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We are the pioneers of digital supply chain transformation in the infrastructure sector, Says Abheet Dwivedi, Head of Infra, Construction & PSU, Moglix

We are the pioneers of digital supply chain transformation in the infrastructure sector, Says Abheet Dwivedi, Head of Infra, Construction & PSU, Moglix

Moglix helps large EPC companies increase their adoption of a digital supply chain solution to make project management seamless and efficient

On the opportunities from big-ticket projects and tier-II, tier-III transformations

Let’s call 2022 the year of infrastructure. Opportunities in the infrastructure this year and in the long term stem from the vast plethora of mega projects in the National Infrastructure Pipeline. In fact, what the National Infrastructure Pipeline has done is to bridge the gap between tier-I cities and tier-II and tier-III locations across the country. The planned expenditure on the National Infrastructure Pipeline over the next five years stands at USD 1.5 trillion. The 35 per cent CAPEX spending hike is historic. Now with the PM Gati Shakti Master Plan in place, we not only have the financial muscle but also the digital project monitoring framework to address the challenges of time constraints and efficiency leakages through immaculate planning and agile execution. The combination of physical infrastructure creation and digital project management means that the positive spillover effects of this spending will percolate to the last mile across the country.

Role of your platform towards bringing in the desired change for infra space

Large EPC companies in the infrastructure sector that work on turnkey projects face a major pain point in calibrating actual project costs to the estimated project costs. They get orders on a fixed-price model. However, delays in the execution phase lead to fluctuations in sourcing: both costs and availability. The offline approval workflow used for managing the diverse infra supply chain levers such as supplier relationship management, sourcing, quality assurance, compliance, and logistical track and trace is a major contributor to these delays and leads to extra liquidated damage costs to the tune of 12 per cent per annum. This is where technology integration in the infra supply chain space can help.

Moglix helps large EPC companies increase their adoption of a digital supply chain solution to make project management seamless and efficient. For instance, one of India’s largest EPC companies has truncated its purchase cycle time by 80 per cent, reduced its purchase turnaround time by 20 per cent, and increased operational efficiency by 30 per cent. Further, the digital procurement solution offers intuitive insights into hidden pockets of efficiency that have enabled the EPC company to consolidate its supplier base. The combinatorial impact of tech adoption has been a 20 per cent savings on material costs. At Moglix, we have it from our data analytics repository that digital adoption by large EPC companies in India can enable them to save Rs. 20 crore per annum.

Goals set for the year 2022

Moglix’s goal for the year 2022 in the infrastructure sector is to partner with EPC companies that are building India by enabling their supply chain through four levers. These levers include (i) thrust on expansion into core construction material categories, (ii) fostering innovation in new material development, (iii) digital procurement transformation, and (iv) promoting the adoption of sustainable construction materials, processes, and practices.

We are giving a major thrust to expansion into categories like cement, ceramics, and pipes. We are setting up an in-house innovation lab for building materials in association with government EPC companies and CSIR labs to create the necessary momentum in unlocking continuous innovation streams in new building material development. We are the pioneers of digital supply chain transformation in the infrastructure sector and aim to transform procurement for 100 EPC companies. Further, we are matching steps with EPC companies in realizing their sustainability commitments in line with the government’s pragmatic announcements on the COP26 Glasgow Accord. We believe that we have the right execution rigor and supply chain capabilities; both on-ground and digital, to achieve 5X growth through the implementation of this blueprint.

 

 




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