Fleetguard Filters, Client of Vector Consulting Group Wins 2016 TOCICO International Achievement Award

MUMBAI, June 15, 2016 /PRNewswire/ --

Fleetguard Wins the Platinum Level Award in Recognition of Their Financial and Operational Performance Over Last 9 Years  

Vector Consulting Group, India's largest management consulting firm in the space of Theory of Constraints, is proud to announce that their client, Fleetguard Filters, is the winner of 2016 TOCICO International Achievement Award, Platinum Level. Fleetguard won the TOCICO International Achievement Award in 2009, and seven years later, the company has continued to thrive and show a significant level of ongoing improvement using TOC as the main way of managing the organization.

The TOCICO (Theory of Constraints International Certification Organization) board, awards the Platinum Level Achievement very selectively to organizations that relentlessly focus on continuous improvement using TOC principles and also spreading TOC knowledge within their organisation and in the community.

Speaking on this prestigious award win, Mr Puneet Kulraj, Director, Vector Consulting Group said, "Fleetguard began their TOC journey in right earnest with Vector Consulting Group over 9 years ago. This award recognizes their ability to maintain sustained excellence through both quantifiable and qualitative results by implementing TOC. We are very proud that Fleetguard has set new global benchmark and we have partnered them in this journey."

Mr Niranjan Kirloskar, Managing Director, Fleetguard Filters, said, "This award is testament to not only the power of TOC but also to the faith that the entire team of Fleetguard has demonstrated in fully embracing the essence of TOC and making it the only way to think in their professional and personal lives. We are proud and humbled by this recognition from TOCICO. This will strengthen our resolve to use TOC for improving the lives of all people touched by Fleetguard."

Results of Fleetguard Filters

   
                                                  2016(AFTER TOC
    PARAMETER              2007(PRE-TOC)          IMPLEMENTATION)
    No. of SKUs            300                    650
    Inventory              45 days                16 days
    Receivables            40 days                10 days
                                                  99%availability at
                           Monthly order          distributors on a
    Availability           fulfillment was 80%    daily basis
    Number of distributors 60                     185
                                                  Area demarcation -no
                                                  more than 2 districts
                                                  per distributor

    Area covered by each
    distributor            No area demarcation
    Stock levels at        More than 45 days of   Less than 15 days of
    Distributors           stock                  stock
                                                  Over 80% (Margins kept
                                                  same as before and
                                                  trade schemes were
    ROI of distributors    About 20%              discontinued)
                                                  63000

    No of retailers
    covered                5000
                                                  55000

    Number of mechanics
    under loyalty program  0
    Number of sales
    officers               26                     78
    Number of mechanic
    sales representatives  18                     280

About Vector Consulting Group:  

Vector Consulting Group is the leading consulting firm in the space of Theory of Constraints consulting in India. It engages with organizations to help them gain market share by building unique supply chain capabilities that provide a competitive edge in the market. Vector Consulting Group is engaged with India's most renowned industrial houses such as Tata, Godrej, Bajaj Electricals, Cummins Group, Raymond, and Kirloskar Oil Engines etc.

About Fleetguard Filters:  

Established in 1987, Fleetguard Filters Pvt. Ltd is a leading Indian manufacturer of heavy duty air, fuel, lube and hydraulic filters, air intake systems coolants and chemical products for on and off highway application. It is a supplier to renowned automobile companies and industrial engine and equipment manufacturers.

For more information, please visit: http://www.vectorconsulting.in/

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Media Contact:
Vidya Dilip
[email protected]
+91-9820333846
Head Corporate Communications, Vector Consulting Group