Cement prices may steady in the north
January 5, 2009: Firm cement prices are expected in the north after the Centre restored countervailing duty (CVD) and special CVD on imported cement.
Sourcing KPO
Businesses generally focus on their procurement resources on their most critical buying categories and activities. However, significant savings opportunities exist within non-core categories as well. That's why many businesses are looking to outsource procurement activities for select buying categories or business processes. This is where our Sourcing KPO Services come in:
The Sourcing KPO model addresses three major components:
- Total Spend Management: Spend optimisation in total procure-to-pay process, including sourcing strategy
- Sourcing: Selected category management
- Transaction Processing (Procurement): Transactional requisition to pay processes
Sourcing activities include understanding client organisation's spend history and cycles, spend categories, and devising sourcing strategy. Generally for direct materials RFQ or RFP route is followed as there is no supplier discovery involved and procurement process a yearly contract with the supplier as a fall-out. For indirect materials, where price and supplier discovery plays a very important role, online Reverse Auctions are used.
After Spend Analysis the general process steps followed by BuyJunction are:
- Supply Market Analysis
- RFP Development
- Supplier Evaluation (non-price)
- Price Negotiations/online Reverse Auction bidding event
- Total Cost Analysis & Supplier Selection
Procurement (Transactional Procurement Outsourcing) activity as BuyJunction understands and follows is "Requisition-to-payment" Process or RTP Process as it supports client's entire purchasing functions from purchasing requisition to payment. The Procurement RTP Process covers:
- Online Requisition:
- Online Requisition:
- Approval:
- Online Catalogs/ eCatalogs:
- Purchase Order:
- Online Receiving / eReceiving:
- Online Invoices/ eInvoices:
We are now mjunction
Over the years we have grown in every respect - services, people, reach, infrastructure and revenue. As we continue to grow and add value to the supply chains we serve, we have broadened our horizons beyond the world of steel and metals.
We thus felt that the time was ripe to give ourselves a new name, a new identity to reflect our metamorphosis. So we heralded the new year with a new brand name and logo, and we have become mjunction services limited from metaljunction services limited. Other business units under the mjunction umbrella continue to have identities of their own.
Though our name has changed, and our horizons widened, our values haven't. We will continue to bring greater efficiency, convenience and transparency to even more supply chains in the future with the innovative use of IT and the Internet.
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