The Ptak Prize competition started in early 2015 and saw over 100's of teams participate in various regional rounds from 10 different countries. Some of the local rounds involved simulation challenges, some regular cases and some via supported competitions and careful consideration of team performance.
After months of selecting the top teams, 20 of them advanced to the final global round held in December 2015. Last years winners NITIE from India and Colorado State University from the US were also in the final 20, so expectations were high.
The case involved solving a manufacturing problem around eye lenses and helping a company figure out a strategy to reduce waste, improve profitability all from a supply chain and financial perspective.
The challenge involved variability in the production process and the company not knowing what SKU (eye lens diopter) would result from the process resulting in a tremendous unbalance of inventory. The challenge was to help solve this issue
|Team Name||University||Country||Total Score (on 50)|
|BUPB-0108||Bangladesh University of Professionals||Bangladesh||41|
|MXUB- 0104||Institute of Business Administration, Univ. of Dhaka||Bangladesh||34|
|Tigers||Colorado State University||United States||33|