SAIL Rourkela Steel Plant has been awarded a Gold Medal for commendable adoption of EPS, implemented by buyjunction, the sourcing service unit of mjunction services limited, India’s largest eCommerce company- promoted by SAIL and TATA Steel. The award conferred by the Department of Administrative Reforms and Public Grievances, Ministry of Finance, Govt. of India at the 11th National Conference on e- Governance was instituted to reward Public Sector Units (PSU’s) for implementing exemplary information and communication technology (ICT) processes.

www.buyjunction.in plans to offer various sourcing solutions to PSU’S including EPS that offers an upfront 20% lower resource outflow in terms of time and money against developing in-house solutions. SAIL RSP, who contributed immensely towards the building of this robust eProcurement system suitable for PSU’s, was the first client for buyjunction in April 2005. Since then it has scaled up activities to eight more plants and units of Steel Authority of India Ltd., Hindustan Copper Ltd., Garden Reach Shipbuilders and TATA Steel. Increasing conversion of PSUs to buyjunction enabled EPS has brought numerous advantages including reduction in cycle time by almost 50%, elimination of manual procurement process resulting in reduced cost in procurement, check on wastage of resources and minimisation of margin for errors while sharing information across systems.

Mr. Viresh Oberoi, Managing Director, mjunction services limited, said, “We are extremely proud that Enterprise Procurement System, developed by us, has been appreciated and rewarded at the highest levels by the Govt. of India. We hope to continue to help break barriers and extend the success story forward to other organizations and industries. The growing inclination to use electronic processes is a positive indication for a developing nation like ours.”

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