A two-day sourcing strategy and policy meet of material management heads of all units and sectors was inaugurated by Chairman and Managing Director of BHEl, Atul Sobti on Monday at BHEl Bhopal by video-conferencing.
D Bandyopadhyay, Director (HR), T Chokalingam, Director (Finance) and Akhil Joshi, Director (Power) were also present along with CMD. On this occasion Sobti shared the current market scenario with the actions and achievements of BHEl and called upon the participants to take actions for controlling costs, accelerating contract closure and cash collection, and meeting customer expectations in terms of delivery and quality.
He asked the participants to brainstorm to develop strategies for sourcing and come out with suggestions for efficient and competitive procurement leveraging technology. He wished success to the Meet and asked the participants to come out with strategies which will pave way for reduction in material consumption.
S Biswas, Director E, R&D addressed the gathering and stressed upon the need to control and bring down the cost of most important input i.e. Material. This, he said, can be achieved with three prong action i.e. Reduction in input content, Reduction in input cost and effective utilisation of inputs reducing wastages. Strategic procurement is going to be the key to reduce input cost. He wished the success to the participants for coming out with strategy for procurement in their two day meeting.
Earlier, Kishore Purswani, Executive Director, Corporate Operations Management, welcomed the participants and shared the BHEl Corporate statistics of material utilisation and brought out the importance of requirement if material cost reduction. He urged that the need of hour is that every employee should put more than hundred percent for the company.
AMV Yugandhar, Executive Director, BHEl Bhopal, while proposing thanks, assured the CMD that BHEl Bhopal being the mother plant is always ahead in any new initiative and the employees here are committed to meet the corporate expectation. Initiatives were taken for effective utilisation of material and BHEl Bhopal has already brought down the material consumption. The meet is being attended by participants from 30 units/ sectors/ groups of BHEl from all-over India.