Mr. Atanu Bhowmick, Director In-Charge inaugurated an Exhibition on non-moving and deemed non-moving Inventory at Modernisation Stores organised by Stores Section of Materials Management Department on 16th December 2024. Present on the occasion were Mr. Tarun Misra, ED (HR), Mr. A K Behuria, ED (F&A), Mr. Biswaranjan Palai, ED (Operations), Mr. Sudip Pal Chowdhury, ED (Projects), Mr. Anil Kumar, ED (MM), several Chief General Managers and Heads of Department from across the Plant. The dignitaries also planted saplings to mark the occasion.
In his inaugural address, Mr. Bhowmick stressed on conducting such exhibitions that would create awareness regarding the importance of optimising the procurement of right quantity and right quality of spares and equipment. He also emphasised on adoption of large scale digitalisation and automation so as to plan and reduce the piling of inventories.
Mr. Tarun Misra, called for a data-driven approach in procurement, urging decisions to be based on a 10-year analysis of requirements to avoid unnecessary purchases and ensure optimal resource utilisation.
Speaking on the occasion, Mr. A K Behuria, explained that inventory is a significant component of working capital, and efforts should aim at minimising inventory holding periods to improve financial efficiency.
Mr. Biswaranjan Palai, discussed the challenges posed by non-moving inventory and encouraged Heads of Departments to explore ways to minimise these items through strategic utilisation.
In his address, Mr. Sudip Pal Chowdhury, stressed the significance of digitalisation in inventory management as a focus area.
Mr. Anil Kumar, underlined the importance of making inventory management processes seamless, efficient, and aligned with operational needs.
At the outset, Mr. N R Ray Choudhury, GM In-charge (MM-Stores, Inspection & SC) welcomed the gathering and provided an insightful overview of the exhibition. Mr. S K Behera, GM (MM-Stores), introduced the programme outlining the importance of inventory categorisation and efficient utilisation. Mr. Maheswar Mohanta, Deputy Manager recited a poem on the importance of the Stores Department and the developmental work carried out under the leadership of the Director In charge, which was thereafter presented to Mr. Bhowmick. Mrs. Anindita Mahapatra, DGM (MM-Stores) coordinated the programme, while Mr. Basant Kumar Chowdhury, AGM (MM-Stores) proposed a vote of thanks.
Earlier, the Director In-Charge laid the foundation stone for construction of two new sheds in Modernisation Stores. He along with the Executive Directors also planted saplings in the premises.
It is worth mentioning here that the exhibition being organised from 16th to 31st December showcases various items categorised as non-moving and deemed non-moving inventory including project left-outs, surplus and redundant items so that different departments can inspect the materials and indent the items for use in their units.
