Ghodawat Consumer Limited Shines with Best Procurement Transformation Award
17th December 2024: Ghodawat Consumer Limited (GCL), the FMCG arm of the Sanjay Ghodawat Group was conferred with Best Procurement Transformation Award 2024 at 12th Edition Procurement Excellence Summit & Awards 2024 organized by UBS Forums Pvt Ltd.
The award was received by Mr. Vijay Kumar, Vice President-Supply Chain, GCL. The summit gained deep insights into the latest procurement strategies, challenges and the opportunities shaping the future of procurement. Vijay Kumar, Vice President-Supply Chain, GCL also won Procurement Leader of the Year, 2024 award at the Summit.
Commenting on this recognition, Salloni Ghodawat, Director and COO, Ghodawat Consumer Limited (GCL) said, “Winning the Best Procurement Transformation Award is a testament to how technology and data-driven solutions are reshaping our approach to procurement, enhancing efficiency, and delivering value to our stakeholders. At Ghodawat Consumer, we believe that digital transformation is the cornerstone of future-ready supply chains. This award reflects our continuous efforts to integrate cutting-edge technology into our procurement processes, ensuring agility, sustainability, and operational excellence.”
GCL transformed its procurement processes by implementing a cutting-edge, AI-powered digital platform and a supplier management program designed to foster collaboration and innovation. These initiatives have streamlined workflows, enhanced decision-making, and improved supplier engagement.
Key achievements of procurement transformation
- Cost Efficiency: 10% annual savings over two years.
- Process Optimization: 75% faster contract cycles and 40% reduced PR/PO processing time.
- Transparency: Comprehensive visibility across procurement, supported by AI-driven analytics.
- Enhanced Service Quality: Improved supplier management and digitized quality controls.
This transformation has empowered Ghodawat Consumer Ltd. with increased efficiency, better governance, and stronger supplier relationships, reinforcing its commitment to innovation and operational excellence.