Bokaro, April 8 -- The Materials Management (MM) Division of Bokaro Steel Plant has scaled new heights in FY 2020-21 due to spirited performance by its Purchase, Stores and Marketing wings which also fetched all time highest revenue for the plant, besides generating valuable savings under the leadership of DIC Amarendu Prakash.
During FY 2020-21, the MM division embarked upon a major drive towards transparency in its processes. Notably, all the purchases worth Rs. 1865 Crores were done on e-procurement mode. To expedite the process, a decision was taken to switch to paperless mode for all procurements valuing upto Rs. 7 Lakh. Purchase Cost reduction of approx. Rs. 137 Crores was also achieved in 2020-21 through Reverse Auction and Negotiat...