The fourth session of the first edition of “ChemConnect 2022”, Logistics and Supply Chain Event, organized by Indian Chemical News (ICN) on September 21, 2022 at The Lalit, Mumbai, is going to witness a highly interactive fireside chat on digitization within procurement departments in the chemical industry.

The fireside chat featuring Sanjay Gupta, Head - Procurement, GHCL and Ashu Garg, Director, Moglix, will be moderated by Pravin Prashant, Editor, Indian Chemical News.

The discussion at the session titled” Process Efficiency & Transparency through Digitization in Procurement" aims to educate the audience about the current trends and way forward. One can register as a delegate by clicking on the link (https://www.indianchemicalnews.com/chem-connect/register ).

Topics to be covered at the session include: Digitization in procurement: Challenges and opportunities; Increasing process efficiency through digitization in procurement; Identifying transparency through digitization in procurement; Global best practices in procurement digitization; and Way forward in procurement digitization.

The conference themed as ‘Creating a Robust Ecosystem’ has lined up the country's top industry captains for the most comprehensive dialogue on the various key topics. Cutting across a number of business sessions, the conference will help develop the most meaningful and business-enabling idea exchange that will seek to further government and industry's growth aspirations. The discussions will help curate a comprehensive review of the chemical logistics sector, understanding the challenges as well as the opportunity that the segment offers.

Cutting across a number of business sessions, the conference will help develop the most meaningful and business-enabling idea exchange that will seek to further government and industry's growth aspirations. The discussions will help curate a comprehensive review of the chemical logistics sector, understanding the challenges as well as the opportunity that the segment offers.

The event has been supported by well-known names of the industry. Joining as the platinum partner is netradyne while gold partners are Carbanio, Moglix, and drivebuddyAI. The tech partner is Ezbiz Technologies and media partner is Indian Pharma Post.

Chemical companies have worked hard in recent years to rethink their procurement functions. Many have undertaken large-scale procurement transformations to make spending more transparent, to develop their processes and the capabilities of their people, and to create category strategies for their largest spending areas. Those efforts have cut costs significantly.

With many specialized vendors, organizations will face challenges of timing, logistics costs, dependability and quality. Transportation of materials is a crucial challenge. Material and human safety, temperature control and brittleness of packaging are essential to smooth operations. Real-time tracking and predictability of bottlenecks alleviate these procurement challenges.

New digital tools are transforming the ability of companies to aggregate, organize, and analyze complex data, so purchasing teams can identify opportunities more quickly and make smarter decisions at every stage of the procurement process. Consider two important examples: spending analytics and price forecasting.

Though the chemical industry is no stranger to digitalization, the pandemic has accelerated the adoption of innovation-led technologies, including but not limited to remote operation centers, industry 4.0, robotics, and autonomous operations in warehouses and logistics.