Industry 4.0 Final Project Report Submitted by: GROUP 11 MEMBERS – SUJIT SONAWANE P20103 BHASKAR VATS P20051 NISHANT PODDAR P20091 SOUMYA SHARMA P20098 RISHAV KUMAR P20110 Date: 20th March 2022 Contents Introduction ................................................................................................................................................... 3 Product 1: Classroom Jammer ...................................................................................................................... 4 Process Flow Diagram .............................................................................................................................. 5 Product 2: VVPAT ........................................................................................................................................ 7 Process Flow Diagram .................................................................................................................................. 8 Product 3: I 7 Processor Card ..................................................................................................................... 10 Process Flow Diagram ................................................................................................................................ 11 Potential techniques for Industry 4.0 transformation at BEL ..................................................................... 12 Inventory Management with the help of Industry 4.0 – “Smart Inventory System” .................................. 13 Current Scenario ..................................................................................................................................... 13 Problems in current scenario ................................................................................................................... 14 Proposal .................................................................................................................................................. 15 Process Flow ........................................................................................................................................... 15 Benefits ................................................................................................................................................... 15 Added Advantages against challenges faced ...................................................................................... 16 Cost Savings............................................................................................................................................ 16 Lost sales............................................................................................................................................. 16 Labor cost............................................................................................................................................ 17 Cost Structure.......................................................................................................................................... 17 Variable Cost2 ..................................................................................................................................... 18 Market/ Demand ..................................................................................................................................... 18 Defect Management System with the help of Industry 4.0 ........................................................................ 19 Current Scenario ..................................................................................................................................... 19 Problems in Current Scenario ................................................................................................................. 19 Proposal .................................................................................................................................................. 20 Benefits ................................................................................................................................................... 20 Cost Structure ......................................................................................................................................... 21 IIoT enabled Cyber Security Cell ............................................................................................................... 23 Current Scenario and Challenges ............................................................................................................ 23 Proposal .................................................................................................................................................. 24 i Benefits ................................................................................................................................................... 24 Cost Structure.......................................................................................................................................... 24 Manufacturing of Component using Industry 4.0 - Additive Manufacturing ............................................. 25 Current Scenario ..................................................................................................................................... 25 Problems in Current Scenario ................................................................................................................. 25 Proposal .................................................................................................................................................. 25 Benefits ................................................................................................................................................... 26 The chosen transformation .......................................................................................................................... 27 Proposed Model .......................................................................................................................................... 28 References ............................................................................................................................................... 33 ii Organization: Bharat Electronics Limited Introduction At the brink of independence when India gained the capability to make its own choices from an administrative standpoint, the government initiated a handful of undertakings that bloomed into massive organizations in modern India helping the nation stand on its feet by bolstering production and service capabilities. Today these organizations have been granted the title of Navratnas. One of these 9 organizations is Bharat Electronics which operates in the aerospace and defense electronics area and is under the aegis of the Ministry of Defense. Starting in 1954, BEL started off by manufacturing communication equipment in its initial years such as Radio Transmitters for All India Radio. In its youth, the company moved on to producing advanced equipment such as Radars and Black and White CR Television sets. Also, the company ventured into Research and Development Wing. In a way, BEL has been the backbone of the Indian Media Transmission. Eventually, the company moved on to other clients such as Indian Air Force. Through its 70 year journey, the company has moved in to international locations, set up multiple manufacturing units across the country and moved deeper into the manufacture of more sophisticated and technologically advanced equipment for various government clients. In 1996, the company achieved a turnover of 10 Billion INR. Today, the company operates in numerous spaces Defense Communications, Naval Systems, Avionics, Electro-Optics, Simulators and Batteries among many other things. The company aims to become a world-class enterprise in professional electronics while being customer focused globally competitive areas through innovation. With almost 10,000 employees, the company has revenue of 33,000 Crores INR. Going ahead the company is involved in international tie-ups with brands such as General Electric as well BHEL. 3 Product 1: Classroom Jammer About: This device blocks out all the communication frequency bands in the vicinity of 35-40 feet. It is efficient in blocking 1G, 2G, 3G, 4G, 5G, Wi-Fi, and Bluetooth signals. Its prominent features are: ● The device is certified with CABSEC ● It works on a 220 V supply and has an output of 5 Watts ● Frequency Band Power: Band Name Frequency ● CDMA & GSM900 ● 869 – 894 MHz & 935 – 960 MHz ● GSM 1800 ● 1805 – 1880 MHz ● 3G ● 2110 – 2170 MHz ● 4G/LTE-TDD ● 2300 – 2400 MHz 4 ● Wi-Fi & Bluetooth ● 2400 – 2500 MHz Process Flow Diagram 5 6 Product 2: VVPAT About: This device works with the Electronic Voting Machine which consists of a Control Unit and Ballot Unit. This functions as the unit which displays and stores the vote cast by the voters. Prominent features: ● It is embedded with digital signatures that make it tamper-proof. ● It uses a thermal printer whose print does not fade away for at least 5 years. ● It also displays the printed vote to the voter for 5 seconds. 7 Process Flow Diagram 8 9 Product 3: I 7 Processor Card About: This processor is a part of the Integrated Air Command and Control System (IACCS) which is an automated Air Defense command and control center. Prominent features: ● 4.2 GHz frequency ● 64 GB storage capacity ● Encrypted operations keep the data safe from hacking 10 Process Flow Diagram 11 Potential techniques for Industry 4.0 transformation at BEL 1. Smart Inventory Management System (For whole plant) 2. Defect Management System (For manufacturing lines) 3. Cyber-Security 4. Additive Manufacturing 5. Augmented Reality 6. Cloud Computing 12 Note: After discussion, our group selected first four processes on ruled out the rest based on feasibility grounds. A detailed analysis of each Industry 4.0 transformation at BEL is given below Inventory Management with the help of Industry 4.0 – “Smart Inventory System” Current Scenario Currently, BEL has a manual inventory management system, where every inventory item is counted manually and recorded over an excel sheet in-store PC. There is one store for inventory keeping of the plant, where all the incoming raw material is stored. Upon receiving any raw material order, the store manager and assistant manager do the incoming inspection and count the material and keep every raw material to their described store space. After which, data is updated on the PC. Every day, according to production requirements manufacturing department gives the requirement of different raw materials to the store manager on the raw material requirement sheet. With the help of the assistant manager, the store manager manually collects every part and issues it to the manufacturing department. This practice is done separately for every manufacturing line. After issuing the material, the store manager updates the raw material sheet and tracks the inventory. Small components like resistors, capacitors, etc., are ordered in bulk and are issued without any requirement sheet. There is no track for such small materials. For new orders, the store manager makes the list of raw materials required according to inventory left and gives that to DGM store operations. DGM further place the order for every part according to requirement. Many critical components like ICs, Chassis have a longer lead time, and sometimes whole manufacturing line stops if one critical component is not in the inventory. If the store manager forgets to order some components on time, manufacturing gets delayed by days. Also, there is much human error while counting and maintaining the data, which delays production. Sometimes inventory is going under stocked, and many times it is overstocked. 13 Process flow of Current System Items counted manually by Store Manager Inspection and the count data is stored in PC Daily manufacturing department give requirement to the Store and Assistant Manager New orders according to the inventory left Collection of every part, different for different manufacturing line Problems in current scenario S. No 1 2 3 4 5 6 7 8 9 Direct Issue Indirect Issue Overstock and under stock Production stops Inconsistent tracking Production delays Warehouse inefficiency/ Space management Supply chain complexity Human error/ Inaccurate data Inefficient order management (Increases cost of order) Limited visibility Poor communication Inventory loss Loss sales Frequent counts for inventory management Overpromised orders Time consuming Manual Documentation 14 Proposal To create a “Smart Inventory System,” where the Internet, software, wireless sensors, and other advanced technologies will work together to improve the inventory management system, increase warehouse efficiency, and improve manufacturing lines. It will enable a system to react more efficiently to production changes and increase operational efficiency with continued improvement. It will provide a single, scalable and real-time view of inventory and demand that will help grow sales, save costs, and increase customer satisfaction. It will also enable an automated purchase process based on real-time information and data, and orders will be automatically triggered with the correct quantity at the right time. Also, to place and draw inventory automatically from described store space, robotics will be used. Process Flow Warehouse Robotics moving raw materials in and out of warehouse Manufacturing Sensors keeping track of real time inventory Data Analytics: Real time data updating on servers Internet Automatic order placing notification to DGM DGM placing order Benefits With the help of the Smart Inventory System (Industry 4.0), BEL will likely get the following benefits: 1. Real-Time Capability: Industry 4.0 enables everything in real-time, including raw material counting, data recording, documentation, raw material monitoring in a real-time manner. 15 2. Decentralization: It will enable the intelligent inventory system to make decisions autonomously, aligning with industry goals. 3. Interoperability: Human and innovative inventory system will be connected; it will ask Store DGM before placing an order and provide updates about inventory on the spot. 4. Modularity: Smart inventory system will quickly adapt to changing demand and production speed, and it will ensure minimum disruption in ordering raw material, which will prevent overstock and under-stock. 5. Increases Business competitiveness: It will enhance global competitiveness by using advanced technologies. 6. Increased productivity and revenues: It will enhance operational efficiency, lower operational costs, and save inventory stocking, which will increase productivity and revenues. 7. Maximize Inventory ROI: With protection against fluctuations in demand and lead times, fewer overstocks, and under stocks and loss inventories, ROI will be max from inventory. Accurate inventory counts will help to avoid overpromising and losing sales. Added Advantages against challenges faced S. No 1 2 3 4 5 6 7 8 9 Challenges Solution Overstock and under stock Orders based on real time data and production requirements Inconsistent tracking Automatic counting and updating of data Warehouse inefficiency/ Space management Auto-bots to place raw material in inventory to use warehouse at full efficiency Human error/ Inaccurate data Automatic data generation with least errors Limited visibility Data recording on cloud, visible to every authorized person Inventory loss With accurate inventory, minimum inventory loss Frequent counts for inventory management Automatic real time inventory Time consuming Minimum manual interventions Manual Documentation Auto-generated documentations Cost Savings Lost sales Total turnover of company – INR 450 Crores Revenue generated per week (without seasonality) – INR 8.5 Crores 16 Production halts due to insufficient inventory – Approximately 5 to 6 weeks in a year Lost sales due to production halt – 8.5 * 6 = INR 51 Crores Cost saving on lost sales – INR 50 Crores (Approx) Labor cost *Labor used in contractual basis in BEL* Total contractual labor in production lines – 48 Wages – INR 12000 per month Total wages for 6 weeks – INR 864000 Cost savings on Labor – INR 864000 Apart from this, cost savings on overstock and under stock, lost inventory. Cost Structure Fixed Cost1 S. No. Fixed Costs Involved 1 2 3 4 5 6 Sensors* Conveyor system for incoming inventory Conveyor system for outgoing inventory Software Cost Training Cost Other infrastructure cost** Price (INR) 8000000 30000000 30000000 295000 100000 10000000 78395000 Total *Total SKU’s = 2000, so total sensors required = 4000, cost per sensor = INR 2000 **Special Purpose machines required for movement of different types of inventory in the warehouse 17 Variable Cost2 S. No. Variable Costs Involved/ month 1 2 Cloud Space* Software subscription cost Price (INR) 150700 22500 Total 173200 *Connectivity charges + Messaging charges + Device shadow & Registration charges + Rules Engine charges Other variable costs involved: 1. Maintenance cost 2. Spare parts, etc. Market/ Demand With the current market competition with DRDO, ECIL, and other small private players, it is very easy to lose an order if BEL’s technology is not advanced and the product’s quality is at par. Components like resistors and capacitors create antistatic charge if they are kept open and unused for longer time, so the fresher the raw material is, the better is the quality of the product. 18 Defect Management System with the help of Industry 4.0 Current Scenario Currently, the process is designed in such a way that the testing is done manually with the help of certain instruments. So, if I particularly talk about Classroom jammer process, PCB testing, module testing and Jammer testing happens manually with the help of instruments such as multimeter and spectrum analyzer. This makes the process very clumsy and time consuming. Also, the person in charge of these testing has to note down each and every data manually in to the system which makes this process extra dependent on manual effort. Since, the most important process which is testing and validation is dependent on human effort there’s a possibility of mistake happening at different levels such as While performing the test Noting down data in to the system Improper use of the instrument This could possibly lead to ineffective manufacturing process. Now because of this manual effort it gets really difficult to handle the defects properly within the process. Problems in Current Scenario S. No Direct Issue Indirect Issue 1 Manual Overhead Improper Inventory Planning 2 Improper Testing Poor Goodwill 3 Manually Controlled Assembly line Customer Dissatisfaction 4 Human Error Last minute hustle 5 Defective Tools Extra Expenditure on maintenance 6 Time Consuming 7 Error in manufactured instrument 19 Proposal Now that we have identified the problem in the process and the issues happening due to the problem in the process, we recommend a solution to overcome all the concerning problems. Our proposal is to modernize the manufacturing assembly line. A Smart Assembly System will help to get rid of all the issues happening due to the problem. A Smart Assembly System will have the below mentioned components. Interconnected Machines over internet Integrated Testing Tools Automatic RFID Scanner Sensing Devices Explanation of the proposal in details: For example we will talk particularly about Classroom Jammer So, the initial sensing device fitted before PCB assembly will be able to sense and identify all the components provided as input. These components will move forward in to PCB assembly unit where they will get assembled. Now the assembly will move forward for PCB testing. Here, the integrated Multimeter will test the assembly and give the output in the digital screen .The sensing device integrated with Multimeter will record this data and send the same to cloud. From cloud the data will be fetched in to the Ware House Management System and in the data falls under the safe range then the Assembly is good to move forward else a message will be displayed on the digital screen to discard the assembly to save time. And like wise at every stage a testing tool will be integrated with a sensing device in the assembly line along with a digital screen to display output. Here if the assembly is good to move forward then the same message will be passed on to the next machine so that it will understand that it has to perform operation on the upcoming assembly. Benefits With the Smart Assembly System in place, BEL will likely to get the following benefits. 20 1. Automated Assembly Line: Fully automated Assembly line with interconnected machines that will make the human intervention as minimal as possible 2. Control: Full control over the process can be imposed as there will be sensing device at every milestone in the process 3. Data Collection: Ease in data collection as it will be happening automatically and will be getting stored in Cloud 4. Defect Management: The defective instruments can be easily identified and scrapped at an early stage 5. Time Saving: As it is an automated process with everything being interconnected to each other this will save a lot of time. It has minimized the manual effort 6. Forecasting: Data collected can be used to forecast the percentage error that could occur in the process 7. Improved Productivity: As manual intervention has been minimized with defective products getting eliminated as early as possible, the productivity will get improved 8. Better Inventory Management: This will help to manage inventory well by keeping the defective rate in mind Cost Structure *Cost of each smart sensor (IoT sensors) is $38 *Average cost of image sensing device is $73 *Average Cloud server cost per hour = $0.54 (for AWS) *Cost of software = $5714.28 For Classroom Jammer, we need Smart sensors = 4 nos. Image Sensors = 1 nos. Cloud service based upon the requirement Additionally BEL will incur cost of integrating sensing device, testing tools in to the assembly line. 21 *These are rough figures taken from internet 22 IIoT enabled Cyber Security Cell Current Scenario and Challenges Bharat Electronics Limited, being a defense PSU has almost all its clients either from the Armed Forces or Government entities that require confidentiality and secured network. To counter the risk of data leak, all of BEL’s work is carried out in an “Intranet network”. This network not only facilitates sharing and accessing files with a unit, it also enables file sharing across locations in India, be it regional offices, corporate offices, or manufacturing units. However, an incident of Air Force data leak from an official at BEL – Ghaziabad made it clear that the system was not protected enough. For the same, we propose an integrated “Cyber Security Cell” powered by Industrial IoT. The global industrial trends and rapidly progressing technology forecast that it is necessary for every organization to transform themselves into a digitally enabled entity to survive in the longer run. The more digital a company is, the more it is prone to cyber-attacks. 23 Proposal To create an encrypted system with the help of Industry 4.0 with no possibility of data breach whatsoever, Integrated Cyber Security Cell with IIoT. With this system, we will be able to offer our customers; an unreachable data environment that safe keeps the technology and its usage for the ulterior aim of National Security. Also, it will help us to emerge as a superior manufacturer of defense products adding to our value proposition than our competitors, namely Defense Research and Development Organization (DRDO), Electronics Corporation of India (ECIL), Hindustan aeronautics Limited (HAL) and some private players like Paras Defense and Space Technologies Limited. Benefits Advantages of this technology over the existing security protocols in the organization are: 1. Enhancing Customer Trust 2. Proving to be better than competitors 3. Protection of intellectual properties 4. No impact on productivity and performance of products 5. Continuous inventory monitoring 6. Real time access to operational data Cost Structure Element Cost (INR) Employee Training 1,00,000 Software Licenses 1,05,420 Asset Up gradation 2,30,000 Backup Storage Server/Cloud 1,50,700 Insurance of unprecedented events 3,20,000 Total 9,06,120 24 Manufacturing of Component using Industry 4.0 - Additive Manufacturing Current Scenario Currently, BEL has nine manufacturing units in India that produce different products ranging from Radars, Military Communication devices, Night vision devices and Electronic warfare systems. Precision manufacturing of components is very essential because even a minute error in the process may lead to a significant reduction in the efficiency of the final product. In the current manufacturing process at BEL, still, conventional methods are used to develop products like air defense systems. Conventional manufacturing methods are unable to create products of complex designs also, because of this method generation of waste of materials required for manufacturing is more. Due to this, the overall cost of the final product is also increasing, and the efficiency or accuracy is also decreasing. To counter these disadvantages, modern methods of manufacturing should be adopted to BEL to develop products of higher quality. Due to the usage of obsolete technologies by almost all of the defense manufacturing players in India, about 80% of the air defense system equipment and spare parts are imported by India. Problems in Current Scenario Sr.No 1 2 3 4 5 6 7 Direct Issue Indirect Issue Inaccurate manufacturing according to the Design of Equipment Faulty final product Time and labor required for the process High labor costs and production delays Faults in the molding equipment Inappropriate sub-assemblies and dimensions Faults in handling the assembly line process Facing Untimely interruptions Inefficiency in the development of intricate designs Decreased product utilization Generation of a high amount of waste during manufacturing Increasing the overall cost of the product Less efficiency of the Final Product Proposal So identifying the problems due to conventional manufacturing, we propose to use additive manufacturing for the development of PCB for the I7 processor card, which is a part of the Integrated Air Command and control system (IACCS) To start with PCB prototyping and mounting of the components on the PCB board is very vital as it is a very complex and critical part so to ensure a functional end product. For the extrusion process, we will use a header that will drop the droplets of the required metal on board. These 25 materials then start to form layers and accumulate layer by layer. Further conductive gels can be used to fill the gaps. With this, we can build circuit boards that would fit any functional requirement and can be built in non-planar geometry as well. The layer by layer production technique gives the freedom to mount the components horizontally/diagonally or in a curved manner. With additive manufacturing, we can build customizable surfaces, which in turn help to place components in various ways. This would also help to fasten the production process, which is notoriously slow for parts like PCB when build through conventional methods. So here, instead of using traditional techniques which involves material removal and cutting process, we here make use of the additive manufacturing process to build a complex PCB from the ground up. Benefits Traditional manufacturing techniques require lots of effort and time to manufacture tools to create required subsequent parts. Additive manufacturing requires little or no tooling, which helps to speed up the design process stage of BEL equipment. 1. Cost savings on the prototype: Rapid prototyping by conventional manufacturing machines like CNC machines are very expensive, and the material costs involved also add to it. On the other hand additive manufacturing, one can easily make the required changes by printing new parts and checking if they fit the requirements 2. Better suited for the production of a small number of units: If any project demands a lesser number of parts to be produced, additive manufacturing is more flexible and economical in costs compared to setting up machines to do the same in a traditional manner 3. Reduces material wastage: Traditional Manufacturing involves various processes like forming, milling etc which leads to wastage of material but with additive manufacturing, you can print only the parts you want 4. Inventory optimization: In the case of Traditional Manufacturing, materials are stored in various forms like raw, semi-assembled, fully assembled, which might lead to having a lot of 26 obsolete parts. With additive manufacturing, you can store part dimensions and information and print them on demand, thereby having to keep fewer inventories. 5. Design Freedom: Due to additive manufacturing, designers can provide designs that would be intricate but will also be crucial in the proper development of the final product. Overall it will motivate the designers to improve their designs. Comparison Implementation Cost (INR) Cost Savings Smart Inventory Management System 78395000 Defect Management System Cyber Security Additive Manufacturing 746877 906120 - 500864000 - - - The chosen transformation Now, we will compare and contrast the broadly described four possible technology upgrades for different processes at Bharat Electronics Limited on the basis of cost of application, money saved, and importance of advantages, market trends, feasibility, priority and goals of the organization. Cost of Implementation: Inventory Management > Additive Manufacturing > Cyber Security > Defect Management Cost Savings: Inventory Management > Defect Management > Cyber Security> Additive Manufacturing Return on Investment: Investment of approx. 8 Cr. saves more than 50 cr. of lost sales in the inventory management project. Since, BEL is also lagging behind on the automation front, we believe that the Inventory Management Project will boost the confidence of the employees and would encourage them to implement more such projects in future. Hence, we would like to apply the Industry 4.0 concept in the “Smart Inventory System”. 27 Proposed Model Suppliers Approved PO Raw Materials (RM) DGM Auto Generated PO using WMS Warehouse Raw Materials (RM) Purchase Order (PO) Manufacturing Unit 28 The issue with the current inventory model is that in case the warehouse runs out of the raw materials then the manufacturing unit will remain idle until the warehouse gets replenished and that will take some time to happen. One more issue is every time the DGM of the warehouse has to place and order manually and in case he forgets then the halting issue will happen. Also, he has to manually update the record in system if any raw material moves in and out of the warehouse. This makes the job more cumbersome and every single time the person has to feed in all the details without fail. To overcome all the issues mentioned we have placed and online ordering system that sits between manufacturing unit and warehouse. Now, there is no need for a person from the manufacturing unit to come with a physical copy of Purchase Order to get raw materials from the warehouse. The person can directly place and order from the online ordering system and it will move directly to the warehouse and at the same time all the data will move to SAP HANA Cloud, where SAP will be storing all data in cloud. Now, the person sitting in the warehouse will receive the Purchase order from the manufacturing unit in their Warehouse Management System (WMS) which will be integrated with SAP as well. Now in the warehouse that particular Purchase order will get converted in to Sales Order and the warehouse in-charge will fulfill the order in the system. Once that is done, the Automated Guided Vehicles (AGV) will move to the respective location in the inventory and pick up the raw materials and place them in boxes. These boxes will be having a bar code and then the AGV will place these boxed in the conveyor belt. The conveyor belt is equipped with bar code scanner and visual sensors. As the box moves through the belt, the bar code scanner will scan the barcode and will send the details to the SAP system. Also, the visual sensor will scan the volume of the units present inside the box and the same will be shared with SAP. The units transferred out of the Warehouse will automatically get updated in the Front-end system which is WMS and there is no need to manually update it in the system. Now another use of implementing SAP HANA is that the data stored in the cloud related to the orders coming from manufacturing unit and the orders that are placed to suppliers to get the raw materials will be analyzed by the data analytics team and the same will be used to forecast the raw materials required for upcoming months or quarters or years. This will help the warehouse to maintain a safety stock level in their inventory and they will never run out of the raw materials. Also, the WMS is capable enough to place an order without anyone’s supervision as and when the 29 inventory level reaches the reordering point. Now, since this is a government project and Ministry of Defense is connected to this project, the orders cannot be placed directly unlike other private firms. So, the order placed automatically through WMS will move to DGM for approval once the DGM approve the order, it will move automatically to suppliers system/ SAP system and then supplier will fulfill it before warehouse runs out of the inventory. This will enable to warehouse to maintain its inventory in a smart way without much manual intervention. The data stored in the cloud will have multiple uses for the organization and analytics team will use it accordingly. EXPECTED CHALLENGES The selected transformation will bring its own challenges in the implementation phase of the plan. There will be restraint from the employees, the management, and the organization as a whole. Upon discussion with BEL officials, the provocations are boiled down to two broad categories; Organizational and Implementational challenges. They are under the light of the facts that a) The median age of the organization is close to 45 years. b) The ratio of the young generation employees to the old generation is 1:4. c) The average tenure served in BEL is around 20 years. ORGANIZATIONAL Employees are not willing to accept change: The technology up-gradation that is brought along with this transformation might not be welcomed by all, as some employees are settled in their comfort zone and do not understand the importance of this change. 30 Employees reluctant to learn: Having served in the same organization for two decades, people do not feel the need to learn new things as the job does not demand upskilling as well as a PSU offers job security. Orthodox Management Structure: The organization structure was designed way before and undergoes little or no change. This has led to a slow and non-flexible structure that has many levels on the way of any approval. IMPLEMENTATIONAL Huge initial investment: Any project of this value (~INR 8 Crores) will be thoroughly scrutinized before taking into consideration implementing the same. Current Infrastructure: BEL’s current infrastructure is not promising. It currently has a limited extent of automation. More than the production of new products, the majority of the work is repair, rework, and maintenance of existing products. Dedicated team to operate the new system: As the new system will be installed by a third party vendor, we need a team that understands the in-out functioning of the entire system to handle crisis situations. STRATEGY The above-mentioned challenges are both mitigable and non-mitigable. The non-mitigable challenges are the management system and approval procedures which are changed only under the circumstances of an organizational change or privatization. As per the infrastructure is concerned, the budget amount of the project includes all the necessary machinery and equipment required for the system. Hiring a new team or skilling an interested set of people can be planned ahead and performed promptly as per the project timelines with little additional costs. 31 The mitigation of challenges associated with employees will be of paramount importance in the success of the Inventory Management System Project and hence only an adaptive strategy will be able to overcome this issue. In this regard, a three-step plan is laid out: Brief: A fair number of sessions will be conducted to stress the requirement and advantages of the project to convince employees that it will save time and money. Train: Training will be given to the department employees in order to ensure smooth running and working of the project as well as the advanced technology used in the system. Test: Their learnings will be tested through regular tests that will ascertain employees’ knowledge and dedication towards the development of the organization. The implications of the implementation of the Inventory Management System are wellacknowledged and necessary measures will be taken from time to time to ensure a flexible and smooth process. The suggestions given by BEL officials have also been included in the report to keep a check on the feasibility and practicality of the project. 32 References 1. https://bel-india.in/Default.aspx 2. https://www.businessnewsdaily.com/15928-best-inventory-management-software.html 3. https://aws.amazon.com/iot-core/pricing/ 4. https://www.ge.com/digital/iiot-platform/cyber-security-trust-center 5. https://home.kpmg/xx/en/home/services/advisory/risk-consulting/cyber-securityservices/industrial-internet-of-things-cyber-security.html 6. https://blog.capterra.com/how-much-does-network-security-software-cost/ 33