The student internship poster competition is a key function held within the annual fall operations conference. The competition was created to benefit both industry visitors as well as students by accomplishing 3 primary objectives:
1. To demonstrate to industry visitors the caliber of summer projects that Krannert students can complete during an internship within a firm, and to provide an alternative resource for locating student candidates interested in operations and supply chain careers.
2. Provide an opportunity for graduate students to promote their talents and market themselves by visiting with industry and explaining the value of their summer work experience.
3. Expose undergraduate and 1st-year MBA students to the variety of companies and employment opportunities they might encounter when searching for internship or full time employment themselves. This year, a new format was implemented for the student internship poster competition. All industry attendees had the opportunity to participate as judges for the competition. Industry judges listened to each participant, asking questions as the students articulated their internship work experience and accomplishments achieved over the summer.
First Place $500 and Sponsors Choice Award $250Sheana Reigle – 2007 Summer Intern
DELL, IT GLOBAL PRODUCT MANAGEMENT
Cancellations and factory sealed returned computer systems account for a significant percentage of Dell production. There is a large opportunity to improve the process for handling these systems by matching return systems to new orders. By doing this, the business could potentially save on shipment, teardown, and production costs. The purpose of the project was to investigate the opportunities for improving the current order matching system and build a business case to propose a deployment plan.
After identifying the current processes across all locations and gathering the costs at each step in the process, an improved order matching system was created. Forecasted volumes were used to build an overall potential savings once the improved order matching system was being used. These potential savings were estimated to be $85M annually. A deployment plan and proposal were designed and presented to the IT executive leadership team. This proposal was used to gain approval for the project and allow the project to be placed on the IT roadmap for next year.
Second Place $300Colby Smith – 2007 Summer Intern
(PRIVATE CONSULTING FIRM)
Ethanol Industry Analysis
The summer internship project consisted of two phases:Phase 1 was to determine the attractiveness of the ethanol industry
Phase 2 (assuming Phase 1 was positive) determine which avenue to take.
The analysis required a standard strategic assessment by looking at the current players, the suppliers, the buyers, substitutes, complements and barriers to entry. The findings suggest that the supply side will be saturated by the end of 2008, discretionary blending is driving demand (thus pegging the price of ethanol to gasoline lockstep) and there will be no corn shortage as corn is renewable and its production can be increased year over year.
Third Place $200Renaldo Trancoso – 2007 Summer Intern
UNITED TECHNOLOGIES CORPORATION,
Productivity Measurement and Reporting
The summer internship project was to develop a model to help 17 plant managers diagnose productivity issues within their 23 general ledger accounts and to help them proactively manage variable costs moving forward. This was accomplished as follows:• Conducted factory visits to understand the role of the plant manager and to understand key activities affecting each account.
• Utilized the information from the factory visit to manipulate financial data into quick “dashboard” data forms that would help plant managers looking forward.
• Evaluated and developed a web-based business process to save headquarters operations finance group several hours per month when aggregating productivity data.
Results:The monthly reporting process was re-engineered from a purely email-excel format to a web based process.
• Reduced number of hours that the operations finance personnel took to aggregate monthly data.
• Used time in a more productive fashion to focus on their actual finance function
• Increased focus on value added tasks.
First Place Undergraduate $250Nate Knestrick – 2007 Summer Intern
INDUSTRIAL DIELECTRICS INC COMPOSITES INTERNATIONAL
Sheet Molding Operations Manuals
Training new employees costs the company many man hours each day. New employees must be trained by experienced employees, but many of the training details could be covered with the writing of proper training manuals. The objective of the summer project was to write manuals for our new sheet molding compound machine and the overall sheet molding compound process from beginning to end.
After working many hours with experienced employees, and many critiques by the sheet molding compound production manager, operation manuals for the new sheet molding compound machine and the sheet molding compound process were created. These step by step manuals were then used by new employees before they were sent out to the production floor. This greatly reduced the number of hours and personnel needed to train new employees.
Other competing posters:Susan Campbell,
Fuping (Harley) Chen,
Johnson & Johnson
Emerson Climate Controls