CII- EV India Summit Southern Region
CII- EV India Summit Southern Region
Date : June 24, 2022
Organizer: The Confederation of Indian Industry (CII)
About the Event: Mr. Rishi Arora, Vice President, Moglix recently shared his perspective on ‘Digital First Procurement’ at the CII Southern Region EV Summit
In search of holy grail of employee wellbeing – Workplace Safety
In search of holy grail of employee wellbeing – Workplace Safety
The rate of change in the workplace is at an all-time high. We all know that change is inevitable and necessary to stay ahead of the competition, but change can induce fatigue across all workforce levels. Gartner’s 2022 report on Top HR Priorities lists change management and redesigning the organisation to be future-ready as critical focus areas for HR leaders.
An excellent first step for talent leaders at organizations’, both big and small, is to define what constitutes employee safety and well-being. A few parameters that can help determine this can be:
1. The nature of work – implications of employee safety for a heavy industry manufacturing facility and a large IT firm are obviously different. The correlation between the business model and employee behavior is affected by nuances like a field workforce, travel, distributed work facilities and man-machine interaction.
2. The intensity of work – Some roles can be more demanding and have longer-lasting implications on people’s physical and mental states. organisations need to be mindful of how much stress various roles can generate.
The concept of Zen derived from Mahayana Buddhism is based on strict principles and virtues, and yet, it retains fluidity to allow disciples to achieve a higher state of mind. Similarly, organisations can seamlessly tie workplace safety and employee well-being with their purpose and culture
Moglix enroute the next wave of rapid growth
Moglix enroute the next wave of rapid growth
Rahul Garg, CEO and Founder recently shared his vision on how Moglix is gearing up for the next wave of rapid growth. He also mentioned that based on various strategic initiatives and strong financial performance last year Moglix is planning to break even in 18 months.
Expanding to newer geographies will also part of his rapid growth strategy, though he believes that it won’t be as straight forward as it sounds, since there aren’t many companies in the similar space.
“There are a lot of things that we need to do as an organization to expand [such as] grabbing more of the market share. We have the best global names that can be on any cap table. So, I think working together to expand globally is the key thing for us”
Pitching For A Procurement Transformation? Here’s Your Checklist Before You Take the Big Leap
Pitching For A Procurement Transformation? Here’s Your Checklist Before You Take the Big Leap
Procurement transformation is a continuous process evolving with technological leaps and digital revolutions. Touchless procurement, ease of discovery, catalog-based buying, sustainable procurement, catalyzed ESG policies, and visibility across the value chain are some benefits that can emerge from a procurement transformation if executed with precision and fastidiousness. However, pitching for procurement mutation can be a tricky task.
Pitching to the Manufacturing Head
A presentation is more likely to succeed with the manufacturing chief if it pivots around the overwhelming importance of digitization and decentralization. A catalog-based purchase platform will tabulate and digitize the list of reliable vendors, which will, over time, aid in filtering out suppliers whose performance and cost-effectiveness outmatch others.
Pitching to the CFO
If a pitch must be made to the CFO, the procurement transformation is more likely to come to fruition if it emphasizes the anticipated cost reductions that will accompany the weeding out of teams engaged in non-value-generating activities.
Pitching to the CEO
A procurement transformation prioritizing customers and their responses will draw greater attention from the CEO.
Why Does Your Company Need A Procurement Transformation?
1. Evaluating the Topline and Profitability Impact of Procurement Transformation
2. Measuring Success at Each Milestone of the Project
3. Avoiding Common Roadblocks
4. Getting Quick Wins
The Final Word
In the new scenario, a procurement officer will have to forego the reliability, stability and predictability of the old matrix and anticipate new seismic shocks to the procurement chain from all corners. These shocks could be systemic, as was the case with the pandemic or financial, as is the case with inflationary pressures or triggered by larger geopolitical tensions. The work of tightening the nuts and bolts of a procurement pipeline is seemingly unending and is a part of the business hygiene of a company.
Rahul Garg’s Exclusive Interview
Rahul Garg’s Exclusive Interview
Date : June 27, 2022
Organizer: India Now, Australian Broadcasting Corporation
About the Event: Our Founder & CEO, Mr. Rahul Garg recently shared his views in an informative session with the Australian Broadcasting Corporation where he shared his views on Moglix and how it is working in sync with the Indian government’s vision to bring digital transformation in India.
CX Excellence Awards- Propelling CX from the boardroom for accelerated growth
CX Excellence Awards- Propelling CX from the boardroom for accelerated growth
Date : June 24, 2022
Organizer: Quantic
About the Event: Mr. Abhi Dasgupta, Senior Director- Customer Success, Moglix recently shared his perspective on ‘Propelling CX from the boardroom for accelerated growth’ at Quantic’s CX Excellence Awards 2022
CII EV Summit
CII EV Summit
Date : June 24, 2022
Organizer: CII
About the Event: Mr. Rishi Arora, Vice President, Moglix recently shared his perspective on ‘Digital First Procurement’ at the CII Sothern Region EV Summit. While laying emphasis on strengthening the digitization of supply chain processes, he went on to add: “Focus on localization & sustainability, cost reduction, and efficient inventory management through cycles of demand fluctuations, are some critical factors that will drive the adaption of Digital First procurement. Our platforms enable seamless collaboration between users and provide a suite of solutions for process automation, analytics, vendor management, and hyper local fulfilment.”
Awareness Seminar on Export Finance Solutions in association with Tiruppur Exporter Association
Awareness Seminar on Export Finance Solutions in association with Tiruppur Exporter Association
Date : June 2, 2022
Organizer: Credlix
About the Event: Mr. Pramit Joshi, Director, Credlix shared his perspective at awareness seminar on Export Finance Solutions which was done in association with Tiruppur’s Exporter Association on 2nd June where our Credlix team interacted with the handicraft and furniture exporters on their Pre & Post-shipment Finance and Protection against Buyer Bankruptcy
Awareness Seminar on Export Finance Solutions in association with Export Promotion Council for Handicrafts
Awareness Seminar on Export Finance Solutions in association with Export Promotion Council for Handicrafts
Date : May 31, 2022
Organizer: Credlix
About the Event: Mr. Mayur Totla, Director, Credlix shared his perspective at awareness seminar on Export Finance Solutions which was done in association with Export Promotion Council for Handicrafts (EPCH India) on 31st May in Jodhpur where our Credlix team interacted with the handicraft and furniture exporters on their Pre & Post-shipment Finance and Protection against Buyer Bankruptcy.
What Does the 500 GW CAPEX Opportunity in Solar Energy Mean for EPC Companies?
What Does the 500 GW CAPEX Opportunity in Solar Energy Mean for EPC Companies?
Here’s the big bang news from India’s solar energy sector. In February 2022, India surpassed 50 GW of total installed solar capacity. What does this imply for EPC companies with interests in solar energy?
The Opportunity Size for EPC Companies in India’s Solar Energy Landscape
India has set an ambitious goal of producing 500 GW of renewable energy by 2030. Out of the targeted 500 GW of renewable energy, about 300 GW will be supplied by utilizing India’s immense solar energy potential.
The road to achieving over 300 GW of installed solar capacity represents a steep curve. Whatever challenges waylay India from achieving its solar power goals can be overcome with a concerted push by a superior collaboration between the government, EPC companies, OEMs, and suppliers.
How Do We Locate the Coordinates of Value in India’s Solar Energy Value Chain?
Out of the 50 GW solar capacity in India, over 42 GW stems from photovoltaic (PV) systems mounted on land, whereas around 6.48 GW comes from roof-top solar, and 1.48 GW is generated from off-grid solar PV. Ground-mounted PV systems are investment intensive and strain the company’s capital expenditure capabilities to expand its solar energy operations.
Modules, Share in Solar Energy Project Costs: 70%
Modules comprise the most significant cost component of about 70% of solar energy projects. India still imports 80-90% of its solar components.
Going with India’s Aatmanirbhar policies, the Union Budget FY23 has allocated an additional INR 19,500 crore to the Production Linked Incentive (program) to enhance India’s PV manufacturing heft. India’s production-linked incentive push to the solar industry has meant that Indian solar modules manufacturers are fast bridging the gap.
Modular Mounting Structures, Share in Solar Energy Project Costs: 10%
MMS accounts for 10% of the solar energy project costs. Modular Mounting Structures (MMS) are the supporting structures for the modules. Without these Modular Mounting Structures supporting the modules, the solar energy plant will fail miserably, considering that the modules need to be aligned at the right angle to catch the maximum possible solar irradiation.
The highest potential installation of the modules is a mark of competency of the EPC company. A strategic sourcing partner with broad experience in cultivating and consolidating a supplier base can help EPC companies access many suppliers who produce MMS at cost-effective rates without diluting quality benchmarks.
Transformers, Share in Solar Energy Project Costs: 10%
Transformers constitute about 10% of the total costs incurred in a solar energy project. These are specialized equipment manufactured by a select few vendors across the length and breadth of the country.
Sourcing transformers can be a very tricky task requiring coordination and calibration between several players in the pipeline. While procuring, it is necessary to ensure that the vendor’s background is strong enough to withstand a credibility check.
A good vendor can provide a track record of the customers serviced. Moving expensive machinery like transformers is riddled with problems and roadblocks at every turn, and without complete value chain visibility, chances of compromise on quality, delays, and logistical mishaps multiply manifold.
Next is What? Setting New Benchmarks and Bridging Gaps in the Solar Energy Supply Chain
In 2021 alone, India added a record-breaking 10 GW of solar power to its total power capacity. The solar energy capacity addition in 2021 registered a phenomenal rise of 200% over 2020, indicating an immense appetite in entrepreneurs to explore this avenue.
However, enthusiasm will have to be coupled with new-age procurement and supply chain capabilities for a solar energy project to be successful.
How Moglix MaaS Solutions for Solar Energy Projects Can Benefit EPC Companies?
Moglix’s solutions ensure that the supplier base is consolidated, inefficiencies in the logistic chain are weeded out, and the end-to-end digitization of the value chain lends unparalleled clarity to EPC companies. Moglix’s vast experience in this domain can help you navigate the source to site supply chain journey. To know more, click the link here
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