SIEMA event
SIEMA event
Date : May 18, 2022
Organizer: Southern India Engineering Manufacturers’ Association (SIEMA)
About the Event: Credlix participated at Southern India Engineering Manufacturers’ Association’s (SIEMA) event which happened on 18th May, 2022 at Coimbatore where we discussed about pre & post shipment finance under Credlix.
Paperex 2022
Paperex 2022
Date : May 10, 2022
Organizer: Hyve Event
About the Event: At the recently concluded PAPEREX, one of the largest paper exhibitions in the country, Moglix Packaging was showcased through its various products like paper bags, paper tubs, bagasse trays, corrugated boxes, compostable bags, paper tapes POSS, and the likes.
ACMA India (Western Region) 2nd Digital Summit
ACMA India (Western Region) 2nd Digital Summit
Date : May 6, 2022
Organizer: The Automotive Component Manufacturers Association of India (ACMA)
About the Event: Mr. Anshul Khandelwal, Director, Moglix recently shared his perspective on ‘Impact of Digital Technology across Business’ at the ACMA India (Western Region) 2nd Digital Summit.
While laying emphasis on digital transformation enabled through Moglix, he went on to add:
“Long tail of vendors are almost always neglected on their digital transformation journey. We at Moglix help our customers consolidate their long tail suppliers & digitize their entire indirect procurement process.”
Global Unicorn Summit
Global Unicorn Summit
Date : April 28, 2022
Organizer: CII
About the Event: Mr. Rahul Garg, Founder & CEO, Moglix recently shared his perspective on ‘Building Global Products & Services’ at CII Global Unicorn Summit. While laying emphasis on taking the B2B path towards building a business, he went on to add: ‘’When we built the operating system for both procurement & sales through our platform – it does require a different type of mindset along with the knowledge of adapting & building your organization with cultural nuances.” The panel comprised of Mr. Bhavin Pandya (CEO, Games24x7) and Mohit Dubey (Co-Founder & CEO, Chalo) and was moderated by Mr Vikas Agnihotri (Softbank Investment Advisers).
53rd Inflection Supply chain awards
53rd Inflection Supply chain awards
Date : April 21, 2022
Organizer: Alden Group
About the Event: Puneet Kumar, VP-Technology, Moglix spoke on ‘Digital First Procurement’ at the 53rd Inflection Supply Chain awards.
Propel Pitchfest 22
Propel Pitchfest 22
Date : April 20, 2022
Organizer: BML Munjal University
About the Event: Mr. Rahul Garg, Founder & CEO, Moglix recently shared his perspective on ‘Innovation and Startup’ at BML Munjal University’s Propel Pitchfest22. While laying emphasis on the need to innovate onself, he went on to add: ”World and technology is going to change around you so don’t think that something that you have done for 10 years is now your life or career path. You can keep on experimenting.” The discussion was facilitated by Prof. Davinder Singh, CEO, ACIC-BMU Foundation.
Global Stainless Steel Expo
Global Stainless Steel Expo
Date : April 14, 2022
Organizer: GSSE
About the Event: Mr. Mohit Gulyani, Senior Director, Moglix sharing his perspective on ‘The Role of Digital in Enabling Business Transformation for MSMEs’ at the Global Stainless Steel Expo. While laying emphasis on the role of the MSME business, he went on to add, ”In our ambition to grow into a 5 trillion-dollar economy, digitization of India’s MSME sector will play a pivotal role. Moglix is digitizing India’s manufacturing MSMEs in procuring, efficiently manufacturing, selling, and financing their products.” The panel also comprises of – Mr. Akash Gupta (Head Business Development, Udaan Capital), Mr. Narendra Kamath (Group Business Head, Supply Chain and Asset Finance, Tata Group) and will be moderated by Mr. Jitendra Agarwal (Founder and CEO, Stainless Bazaar).
Moglix Announces Executive Elevations, Strengthens Leadership As It Enters Next Phase Of Growth
Moglix Announces Executive Elevations, Strengthens Leadership As It Enters Next Phase Of Growth
One of Asia’s largest B2B Commerce companies, Moglix, has elevated three of its senior leaders: Mukund Vasudevan, Partha S. Dash, and Sandeep Goel as the new Managing Directors of the company. The announcement comes as a boost to Moglix’s senior leadership as it is poised for global expansion and growth.
“Moglix is in an exciting phase of growth as we expand our operations globally and deepen our expertise, reach, and impact. It’s great to have three very strong leaders play a larger role in fulfilling our vision of creating tremendous value for the customer as we scale. They are not only experienced, but extremely passionate leaders and their leadership is sure to steer us continuously in the right direction.”
Rahul Garg, Founder & CEO, Moglix added
Mukund Vasudevan joined Moglix in July 2021 to lead strategic partnerships and will now be leading the Enterprise Solutions business vertical, working with our enterprise customers to transform their supply chain.
Partha S. Dash joined Moglix in 2015 and has been a part of the seed to scale journey for the MRO and Packaging verticals. Going forward, he will focus on growing the new business verticals and geographies.
Sandeep Goel joined Moglix in 2018 to lead product strategy and scale the human capital function, building processes and culture as the organization scaled from 300 to 1400 employees during a global pandemic. In his new role, Sandeep will lead strategy and operations.
With end to end supply chain operations from strategic sourcing to financing, Moglix is a global digital supply chain solutions company
How Rewards and Recognition Can Reap Rich Dividends for Organizations in the New Normal
How Rewards and Recognition Can Reap Rich Dividends for Organizations in the New Normal
It is clear that the future of work is hybrid. If 2021 was dubbed the ‘Year of the Great Resignation.’ 2022 is turning out to be the ‘Year of the Great Return.’ The Randstad Work Monitor Survey of 2021 highlights that 85% of employees expect some form of flexible work arrangement in the post-pandemic world.
As the nature of work changes, so must the measure of employee success and engagement. We must examine how the landscape of expectations has shifted for employees in the past two years.
- Transparency and stability: Transparency creates a positive employer brand and adds credibility to every management decision.
- Performance measurement: We all conduct exit interviews. Maybe it is the right time to prioritize ‘stay interviews.’ Understanding what is working for your best-performing employees is the easiest way to amplify the positive aspects of work.
- Balance in Rewards and Recognition: A recent Glassdoor survey showed that 53% of employees felt they would stay with the company longer if they received more appreciation from their bosses.
- Alignment to organizational purpose: Organizations need to understand that millennials and Gen-Z workforce prioritize culture, values and a strong sense of purpose more than earlier generations.
So how can we create a more impactful rewards and recognition program? Here are some ways :
- De-linking R&R and feedback: Feedback goes a long way in helping individuals and teams course-correct, but encouragement does so much more.
- Balance of rewards: Letters from the CEO, recognition in front of their peers and more frequent recognition are equally important.
- One size doesn’t fit all: Recognizing the efforts of your best-performing employees is vital to the retention and their ability to transform into the next generation of leaders.
- Corporate brand and personal brand: A good manager will help individuals align personal growth and upskilling tracks and groom them for additional responsibilities that take them higher on the corporate ladder.
Gartner research indicates that a well-designed Rewards and Recognition Program can increase average employee performance, productivity and efficiency parameters by 11%.
How Indian CPOs Can Overhaul Procurement: Learning From the Best
How Indian CPOs Can Overhaul Procurement: Learning From the Best
An inefficient supply chain is a symptom that a manufacturer is far from its peak operational strength. It can bleed money, cost time, and labor.
So what’s the remedy for this? CPOs on a procurement overhaul mission can get the best possible results by focusing on five key action points.
- Using Clean Procurement Data
Securing clean procurement data is vital to revamping any procurement process. Unclean procurement data is far from helpful. A CPO’s best bet in this regard is to have access to native first-hand data.
A leading F&B company that runs over 30,000 restaurants in India used procurement data to significant effect. The food supply chain enabler identified order delivery mismatches and then rigorously supervised the metadata to identify patterns of flawed deliveries. A comprehensive strategy was then devised to cut it down.
- Catalog-Based Buying
This involves the procurement of raw materials based on a catalog that serves as the single source of truth for the CPO. The catalog based buying solution is integrated into the ERP system that facilitates the ordering process. After mutual consideration between the supplier and the CPO, the listed prices have been agreed upon.
An EPC company which is a market leader in the infrastructure vertical implemented this. which shortened the time between the PR to PO cycle by 80%.
- Vendor Consolidation
A fragmented list of vendors can be a liability. Complete vertical integration is an ambitious goal to pursue, but not all have the cash flow or bandwidth to do it. In such a scenario, narrowing down the vendors’ list to a few reliable performers is crucial.
One of India’s leading tire manufacturers deployed the vendor consolidation strategy as a cost-saving measure. Procurement overheads were down by 5%, while the total cost of ownership was reduced by 20%.
- Vendor Managed Inventory
This refers to a supplier allowing the manufacturing company to take over its inventory management. If executed precisely, the retailing company can reduce its procurement costs while the supplier company can win terms of elevated sales.
One of India’s premier non-ferrous metal manufacturers reduced its turnaround time by almost 30% by adopting this practice.
- Sharing Data With The Vendor
Sharing procurement data with suppliers can turn out to be a symbiotic arrangement. It can help weed out delays and slippages that affect the manufacturing process.
A robotics firm decided to share procurement data with its supplier to refine its manufacturing process. The result was an impressive scaling up of the manufacturing of ventilators to an expedited 90 days. Consequently, the product was rolled out much before its release date.
CPOs can help script a turnaround by focusing on negligent processes that hamstring operational efficiency. Small yet strategic changes in the supply chain can yield huge dividends.
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