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The Company

Bharat Forge Ltd, a flagship company of the Kalyani Group is the largest forging company in Asia and one of three largest and most technologically advanced commercial forge shops in the world. Bharat Forge manufactures a wide range of forgings and machined components for the automotive, diesel engine, railway, earthmoving, cement, sugar, steel, coal, ship building and oilfield industries, as also general engineering equipment. It has joint ventures with some of the world leaders such as Meritor, Carpenter, Bosch, Lemmerz etc.
 
     
 

The Challenge

Bharat Forge Ltd had three objectives in mind when they embarked on the esourcing initiative : To reduce the overall procurement costs, to reduce the procurement cycle time and to have an exposure to a larger vendor base in terms of new and qualified suppliers.

The Solution

ProBid™ - the Procurement Auction Solution coupled with Consultancy, Market Making Services & Sourcing Intelligence.

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The Success

Using, Probid™ - the Procurement Auction Solution, Bharat Forge was able to achieve all of the objectives set by the company :

  • Good Lot Stratezising resulted in substantial price realization.
  • Introduction of new qualified suppliers for multi sourcing strategy and support.
  • Shorten sourcing cycles by an average of 25% to 30% thus reducing process costs.
 
     
  Our Relationship

Bharat Forge Ltd has signed a contract for an estimated purchasing value of Rs 610 Million. So far online procurement has resulted in significant savings of more than Rs 4.44 Million. In the last six months of 2001, Bharat Forge has had 10 events conducted for categories such as Welding Electrodes, Grinding Wheels, Industrial Oil (Hydraulic), Lubricating Oil, Quenching Oil, Superior Kerosene Oil (SKO) and Furnace Oil.

  
     
   
     
 
 
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