Beyond Grants: Learn from Startup Success Stories`workshop series

Beyond Grants: Learn from Startup Success Stories`workshop series

Date:  July 31st, 2023

Organizer: KIIT

About the Event: In a recent session titled ‘Beyond Grants: Learn from Startup Success Stories’ hosted by KiiT University, Mr. Abheet Dwivedi (Vice President, Moglix) shared the incredible journey of Moglix as a unicorn with aspiring entrepreneurs and growing startups. 

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CII Indian Commercial Vehicle Conclave

CII Indian Commercial Vehicle Conclave

Date:  July 20th, 2023

Organizer: CII

About the Event: Mr. Rishi Kad, Director of Moglix, took the stage at 2nd edition of CII Indian Commercial Vehicle Conclave in New Delhi.  He shared valuable insights on “Design and Development of Commercial Vehicles for Emerging Markets.” Emphasizing the power of technology, he highlighted how digital collaborative tools are driving effective pricing and cost reduction. 

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7th Edition Procurement Excellence Summit and Awards 2023

7th Edition Procurement Excellence Summit and Awards 2023

Date: July 14th, 2023

Organizer: UBS Forums 

About the Event: Mr. Rupesh Kharbanda, Senior Director at Moglix, shared his invaluable expertise on ‘Procurement: Making Digital Transformation at Work – Digital is the Next Wave at the 7th Edition of Procurement Excellence Summit & Awards 2023 organised by UBS Forums Pvt. Ltd. in New Delhi.

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NextGen Chemicals and Petrochemicals Summit

NextGen Chemicals and Petrochemicals Summit

Date:  July 14th, 2023

Organizer: Indian Chemical News

About the Event: Mr. Mukund Vasudevan, Managing Director, Moglix, shared his thoughts at the Next Gen Chemical & Petrochemicals Summit 2023 organized by Indian Chemical News to shed light on the crucial topic of “Net Zero and Decarbonization Preparedness.

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Procurement and SupplyChain LIVE New York

Procurement and SupplyChain LIVE New York

Date:  june 28th, 2023

Organizer: BizClick 

About the Event: Mr. Rahul Garg (Founder & CEO of Moglix) recently took the stage at Procurement & SupplyChain LIVE Virtual, New York! . His captivating session on ‘The Strategic Sourcing Forum’ in conversation with Ms. Carrie Uhl (Chief Procurement Officer, GE HealthCare) shed light on leveraging digital technology solutions to measure the ROI of strategic sourcing initiatives.

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Brand Connect

Brand Connect

Date:  27th October 2023  

Organizer: CIDC

About the Event:Exciting News! Mr. Rajesh Chiluveri, Director at Moglix, had the honor of presenting at Construction Industry Development Council Brand Connect emphasizing on  “Transforming the landscape of procurement and supply chain in the infrastructure and construction sectors isn’t just a necessity, it’s a commitment to building a brighter, more efficient future”.

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Warehouse Efficiency 101: Strategies for Avoiding the Most Common Pitfalls

Warehouse Efficiency 101: Strategies for Avoiding the Most Common Pitfalls

Are you struggling with warehouse efficiency and feeling like it’s holding back your business growth? Don’t worry, you’ve come to the right place! In this article, we’ll provide you with valuable insights on how to optimize your operations and overcome the stumbling blocks that are hindering your warehouse efficiency. Whether it’s the imbalanced stock, warehouse layout, employee training or even tech and equipment, we’ve covered it all! Get ready to unleash the proven strategies to propel your business forward! 

Table of Contents

  1. Introduction
  2. Messy Warehouse Layout
  3. Imbalanced stock
  4. Not looking after equipment
  5. Not using tech right
  6. Deficiency in employee training 
  7. Conclusion

Introduction

In the world of B2B supply chains, time is like gold in your pocket. Surprisingly, only about 22% of businesses have really dialed in their supply chain game. Imagine the potential waiting to be unlocked! It’s like having a treasure trove of opportunities just waiting for the taking. 

And every second wasted due to inefficiencies costs you financially and gives your competitors an edge. Let’s see the common pitfalls in the warehouse and how to avoid them.

  1. Messy Warehouse Layout

A confusing layout can slow things down for a manufacturing industry. Instead, focus on optimizing your warehouse layout. In the realm of manufacturing, an inefficient layout can significantly impede productivity. Therefore, it’s crucial to optimize your warehouse layout for seamless operations.

  • Aisles: Much like well-maintained paths in a park, ensure your aisles are narrow enough. When designing warehouse aisles, it’s important to strike a balance between width and efficiency. Narrow aisles can help facilitate efficient movement and access to different sections of the warehouse. 
  • Product Placement: Prioritize proximity to the exit for high-demand products. Placing frequently requested items near the exit streamlines the retrieval process, enhancing efficiency.
  • Signage: Think of signage as the street signs within your warehouse. Clear, visible labels and signs help workers locate items swiftly, reducing search times and increasing productivity.
  • Adaptability: Embrace a culture of adaptability. Regularly assess and, if needed, reconfigure your layout based on evolving demands. This flexibility ensures that your warehouse remains optimized for current production needs.

By paying attention to these key factors, you can significantly enhance the efficiency and productivity of your manufacturing warehouse.

  1. Imbalanced Stock OR Uneven inventory
  • Good Systems: Establish a robust tracking system to monitor inventory levels within the warehouse. Utilize advanced software solutions tailored to the manufacturing industry, ensuring accurate and real-time stock visibility.
  • Rotate Stock: Prioritize a “first in, first out” (FIFO) approach. Ensure older materials or products are positioned at the front while newer items are placed at the back. This rotation helps to keep inventory fresh and minimizes the risk of obsolete goods.
  • Regular Checks: Conduct routine inspections to validate physical inventory against digital records. This practice helps identify discrepancies early, allowing for prompt corrective action and preventing potential production delays.
  1. Lagging on equipment care
  • Update Equipment: Periodically evaluate the condition of your machinery. In some cases, retiring older machines in favor of newer, more efficient models is a strategic move to enhance productivity.
  • Fix Problems Fast: Promptly address any malfunctions or breakdowns. Swift repairs prevent disruptions to the production process and curtail potential complications.
  • Regular Checks: Implement routine maintenance checks akin to health check-ups for machines. This proactive approach helps identify and address potential issues before they escalate.
  1. Not Using Tech Right

Tech can help, but only if used properly. Only 63% of businesses have tech solutions in place. 

  • Pick Wisely: Get tech tools that fit your needs.
  • Train Everyone: Make sure everyone knows how to use new tools.
  • Have a Plan B: If tech breaks down, know what to do next. For example, if a warehouse relies on automated conveyor systems for transporting goods, a backup plan could involve having manual conveyor systems available in case of a breakdown.
  1. Deficit in staff training

The people who work in your warehouse are on the front lines. They know the ins and outs of daily operations and can provide invaluable insights:

  • Training: Ensure everyone is well-trained and up-to-date with the latest best practices and technology.
  • Feedback Loop: Create a system where employees can easily share their observations and suggestions. They might spot potential problems or have ideas for improvements that have yet to cross your mind.
  • Reward System: Recognise and reward employees for their ideas and efforts to improve warehouse efficiency. A motivated team can make a significant difference in achieving operational excellence.
  • Open Communication: Foster an environment where communication flows freely. When everyone is on the same page, avoiding and addressing common pitfalls becomes a collective effort.


Conclusion

Warehouse inefficiency can cause 34% of delays in shipping, which causes unnecessary business costs. Here is one case in which Moglix has solved the problems of un-optimised inventory, data discrepancies and a fragmented vendor base. You can achieve a streamlined, efficient warehouse operation by avoiding these pitfalls. Regularly review processes, embrace data-driven decision-making and adjust proactively to stay ahead in the competitive B2B supply chain management world.

CII WR IWN | 8th Edition of WomeNation Summit: Choose to Challenge Yourself

CII WR IWN | 8th Edition of WomeNation Summit: Choose to Challenge Yourself

Date:  Oct 13th  2023  

Organizer: CII IWN

About the Event:Ms. Jigyasa Kishore (she/her), Vice President at Moglix delivered a powerful message at the 8th Edition of the Confederation of Indian Industry‘s WomeNation Summit 2023 in Mumbai. Embracing the theme “Choose to Challenge Yourself” she encouraged everyone to set higher goals, be more ambitious, and break stereotypes. 

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3 Ways Project Heads of Infrastructure Project Developers Can Optimize Metal Fabrication Design

3 Ways Project Heads of Infrastructure Project Developers Can Optimize Metal Fabrication Design

Introduction 

Amidst a booming global metal fabrication market anticipated to soar to USD 29.46 billion by 2029, Project Heads face a critical task. The industry drives infrastructural advancements significantly.  

Optimizing design, particularly in design engineering, becomes vital in this expanding financial landscape. Next, discover three straightforward strategies to optimize your metal fabrication designs, ensuring they are both innovative and cost-effective. 

1. Collaboration and Planning 

A. Defining Strategic Collaboration 

  • Importance: Without apt and explicit communication, even stellar designs remain susceptible to translation errors during fabrication. 
  • Protocols: Engage in discussions, ensuring every query and specification is transparently communicated to the fabricator. 

Example: Consider a scenario where the design stipulates a particular material thickness, tolerance, and flatness. Clear, two-way communication ensures the fabricator comprehends and adheres to these specificities, thereby mitigating the probability of costly errors. 

Note: Any discrepancy between communicated designs and executed fabrications must often be addressed to adequate collaboration. 

B. Systematic Planning for Predictable Outcomes 

  • Sequentially: Employ a phase-wise approach, ensuring each progression logically follows its predecessor. 
  • Documentation: Maintain rigorous documentation throughout the planning process. 

2. Design & Drawing 

A. Uncompromised Design Refinement 

  • Investigation: Subject every element to intensive scrutiny. 
  • Omission: Extract any superfluous aspects within the design. 

An important consideration here is to ensure every preserved element’s adherence to the final product’s ultimate functionality. The design should mirror the end goal in its most optimized forming

B. Expert Insight as a Catalyst for Optimization 

  • Consultation: Engage fabrication experts in regular discussions. 
  • Integration: Integrate their insights into design modifications and enhancements. 
  • Utilize specialist knowledge. 
  • Validate design modifications. 
  • Ensure optimal material utilization. 

3. Material Selection: Bridging Durability with Fiscal Practicality 

A. Rigorous Evaluation of Material Suitability 

  • Testing: Correlate each material against its exposure to different conditions. 
  • Alignment: Ensure each selected material adheres stringently to project parameters and anticipated environmental exposures. 

It is crucial to evaluate not only based on suitability but also from the perspective of fiscal efficiency, ensuring the chosen materials do not inflate costs disproportionately. 

B. Strategic Alloy Utilization 

  • Matching Properties: Choose alloys whose inherent properties resonate with the application’s demands. 
  • Financial Coherence: Ascertain that the selected alloy is financially viable and doesn’t strain the budget. 

Important Note: Every selected material must be substantiated by its functionality, durability and economic viability, establishing a coherent balance. 

Conclusion 

Seize control of your Operations Managers of Infrastructure Project Developers success by intelligently optimizing your metal fabrication design, ensuring a marriage of innovation and cost-efficacy. Let these strategies guide your path forward in a market increasing in both value and complexity. For a deeper dive into custom solutions tailored to your project’s unique demands, please email us at info@moglixbusiness.com or explore our diverse offerings at Moglix Business Solutions