Leading Manufacturing Companies – Marico Limited
Supply chain is likely to be the biggest beneficiary of information technology changes and advancements that are taking place today, according to Mahajan.
“Every process in the value chain, from farm to fork, is getting disrupted by individual stakeholders. As we continue to see extensive use of IoT in the way we source our key raw material, we have been extending the same in order to make a difference to the lives of farmers, making it easier to get connected now as compared to a year back,” he points out.
Factory shop floors are also changing rapidly with adoption of automation, data acquisition, analytics and robotics application to enhance resource productivity. Similarly, development is seen in modern warehouses where robotics, IoT and AR are finding multiple applications to ease the management of a large, complex warehousing ecosystem.
In addition, the logistic sector is also seeing a disruption in the way real time information is acquired and used for optimising resources and cutting wastages in the value chain.
Customer demand sensing and subsequent fulfillment is also being aided by real-time data availability backed by enhanced computing capabilities.
“Overall, the entire value chain has being seeing a series of innovations driven by emerging technology, which is only likely to accelerate in the coming times,” Mahajan observes.
Also, GST has helped Marico in facilitating the ease of doing business and simplifying their network, thereby driving scale efficiencies across the value chain.