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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…

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…

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…

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…

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.…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

Following strict code of conduct

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

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…

“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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