Accelerating Procurement for CBG Plants with 53% Faster Vendor Discovery for 5500 Square Meters of Insulation Work

Subha Roy

Table of Contents

Overview

A leading full-stack biofuel company was setting up CBG plants across multiple locations in Madhya Pradesh, Haryana, and Uttar Pradesh. They required qualified vendors to supply and install insulation materials for 4 tanks (RCC and MS) and piping per location. The total scope was 5500 square meters, including 50 mm thick rockwall insulation and cladding sheets (24 swg). The client had previously collaborated with Venwiz successfully. They trusted us to find and onboard vendors who could mobilize the site by December.

Key Challenges

Time crunch: The client needed vendors to mobilize and commence work by December to meet tight project timelines
Specialized expertise: The project required us to find vendors with proven expertise in insulating large tanks ( 32-meter diameter and 9-meter height)
Scope Alignment: Ensuring the vendor’s technical expertise aligned with the project’s requirements was critical.

Vendor Selection Criteria

Venwiz prepared a detailed PQR after understanding the client’s requirements.

Expertise in tank insulation and handling aluminium cladding sheets.
Have experience in the erection and installation of lightly resin bond (LRB) rockwell insulation, and cladding sheets (24SWG). The vendor should have the equipment required for installation.
Minimum project completion history with a purchase order (PO) value of ₹50 lakhs.
Strong financial standing with an annual turnover of ₹8 crores.
Worked in the vicinity of Madhya Pradesh and Uttar Pradesh.

Venwiz Solution

As a leading procurement platform, Venwiz leveraged its robust digital capabilities and deep industry expertise to deliver a streamlined procurement process for our client.

Rapid vendor identification: We collaborated with our client to create a detailed PQR. We used our vendor search algorithm LL30 to find vendors matching our client’s requirements. We swiftly identified 6 PQR-qualified vendors in 7 days.
Rigorous vendor assessment: We conducted a comprehensive evaluation of each vendor assessing their technical and project capabilities, organizational structure and financial stability.
Detailed vendor capability brochure (VCB): We at Venwiz prepare a detailed report for all the shortlisted vendors showcasing the product portfolio, manufacturing facilities and infrastructure, clients, past projects, and finances.
Comprehensive procurement support: We offer comprehensive support during the pre-procurement stage, including vendor shortlisting, preparing quote comparison reports, and optimizing quotes by collaborating with our vendor partners to standardize their proposals. This streamlines the process, saving time for our clients and enhancing procurement efficiency. Our data-driven insights enable clients to make informed vendor selections.