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.
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Head Corporate Communications, Vector Consulting Group
SOURCE Vector Consulting Group