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2018-06-13
Growth Summit 2018

As part of its continuing efforts to grow its business and enhance the engagement with its supplier fraternity, BFW organized suppliers’ meet - 'Growth Summit 2018', at the BFW Bangalore premises on 13 June, 2018.

This event was aimed at strengthening the business relationships and maintaining transparency between BFW and its suppliers. Suppliers from across the country attended the event.

The welcome address was given by Mr. Ravikanth S, Head of Strategic Sourcing Division. He also shared the agenda with the attendees.

In his inaugural address, Mr. Ravi Raghavan, CEO & MD, BFW, emphasized on the responsibilities of the suppliers and explained the future opportunities and growth for suppliers as well as BFW’s future plans.

Mr. Praful Shende, CSMO, BFW, spoke about the current market scenario, consumption forecast of machine tools and changing growth trajectory of the industry. He further added the important aspects of what customers think and their expectations.

In his speech, Mr. P Venkataraman, COO, BFW, set the expectations for the suppliers and how we can work together to achieve business excellence. Expecting to touch a turnover of Rs. 1,000 crore, he urged the suppliers to equip themselves for the growth while ensuring delivery on time. He also urged them to update technology and follow sound quality management practices.

Our suppliers also shared their views on streamlining the functions and remove bottlenecks. They spoke about how the strategic partnership between them and BFW is helping in enabling progress and delivering excellence, and how they can work together with BFW to deliver more.

Our suppliers are vital to our continued success. They are our growth partners. To recognize their outstanding performance in supporting our continuous drive for operating efficiency and delivering greater benefits to our customers, an award ceremony was conducted to honour them. Top contributing suppliers were acknowledged for their exceptional service and product quality, wholesome collaboration and consistent on-time delivery.

The BFW Leadership team also interacted with all invited suppliers post the session and mutually understood more conducive business growth plans.

It was indeed a very fruitful gathering where we all have pledged to work together to meet the soaring market demand. We are thankful to all our suppliers who have accepted our invitation and made the summit a grand success.

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