Procurement has become a specialized function in the era of globalization. The changing business environment calls for efficient, responsive and transparent purchase procedures. Today the world class organizations talk about the dedicated suppliers and emphasize on need of an efficient, transparent and effective supply chain management. Besides, value for money, procedures are to be transparent, ensure equity and objectivity.
Essentially, procurement means timely acquisition, purchase & delivery of goods, works and services at the best possible total cost of ownership to the customer.
India spends up-to 20% of its GDP on Public Procurement, with some government departments earmarking as much as 50% of their annual budgets for such expenditure. In the manufacturing sector, the cost of material is sometimes up to 65% - 70% of the product cost and the quality of the finished product is heavily dependent upon the quality of material purchased, hence the impact of the procurement functions on cash flow & profitability is very high.
Public buying procedures and policy instructions are based on the General Financial Rules (GFR) of the Dept. of expenditure, Ministry of Finance, Government of India. The General Financial Rules have been amended in March 2017 and Rule 149 has also been introduced in this regard.
Government e-Marketplace (GeM) is the national portal to make public procurement transparent & simple. Conceived by Government of India, GeM is an end-to-end e-commerce platform for procurement of goods & services by Government organizations.
Sound Public Procurement policies and practices are among the essential elements of Good Governance, significantly impact the economy by generating demand and consumption, promote local industry and improve Small and Micro Enterprises to access to public procurement.
In the above context, with a view to deliberate on the various important issues that will ensure maximum efficiency & economy by procuring from Domastic and International Vendors and to share the best procurement practices, NLCIL is organising a two days seminar from 15.02.2019 to 16.02.2019 on Best Practices and Latest trends in Procurement process.
Major Focus Areas
- Emerging issues and Trends in Public Procurement and International Procurement.
- Management of Public Procurement.
- Challenges in Procurement.
- Frame work of Tendering – Common issues and solution.
- SAP and ERP integration with e-Procurement.
Why in Neyveli:
Neyveli township is in Cuddalore district in the state of Tamil Nadu. It is located 62 KMs inland from Bay of Bengal, west of Pondicherry and 197 KMs south of Chennai. The town was developed in 1956 after the establishment of Neyveli Lignite Corporation, a public sector enterprise.
The artificially created parks and lake in the afforestation areas are the calm places far from the township and forest like atmosphere remains a perfect spot for recreation. You can enjoy a peaceful clean environment in these afforestation areas. Moreover, you can engage yourself in boating and fishing in this artificial lake. The ambient of Neyveli will be cool, calm and with dense green belt over of 18 millions of trees.
Some of the popular places around Neyveli are Pichavaram Mangrove Forest, a pilgrimage centre to worship lord Nataraja at Chidambaram, Sri Aurobindo Ashram,Gangai Konda Cholapuram and a beautiful beach at Pondicherry.