Business
ISMM & IDB enter into MOU
An MOU was signed on April 10 between the Institute of Supply and Materials Management (ISMM) & the Industrial Development Board (IDB) with the objective to develop a local supply chain framework which will be acclaimed globally to uplift domestic Industry with collaborative contribution of all stakeholders.
As per above MOU, there are 03 x main deliverable for ISMM.
a. Conducting Awareness Programme on Concepts of SCM.
b. Conducting Process Improvement Programme based on Lean Management Philosophies.
c. Develop Criteria for Outline Framework for Grading of Industries.
Under the First deliverable, Awareness Programme on Concepts of SCM – 02 x programmes, one for Government Senior Officials & other as a one-day Workshop for all industrial personnel have already been planned to be conducted in the month of July 2023
Under the Second deliverable, Conducting Process Improvement Programme based on Lean Management Philosophies – These training programmes will be conducted by ISMM as “Consultancies, Workshops etc” for Identified Industries as facilitated by IDB throughout the year commencing from August 2023.
Under the Third deliverable, Developing Criteria for Outline Framework for Grading of Industries – ISMM, in liaison with IDB will initiate immediate action with the scope to Motivate, encourage and development of all manufacturing industries under the IDB scale of micro, small, medium, and large towards sustainable growth by optimizing the process activities of the total supply chain. All the operational features that enable to improve the value addition process for the sustainable development of the manufacturing process are considered as the key areas for developing scales. It is expected to jointly declare (ISMM/IDB) the final version of Industry Grading on 24 Oct 2023 which is the “National Supply Chain Day” (ISMM Anniversary Day)