B2B Purchase - Project Procurement Professionals

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EPC companies will leverage digital platforms like e-auctions and reverse auctioning for sourcing

In fact, the entire supply chain will become digitally integrated. The long-term partnerships will be preferred to achieve cost-competitiveness. The…

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Digital transformation has to happen in the industry over a period of time

It will include process digitization, communication platforms, which have become quite necessary and people have to rely on that says…

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Need to change the pattern of procurement and reduce on-site inventory

The construction industry needs to adopt some best practices from the manufacturing industry (i.e. Toyota Way Principles) where Just-In-Time is…

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Hybrid technology is able to perform a wide range of operations

Hybrid technology is used to reference any equipment type that has two power sources, or equipment that can collect, store…

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Construction companies business model needs to be resilient

The companies may now need to focus more on a plug and play solutions like prefabricated ducts and utilities, etc.…

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Government must continue to support the infrastructure sector

On time deliveries of infrastructure projects like roads can boost sentiments as they provide job opportunities and also boosts further…

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Schmersal India inaugurates Global Engineering Centre in Pune

Schmersal India, a subsidiary of the Schmersal Group, inaugurated Global Engineering Centre in Pune on March 13, 2020. After the…

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Better prospects for construction equipment manufacturers

As per the guide lines of the finance minister, Banks must shift benefit of rate cuts to all borrowers including…

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Government initiatives clearly demonstrate intents for positive prospects

Procurement is predominantly a state subject. With this one-nation-one-grid drive coupled with efforts for making state discoms healthy, initiatives towards…

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An EPC player needs to keep a proper balance between buying versus leasing equipment

At present there are equipment renting agencies that also provide customised lease facilities for large projects. EPC player can always…

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Construction equipment’s are the lifelines for any Infra projects

Equipment’s efficiency, the cost of operations, reliability, and ease of operation are some of the parameters which are evaluated before…

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Reliable suppliers add value in procurement function

With pressure of timely or pre-delivery of projects, priorities in project procurement have changed over the last few years. Companies…

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Value over cost boils down to efficiency

The cashflows for planning-estimation or budgeting are locked down during the initial phase of a project and are monitored on…

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Value for money mainstay of procurement

The job of procurement is quite complex and challenging in nature. In the upcoming times, procurement team will have to…

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Need for established model in supply chain

The departments in procurement have evolved in meeting new challenges, working with global vendor base or managing competition by quickly…

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Project management essential for supply chain

Project procurement management is integral to any business or manufacturing activity. The key objective of project procurement management is to…

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The Anatomy of Procurement Practices

‘Procurement Blues’ existed in the past, are existing today and would exist in future; only there is a change in…

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Following strict code of conduct

Storage is still challenge and it is still not on the priority list of an execution site & there is…

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Regulate procurement process by implementing Public Procurement Bill

 The key unfair practice that we see in the market is to prevent or reduce competition. This could be called…

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“Procuring material just in time is a challenge”

The price fluctuation and commitment failure of deliveries is the major lacking practice.   ITD Cementation India is one of the…

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