Sustainability in Procurement

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Gurunath Ramesh spoke on Sustainability in Procurement. His talk covered Sustainability Best Practices for Sourcing, Implementation Strategies of Global Procurement Organizations, Challenges and Opportunities in adopting Green Practice

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Best Practices in demand driven contract packaging – Peak Vs Weak seasons The outsourcing of packaging operations is an area which has witnessed significant growth in the recent years. Companies in a range of industries see value in the practice, particularly with regard to increasing flexibility, reducing costs and risks. Meeting peak season (Christmas, major sports events/festivals) demand while maintaining margins has become a huge challenge for Consumer Packaged Goods (CPG) and Food, Beverage and Tobacco (FBT) companies. Watch Beroe’s packaging experts, Ishpreet Virdi and Abhiraj Munnangi, as they discuss best practices followed across the CPG and FBT industry to meet peak season demand spurts and the evolution of contract packaging services in emerging markets. About the speaker: Munnangi Abhiraj - Munnangi Abhiraj is a packaging expert at Beroe Inc. He specializes in providing Rigid and Flexible packaging formats related procurement intelligence to Fortune500 companies. In his 2 years at Beroe, Abhiraj has built extensive knowledge and expertise in categories including Rigid and flexible packaging in the end use markets such as pharmaceuticals and Consumer packaged goods among others. He has written and published several thought leadership papers in leading global Packaging Magazines. Some of the topics he has covered in his papers include “Parenteral Packaging: Raw Material Substitution and Procurement Impact” and “Regulatory Panorama and Regional Acceptance of CR Formats of Packaging”. Ishpreet Virdi - Ishpreet Virdi is a packaging expert at Beroe Inc. She specializes in providing Flexible packaging formats related procurement intelligence to Fortune500 companies. In her 2 years at Beroe, Ishpreet has built extensive knowledge and expertise in categories including pouches, sachets, bags and laminates among others. She has written and published several thought leadership papers in leading global Packaging Magazines. Some of the topics she has covered in her papers include “Stripping complexities with Strip, Stick and Blister Packs” and “Flexible Packaging – The Game Changer for CPG Companies”.

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Sustainable mining through usage of electric vehicles in underground mines Usage of diesel vehicles in underground mines emits toxic diesel fumes that affect the environment to a considerable extent. An increasing degree of stringency in the proposed environmental emission standards in the recent years especially in the developed economies demands usage of eco-friendly machinery and equipment in mining. Watch Beroe’s Mining Expert, Sabarish Vaishnav A, as he talks about the feasibility of replacing diesel equipment by electrically driven mine equipment. Sabarish has also captured the impact of using electrically driven mine equipment on a miner’s value chain highlighting cost benefits incurred. About the speaker: Sabarish Vaishnav - Sabarish Vaishnav is a mining expert at Beroe Inc. He specializes in providing Mining Operations related procurement intelligence to Fortune500 companies. In his 2 years at Beroe, Sabarish has built extensive knowledge and expertise in Mine Production Consumables category. He has written and published several thought leadership papers in leading global Mining Magazines. Some of the topics he has covered in his papers include “Resource Nationalism – Impact on mining companies” and “Adoption of Electric vehicles in underground mines – A green approach towards sustainable mining”.

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The secondary market research challenge in Pharma - An inside view on how to overcome the perceived market monopoly Data, Analytics and Consulting services are an integral part of a pharmaceutical company’s pre and post drug launch activities. These organizations spend anywhere between USD 30 million to USD 50 million on a single service provider while sourcing various secondary market research services. These services provide them with indispensable insights about patients, payers, prescribers, drug positioning and so much more. However, the number of global service providers in the market has not grown in tandem with the increasing demand for quality pharmaceutical data, analytics and consulting. This, in turn, has resulted in not only the lack of choice of service providers at a global scale, but also single supplier dominance in the secondary market research space. Watch Beroe’s Senior Research Analysts, Angad Singh as he shares insights on how to negate the stiff challenges that pharmaceutical organizations face in order to effectively source secondary pharmaceutical market research. About the speaker: Angad Singh - Angad Singh is a Marketing Services - Mass Communications expert at Beroe Inc. He specializes in providing primary & secondary market research related procurement intelligence to Fortune500 companies and identifying key trends with respect to several end-use industries of primary & secondary market research. In his 3 years at Beroe, Angad has built extensive knowledge and expertise in categories including printing and fulfilment, market research, in-store promotions and merchandizing. He has written and published several thought leadership papers. Some of the topics he has covered in his papers include “The secondary market research challenge in pharma - An inside view” and “Market Research - Emerging Markets and The Never Ending Role of Technology”.

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Conventionally, large titanium dioxide (TiO2) volume buyers fail to realize the difference between potential cost savings and their actual cost savings. Another prevalent scenario is faced when TiO2 buyers often hear suppliers state “Production costs, especially raw material costs for titanium dioxide have risen considerably and hence prices need to be revised upwards”. Due to buyer’s lack of knowledge on detailed costing aspects, negotiation with TiO2 suppliers during procurement becomes increasingly difficult. Low negotiation power and inability to pass on increased costs to their customer results in heightened cost pressure and squeezed profit margins for the TiO2 buyers. Watch Beroe’s Industrial Pigment expert, Vaishnavi Jayaraman to gain insights on costing and profitability aspects of TiO2. In this webinar Vaishnavi has focused on regional re-allocation of procurement practice, to solve the problem of bridging the existent gap between potential and actual savings. To know more about Beroe's Procurement intelligence expertise, Please contact us at info@beroe-inc.com

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Outsourcing production of mold/patterns and tools for manufacturing of MRO parts significantly contributes to the overall cost of production. This cost indirectly increases the price for the buyers of these parts. However, adoption of technologies like 3D Printing would help suppliers to reduce the production cost of molds, without compromising on quality of the end product. The end users / buyers can also backward integrate through in-house mold making and rapid prototyping using this technology. At the end of the Slideshow, we have the Webinar video where Beroe’s MRO expert, Abhijeet Choudhari, discuss the potential benefits of adopting 3-D printing in complementing the existing manufacturing methods like Injection molding and its possible impact on MRO supply chain in the future. To know more about Beroe's Procurement intelligence expertise contact us at info@beroe-inc.com

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The coconut tree has many versatile applications derived out of its various parts. Major end products derived from the coconut tree are coconut oil, desiccated coconut, coconut milk, and coir. Currently, there is insignificant growth in the end-use segments for coconut products such as coconut water and virgin coconut oil. Nonetheless, the focus is primarily with respect to coconut water which has currently gained popularity due to its potential health benefits and as a best possible energy drink replacement.

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The economic downturn was viewed by the Chinese as an opportunity to expand investment and access to natural resources. As economic recovery continues to happen in developed nations, Western nations would also look to expand their natural resources. The thirst for resource acquisition could result in either co-operation or resentment among nations. However, this would play a major role in shaping up a relation between nations in the future.

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Global pharmaceutical companies are modeled with a supply chain, which ensures that the right drug reaches the right people at the right time and in the right condition. The supply chain also ensures 100% product availability at optimum cost by carrying huge inventory, which maintains 100% fill rate. Manufacturers are trying to cut down development time to save costs. For example, a drug manufacturer who can trim development time by 19% can save up to USD 100 million. But if a drug is getting delayed to reach the market, the time delay costs the company around USD 1 million a day. So, pharmaceutical companies today are designing the supply chain to be as responsive as possible to reduce entry time to the market thereby increasing profit margins.

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