Bengaluru, July 28: SAIL has selected mjPRO through an open tender for implementation of an e-tendering solution for its project buys on a digital platform providing easy access to its global vendors to quote.
The contract was signed in Bhilai today in presence of Shri Anirban Dasgupta, Director I/c (BSP), Shri RK Srivastava, Actg. ED (Projects), Shri Anurag Upadhyay, CGM (Projects-Commercial), Shri Unmesh Bhardwaj CGM(Projects), and Mr. Vinaya Varma, MD, mjunction.
According to mjunction Managing Director Mr. Vinaya Varma, “Through mjPRO, we expect to bring in speed to SAIL Project tenders, connect to vendors globally and efficiently address the challenging task of finalizing the Project tenders in short cycle times.” mjPRO will also help SAIL to make the necessary decisions leading to finalization of Purchase Orders for projects much easier, he added.
mjPRO is a Cloud-based platform and comes with wide configurability which ensures that every unique need of users is met; it is secure, scalable, modular and easy to use. It addresses key concerns of organisations such as access to new and credible suppliers, analytics and insights for decision-making, convenience of usage and integration with ERP systems. It can accommodate complex RFQ terms, multiple currencies and diverse evaluation criteria. It also provides access to registered vendors after due validation with procurement analytics and configurable dashboards that provide insights for timely decision making.
The project is expected to go-live within three months across five integrated steel plants of SAIL with connectivity with SAIL’s in-house consultant CET and Corporate Office.
About mjunction: Founded in 2001 and headquartered in Kolkata, mjunction services limited is an equal joint venture by of SAIL and Tata Steel is a customer focused, technology-driven and innovative e-commerce company. mjunction connects businesses with businesses to buy and sell better using digital platforms. With over two decades of operations, mjunction is among India’s most trusted B2B organizations, with a cumulative GMV of above INR 12 lakh crores. mjunction’s mission is to make the world a better place every day, creating robust and sustainable supply chains through greater efficiency and transparency, disintermediating value-destroying middlemen, and delivering desired outcomes to stakeholders, always. Internationally, it has a business footprint in Australia, Singapore, UK and the United Arab Emirates. mjunction also has its own offices in UAE and UK.
