Pipe Dreams: How Industrial Piping can aid a circular economy
Pipe Dreams: How Industrial Piping can aid a circular economy
With sustainability and environmental awareness becoming hot topics in various industries today, the term ‘circular economy’ is becoming increasingly common. At its core, a circular economy is an economic system that aims to keep resources in use for as long as possible, extracting the maximum value from them while minimizing waste and pollution. Interestingly, there’s an unlikely but essential area to focus for commercial enterprises, while making the journey from a linear to a circular system — Industrial pipes.
Industrial pipes: A crucial piece of the puzzle in achieving circularity
Industrial piping is an indispensable part of modern infrastructure. Poor choice of industrial pipe materials could not only cost your business lakhs of rupees in extensive maintenance and repair but could also have severe and far-reaching environmental consequences.
Copper pipes, for instance, are particularly vulnerable to pinhole leaks arising from pitting corrosion. Debris can also be incredibly harmful in copper piping, resulting in uneven corrosion and causing some parts to decompose faster. Galvanized steel is a bit more rust-resistant, but piping in this category with threaded ends can be prone to leaks.
Water leakage from such industrial piping can cause the wastage of precious resources. And if the materials that leak into the surrounding environment are harmful industrial chemicals and gases, they could affect the immediate ecosystem severely.
Sustainability in different types of industrial pipes
Your business can avoid these grim prospects by choosing the right type of industrial pipes. Industrial pipes can also contribute to a circular economy in many ways. For example, pipes made from recycled plastic or metal can save on the use of virgin resources and reduce wastage.
Pipes made from durable and long-lasting materials can also be used longer, further extending the use of resources. They can also be efficiently processed at the end of their usable life, avoiding additional environmental harm. The bottom line is that the right kind of industrial pipes could pave the way for a circular economy by conserving resources, decreasing waste, and curbing pollution, all while efficiently facilitating the recycling and reuse of materials.
Choose sustainable industrial piping solutions today
Sustainability is the mantra driving the journey into the future, and industries today need to focus on choosing industrial pipe materials that check this box. Partnering with a comprehensive piping solutions partner like Moglix can make this much easier for your business. We help businesses in various industries find the right type of industrial pipes and pipe fittings for multiple applications from various brands without compromising the overall profitability of your venture. Know more
10th Task Force Meeting & Brand Connect, Bhubaneswar
10th Task Force Meeting & Brand Connect, Bhubaneswar
Date : December 15, 2022
Organizer: Construction Industry Development Council (CIDC)
About the Event: Mr. Adhyan Anand, Associate Director, Infra & PSU, Moglix Business recently addressed the community of EPC companies and OEMs that are building India’s infrastructure, at the Bhubaneswar Chapter of the 10th Task Force Meeting & Brand Connect of the Construction Industry Development Council (CIDC).
Common types of Safety Audits: What are they?
Common types of Safety Audits: What are they?
Every organization has several processes to ensure workplace safety, such as fire safety protocols and emergency exit routes. Adherence to workplace safety norms is one of the most significant indicators of an organization’s operational efficiency and commitment to the safety and health of its workforce. Since workplace safety is affected by many factors, it is pivotal to conduct safety audits periodically.
What is A Safety Audit?
A safety audit is an inspection to ascertain the efficacy of an organization’s workplace safety and health management systems. During a safety audit, data about an organization’s existing workplace safety and health protocols are recorded, analyzed, and compared to the regulatory compliance norms. In the previous blog on safety audit 101 we delt with broader types of audits, in this blog we go a little granular.
Types of Safety Audits
There are five major types of audits, namely, Electrical Safety Audit, Fire Safety Audit, Environment Safety Audit, Occupational Health & Safety Audit (OSHA), and Wash Audit. Each of these safety audits has a different scope and purpose; you must have clarity on your audit requirements to choose the right type of safety audit.
Electrical Safety Audits
Electrical Safety audits evaluate the safety and security of electrical installations prone to fire hazards. This encompasses a thorough inspection, testing, and verification of all kinds of electrical equipment and appliances in a facility. It also aims to identify possible hotspots, review emergency procedures and mitigate future risks to ensure compliance with applicable Safety Standards and Regulations. Reach out to us if you need to conduct a electrical safety audit.
Fire Safety Audits
Fire safety audits encompass various elements, like a review of your organization’s fire safety policy, assessing the level of competence of personnel in fire safety roles, and compliance with national legal regulations. These audits include onsite visits, interviews with different people in the organization, mock drills, document reviews, and more. Businesses of different sizes and sectors can benefit from fire safety audits. Reach out to us if you need to conduct a Fire safety audit.
Environmental Safety Audit
With sustainability increasingly prioritized across all industries globally, environmental safety audits are growing more relevant by the day. This kind of audit is suitable for all businesses — no matter their ecological management stage. It involves assessing the current policies and processes, identifying gaps in compliance, improving environmental responsibility, and implementing best practices. Reach out to us if you need to conduct an environmental safety audits.
Occupational Health and Safety (OSHA) Audit
Occupational Health and Safety audits identify risks and hazards in general workplace safety. This covers various aspects of today’s workplace, such as ventilation, waste management, housekeeping, medical aid, workstation ergonomics, and even management safety. Audit teams review OSHA elements, offer recommendations, and facilitate benchmarking against industry best practices. Reach out to us if you need to conduct a OSHA audit.
WASH Audit
An acronym for Workplace Assessment for Safety and Hygiene, WASH audits ensure that your organization adheres to the safety and hygiene guidelines notified by the Ministry of Home Affairs and other local, state, or national governmental entities. In addition, WASH audits assess how accessible and safe your company’s sanitation and water facilities are, identify areas for improvement and eliminate the risks associated with poor workplace hygiene. Reach out to us if you need to conduct a WASH audit.
Invest In Periodic Safety Audits
Since safety audits are instrumental in identifying gaps in an organization’s workplace safety norms, it is pivotal to ensure that such audits are carried out periodically. Should you require certified professionals to conduct any type of safety audit you can contact our team. At Moglix, we partner with organizations to provide safety solutions that go beyond just procurement of safety supplies. Our understanding of the entire value chain allows us to assist in essential actions like safety audits & end user training, that are often ignored, but important to create a safety culture within any organization. Reach out to us to know more on conducting safety audits for your facility or workplace
Safety audits 101: What are they, and why does your workplace need them?
Safety audits 101: What are they, and why does your workplace need them?
Think your workplace is safe?
The International Labour Organization may have some grim news to put things in perspective — it estimates that around 2.3 million worldwide are yearly victims of work-related accidents or diseases. Regardless of the size of your business or the industry in which you operate, your organization may inadvertently be putting employees at risk.
Fortunately, a workplace safety audit can help you identify vulnerable areas in your corporate safety program and take timely measures to fix the gaps revealed. Here’s a closer look at what a safety audit entails and why it is an essential aspect of occupational health and safety (OHS) at your workplace.
Safety audits: What are they, and what do they entail?
A safety audit is a comprehensive process where the auditing entity gathers material information about the level of safety in a corporate workplace. Various aspects of safety, such as health risks, fire safety, and exposure to workplace hazards, are all evaluated as a part of this process. Typically, an audit of this kind is performed on the existing safety plan in the organization. The audit findings can help streamline the safety plan and bring it up to industry standards if needed.
Safety audits can be one of three kinds, as outlined below.
Compliance audits:
Here, the existing safety programs in your organization are reviewed to ensure they adhere to the local OHSA guidelines in place in your country.
Program audits:
These audits gather inputs from employees and workplace staff and evaluate how adequate your existing safety protocols and programs are.
Management system audits:
Management system audits combine both compliance and program audits. They simultaneously assess the adequacy of your safety programs and compare them against the regulations in place.
Three key reasons to prioritize periodic safety audits
Many businesses view safety audits through an anxious or skeptical lens. However, in the best interests of your employees and your business, a safety audit isn’t just optional — but essential today. Here’s why your business needs it.
To ensure regulatory compliance.
Depending on where your business has been established, you may have to comply with various local, federal/state, and central laws pertaining to OHSA. Timely audits allow you to comply with these regulations and avoid potential penalties.
To avoid lawsuits
Any harm caused to an employee can be a potential lawsuit, mainly if it involves legal non-compliance that directly or indirectly leads to harm. Safety audits by a competent partner can help you steer clear of these legal pitfalls by strengthening your company’s safety protocols.
To promote employee well-being.
Safety audits promote employee well-being, which is an oft-overlooked asset. A Harvard-MIT study revealed that, proactive safety audits increased sales by 37% and productivity by 31%. By regularly conducting safety audits, you can gain the advantage of improved revenue and decreased costs.
Bridge the gaps in workplace safety with a comprehensive audit partner today
Workplace safety is a complex target, requiring a healthy collaboration between your company and your audit partner. Moglix works with certified safety consultants and safety auditors to help you design proactive and periodic audit plans. Be it electrical, fire, OSHA or wash audit, we have certified professionals who can help you with any type of audit. Know More
Energizing India at 75 The Renewable Energy Supply Chain Transformation We Need to Fight Climate Change
Energizing India at 75 The Renewable Energy Supply Chain Transformation We Need to Fight Climate Change
Back in December 2021, while writing an article for guest column of a leading business tabloid soon after the COP26 Glasgow Summit on climate change, we had commented on the next steps.
Our observation was that supply chain transformation will enable the smooth reconfiguration of value to reflect the real reprioritization of climate change in corporate value chains and value systems.
Governments will start clearing out carbon content from the supply chain, manufacturers will have to roll out innovative solutions with speed and scale to cash in on the opportunities. Everyone will have an active role to play.
The time for such a supply chain transformation has come. What makes each one of us at Moglix Business so confident about the renewable energy supply chain transformation? The answer to this question is in the e-book “Energizing India@75: The Renewable Energy Supply Chain Transformation We Need to Fight Climate Change”.
The Future of Renewable Energy Supply Chain in India; Digital and Made to Order for Agility at Scale
India’s next generation renewable energy mix to fight climate change will require a whole new approach to handling the manufacturing supply chain. From supplier capability mapping, quality management of made to order equipment like solar PV modules, solar PV cells, wafers/INGOTs to poly silicon, and monitoring work in progress, everything should come together on digitally integrated ecosystems and centralized data governance platforms.
It will ensure that all stakeholders in the ecosystem like IPPs, EPC companies, OEMs, MSMEs, lenders, and investors are relying on the same numbers to look from their respective vantage points.
Energizing India at 75: The Significance of the E-Book
We have tried to answer some difficult questions in this e- book. These include answers to the lenders’ checklist for offering credit to independent power producers, the debt equity ratio for such projects, and which sector offers the greatest incentives to IPPs?
True to the best of our knowledge, we believe that solar PV projects have an advantage. We have therefore done an end-to-end value chain analysis of the solar PV projects.
Complete Guide to Sustainability in Procurement
Complete Guide to Sustainability in Procurement
As per a study conducted by Mckinsey, only 20% of the CPOs surveyed said their companies used sustainability as a key criterion to make sourcing decisions. This is far from encouraging because sustainability is the future. Most industry leaders across the globe make the shift towards future-proofing their operations with sustainability at the core. Additionally, an increasing number of organizations are also driving their efforts toward tackling Environment, Social, and Governance (ESG) issues.
Against the backdrop of these developments, sustainability is the way forward for all facets of supply chain management, including procurement. Sustainable practices are crucial for procurement leaders who want to align their strategies with their organization’s overall principles.
With ‘sustainability’ being the buzzword here, let’s understand how MRO procurement can be transformed to accommodate this necessary principle.
Upgrade to Sustainable Procurement with 3 Simple Steps
Procurement is one of the most important functions in an organization’s supply chain. To implement end-to-end sustainability in your organization’s procurement function, it is pivotal to assess the status quo. Furthermore, you must detect the missing links and devise a comprehensive strategy to address these issues.
Here are the steps that you can adopt for a sustainable approach to all aspects of procurement, including MRO categories.
1. Take stock and ascertain the status quo/weigh up and mark the status quo: The first step is assessing where your supply chain stands and ascertaining its ESG impact. Once you have established the status quo, you must identify the elements of the supply chain which can be optimized. You may be faced with several bottlenecks in the process, for instance, the challenges in MRO procurement.
2. Develop a core strategy and plans to implement it: Having established the areas of improvement in the supply chain function, you must move on to the next step. Develop a strategy to incorporate sustainable practices and processes in procurement. This strategy should encompass all the elements of procurement, ranging from supplier selection to data management and visibility.
3. Drive a phased implementation of the sustainable procurement strategy: Implement an organization-wide sustainable approach to procurement in a phased manner, and make course corrections wherever necessary. It is critical to monitor every step of the transition and compare actual results with the planned ones. Subsequently, you must ensure that the necessary rectifications are implemented in a timely manner.
Switch To Sustainable Procurement Now!
Driving a shift from legacy systems in procurement to sustainable practices is a comprehensive undertaking. Therefore, assistance from experts can help streamline the transition. At Moglix, we can help you streamline your procurement function, including MRO procurement. Download our exclusive e-book to get your hands on an exclusive guide to help you nail the procurement game!
Are you looking to transform your procurement function? Send us your business queries at info@moglixbusiness.com.
Beware of committing the 5 Deadly Sins of Procurement
Beware of committing the 5 Deadly Sins of Procurement
Did you know that over 60% of enterprises rely on manual MRO procurement? But just because it’s prevalent, it doesn’t mean it’s the best strategy. If your organization is also yet to automate and upgrade its procurement process, here are two questions for you:
- Are you struggling to minimize expenses and keep track of costs?
- And are you piling inventory or facing material shortages?
It’s highly likely that you may have answered yes to either of these questions. Unfortunately, such gaps in the procurement process can cause consequential disruptions to your business operations.
Effective management of procurement, especially indirect procurement like MRO (Maintenance, Repair, and Operations), can considerably reduce unnecessary costs. However, curtailing costs alone is not enough. If the COVID-19 pandemic has taught us anything, it is that procurement dynamics are changing as rapidly as technology. Today, procurement spans across departments in companies — from finance to operations — advocating the need for a sound procurement strategy.
So, this Dussehra may be the perfect time for your organization to identify and steer clear of the fundamental errors in the procurement process. After all, the festival is all about the triumph of good over evil, and what better time than now to draw up a plan and fight the cardinal sins of MRO procurement?
5 Sins of Procurement
1. Getting your Sourcing wrong? Think Again
Indulging in any procurement activity without a robust sourcing strategy is calling trouble. From picking out the sellers, negotiating contracts, and buying the materials, vital sourcing channels and effective supply chain management are necessary. Many times there is a spike in demand for goods. You might need to procure from global networks to ensure timely delivery of the product. But, global markets are susceptible to volatility in the currency exchange market, time constraints, and import limitations.
You can mitigate supply risks by diversifying the sourcing channels and selecting the most suitable products and services you require to run the business.
2. Manual Processes are so last decade. What You can do instead?
Living in a digital world and relying on manual processes is outdated and inefficient. Doing things the old way can be comforting but waste time and money. One of the significant challenges in MRO procurement stems from investing time in manual tasks. They make procurement cycles lengthy and lead to increased operational costs.
By digitizing the procurement process, you can safeguard yourself from task burnout and working with poor-quality data. The advent of mobile apps and catalog-based buying ensures you undergo smooth procuring.
3. Streamlined Supplier Base
You might have a business where there is a need for specialized demands and unique materials. Often these necessities are met with a fragmented supplier pool and a decentralized procurement network. Such networks pose significant risks in carefully monitoring the procurement process and lead to massive costs, specifically in MRO categories. Additionally, a decentralized system leaves room for errors because individual departments/stakeholders purchase materials separately. It also results in poor management of data, thus suboptimal business analysis.
To reduce cost, waste, and risks associated with multiple supplier bases, you should opt for supplier consolidation and standardized pricing to beat the latent costs of the procurement: which will allow you with greater buying power and higher long-term returns.
4. Inadequate Analysis of Internal Needs
Faulty decisions always arise when you are uncertain about the company’s requirements and goals. Today, data is the world’s most critical resource, and its improper conduct will lead to inaccurate business forecasting. It paves the way for piling inventories because you cannot gauge the market demand and estimate necessary sales. It results in short budgeting and inferior overall outcomes.
Safeguard your business from the misery of inventory pile-up by strategic optimization. Avail of the benefits of vendor-managed inventory and enjoy the perks of an entirely data-driven process and demand-supply optimization. Also, with the help of an MRO aggregator, you can automate the procurement process and indulge in cost savings.
5. Shoddy Inspection in Contract Agreements
The biggest obstacle to the seamless procurement flow is the lags caused due to breaches in service and contract agreements. SLA breaches can result in delayed delivery of goods or subpar service performance. Moreover, seeking redressal from vendors becomes difficult if you do not follow proper contract management practices.
To avoid such violations, look at the finer points of the contract. Inspect the supplier proposal to keep away from making the wrong decisions.
Get Cracking with the proper steps
Managing MRO in procurement can get overwhelming if not tackled correctly. You can reimagine your procurement process with guided assistance from experts. Moglix, with its digital solution, can assess the pain points of your procurement process and elevate it to a new digital paradigm. Download this exclusive e-book, as it can be a helpful ally in your journey to ease the hassles of procurement.
Looking forward to transforming your procurement? Just send your business query to info@moglixbusiness.com.
Why popular e-marketplaces are a strict no go when it comes to corporate gifting?
Why popular e-marketplaces are a strict no go when it comes to corporate gifting?
How often have you heard (or used) the phrase: “I’ll just buy it online”?
Let’s face it. eCommerce platforms have a robust market presence. They’re the go-to destinations for most people who are shopping online, particularly for gifts. As one global survey revealed, around 42% of people prefer to buy most (or all) of their holiday gifts on one of these platforms.
Often confused, hence seldom understood is the fact that marketplaces lack the sensitivity when it comes to corporate gifting. Shopping for corporate gifts on these marketplaces defeats the objective of corporate gifting. This festive gifting season, hence, it is a good time to reinvent corporate gifting and look beyond these marketplaces for your employee,customer, and other stakeholder gifts.
One of the key reasons to give bespoke portals a chance this year is that they offer greater freedom to personalize the gifts you purchase. And personalization is one of the hottest gifting trends at the moment. Even adding small details like names, designations, and achievements can significantly elevate the quality of a gift.
Customized gifts like these make receivers feel more valued and included in the corporate family. Unfortunately, on larger, bulk-order marketplaces, you cannot choose curated gifts or add a personal touch to every gift.
Another reason to steer clear of universal online stores is their vetting process. Leading eCommerce marketplaces are generally not particularly picky about the sellers they enlist on their platforms. So, you may have to navigate various issues like inaccurate or insufficient product information, failure to meet delivery deadlines, or a lack of standardized customer service.
Additionally, when you look beyond such generic marketplaces to pick a portal that specializes in corporate gifting, you get the advantage of building a relationship with the latter. You can capitalize on this partnership to build a robust and dynamic corporate gifting program that could quickly become a unique value proposition for your company. This may not be possible when you choose large, consolidated eCommerce portals.
Want to give your corporate gifting game an upgrade this year?
If you answered yes to that question, the Moglix Big Bonanza Festival is just what you’re looking for. Its unique and customized corporate gifting catalog includes over 100 brands across 50+ product categories, and you’re sure to find the perfect corporate gift to let your employees, customers, dealers, distributors and suppliers know just how much they are valued.
You can also take advantage of the massive bulk deals and discounts on the products listed for sale. So, no matter what your corporate gift budget is, India’s biggest corporate gifting festival from Moglix is bound to have something for you.
Know more about how to delight your employees and business associates through the Big Bonanza Festival this year.
Corporate Gifting Made Easy – 5 unmissable corporate gifting ideas
Corporate Gifting Made Easy – 5 unmissable corporate gifting ideas
Back in the day, corporate gifts in India may have been limited to a classy gold watch presented to retiring employees. But in the years since, gift-giving has become a more integral part of corporate culture in the country. In fact, the corporate gifting market in India, now worth Rs. 12,000 crores, is estimated to be growing at over 200% annually.
This is not surprising because the gifting season in India’s offices comes around every year (or sometimes even twice a year!). Gifting trends, however, change from one year to the next.
So, if you want to go the extra mile for your employees, customers, vendors, and other stakeholders this festive season while still keeping pace with the times, here are 5 trending corporate gifting ideas across different budgets.
1. Something that’s sustainable and eco-friendly
With businesses and individuals increasingly embracing sustainability, eco-friendly products will undoubtedly be a hit. This year, you can adopt a sustainable theme and choose gifts that contribute to the betterment of the environment, like reusable products, recycled luxury goods, or even organic options for regular products.
2. Something for the home
You could also get the recipients something for their home, like charming home decor items. If your corporate gift budget allows it, you can even consider getting home appliances this season. Alternatively, if your company follows a hybrid work culture, your employees and other stakeholders will certainly appreciate gifts that will be useful in a home office.
3. Something that’s personalized
Customized gifts never go out of style. Adding little details to a gift, like an employee’s or customer’s name, can give a heartfelt touch to the gesture of corporate gifting. It also boosts their morale and trust more than a generic gift ever could. You can customize many regular products like stationery, coffee mugs, photo frames, and more.
4. More gift to you
If personalized or curated gifts are not what you’re considering this year, why not give the recipients more flexibility with a digital gift card? Each individual can redeem their gift cards at the relevant online marketplaces to purchase products or services that they actually want. This kind of flexibility is a gift in itself, isn’t it?
5. Some cool, new tech gifts
You can never go wrong when you choose a tech-based gift. The options here are practically endless. Depending on the budget available, you can opt for accessories like headphones, power banks, smartwatches, and other wearables, or even electric grooming products. These may not be your average corporate gifts, but your employees, customers, and other patrons will certainly appreciate them.
Want to crack the corporate gifting code this season?
If you answered yes to that, you’ll love the Moglix Big Bonanza Festival, India’s biggest corporate gifting festival — where you can find a wide range of gifting options, all available at attractive deals and discounts. Visit our website to know more.
Building India at 75: The Infrastructure We Aspire for and the Supply Chain We Need
Building India at 75: The Infrastructure We Aspire for and the Supply Chain We Need
India@01 was a new shining star of freedom that had just risen on the horizon. It was an India of humble beginnings with an aspiration to reach commanding heights. As India turns 75, this Independence Day and celebrates Azadi Ka Amrit Mahotsav, we must introspect and ask ourselves some meaningful questions.
While life during the COVID19 pandemic was tough, which sector steered India’s economy to safety shores?
What is it that we need to bridge the gaps between the talent that is locked up inside India’s demographic dividend of a 55% young population and the opportunities in the global economy?
The answer is “infrastructure”.
India’s infrastructure sector, leveraged by the government’s mega CAPEX drive, outcome-based union budgeting for the National Infrastructure Pipeline, integrated data governance initiatives like the PM Gati Shakti Master Plan, and a vision to create “100 Smart Cities” is enabling the flow of a staggering INR 1,08,17,449 Cr of value into our economy.
The government expenditure multiplier in India’s infra sector is 2X. The benefits of the CAPEX that we are pump priming will get back to us in the form of economic growth across decades.
Building India@75 signifies a generational change in “our aspirations for infrastructure in the country” and consequently brings into focus the question of “what kind of supply chain do we need to get there?”
The Supply Chain Secrets for EPC Companies Building India@75
The supply chain for building infra for India@75 needs unique performance reporting metrics, processes, competencies, and technologies that can seamlessly integrate with the way in which EPC companies do business. This e-book is divided into three parts. Part one throws light on the opportunities for EPC companies across 21 sub-sectors. Part two delves on the latest trends in the prices of cement and the production and consumption of steel in India. Part three accumulates the learning outcomes of the Infra & PSU team at Moglix Business, derived from procurement and supply chain collaborations with EPC companies.
The Future of Infra Supply Chain in India: Freedom from Efficiency Leakages for EPC Companies
India’s next generation infrastructure will not be built only on land, TMT bars, structural steel, cement, transformers, and electricals alone. Rather it will be but on a digitally concretized foundation that is value engineered through contactless, seamless, and paperless supply chain processes.
It will ensure freedom from cost, time, and manual inefficiencies to EPC companies, project developers, contractors, engineers, and suppliers building India. This Independence Day let’s pledge to build India into a meritocracy where performance connects opportunity on one hand and rewards on the other.
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