Supplier - Partner Meet

On October 29th, 2004, Supply Chain conducted the Supplier - Partner Meet event at Club Aquaria, Borivli. All our supplier partners and senior personnel of Wire Division were invited.

The occassion was graced by the presence of our Executive-In-Charge, Mr. Partha Sengupta, Mr. V.K. Sethi, Mr. A.S. Deshmukh, Mr. Rakesh Sharma, Mr. P.R. Raste, Mr. Shyam Sunder and various other concerned officers of TSWD.
The function started at 4.00 p.m. The opening speech was delivered by Mr.Shiv Hukku, Chief Supply Chain and then, Mr.Partha Sengupta, Executive-In-Charge appraised the gathering on the national as well as global steel & wire scenario, and our future plans. Mr. M.S.Shaikh, Head Inbound gave insights into major improvements undertaken at TSWD and also emphasized upon the Tata Values and its importance in our day to day working. Besides, there were also module presentations on Tata Code of Conduct by our Ethics Counselor, Mr.C.Srivatsan and Tata Business Excellence Model presented by our Head Improvement Group, Mr. M.S. Kadlay.

The question answer session was initiated by Mr. Shiv Hukku and Mr. M.S. Shaikh. During this session several brilliant ideas were exchanged, specially on the technology and cost reduction fronts. While M/s. Peddington spoke of increasing the efficiency with use of Rotating die box, M/s. Ronak suggested improvement of process through Mechanical De-scaling. M/s. Kennametal Widia promised to come back with their suggestions on pressure dies. TSWD suggested Oil majors like IOC, BPCL & HPCL to look into direct imports of furnace oil which is one of our major buys for reducing the costs.

The vote of thanks was executed by Mr. Abhay Phadnis, after which mementos were presented to our esteemed Supplier Partners.
The function culminated into a cocktail dinner party, which was highlighted by the musical event from Mr. Sudipto Chakraborty who had almost everybody singing & dancing upto midnight.

- M.S.Shaikh

Sustainability - The Language of Business

A sustainability development consists of long term, integrated, system approach to developing and achieving a healthy community by jointly addressing economic, environmental and social issues.

What is Sustainability?

The term sustainability is derived from "sustainable development" which was defined by the 1987 UN world commission on Environment & Development as :
"Meeting the needs of the present generation without compromising the ability of future generations to meet their own needs.".
Sustainability is a wider term and is defined as the inherent ability of an ecosystem to sustain itself to perpetuity by adopting an evolutionary system which moves from cradle to cradle and not cradle to grave it is multidimensional concept that has environmental, social, political, cultural and spiritual dimensions.
Sustainability is of three types :
Economic
Social
Environmental
All these are focusing on profit, people & planet, because business and environment has stressful relationship.

Why Sustainability?

Shattering of 3500 km Larsen B ice shelf in Antarctica on 5 March, 2002 has proved that human activity has catastrophic impact on the environment. Human as a species cannot survive unless we so arrange our activities and processes that we do not take out from the environment more than what we put in.
From the business point of view there are immense opportunities provided by sustainability.

	Sustainability offers new options for transfer of purchasing power from those who are impacting resources to those who are conserving them.
	It is a business opportunity, because it creates value with minimal impact.
	Sustainability makes work for the poor, improves the quality of life, enhances natural capital and creates sustained and shared growth.
	The business agenda for sustainability is enormous reduction in the consumption of resources, reduction in the impact on nature and providing new products & services

Sustainability Principles

	Conserve, protect and where needed, restore the productivity of natural capital and diversity of nature.
	Phase out the use and emission of Toxic minerals, metals and Fossil fuels and synthetic materials into nature. Get rid of persistent bioaccumulating toxic materials and substances.
	Eliminate waste through reduction at the source and enhanced reuse, remanufacturing or recycling internally within and externally between agencies, institutions and business.
	Increase the efficiency by which natural resources and energy are extracted, processed and used.

- Kiran Desale