Digitisation in focus at mjunction’s 2nd Procurement Conference

Kolkata: mjunction services limited, India’s largest B2B e-commerce company, held its 2nd Global Procurement Conference in Kolkata today, where latest digitisation trends that lead to more efficient and transparent procurement, were discussed threadbare. The theme of the conference was “Digitising Procurement for Competitive Advantage.”

Delivering the welcome address, mjunction MD & CEO Mr Vinaya Varma said, “Competitive procurement is crucial because every rupee saved adds to the bottomline of an organisation.” Talking about the primary needs of all Chief Procurement Officers, he said, “Digitisation has become imperative in addressing all these needs efficiently. The experts at the conference today will discuss the diverse facets of procurement and the impact of digitisation on it.”

Mr Shane Fitzsimons, Group Synergy Officer of Tata Sons, said, “What we have seen in this conference is how we can optimise performance through integration of digital with process simplification and standardisation. Our goal is to bring ‘One TATA’ in everything we do and optimise performance across the group in growth, margins, cash and CSR outcomes.”

Mr Vijayanand Chowdhury, Global Head Procurement of Tata Technologies, said, “Tomorrow will be the age of algorithms, age of ‘One Industry’, going beyond our group companies and suppliers. The need of the hour is digital transformation and not only digitisation.”

Mr Amit Bhowmik, Head of Procurement (South Asia) of Linde India, said, “Online product management tool and online pricing contract form the backbone of digital procurement platform in Linde. It is termed ‘Project Iceberg’.”

More than 200 delegates from 80 organisations from all over the world participated in the conference. The knowledge partners of the conference are Institute of Supply Management (ISM) and Supply Chain Management Alumni Society of Bangladesh.