ITC Limited receives the Indian Agribusiness Excellence Award 2018
ITC Limited receives the Indian Agribusiness Excellence Award for Supply Chain Management
About the Award Recipient
ITC Limited Agri Business Division has implemented effective supply chain management system for wheat. The supply chain cost accounts for 10 percent of the total raw material cost. Labour costs are increasing by 7.8 percent every year and cost of packaging has been increasing with 8 percent CAGR. In order to reduce these costs, bulk movement was initiated through normal mode of transport and also, using multimodal logistics. Transportation in bulk ensured reduction in usage of packing material and reduction in labour cost as loading and unloading was mechanized. As a result, savings of about 19% has been achieved in supply chain cost.