Toshiba JSW Power Systems Pvt.Ltd.’s Post

Having a diverse and experienced procurement team enables a well-rounded approach to project execution ensuring procurement of goods and services at an optimized cost while meeting quality requirements and delivery schedule.   Toshiba JSW Power Systems (TJPS), Gurgaon has an in-house team of highly experienced procurement professionals for procurement of goods and services for Boiler, Turbine & Generator (BTG) and Balance of Plant (BOP) packages of Power Plants. The collective knowledge and skills of the team contribute to effective decision making, risk management and contract management from ordering to complete execution of the package. The team follows a rigorous approach during ordering stage which entails due diligence of the Suppliers including their financial health check, market data analysis, calculation of should-be-cost and cost optimization through effective negotiation while managing the commercial risks. The team is adept in handling & managing contractual risks and resolving conflicts among the stakeholders.   The team has successfully completed more than 100 Sub-contracting packages under 1x660 MW Harduaganj Ultra Supercritical Thermal Power Plant’s Engineering, Procurement & Construction (EPC) execution with able management avoiding conflicts and litigations.   This landmark project is first EPC Power Project managed by Toshiba’s subsidiary in India including civil works handled independently through various sub-contractors.   Our Procurement team is geared up to handle any new assignment in the Country’s energy development initiative by providing its services and expertise.   #powerprojects #EPC #BTG #BOP #Procurement #CostOptimization #Quality #Schedule #Execution #Negotiation #ConflictManagement #ContractManagement #StrategicSourcing  

"I'd like to share my extensive experience after serving several years in the role of a Procurement/ Supply Chain Manager at a company with over 1500 employees, handling various EPC projects. Over the years, I've been responsible for supplying equipment for more than 5 DRI projects, 2 steelmaking projects, one desalting project, one ferroalloy project, one refractory project, one copper project, and more (finished and ongoing). These projects have collectively involved a procurement budget nearing 1000 million euros over the span of a decade. Throughout this journey, I want to underscore the pivotal role of a project manager. In the world of procurement, I've encountered situations where working with a less experienced project manager on a smaller project can demand far more energy from you and your team than managing a mega project with an expert project manager. It's my belief that all project managers should, at the very least, gain sufficient experience by working alongside an expert project manager. They should never underestimate the value of PMBOK. Ehsan Ghafoori September 22, 2023" #projectmanager #procurementmanager #pmbok #Fieco #Fooladtechnic #pmp #supplychain #sustainable #management #EPC #DRI #steelmaking

Introduction: The field of EPC projects encompasses a wide range of complex undertakings, involving the design, procurement, and construction of infrastructures such as oil refineries, power plants, and industrial facilities. Procurement plays a pivotal role in ensuring the smooth execution and successful completion of these projects by managing the sourcing, purchasing, and delivery of necessary materials and services. Abstract: Procurement in EPC projects is a critical function that influences project timelines, costs, and overall quality. This paper examines the role of procurement in EPC projects, highlighting the importance of strategic sourcing, supplier management, and contract negotiation. Argument: Procurement is a key driver of success in EPC projects, impacting project terms in of cost, schedule, and quality. By strategically selecting suppliers, negotiating favorable contracts, and ensuring timely delivery of materials, procurement professionals can help EPC projects stay on track and within budget. Moreover, effective procurement practices contribute to risk mitigation, quality assurance, and stakeholder satisfaction, underscoring the indispensable role of procurement in project delivery. Results: Effective procurement in EPC projects yields tangible benefits such as cost savings, reduced lead times, and improved project performance. By leveraging volume discounts, optimizing supplier relationships, and implementing efficient procurement processes, project teams can achieve significant. efficiencies Furthermore, proactive risk management through supplier diversification and contingency planning enhances project resilience and minimizes disruptions during execution. Discussion: The success EPC projects hinges on close collaboration between procurement, engineering, and construction teams, as well as alignment with project objectives and stakeholder expectations. By fostering transparent communication, fostering innovation, and promoting continuous improvement, procurement can drive project success and create sustainable value for all stakeholders. Conclusion: In conclusion, procurement plays a pivotal the in successful delivery of EPC projects, with its impact extending across project cost, schedule, risk, and quality. By adopting best practices, sourcing negotiation, and supplier management, project teams can optimize their procurement processes and enhance project outcomes. Overall, the influence of procurement on EPC projects is undeniable shaping project success and stakeholder value through effective sourcing, procurement, and supply chain management. By embracing innovation, collaboration, and continuous improvement in practices, project teams can overcome challenges, maximize opportunities, and achieve excellence in EPC project delivery. #epcprojects #procurement #projectmanagement #projectsuccess #collaboration #suplychain #continuousimprovement #costoptimization #suppliers

Exploring the Value of Procurement Engineers in EPC Procurement ℹ️ In EPC (Engineering, Procurement, and Construction) projects, the role of procurement engineers stands out as indispensable. Here's why: 1️⃣ Technical Insight: Procurement engineers possess a unique blend of technical prowess and procurement acumen, enabling them to understand intricate project requirements and source the right materials and services effectively. 2️⃣ Cost Optimization: With their comprehensive understanding of engineering specifications and industry standards, procurement engineers excel at identifying cost-saving opportunities without compromising on quality, thereby maximizing project ROI. 3️⃣ Risk Mitigation: EPC projects often entail complex supply chains and stringent timelines. Procurement engineers adeptly navigate these challenges, mitigating risks through meticulous vendor selection, contract negotiation, and proactive issue resolution. 4️⃣ Compliance Assurance: Compliance with regulatory standards and contractual obligations is paramount in EPC procurement. Procurement engineers ensure adherence to all relevant guidelines, safeguarding project integrity and stakeholder trust. 5️⃣ Strategic Collaboration: By fostering robust relationships with suppliers, subcontractors, and internal stakeholders, procurement engineers foster a collaborative environment conducive to project success, driving innovation and efficiency. Furthermore, the expertise of procurement engineers is instrumental in optimizing costs, mitigating risks, ensuring compliance, and fostering collaboration, making them indispensable assets in the EPC procurement. #EPC #ProcurementEngineering #ProjectManagement #Engineering #Supplychain #ProcurementEngineer #OilandGas #Power #CCPP #CombinedCycle #Solar #FEED

In the latest edition, Fastest Growing EPC Companies in India, CIOLOOK India magazine is pleased to feature companies in the EPC (Engineering, Procurement, and Construction) industry, translating India’s developmental vision into reality. Read More: https://cutt.ly/SwTMTVTp #epc #FastestGrowing #EPCCompanies #InfrastructureGrowth #BusinessInIndia #IndianEconomy #EngineeringServices #ProjectManagement #ConstructionIndustry

The Crucial Role of Procurement in EPC Projects Effective procurement management is the cornerstone of success in Engineering, Procurement, and Construction (EPC) projects. EPC projects, which encompass complex endeavors like building infrastructure or industrial facilities, rely heavily on a well-structured procurement strategy for several reasons. First and foremost, procurement plays a pivotal role in cost control. Through strategic sourcing and vendor selection, EPC project teams can optimize budgets, mitigate risks, and ensure the availability of necessary materials and services. Additionally, procurement contributes significantly to project timeline management. Timely procurement ensures that materials arrive when needed, avoiding delays, and keeping the project on track. Quality assurance is another key aspect. Procurement processes enable rigorous quality checks and compliance with industry standards, ultimately guaranteeing the integrity and safety of the end product. Furthermore, supplier relationships cultivated through procurement can foster collaboration, innovation, and cost-saving opportunities throughout the project lifecycle. In conclusion, procurement management is not just a supporting function but a linchpin in EPC projects, impacting cost, schedule, quality, and overall project success. Properly executed, it can drive efficiency, minimize risks, and maximize value for all stakeholders involved. Ehsan Ghafoori 2023.09.23

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Some Key Terms Related to EPC Procurement ℹ️ 1. Procurement Strategy: The overarching plan that outlines how materials, equipment, and services will be acquired to meet project requirements efficiently and cost-effectively. 2. Supply Chain Management: The coordination and oversight of all activities involved in sourcing, procurement, and logistics to ensure a seamless flow of materials and services throughout the project. 3. Vendor Evaluation: The assessment of potential suppliers based on criteria such as capabilities, reliability, financial stability, and past performance. 4. Contract Negotiation: The process of reaching mutually beneficial agreements with vendors and subcontractors regarding pricing, terms, conditions, and deliverables. 5. Material Sourcing: The identification and acquisition of materials and components required for construction, ensuring timely availability and adherence to project specifications. 6. Quality Assurance: The implementation of processes and procedures to verify that materials, products, and services meet specified quality standards and requirements. 7. Subcontractor Management: The coordination and oversight of subcontractors hired to perform specialized tasks or provide specific services within the project scope. 8. Bid Evaluation: The assessment of bids submitted by potential vendors or subcontractors to determine the most suitable and competitive proposals for awarding contracts. 9. Risk Mitigation: The identification, assessment, and management of potential risks and uncertainties that could impact project objectives, timelines, or budgets. 10. Project Planning: The development of detailed plans outlining project scope, objectives, schedules, resource requirements, and milestones to guide project execution. 11. Compliance Management: The adherence to relevant laws, regulations, standards, and contractual obligations throughout the procurement process to ensure legal and ethical conduct. 12. Cost Estimation: The process of estimating the total cost of materials, equipment, labor, and other resources required to complete the project within budget constraints. 13. Supplier Relationship Management: The cultivation and maintenance of positive, collaborative relationships with suppliers and subcontractors to enhance communication, trust, and performance. 14. Performance Monitoring: The ongoing assessment and evaluation of supplier and subcontractor performance to ensure compliance with contractual agreements and project requirements. #procurement #terms #performance #supplierrelationship #costestimation #compliance #planning #epc #project #power #oilandgas #procurementstrategy #sourcing #vendor #supplychain #ccpp #solar #energy #powergeneration