Bharat Heavy Electricals Limited (BHEL) today said it is trying to develop different types of entrepreneurship vendors from various parts of the country for outsourcing its huge requirements, particularly of machining and foundry products.
The Tiruchirappally unit of BHEL, which used to outsource its requirements from 12 vendors for Rs 15 lakh in a year in 1970, has increased its vendor capacity to 600, procuring four lakh metric tonnes of components worth Rs 1,400 crore at present, Additional General Manager of the company TV Krishnan told reporters.
The company, which employed the vendors for converting the raw material given by it, has now shifted to Away Centre Fabrication mode, by which vendors themselves procure raw material and supply finished goods to the specification and drawing provided by the company, he said.
However, he added that since BHEL required a huge quantity of components, the vendor should have good financial support for working capital and a minimum work area.
more at:
http://www.moneycontrol.com/news/business/bhel-looks-to-expand-vendor-base_561254.html
Wednesday, June 29, 2011
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