Resource optimisation has always been IOLCP’s key focus area
O
rganisational background
In today’s technology-driven world, by standardising resource management processes, companies can improve visibility and control, which in turn can lead to significant benefits for their business. As companies manage a network of projects, they must be able to allocate the resources available in the most efficient way possible, always bearing in mind that they have to achieve the final goal- optimised service levels and enhanced customer satisfaction. Bhupendra Kumar, Head– Logistics, IOL Chemicals & Pharmaceuticals (IOLCP) informs Upamanyu Borah, about the tools and techniques they adopt for resource optimisation which are strictly linked to the systemic vision of their company so as to achieve desired results within a set timeframe.
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september 2020
Established in 1986, IOLCP is India’s leading generic pharmaceutical company and a major manufacturer in the speciality organic chemical space. The company has a wide presence across various therapeutic categories like pain management, anti-diabetic, anti-hypertensive, anti-convulsants, etc. Its products also cater to key industrial sectors- flexible packaging, paint and lamination, ink, pesticides, etc. IOLCP’s success is built on the strong pillars of innovation, quality, and dedicated customer service. By incorporating these and other business strengths, the company has boosted its capabilities to maintain the leading edge in the industry and earn the loyalty of customers by responding to their diverse requirements. IOLCP’s production capabilities are nurtured by pursuing and implementing high standards of excellence. The company’s operations are in compliance with US & EUFDA standards and follows good manufacturing practices at its manufacturing facilities. Efficient teamwork and strong associations have guided IOLCP to new heights of success. The company has earned the admiration of industry stakeholders, and accolades for its environmental policies have come from the highest levels of authority. The company has been consistently acknowledged and conferred National Energy Conservation Award (Drug/ Pharma/Chemical sector) multiple times by India’s Ministry of Power.
Best practices for optimising SCM
Building efficiency is the key mantra to benefit operations in the longer term. Right processes, practices and tools can help in achieving the goal of supply chain management.
Organisations should strongly focus on the below parameters in order to succeed: Setting up a team of experienced supply chain professionals to lead Structured staffing of experienced people with interpersonal skills Right technology to improve and streamline processes Total cost approach instead of the product price Healthy supplier collaboration Inventory optimisation Regular review and verification Implementing new process trainings Assessing and addressing social responsibilities
Alignment of demand and supply planning according to market trends analysis helps in real-time decision making and service optimisation. Task management techniques
As a part of a growing economy, resource optimisation has always been IOLCP’s key focus area and results are achieved by following: Focus on technology and database creation– guide to research, review and follow up Real-time tracking and control over processes for smooth operations and more visibility Value-based services provider collaboration Infrastructure and optimisation by restructuring the supply chain model Risk and security management
Project management and coordination
Proper planning and integrated approach to the supply chain ensures smooth coordination. The integration of the logistics model with a company’s
