Marico cuts procurement costs
When Marico Industries, the Rs 700 crore FMCG company, decided to set up its third manufacturing plant in Pondicherry, it wanted to cut down on outsourcing costs that amounted to Rs 4 crore annually. Hence, the company chose indiamarkets’ e-procurement and reverse auction solution, which has helped them reduce the total cost of outsourcing by 20 percent, says Akhtar Pasha