Praj recognised by IIMM for its Supply Chain Management Practices

Praj recognised by IIMM for its Supply Chain Management Practices

Pune, India, 1st August, 2017: Praj Industries, a global process solutions company, has been recognised for its supply chain management (SCM) practices by Indian Institute of Materials Management (IIMM). Praj has been awarded the “Best Supply Chain Management Practices” in the large manufacturing sector category at the 4th Annual Awards held at Sheraton Grand Pune.

Praj recognised by IIMM for its Supply Chain Management Practices

IIMM is a national apex body representing a wide spectrum of professionals engaged in various facets of Material Management such as planning, sourcing, logistics & supply chain management. It has a network of 51 branches and 19 chapters and IIMM Pune is the oldest branch established way back in 1966. IIMM Pune started First Logistics and Supply Chain Management Awards in 2014 and these awards have gained widespread acceptability in India Inc.

The 4th Annual Award recognizes an organisation that has demonstrated superior commitment, innovative strategic leadership and significant supply chain management/logistics contributions within the industry. It had esteemed jury comprising industry stalwarts and they unanimously selected Praj for implementing effective supply chain management using powerful SCM solutions.

Speaking on this development, Mr Pramod Chaudhari, Executive Chairman of Praj Industries said, “Innovation is the backbone of Praj’s operation, be it 2nd Generation Ethanol technology or processes including supply chain management. It is in the DNA of Praj to challenge ourselves and come up with newer ways of conducting business, and achieving better efficiencies in a competitive environment. Praj is happy to be recognised by the National Apex Body of Material Management for our practices in supply chain management. In the scheme of manufacturing, and especially in the case of Praj, supply chain management plays a pivotal role. In fact, it would only be fair to say that it plays a ‘strategic business’ role and that’s why SCM is being discussed in board meetings too”.

Praj has been focussing on real time monitoring of savings by implementing various techniques such as partnering with the suppliers, pivoting alternate suppliers and smart logistics initiatives. The company also applies various innovative strategies for international sourcing such as Best Cost Countries for various commodities, leveraging embassies and trade bodies, sourcing through trade bodies and establishing Tri-party agreement ‘We win together (Three handshake)’ for leveraging geographic advantage. Under the green partner program, Praj has retained BSI to do audit training and certification of partners for green SCM initiative.

Mr. K.R. Nair, Chairman of IIMM said, “This year we received overwhelming response from companies by way of participated in the 4th edition of IIMM awards and competition was rather tough. We congratulate Praj for its innovative practices in supply chain management, which I am sure will inspire fellow members of IIMM and also other organizations especially from SME sector.”

About Praj Industries Limited:
Praj is a global process solutions company driven by innovation and integration capabilities, offers solutions to add significant value to Bio-ethanol facilities, Brewery plants, Water & Wastewater treatment systems, Critical Process Equipment & Systems, Hipurity solutions and Bio-products. Over the past three decades, Praj has focused on Environment, Energy and Agri process led applications. Praj has been a trusted partner for process engineering, plant & critical equipment and systems with over 750 references across five continents. Solutions offered by Praj are backed by its state of the art R&D Center called Praj Matrix. Led by an accomplished and caring leadership, Praj is a socially responsible corporate citizen. Praj is listed on the Bombay and National Stock Exchanges of India.