Praj recognised by IIMM for its Supply Chain Management Practices
by Shrutee K/DNS
Pune, India, 1st August, 2017: Praj Industries, a global process solutions company, has been recognised
for its supply chain management (SCM) practices by Indian Institute of
Materials Management (IIMM). Praj has been awarded the “Best Supply Chain Management
Practices” in the large manufacturing sector category at the 4th Annual
Awards held at Sheraton Grand Pune.
IIMM is a national apex body representing a wide spectrum of professionals engaged
in various facets of Material Management such as planning, sourcing, logistics
& supply chain management. It has a network
of 51 branches and 19 chapters and IIMM Pune is the oldest branch established
way back in 1966. IIMM Pune started First Logistics and Supply Chain Management
Awards in 2014 and these awards have gained widespread acceptability in
India Inc.
The 4th Annual Award recognizes an organisation
that has demonstrated superior commitment, innovative strategic leadership and
significant supply chain management/logistics contributions within the
industry. It had esteemed jury comprising industry stalwarts and they
unanimously selected Praj for implementing effective supply chain management
using powerful SCM solutions.
Speaking on this development, Mr Pramod
Chaudhari, Executive Chairman of Praj Industries said, “Innovation is the
backbone of Praj’s operation, be it 2nd Generation Ethanol
technology or processes including supply chain management. It is in the DNA of
Praj to challenge ourselves and come up with newer ways of conducting business,
and achieving better efficiencies in a competitive environment. Praj is happy
to be recognised by the National Apex Body of Material Management for our practices
in supply chain management. In the scheme of manufacturing, and especially in
the case of Praj, supply chain management plays a pivotal role. In fact, it
would only be fair to say that it plays a ‘strategic business’ role and that’s
why SCM is being discussed in board meetings too”.
Praj has been focussing on real time
monitoring of savings by implementing various techniques such as partnering
with the suppliers, pivoting alternate suppliers and smart logistics
initiatives. The company also applies various innovative strategies for
international sourcing such as Best Cost Countries for various commodities,
leveraging embassies and trade bodies, sourcing through trade bodies and
establishing Tri-party agreement ‘We win together (Three handshake)’ for
leveraging geographic advantage. Under the green partner program, Praj has
retained BSI to do audit training and certification of partners for green SCM
initiative.
Mr. K.R. Nair,
Chairman of IIMM said, “This year we received overwhelming response from
companies by way of participated in the 4th edition of IIMM awards
and competition was rather tough. We congratulate Praj for its innovative
practices in supply chain management, which I am sure will inspire fellow
members of IIMM and also other organizations especially from SME sector.”
About Praj Industries Limited:
Praj is a global process solutions company
driven by innovation and integration capabilities, offers solutions to add
significant value to Bio-ethanol facilities, Brewery plants, Water &
Wastewater treatment systems, Critical Process Equipment & Systems,
Hipurity solutions and Bio-products. Over the past three decades, Praj has
focused on Environment, Energy and Agri process led applications. Praj has been
a trusted partner for process engineering, plant & critical equipment and
systems with over 750 references across five continents. Solutions offered by
Praj are backed by its state of the art R&D Center called Praj Matrix. Led
by an accomplished and caring leadership, Praj is a socially responsible
corporate citizen. Praj is listed on the Bombay and National Stock Exchanges of
India.
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