Bimal Singha

This is one thing we, as procurement professional, have to do in every step of signing a new contract agreement and procurement activity. Every contract agreement has it's own importance in term of essence of time and cost factor. Same is applicable in the case of procurement of any kind. It is very important to asses the background of supplier or contractor, so that you accomplish the main objective of procurement. We have to remember that every requirement or project has it's own time frame. Main objective should be to complete procurement proceeding within the time period and that too in optimum cost. Few checklist, which may be followed while entering a contract or purchase are highlighted below Expertise in the given area. You can not expect everybody to have expertise in all areas. That's why there areas of functions like Electrical, Electronics, Instrumentation, Mechanical, Process, etc. One should honour on the specialised fied only. Profile need to studied as per t...

Logistic management is a very vast subject and it plays a vital roll to serve the customers and also to manage the procurement practice. In this topic I would like to focus on the role of logistic management in procurement. There are many mode of logistic through Air, Sea, Road and Railways. We have to clear in our mind that what mode can be adopted. Time has it's own role to play and the cost factor is also one criteria we can not ignore. Choosing a mode which is most suitable should be of that kind which is efficient in term of Time, economical in terms of price factor and also we should take proper measure to ensure the safety of the good to be transported. To transport Bulk items logistic through Sea is the most economical and efficient. Then next comes Railways and then Road. Logistic by air is the most efficent in terms of time but it very expensive. This mode is been adopted for limited quatity and mostly in the case of critical condition where accute requrement is there. O...

Normally in most of the standard company, there is a practice of STANDARDISATION could be seen. In normal practice, there are set of specification for Raw Materials, Other Production related consumables, Electrical Panels & Switchgear, Mechanical & Maintenance Items, etc. But for Raw materials the standard specs. would be the norm. You can't deviate the specified specs. unless it's been recommended by R&D department for betterment or other reason whatsoever. Same is been recommended for production related consumables. For Electrical Panels and switchgear , to use standard equipments is very much essential as the application is critical and vital. There are any manufacturer who supply OEs in this areas, viz., Siements, L&T, Schnider Electric, ABB, etc. If you are using specific manufacturer's OE, it is recommended that to use the same manufacturer's spares. Precaution to be taken is that to procure the same from reliable vendor who are authorised by...

Procurement as we understand has new challenge everyday. As we know, in every industry reduction of the production cost is highlighted; as present regime of high price it's important to focus on consumers point of view so that the end user may be benefited. In the present scenario, the raw material cost has reached a new height and other running cost is not less as the inflation has reached all time high. Taking all these into consideration, alternative source, efficient and economical mode of procurement to beat the heat is inevitable. The focus should be such that how to procure in most economical way. The few notes are been made as precautionary measure, as below - Use all effort to find alternative supplier across the border. Consider other cost like fuel, energy, etc. with alternative solution. Conserve energy, use automation to the optimum. Control inventory because the present market is fluctuating. Reduce down time of procurement(avoid shortages) and maintenance related do...

You should not live life just for living. You can live for many reasons. It's all about making a difference by doing ordinary things in an unique way. Gandhiji didn't do any extraordinary thing to earn the title "Father of the nation" or " Mahatma". He just believed in himself and did what he had to do in a unique way. To do such things you need to be disciplined, determined and indifference. In this world, you can choose so many disciplines where you can make a difference. Only thing is that you have to believe in it; so that you can do something.. Initialisation is hard but once you initialise to continue, once you are determined, you would be automatically guided. Make a difference, live life to to the fullest and think beyond!...