SJMSOM, IIT Bombay Organizes Business Seminar Series

SJMSOM, IIT Bombay Organizes Business Seminar Series
Post-event Press-release

This was followed by a talk by Mr. Ashu Khanna, Head Supply Chain, Marico, who spoke about building a sustainable organization. He suggested involving employees on both a personal as well as professional level in such an initiative.

He also suggested involving business associates including suppliers and distributors.

Next was Mr. S. Seshasayee, Senior General Manger - Supply Chain, Mahindra & Mahindra. He spoke about the triple bottom line principle of "people, planet and profit" wherein a firm should perform financial accounting as well as social and environmental accounting. He emphasized that the journey toward sustainability does not have a finish line. The target is always moving.

This was followed by Mr. Jayant Ambast, Head Supply Chain, Perfetti Van Melle. He spoke of the importance of austerity, efficiency in the usage of scarce resources and technical efficiency, in creating a green supply chain. He suggested that suppliers should be located close to the manufacturer, to ensure low transportation.

The last speaker was Mr. Rajiv Mehta, Head SCM, Ultra Tech Cement. He spoke of how the cement industry has started to go green by introducing other industries wastes as components of cement, ex: tire chips and fly ash from thermal power plants. He also suggested switching to the sale of unpackaged, ready-mix cement in bulk to be transported to distribution centres by rail.

An underlying theme, in all the discussions, was that economic sustainability has now become imperative for all businesses. With growing preference of consumers for green products, "green" is a competitive advantage. Also, introducing environmentally friendly measures makes good business sense as these improve efficiency and decrease costs, thus improving profits.

The first leg of continuum was a huge success and was attended by management students from different B-schools, students and faculty of IIT Bombay fraternity and had representation from companies like Morgan Stanley, TCS, L&T etc.

Contributed By-
Ashish Rijhwani,
Online PR Co-ordinator,
Public Relations Team,
SJM School Of Management, IIT Bombay.

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