Voice of Procurement: Analysis and Insights on Supply Chain Strategy for 2023
Voice of Procurement: Analysis and Insights on Supply Chain Strategy for 2023
Insights on Supply Chain Strategy and Procurement Digitization for Indian Manufacturing in 2023
About the Release of the Whitepaper
2023 holds significance for the Indian manufacturing sector and the Indian economy for multiple reasons. 2023 marks India’s Presidency of the G20, begins the countdown on our pledges on net zero emissions at COP26 and COP27 by 2070, and marks the beginning of the end of the COVID19 pandemic. Above all 2023 resumes the journey of CXOs in Indian manufacturing towards a USD 5 trillion GDP. Amid all the market dynamics, massive fiscal expansion by the Government of India under the aegis of the Union Budget for policies like the National Infrastructure Pipeline, PM Gati Shakti, Make in India, Bharat Mala, and Sagar Mala, CXOs need to answer to three questions to simplify procurement. These questions relate to choices of:
- Supply chain strategy
- Procurement digitization and
- Output metrics
for the line items that they procure.
This whitepaper is aimed at enabling visibility into what supply chain and procurement leaders are prioritizing in 2023.
Thoughts on Research Behind the Whitepaper
Our first whitepaper “Voice of Procurement: Analysis and Insights on Supply Chain Strategy in 2023” is a simple statistical inferencing exercise that brings out which pain point has garnered how many pocket book votes in the true spirit of free market democracy. We reached out 100 respondents from a wide diversity of our enterprise customers to seek their responses on questions pertaining to their priorities for 2023. We analysed their responses to arrive at what’s the priority that gets maximum votes and thereby decoded the trends in quantitative terms.
Audience of the Whitepaper
The whitepaper is aimed at procurement and supply chain leaders of the Indian manufacturing supply chain ecosystem. The procurement and digital supply chain transformation trends that we have identified represent the collective responses and priorities of the following industry verticals and sub-sectors:
1. Automobile
2. Infrastructure EPC
3. Electrical Switchgear
4. Tyres
5. Metals & Mining (Non-Ferrous and Iron & Steel)
6. Wires & Cables
7. Textiles
8. Pharma
9. Chemical
10. Renewable Energy (Solar PV, Hybrid)
11. Consumer Electronics
12. Cement
13. FMCG
14. Footwear
15. Real Estate
At the end of our analysis, we leave you with a simple decision-making enabler for choice of supply chain strategy and procurement technology for diverse categories of line items.
Contents of the Whitepaper
The whitepaper contains insights on:
- Cost optimization as a procurement priority for manufacturers in India in 2023
- Supply chain substitutions for fulfilment of the mandate for ESG compliance
- Visibility into the supply chain and metrics for exhaustive supplier capability mapping
- Value reengineering methods for enterprises and suppliers to scale up capacity
- Procurement digitization essentials for business continuity and de-risking
- Integrated procurement digitization models such as P2P cycle digitization
- Kraljic matrix for choice of supply chain strategy and procurement technology for line items
Procurement Excellence 10th Edition Summit & Awards 2024
Procurement Excellence 10th Edition Summit & Awards 2024
Date: 18th October
Organizer: UBS Forums Pvt. Ltd.
About the Event: Mr. Rupesh Kharbanda, Vice President at Moglix, recently spoke at the Procurement Excellence 10th Edition Summit & Awards 2024 by UBS Forums Pvt. Ltd. in Bangalore! The session highlighted: The power of Transformational Technology in shaping procurement processes. Strategies for Building Resilient Supply Chains.
CXO Leaders Roundtable
CXO Leaders Roundtable
Date: 18th October,2024
Organizer: ObserveNow
About the event: Mr. Shiva Nand Singh, Director at Moglix, recently shared his expert perspectives on “Building Smarter Applications: The Role of GenAI in Product Evolution” at the CXO Leaders Roundtable, organized by ObserveNow. 💡🤖The event brought together industry leaders and innovators to explore how Generative AI (GenAI) is reshaping the future of SaaS applications.
Tech Unicorns in India
Tech Unicorns in India
Date: October 7th
Organizer: Harward Business School
About the event: Mr. Rahul Garg, Founder & CEO of Moglix, recently presented the India Unicorn Report from the Confederation of Indian Industry, alongside the journey of Moglix, to MBA students at Harvard. India’s rapid pace of innovation is remarkable, with our startups showcasing world-class potential. It’s fascinating to observe how global leaders often lag in terms of dynamism and execution speed within India.
Delhi Supplier meet
Delhi Supplier meet
Date: September 27th
Organizer: Moglix
About the event: We recently hosted the Moglix Supplier Meet – Daksh in Delhi, uniting our valued suppliers for a day of networking, sharing insights, and exchanging feedback. Mr. Chaitanya Kulkarni, our Director, showcased our latest initiatives designed to empower our suppliers and facilitate mutual growth. At Moglix, we know our suppliers are critical to our success. Your expertise and creativity play a vital role in delivering outstanding products and services to our customers. We also celebrated the impressive achievements of our suppliers—congratulations to our esteemed award winners.
Together, we are not just scaling businesses; we are building a vibrant ecosystem where everyone thrives. Thank you for being a crucial part of the Moglix journey.
CII WR IWN : 9th Edition of WomeNation Summit Western Region
CII WR IWN : 9th Edition of WomeNation Summit Western Region
Date: September 20th
Organizer: CII
About the event: Ms. Jigyasa Kishore (she/her), VP of Moglix, recently led a discussion on “Igniting Innovation” at the 9th Edition of the WomeNation Summit, organized by the CII Western Region Indian Women Network in Mumbai. This engaging session highlighted the transformative power of entrepreneurial thinking in our rapidly evolving world. Panelists shared their experiences and strategies for fostering creativity, tackling challenges, and turning innovative ideas into reality. Discover how these trailblazers utilize their unique perspectives to inspire change and influence markets.
Bangalore CPO Meet 2024
Bangalore CPO Meet 2024
Date: September 20th
Organizer: GainSkill
About the event: We recently held a successful CPO Connect in Bangalore on “Navigating the Future of Procurement: Leveraging Aggregator Ecosystems and Adaptive Leadership for Strategic Advantage,” in collaboration with Gain Skills Business Media Pvt Ltd.! Mr. Rupesh Kharbanda, our Vice President, shared his expertise on enhancing strategic sourcing through aggregators. It was also a fantastic opportunity to network with CPOs from various sectors!
Daksh Supplier Meet – Chennai
Daksh Supplier Meet – Chennai
Date: September 20th
Organizer: Moglix
About the event: We recently held the Moglix Supplier Meet – Daksh in Chennai, uniting our valued suppliers for a day of networking, insight sharing, and feedback exchange.
At Moglix, we recognize that our suppliers are vital to our success. Together, we are not just scaling businesses; we are building a vibrant ecosystem where everyone thrives.
ET Infra Focus Event
ET Infra Focus Event
Date: September 19th
Organizer: Economic Times Now
About the event: Mr. Rahul Garg, Founder & CEO of Moglix, recently took the stage at the ET NOW Infra Focus Summit & Awards 2024 in Delhi, sharing his vision for “Viksit Bharat @2047”!During his session, he explored the themes of Intention, Innovation, and Inclusiveness, highlighting how the world is evolving and how Moglix is simplifying product delivery to contribute to the vision of a developed India.
RE-INVEST SolarX Startup Session
RE-INVEST SolarX Startup Session
Date: September 16th
Organizer: The Ministry of New and Renewable Energy, Government of India
About the event: Mr. Sandeep Goel, Managing Director at Moglix, recently took part in the 4th Global RE-INVEST 2024 in Gujarat, where he moderated the Solar X Startup Challenge session. He inspired young entrepreneurs and startups to keep innovating and bring fresh ideas to the forefront. His insights sparked meaningful discussions and highlighted the importance of nurturing young talent and innovative ideas. The session provided a platform for emerging startups to showcase their vision and gain critical exposure. Organized by the Ministry of New and Renewable Energy (MNRE), Government of India, in collaboration with the Confederation of Indian Industry and IREDA Ltd., this pivotal event is crucial for advancing renewable energy and networking with global leaders.
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