Community of Practice Bangalore Chapter (Panel Discussion)

ISM India recently collaborated with WIPRO to conduct the Community of Practice event in Bangalore. The event turned out to be a huge success with almost 100 professionals from various companies getting together and networking. The main aim of the event was to inform and educate professionals in the procurement and supply management domain about the changes in trends we are going to see in near future related to the field. The professionals also got a chance to interact and network among themselves and grow their connections in the procurement field.

To help understand the future of Procurement and Supply Chain, we had called upon an excellent team of panelists who held an interesting discussion on the subject “NextGen Supply Management”. The panelists were:

  1. Kumarlingan MC – CPO / Director of IBM Global Procurement
  2. Priyanka Rai – Director Indirect Sourcing, Target
  3. Vinod Abraham — Head of Procurement & Enablement Centres and P2P, Group Procurement for ANZ
  4. Suresh Babu – Head of Procurement for India Region, Shnieder Electric
  5. Deepak Chandrashekar – Global Category Manager, Rolls Royce
  6. Muralidharan S – CPO, Wipro Limited

The discussion was very informative, educative and applicable. Watch the video now!

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Community of Practice Bangalore Chapter (Competency Award)

ISM India recently collaborated with WIPRO to conduct the Community of Practice event in Bangalore. The event turned out to be a huge success with almost 100 professionals from various companies getting together and networking. The main aim of the event was to inform and educate professionals in the procurement and supply management domain about the changes in trends we are going to see in near future related to the field. The professionals also got a chance to interact and network among themselves and grow their connections in the procurement field.

To test and enhance the competency level of professionals in the procurement and supply chain domain, ISM India organised a Competency test beforehand. There were more than 90 participants from 75 companies who took the quiz. The top three scorers were awarded during the Community of Practice event. .

Congratulations to the winners!

• Navajith Mohan
• Bhaskar Suryanaray
• Sridhar Golla

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Community of Practice Bangalore Chapter (Krishan K Batra)

ISM India recently collaborated with WIPRO to conduct the Community of Practice event in Bangalore. The event turned out to be a huge success with almost 100 professionals from various companies getting together and networking. The main aim of the event was to inform and educate professionals in the procurement and supply management domain about the changes in trends we are going to see in near future related to the field. The professionals also got a chance to interact and network among themselves and grow their connections in the procurement field.

Krishan K Batra, CEO and president of ISM India, interacted with the audience and shared a great part of his knowledge and concepts regarding the subject Procurement 4.0- Journey towards Excellence. His understanding of the future in Procurement and supply chain is revolutionary and definitely applicable in our professional life.

Watch the video now!

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Community of Practice Bangalore Chapter (Abhijit Bahaduri)

ISM India recently collaborated with WIPRO to conduct the Community of Practice event in Bangalore. The event turned out to be a huge success with almost 100 professionals from various companies getting together and networking. The main aim of the event was to inform and educate professionals in the procurement and supply management domain about the changes in trends we are going to see in near future related to the field. The professionals also got a chance to interact and network among themselves and grow their connections in the procurement field.

During the commencement of the event, we had several learned speakers who shared their ideas relating to the future of procurement and supply management. We had Mr. Abhijit Bahaduri, HR professional, Consultant and author, as the first speaker. His topic was “The Future of Work in digital Supply Chain”. Listen to his speech now to understand the use of artificial intelligence in procurement in the near future and how we need to adapt accordingly.

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The Biggest Supply Chain Management Event Is Coming To Bangalore!

Networking is an important marketing tool required in every corporate. Meeting people from the same domain is necessary in every professional field. Interaction is a key element of marketing. But often people from a particular field don’t really know how to create a circle of professionals from their domain. It gets more and more difficult when the fields become more specific and narrow. Procurement and supply management is one such field. As it is a really specific field, the professionals have a set of completely defined knowledge. And to help those professionals connect, ISM-INDIA brings a very fruitful event to the professionals of Bangalore.

Community of Practice (CoP) is a corporate event conducted by ISM-INDIA to indulge professionals in the field of procurement and supply management into creating a good network base. CoP is an informative and inspiring sessions for likeminded professionals who would be interested in gathering more knowledge about their field and know the latest tricks and trends of the market. This session can help you develop your own skills keeping in line with the latest needs in the area of procurement and supply management. Adding on, it will help you increase your links and contacts that can be beneficial for your professional growth.

CoP was first brought to India by ISM-INDIA in 2015, the first session being held in Chennai and sponsored by World Bank. Since then, we have conducted 6 more CoPs throughout India. Major companies like IBM, Accenture, WIPRO, Infosys and many more have been a part of these events. Needless to say, they have benefited quite a lot from the sessions.

This June, ISM-INDIA brings their CoP to Bangalore for the third time! It brings with it huge opportunities for professionals from the domain of supply chain to meet up and share ideas and knowledge. It will be a great informative session to be a participant of. So save the date- 10th June 2017, to attend the biggest corporate interactive session of the season. The seating is limited so make sure you have registered beforehand. To register yourself, click here: http://www.ism-india.org/cop-registration-form.php.

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India GST Rollout – Freedom for Indian Supply Chain !

GST

Indian Supply Chain is not free, it is chained. With the upcoming (hopefully) GST roll out it shall get its freedom to design its Supply Chain on Logistical & Customer Considerations as opposed to taxation considerations.

This is a once in life time opportunity to relook, redesign, recreate & transform your Supply Chain. The Supply Chain function shall gain importance as the role of Supply Chain as a strategic differentiator shall grow. We are lucky to be part of Supply Chain function in this historic period.

For the Government to roll out GST it could take anything from 7 to 12 months. This is also the time required for Getting Your Supply Chain GST ready. Those who act now will reap the maximum benefits and gain competitive advantage for their organisations.

10 Supply Chain Transformations post GST

1)      Sourcing Rationalisation

GST rollout shall ensure that vendors are decided on cost, quality & service considerations only and not on taxation considerations. This shall also create & opportunity for vendor consolidation.

2)      Manufacturing locations/Mix

Manufacturing centres/mix decisions shall also be focussed on efficiencies & not on tax considerations

3)      Lesser but Bigger Stocking points

The need to have a stocking point in each State/Union Territory shall no longer exists and no of Distribution centres required shall reduce from current up to 45(29 States + 7UT+ 9 required in bigger states) to 1, 5,15 & 30 based on desired service levels.

4)      Lower Inventory due to lesser stocking points

Lower no of stocking points will free up huge cash due to inventory reduction

5)      Bigger Trucks & Newer models of transportation shall emerge

Since the no. of stocking points shall reduce the load per truck per location shall increase. Also newer models of direct shipment to customers & pooling shall evolve.

6)      Faster Transportation due to abolition of Border Check-posts

As per World Bank @ 30% higher freight is incurred due to inter-state border check-posts. The gradual elimination of these check-posts shall result in significant reduction in freight costs as well as reduction in transit times. This shall free up further cash blocked in inventories

7)      Packaging

Packaging needs will have to be relooked at due to changing logistics scope

8)      Supply Chain Software Penetration

Supply Chains will need to have more of Supply Chain Software (In lieu of “Excel”).

9)      Warehousing Transformation

Most companies will need to move from “Single User” dedicated warehouses to Multi User warehouses to take advantage of shared overheads, HD Racking, WMS & advanced MHE. There shall also be a shift from “Own & C & FA Managed” to 3PL managed warehousing

10)   Working Capital Impact

GST shall have to be paid upfront & shall be recovered when it is billed to customers. Hence Shorter the Supply Chain lesser the working Capital blocked in GST.

 

Mr. Shreyas Malkan
Director, ISM-INDIA

 

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LAUNCHING ” SUPPLY CHAIN QUOTE OF THE DAY!”

Dear Friends:

As you are aware, Supply Chain Professionals have major influence on the success of the business. From planning, purchasing, production, transportation, storage, distribution to customer service; the role of supply chain professional is very important. They connect all the major departments in the organization. This function is going through major changes due to increased globalization, outsourcing and technology.

Leading firms now see the supply chain functional leader as the necessary executive to coordinate the end-to-end supply chain process, even though he or she does not control it all.

As a part of our mission, we are trying to foster learning process in the supply chain field through following activities.

  • Webinars
  • Mentoring and Guidance
  • Professional Certifications
  • Training Programs
  • Weekly Newsletter
  • Monthly ISM Magazine.

Based on the request from many of our members, we are launching following additional activities:

  • Supply Chain Quote of the Day!
  • Word of the Day!

These Quotes will be all about knowledge. We hope these will inspire and motivate you. We will appreciate if you could also share the inspiring quotes.  So don’t forget to stop by the “Supply Chain Quote of the Day”. To access this on daily basis please join our Facebook Community (www.facebook.com/ismindia). Every day is a fresh start, so reading a brilliant quote in your field before starting the day can bring a huge difference in the life.

In addition, we will also soon launch “Word of the Day”. This will aim at providing an overview of different processes in the supply chain.

We look forward to your guidance and input to make the above activity a success.

Cheers!
Krishan

Krishan K. Batra
ISM-INDIA

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Linking e-Commerce and Distribution Centers

Linking e-Commerce and Distribution Centers

I had the opportunity to work closely with an E-Commerce company.  I noted that the supply chain have two separate components i.e. E-Commerce and Distribution Centers (DCs). I see E-Commerce as the front end where client can view various choices and click his choice. However at the end it is the distribution center which is going to fulfill the needs of the client or process the order

However I noted that the above functions i.e. E-Commerce and DCs are treated as separate functions. Since the objective is same there is need to combine the two activities so as ensure seamless connection and avoid speed breakers in the process. In addition there seems confusion about the various terms such as Warehouse, Distribution Centers. Today’s DCs have evolved into crucial hubs in supply chain networks. They’re moving goods to market more effectively than ever before and taking on value-added functions that they can perform more efficiently than any other link in the supply chain.

Traditionally warehouses are meant for stockpiling inventory with zero velocity. While DCs call for rapid flow. Hence I will propose to use the term DC instead of warehouse in e-commerce business. A good Distribution Center is expected to provide wide range of services such as transportation, cross-docking, order-fulfillment, labeling and packaging along with whatever services are necessary to complete the order cycle, including order processing, order preparation, shipping, receiving, transportation, returned goods processing and performance measurement.

Posted in COMMUNITY OF PRACTICE, CPSM CERTIFICATION, E-COMMERCE, EDUCATION LEADERSHIP, IPSCM CERTIFICATION FROM UN, ISM USA, ISM-INDIA, Make in India, MBA vs. STARTUPS, News, Procurement, procurement Reforms, procurement Technology, PROCUREMENT TRENDS, SRM | Tagged , | Leave a comment

Supply Management & SCM Concepts

learning-series2

To Your Success:

Over the last few years, CPSM® (Certified Professional in Supply Management) Certification offered by ISM USA has become the global standard of excellence for professionals in Procurement, Supply Management & Supply Chain Management.The CPSM® program reflects the expanded knowledge, skills and abilities required to be a successful professional & a supply chain leader.

In India nearly 1000 candidates undergo CPSM Exams every year. To increase the success rate and expedite the completion of this certification, ISM-INDIA is pleased to launch following activities.

>  Online Exams will be conducted every month.
>  Learning Series: ISM-INDIA is launching webinar series from April 2016.

The focus of the above Learning Series will be to address Procurement & Supply Management Concepts and Practical Tips to prepare for CPSM Exams. These free webinars will enhance your understanding of the subject, so that you can walk into the test centers with confidence.
Every week, we will cover one topic as per specification of exams. For details please visit our site www.ism-india.org.

Cheers!
ISM-INDIA Team

Posted in COMMUNITY OF PRACTICE, CPSM CERTIFICATION, EDUCATION LEADERSHIP, ISM USA, ISM-INDIA, Procurement, procurement Reforms, procurement Technology, PROCUREMENT TRENDS | 2 Comments

PROCUREMENT TRENDS 2016

Procurement-SurveyDear friends,

As in the past, ISM-INDIA has compiled Procurement Trends Report for 2016.  All credit for this goes to many of you who have provided the Survey Forms along with their input. This aims at helping you to use trend into your everyday workplace to stay competitive and efficient.

Think Procurement and often what comes to mind is the struggle or battle to make a supplier give you goods or services for the lowest amount of money possible. As we head into 2016, it is good time to take a look at the new year and see what it may hold in the way of trends.

As per enclosed Procurement Outlook, it is clear in that technology will continue to drive change in Procurement Management. However this will only deliver the intended positive results if it is implemented with strategy and operations that adhere to best practices. Procurement’s new role will be to forge new relationship with suppliers and increase collaboration.

Many thanks for your support and cooperation.

Cheers!

Krishan K. Batra
President & CEO
ISM-INDIA
Website # www.ism-india.org

 

 

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