdown Structure:

Project Initiation (1 Day): Define project objectives and goals. Assemble project team.
Identify stakeholders and establish communication channels.

Assessment Data Collection and Preparation (1 Day): Gather data on current cost
structures, supply chain processes, technology stack, and employee skills. Evaluate the
existing infrastructure for data management and analytics.

Data Analysis and Modelling (3 Days): Apply data science techniques to analyse data.
Develop predictive models for cost reduction, supply chain optimization, and innovation
opportunities.

Preparing Mid Term Submission (5 Days)

Finding More Insights While Waiting Approval (4 Days)

Mid Term Approval (1 Day)

Finding Problem’s Solution (10 Days)

Preparing Final Submission (15 Days)

Preparing Slides (8 Days)

Final Approval (1 Day)

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6.2 Gantt chart

Figure 1 Expected timeline for completion of project.

7 Expected Outcome

1. Better inventory planning and better understanding of which products are more sold.
2. Achieve measurable cost reductions through data-driven insights and optimization
strategies. This may include reduced manufacturing costs, improved resource allocation, and
minimized operational inefficiencies.
3. Streamline supply chain operations, resulting in reduced lead times, lower inventory costs,
and improved order fulfillment. Enhanced supply chain visibility and predictive analytics can
help meet customer demand more efficiently.
4. Foster a data-driven culture within the organization, where decisions are made based on
data analysis and insights. This promotes better decision-making at all levels of the
organization.
5. Track and report on key performance indicators (KPIs) related to cost, supply chain
efficiency, innovation, and employee development. Expect to see improvements in these
metrics over time.
6. Ultimately, the expected outcome is improved financial performance. By addressing the
challenges outlined in the problem statement, the organization should see increased
profitability, revenue growth, and a stronger financial position.