In most manufacturing companies especially Medium & Large Sized Companies Sourcing of Direct & Indirect Products and Vendor Management is a very complex and critical exercise and consumes quality time from the Sourcing Professionals.
Integrated Procurement Services For Indirect Materials
In most manufacturing companies especially Medium & Large Sized Companies Sourcing of Direct & Indirect Products and Vendor Management is a very complex and critical exercise and consumes quality time from the Sourcing Professionals.
The Urgent need for Digital Transformation of MSME Sector
One of the major takeaway from the Covid Situation is India has a chance to become the alternate manufacturing destination for the World. A Refocused and Rebooted MakeInIndia Program can help create new Product developments, build new Manufacturing/Processing capabilities, develop supporting infra-structure and can help India become a viable alternative to China.
MakeInIndia - Manufacturing ESD/Anti Static Products
Career Opportunities in the Field of Civil Engineering
With the impacts from Corona there are many possibilities for people in
various disciplines to lose their current jobs or not being to find a job or
being forced to take an indefinite furlough. With the help of a Senior colleague and friend who
is an Experienced Civil Engineer I have compiled few areas of Opportunities for
People who have completed their Civil Engineering program or related field of
Study.
I am excluding the obvious ones of a Campus Recruitment or Direct
recruitment from Colleges or Technical Institutes. I have categorized the various
areas to similar buckets for easier understanding. Please note this is not an
exhaustive list – I am only listing some of the key areas that can help the thinking
process.
Areas related to Construction/Maintenance Aspects
- Becoming
an Independent Builder
- Becoming
a Main Contractor or Sub-Contractor for Government projects or Private
Projects or for other Large Construction Companies or Infra Structural
Development Companies
- Setting
up Property Management Company offering Property Inspection Services,
Construction Stage Inspection, Property Due Diligence Services.
- Home
Renovation Services Company offering Renovation services or upgrade
of current Facilities or Building
- Maintenance
Services Company offering Total End to End Maintenance Services especially
for Multi-Storeyed Buildings & Large Communities
- Setting up a Facilities Management Company and offering services for Large Corporates or Industrial Parks in the areas of Facilities Management & Facilities Maintenance
Advisory Services, Consulting
and Allied Services
- Becoming
a Registered Valuer for Land & Building Assets
- Become
a Certifying Authority under Local Planning Authority Bodies such as
Registered Construction Engineer (RCE) , Registered Quality Auditor (RQA),
Registered Architect (RA) , Registered Engineer (RE) or Registered
Construction Management Agency (RCMA) , Registered Quality Audit Agency (
RQAA ), Registered Geo-technical Agency ( RGA ) etc.
- Becoming
a Competent person for Stability Certification under Inspector of
Factories (Director of Industrial Safety & Health )
- Becoming
a Competent person and become a Factory Inspector under Inspector of
Factories (Director of Industrial Safety & Health )
- Becoming
a Competent person for Stability certification of Public Buildings
(Collector’s Panel of Engineers)
- Becoming
a Chartered Engineer with Institute of Engineers or Engineering Council of
India to certify the capability of Government executed projects or
Certifying Cost Abstracts for Government Tenders
- Becoming
a Consultant in the Areas of Structural Design, Structural Strength Analysis
- Becoming
a Consultant for Safety in respect of Large Construction Works employing 120
people
- Setting up a Surveying Company offering Surveying Services for Private and Government Institutions and offering special services like Drone Based Surveying, Computerized Mapping Services or Map Geo Location Updation Services
- Becoming a Design Consultant and offering Drawing Conversion and Digitizing Old Paper Blueprints to Computerized Drawings for Government & Large Corporates
- Setting
up Building Stability Testing Lab / Soil Testing Lab / Water Testing Labs
- Becoming
a Consultant for Non-Destructive Testing of Civil & Structural Works
- Becoming
a Consultant for Effective Water Management Practices, Waste Disposal Practices,
Water Recycling Methods & Water Treatment Methods.
These are some areas which
can help people to find opportunities. Civil Engineering is an evergreen field
and the opportunities are immense. In India we are just completing the first
generation in terms of Building Useful Life ( 60 years ) and Industries have grown only in
the last 20 years. We are a very young nation and the demands and needs of
people are only growing with respect to Homes and Offices and Factories.
Post Corona Startup - Safety Measures to follow for MSME's
So after 6 weeks of Lockdown for most of the MSME's ( Micro Small & Medium Enterprises ), the lockdown has been gradually released in few pockets with various restrictions and relaxations. This is a welcome move to begin with but at the same time knowing our lack of awareness or priority for Personal Safety & Safety of people around us this move can easily backfire because of few people's irresponsible behaviors.
Entreprenuership is rarely a Linear path
The above picture about Entrepreneurship is one of the best pictures about the journey of running a Business Venture. It is never a straight line,always filled with challenges, peaks, valleys, mountains to cross, calm rivers, rough seas , regulatory issues, cash flow crunches, employee challenges. I can keep on adding to the list.
MakeInIndia - Support Needed from Government for MSME's
The MakeInIndia pitch has been around for sometime and it has worked great to a larger extent with high value items and larger Manufacturers. Over the past 15 years we have newly managed to setup a fairly large and widespread Ecosystem for Mobile Phone Manufacturing Units, SMD Service Centers, additional Investments in Automotive Manufacturing etc.
Make in India vs Make in China
If you have been closely monitoring the recent COVID-19 Situation going around the world and its unimagined impacts to human life, healthcare system, businesses, Country economy, political leaders etc it brings out clearly one aspect –most countries in the World are very much dependent on China for their products & supplies.
Asset Valuation as a Full Time Career Opportunity
Introduction to Valuation
Valuation is the process
of determining the present value (PV) of an asset. Valuations can be done on
assets (for example, investments in marketable securities such as stocks,
options, business enterprises, fixed assets
or intangible assets such as patents and trademarks) or on liabilities
(e.g., bonds issued by a company). Valuations are needed for many reasons such
as investment analysis, capital budgeting, merger and acquisition transactions,
financial reporting, secured lending, collateral security, taxable events to
determine the proper tax liability, and in litigation etc.
Can Slowdown be an opportunity for MSME Sectors
Slowdown can be an opportunity !! Since I ventured into entrepreneurship
I have been part of one recession in 2012 and probably looking at
another one in 2019-20 with the overall Global Scenario and now with the Corona Virus Impacts it is gonna further delayed. The Earlier looming Global recession was said to get better in 1-2 years but now with the COVID-19 impacts no one has a exact idea of how bad the impacts or how long it would take to recover.but regardless there is not much I can do
about but improve my current setup and look for alternate options to
stay afloat and swing back when the tide turns around. Here are some
ideas that I intend to do.
Importance of Sales & Operations Planning Process ( S&OP)
Sales & Operations Planning Process - S&OP is a process that shares information and brings people together in a structured, single plan that is defined across the functional departments. People often confuse S&OP with complex, expensive software tools, but the process comes first, not the system. If you haven’t thought out your process properly, then even the most expensive software in the world won’t save you. SOP Process is applicable to both Manufacturers and Large Retailers or Wholesalers.
B2B Ecommerce - Savings & Gains for Distributors & Manufacturers
As B2B Ecommerce continues to grow many traditional businesses and vendors are now adopting B2B Ecommerce as a mainstream part of their current operations. This is mainly driven by the fact that B2B buyers are demanding a better experience in their professional lives which is coming from their experiences as consumers purchasing from omni-channel retailers. Based on a study last year 75% of B2B buyers surveyed stated that they would buy again from a supplier with an easy-to-use website.
Pointers & Tips for starting your Own Venture/Business
Are you thinking about venturing into Entrepreneurship and start your own Business Venture, here is preliminary list of questions which one needs to answer and get clarified.
Problems faced by MSME in India
I currently run two businesses which are MSME Registered and providing Goods & Services to Engineering & Manufacturing Industry. Based on the current definition of MSME we fall under Micro & Small of the MSME. Our customers are typically Larger Corporates, Multi Nationals, Banks, Public Sector Companies & Medium Sized MSMES.
B2B Ecommerce in India - An Overview
B2B Ecommerce is a very exciting topic and has immense potential in changing how Business Procurement Functions today . I would be sharing more on the B2B Ecommerce space in the next few posts. In this article I want to quickly talk about the current Market in India , estimated Market Size for B2B Ecommerce and some sub segments of B2B Ecommerce and some of the key players in the Market.
GST in India – Viewpoint of a MSME
GST in India – a discussion which had been in the works for almost 10 years finally went live on July 1, 2017. Since then there are a lot of complaints around and lot of defending points as well. In this post I wanted to jot down my real life experience with GST as an MSME who deals with products & services both to the Organized Sector, Unorganized Sector & Consumer as well.
Differentiation in Commodity Product Sales Business
Important Things to Plan during early phase of Entreprenuerial Journey
When one decides to get into Entreprenuership there are so many unknowns that entreprenuer is exposed to and has to deal with. What was planned and what one actually experiences is totally different. This post gives a quick snapshot of the things that are really important during the early stages of entreprenuership.
Learning the Art of Sales as an Entreprenuer
When a person decides to venture into Entrepreneurship it is very important to understand the aspect of Sales and Business Development. Not everyone who ventures into Entrepreneurship has a Sales Work experience – but is it critically to learn & understand the of art of bringing new orders and able to sell the product/service that you had concept.
Phase 2 of my Entreprenuerial Journey
Its roughly around 5 years since I decided to move away from Full Time Employment and focus on building my own enterprise. When I first set out I gave myself 5 years’ time to see how things are proceeding and is it possible to stay afloat and gain traction for the long run. Phase 1 was my first three years of Entrepreneurial Journey and I wrote down my experiences and learnings during Phase 1 in 2016 – Phase 2 Marks completion of 5 years and mostly covers the learning & experiences from years 4 & 5.
