The 2006 Fall Partners Meeting once again featured a student internship poster competition. Students prepared and presented posters describing their summer internship work. This year, the competition was also open to industrial management undergraduate students.
The poster competition was created to benefit both partners and students by accomplishing three main goals:
- to award second-year MBA students with the opportunity to market themselves to partner executives by leveraging their summer experiences.
- To demonstrate to partner executives the caliber of work Krannert students produce and the type of projects students are excelling at within their summer internships.
- To give first-year MBA and undergraduate students a chance to see which companies are interesting to work for and what type of projects interns complete. It also provides students exposure to a variety of topics of interest within industry.
Top three placement prizes were awarded through generous sponsorship from, Eaton Corporation, Purdue University’s Center for Advanced Manufacturing at Discovery Park, and IBM. Nav Vaidhyanathan took first place. Second place went to Venkat Ganapathy and third place went to Henry Alers.
A special award was given to the only undergraduate to compete against fifteen MBA students. Garth Peterson, BSIM 2007, received a merit award in the amount of $250 for his spirit of confidence and strength of presentation.
First Place $1250
Nav Vaidhyanathan – 2006 Summer Intern
Discover Financial Services
Long-term inactive accounts:
Post activation behavior analysis
The objective of this project is to develop a better understanding of the inactive segments’ behavior, at- and post-activation, from a risk perspective, to develop treatment strategies with the goal of reducing charge-off losses.
Results and Recommendations:
• Never active inactive accounts have a higher charge-off incident rate than previously active inactive accounts
• Cash activation is an indicator of high risk behavior
• Long term PRS and Card member Value (CMV) have predictive properties to differentiate between charge-offs and non-charge-offs
• Introduce BT line (especially useful for segments activating with high utilization and charging off)
Second Place $1000
Venkat Ganapathy – 2006 Summer Intern
Real Projects, Real Impact
Background of Host Corporation:
Eaton Corporation is a premier diversified Industrial manufacturer with 2005 sales revenue of $11.1 billion. Eaton is a global leader in electrical systems and components for power quality, distribution and control; fluid power systems and services for industrial, mobile and aircraft equipment; intelligent truck drivetrain systems for safety and fuel economy; and automotive engine air management systems, powertrain solutions and specialty controls
for performance, fuel economy and safety.
Project 1: “Truck Specific” Quality Policies
Project 2: Supplier Analysis Tools
Project 3: “Truck” Group Level Quality Balance Scorecard
Third Place $750
Heinrich Alers – 2006 Summer Intern
Emerson Process Management
Supplier Development: Lean Focus
Excessive lead times for major purchased components are making it very difficult and expensive to meet increasing customer demands. Since supplier lead times are often longer than those expected by the customer, VAD faced high inventory levels, frequent part shortages, and in turn, poor On-Time-Delivery (OTD) performance. The objective of the summer project was to develop a supplier development program that focuses on Lean manufacturing principles, mainly in order to help suppliers reduce product lead times to VAD. After defining the program in terms of its metrics, organization and process requirements, the goal was to initiate pilot development efforts with key suppliers.
A supplier development program for the division was developed. This program was defined in terms of key metrics, process maps, and current and future state organizational charts.
Special Merit Award $250
Garth A. Peterson - 2006 Undergraduate Intern - Johnsonville Sausage
The internship experience at Johnsonville Sausage provided the opportunity to work on several projects throughout the duration of the internship. My major projects included:
1. Design an asset utilization program that would help identify opportunities for improvement on both the production line and facility levels.
2. Improve several product quality characteristics. The results of these projects have increased the operating efficiency and product quality at Johnsonville.
Other competing posters:
Ludovico de Amicis
Johnson & Johnson
Bank of America
Air Products & Chemicals
A special thank you to the judges of the 2006 Poster Competition.
Phil Chen IBM
Holly George Kimberly-Clark Corporation
Maria Llamas Eaton Corporation
Edel Marrero IBM
Tom McDuffee Saint-Gobain Containers
Mike Musleh Fairfield Manufacturing
Ann Schneider General Motors
– Allison Transmission
Steve Shade Purdue University
– Center for Advanced Manufacturing at Discovery Park