The Materials Management (MM) Division of Bokaro Steel Plant has scaled new heights in FY 2020-21 due to spirited performance by its Purchase, Stores and Marketing wings which also fetched all time highest revenue for the plant, besides generating valuable savings under the leadership of DIC Amarendu Prakash.
During FY 2020-21, the MM division embarked upon a major drive towards transparency in its processes. Notably, all the purchases worth Rs. 1865 Crores were done on e-procurement mode. To expedite the process, a decision was taken to switch to paperless mode for all procurements valuing upto Rs. 7 Lakh. Purchase Cost reduction of approx. Rs. 137 Crores was also achieved in 2020-21 through Reverse Auction and Negotiations.
A special task force was also set-up by MM division to ensure timely supply of all the materials required to combat COVID-19. Recently, an MoU was inked with M/s RITES for pre-dispatch inspection of materials being procured through MM division which immensely benefit both the suppliers and BSL.
The Stores department of MM division undertook a massive cleaning and housekeeping drive, resulting in earnings to the tune of approximately Rs. 11 Crores through sales of various unaccounted items like Rolls, Plates & Sheets. Through better control over distribution and support from the Traffic department, reduction of 7.5 Lakh litres of consumption of diesel was achieved, thereby saving Rs. 6 crores for the company. In addition to above efforts, Stores department had put on exhibition of non-moving inventories, resulting in reduction of a whopping Rs 16 crores worth of inventory.
Sharing information BSL COC Manikant Dhan said 2020-21 also proved to be a landmark year for BSL-Marketing department. It achieved record sales of more than Rs. 1500 Crores against previous best of Rs 996 Crores in 2018-19. This resulted in the highest ever annual cash collection of Rs. 1316 Crores for BSL through sale of scraps, wastes and by-products by the Marketing department.