BLOGS
Industry 4.0: Basic Understanding and Readiness of India
Submitted by : Chirag Kalaria, Purchase Professional, AMUL (GCMMF)
Mankind has witnessed 3 industrial revolution between 17th to 20th century starting from first revolution in which machine operation from steam engine in power loom industry. Subsequently mankind has invented electricity which has changed the way of life and gave birth to assembly lines and mass production concept and give momentum to...
Transparency: What to Expect in Public Procurement
Submitted by : Felix Anton, Associate Director, Grant Thornton India LLP
Public Procurement spend in India has been in the range of 20-30% in recent years (WTO and OECD estimates). According to Ministry of Finance, the spend during 2012-2017 grew from INR 11,973 billion to INR 16,637 billion. In the same year i.e. 2017, Ministry of Finance issued the new General Financial Rules...
Global Procurement Summit 2019 (GPS 2019)
Submitted by : Dr. Gurbandini Kaur, All India Management Association
All India Management Association, in partnership with Ministry of Finance, Government of India and the World Bank organized the Global Procurement Summit 2019, on February 7-8, 2019 at New Delhi. The theme of the summit was Digital Disruption and Innovation: Future of Procurement. The summit brought together the global and regional procurement...
Role of Procurement Experts in Hiring of Consultancy Services
Submitted by : Vishal Chaudhary, Procurement Specialist
Contrary to Procurement of Goods, the Consultancy Services is a bit complex and requires much more attention, care and diligence, being intangible in nature. In procurement of Goods, it may be easier to define specifications and other allied details of goods and related services required. While in procurement of Consultancy Services, Terms of...
Use of IT for Monitoring Public Procurement in India
Submitted by : Amit Sethi, EY LLP
The days of Manual submission of bids in Public Procurement are numbered in India. In a process that started early in the year 2012-13 E Procurement has now more or less completely replaced Manual Procurement. But it dosen’t stop here as Information Technology is being increasingly used in Procurement Monitoring. Some key milestones stages at...
Positioning Procurement Department
Submitted by : Kushal Nagaraj, JC Penney Services India Pvt Ltd
Most important for a growing organization is how they position the Procurement / Sourcing department. Is your executive committee involving the procurement department as part of demand planning process or the annual operating plan (AOP)? Is the procurement department enabled with information on the company’s strategy for the next 3 years or 5...
Procurement is Know-How to Deliver Savings and Additional Value
Submitted by : www.procurement.org
The mistakes often belong to one or several of the following areas: a) structure of Procurement (on global level, category, etc), b) people management (roles and responsibilities, duplication of functions), c) matrix connectivity (influence and communications of Procurement with other functions), d) business processes (lack of agility and...
World Bank pushes for Open Tender System
Submitted by : Namini Wijedasa, The Sunday Times
A World Bank governance expert warns that the absence of open tendering for contracts is a cause for concern in any country. “Open tendering is extremely important,” stressed Felipe Goya, the Bank’s Governance Practice Manager for South Asia. “When you don’t see open tendering in a given country or society, it always raises a red flag....