3 Reasons Why Every Multiplant Manufacturing Business Needs a Packaging Audit

3 Reasons Why Every Multiplant Manufacturing Business Needs a Packaging Audit

3 Reasons Why Every Multiplant Manufacturing Business Needs a Packaging Audit

If you are a manufacturer, your packaging supply chain manager is likely to list three significant packaging challenges.

  1. How do I reduce packaging costs? 
  2. How do I identify and reduce the in-transit losses of my goods?
  3. How do I put my enterprise on track for continuous improvement? 

If you face any or all of the above challenges, you are looking for a robust and periodic packaging audit program with the following benefits for your enterprise.

Explore the Cost Advantage of a Lean Supply Chain for Packaging

Optimizing the packaging inventory is a significant challenge. Holding high inventories of packaging SKUs can block your enterprise’s working capital. On the other hand, an inventory stock-out can directly affect your distribution and reduce revenue through lost sales. A packaging audit can enable you to rightsize your packaging inventory, unlock working capital, and reduce indirect costs. You can also explore EOQ levels of inventory by using artificial intelligence-enabled analytics and migrate towards a lean supply chain.

Reduce Wastage and Losses in Transit During the Supply Chain Journey

Pilferage, wear and tear, and spoilage during transit can lead to formidable losses to your enterprise. One way to reduce such wastage and losses is to re-engineer packaging as per the logistics lens. A packaging audit can enable you to map the logistical challenges across multiple modes of transportation and choose packaging solutions that provide the best fit for each stage of your supply chain journey. 

Continuously Improve Through Total Quality Management in Packaging

The COVID19 pandemic has ushered in a new normal. How do you explore new avenues to stay competitive? Class C spend items like packaging cater to less than 10% of the unit costs of end products but are likely to affect more than 10X of the value of your goods if you get it wrong. A packaging audit can help you to discover the most significant opportunities to enable continuous improvement and total quality management in packaging. 

Are you exploring a Packaging Audit for your Manufacturing Plant(s)? Testing and diagnosis are integral to both human and enterprise health. With a packaging audit across your plant locations, you can detect challenges early and adopt remedial measures with agility to reimagine your packaging. 

If you feel that your packaging could be improved but don’t know where to start, please get in touch with us here. You can also learn more about our packaging solutions by clicking here.

NEP 2020 must focus on user experience and design thinking: Sandeep Goel

Remote Working and Digital Preparedness in the Future

NEP 2020 must focus on user experience and design thinking: Sandeep Goel

Sandeep Goel, SVP- Tech, Moglix Business, shares his insights on the need of enabling digital transformation in the New Education Policy (NEP), not only as a learning of the ongoing crises but also to power the future human capital with the required tech skillset.

He emphasizes on how technological progress will continue to be the most significant enabler of economic growth, now and in the future, enforcing for the NEP 2020 to focus on user experience and design thinking, developing a mindset for testing and validating, and be able to develop vertical awareness to enhance the product management skills.

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Moglix CEO on Leadership in 2020 and Beyond

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Rahul Garg, Founder & CEO, Moglix Business talks about the changing times due to the ongoing crises. He emphasizes on the need to create better connectivity amongst teams and stakeholders in this remote world and to reimagine high-performance teams. He also speaks about how we collectively need to question the status quo and unlearn some of the old assumptions, the first step towards learning new developments is to unlearn some of the old.

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Podcast E8: Now and Next in the Infrastructure Sector

Moglix insights on the performance of infrastructure sector during the crises and its future

Podcast E8: Now and Next in the Infrastructure Sector

Abheet Dwivedi, DIrector- Strategic Partnerships

Abheet Dwivedi

Strategic Partnerships
In the 8th episode of Moglix Talks titled “Now and Next in the Infrastructure & Construction Sector”, we have Abheet Dwivedi, DIrector- Strategic Partnerships to share his insights on the Infrastructure and Construction Sector. He discusses the effect of the ongoing crises on the sector , challenges the industry is facing, what are some of the public and private initiatives being taken for the recovery of the sector, and what its future looks like.

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Ratan Tata-backed Moglix Expands Operations in the UK, Europe

Ratan Tata-backed Moglix Expands Operations in the UK, Europe

At a time when the world is grappling with a dire lack of coronavirus-related supplies, B2B eCommerce startup Moglix Business expanded its service offerings in the United Kingdom and set up operations in Europe. Having been present in the UK since November 2019, it always had a plan for global expansion for its maintenance, repair and operations (MRO), and SaaS businesses in the UK and Europe.

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Reshaping The Future of Logistics Through Technology: Sandeep Goel

Remote Working and Digital Preparedness in the Future

Reshaping The Future of Logistics Through Technology: Sandeep Goel

Sandeep Goel, SVP- Tech, Moglix Business discusses how diverse stakeholders in the logistics ecosystem are facing the challenge of staying connected to the real economy while working remotely. While traditional metrics of cost, quality, and turnaround time continue to be in focus, supply chain security has emerged as one of the key concerns.

Four months into the COVID19 pandemic, the new contours defining the technology enablement of logistics are beginning to emerge. Enterprises are reimagining the future of logistics and zeroing down the gaps in their supply chain by pooling resources and people in their logistics networks, here is where technology will play a role in reshaping the future of logistics by enabling the integration of the core sectors in the real economy with digital platforms.

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Start-ups play a huge role in boosting economic growth

The role start-ups play in boosting economic growth_moglix founder

Start-ups play a huge role in boosting economic growth

What role do start-ups play in boosting economic growth? The start-up India campaign has enabled the creation of a holistic ecosystem like large manufacturing enterprises, on the same platform, empower each of these stakeholder groups especially start-up units with the necessary resources and explore new opportunities in partner for business development.

In fact, since the Start-up India initiative was launched in 2016, it has supported the creation of 5,60,000 jobs – both direct and indirect,” observes Rahul Garg, Founder & CEO, Moglix (a B2B industrial procurement platform where Rata Tata has also invested in his personal capacity).

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The Evolving Role of HR in 2020

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The Evolving Role of HR in 2020

In the wake of the pandemic, the human resources function has faced numerous challenges in keeping the workforce up and running as an economic and social organization. In the last few months, the HR team in organizations have had to create the messaging to ensure social distancing and the need to stay protected within the four walls of our homes. These challenges have exposed the limitations of the brick and mortar workplace and an offline workflow that many of us have continued to carry as a piece of historical baggage. The pandemic has also put the spotlight squarely on the human resources function to reimagine how people collaborate and stay connected now and in the future.

In the ensuing phase of the COVID19 pandemic, human resources have transformed in the following ways:

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Moglix appoints Amandeep Singh Bhan as Senior VP

Moglix appoints Amandeep Singh Bhan as Senior VP

Moglix, B2B e-commerce, and supply chain company has recently announced Amandeep Singh Bhan as the Senior Vice President- Strategic Partnerships. As one of the key members of the management team, Amandeep will lead institutional sales, business development, and key account management across all verticals in the enterprise segment in India. and overseas.

With over 18 years of leadership experience and expertise in driving business development and enterprise sales, Amandeep brings proven capabilities to Moglix in forging strategic partnerships and leading high-impact engagements in multiple geographies across the globe. He is an alumnus of the Indian Institute of Management, Bangalore. Amandeep is an engineer having graduated from VJTI, Mumbai. During the span of his career, Amandeep has held leadership positions across industry-leading corporations including Ezetap and SAP India. During his stint with Ezetap, he was leading enterprise sales, bank alliances, and retail business. At SAP India, he held leadership positions in Database and Technology Solutions and Account Management.