B2B ecommerce company mjunction services in association with ISM (Institute of Supply Management) as its knowledge partner will be organising Global Procurement Summit on 23rd February in Kolkata. The theme of the conference is: Innovations deriving competitive advantage. The conference will exclusively focus on the latest developments in the world of procurement.

Procurement activities of an organisation is vital to its strategic objective of finding the right supplier at the right price. An effective procurement always depends on the sourcing costs, efficient supply chain process and management of supplier relationships. Mjunction CEO Vinaya Varma said, “This conference will provide insights into emerging trends in the use of technology in procurement, and provide a way forward. In the coming days there will be a paradigm shift in the field of procurement and today’s conference will help us in preparing better to face the future challenges.”

The global summit will be attended by industry experts, policy makers and stakeholders in the area of procurement. Some of the key participants will include PwC, KPMG, TATA Steel, BOSCH, SAIL, Rashtriya Ispat Nigam Ltd, NRDA, Spencer Retail, Century Ply, Tata Global Beverages, Star Cement, Power Grid Corporation of India, OFB and IndusInd Bank. They would discuss about the current challenges, how the industry will evolve in the days to come and the impact of technology in the world of procurement.

The conference will have interesting points of discussion varying from the role of blockchain technology in procurement to reduction of cost of procurement via aggregation. Focus would also be on data analytics and supply chain management. Sessions would include discussion on: Fresh ideas in procurement, innovations in supply chain management, power of aggregation in procurement and role of IT in improving operational efficiencies.