MUMBAI, June 6, 2016 /PRNewswire/ --
Vector Wins the Award Third Year in a Row for Value and Excellence in Management Consulting
Vector Consulting Group, the largest management consulting firm in the space of Theory of Constraints in Asia, was announced the winner in two categories of the AMCF Spotlight Awards.
- Supply chain category with Godrej Material Handling Division (part of Godrej & Boyce Group, Material Handling Division, is India's largest lift truck Manufacturer).
- Operational excellence with Pratibha Syntex Ltd (one of the largest vertically integrated textile manufacturers in India with its value chain spanning from fiber to fabric to garments. The business interacts with around 30,000 farmers, 10,000 employees and renowned global apparel brands in more than 20 countries).
AMCF, an international association of premier management consulting firms based in New York, evaluates and announces these global awards every year as a global recognition for consulting companies that go beyond the normal scope of consulting and help clients find 'solutions to critical challenges and develop sustainable solutions for their business with objectivity, professionalism and proficiency' in addition to delivering superior results.
As per AMCF, the selection of the winner in each category is an elaborate process involving reviews and interviews of clients and consulting team by a panel of independent judges, experts from the industry and academics.
Speaking on this dual win, Mr. Satyashri Mohanty, Director, Vector Consulting Group said, "Every year we benchmark our work in India with global benchmarks. The fact that we have been winning AMCF awards consistently for last three years is a testimony to the quality of our work. This year our project with Pratibha Syntex has also won a special award for being amongst the top scorers across all categories of awards."
Results of Godrej Material Handling Division
The following results were achieved within 2 years of implementation pull based supply chain using principles of Theory of Constraints:
AREA PARAMETER IMPROVEMENT On-time Performance Now 85% WIP in Days Reduced by 33% Output (Export Line) Increased by 54% Output (Domestic Line) Increased by 24% Manpower Productivity (Mandays per truck) Increased by 10% OPERATIONS FG (Count) Reduced by 75% RM Availability Now 97% RM Inventory (Rs. Cr.) Reduced by 17% OPERATIONS RM Inventory (in Days) Reduced by 44%
Results of Pratibha Syntex
The following results were achieved within one year of implementation of theory of constraints based operations solutions:
S.N. Key Performance Indicator Extent of improvement post implementation 1 On Time in Full Performance Increased to 90% 2 EBIDTA of Garments Division Increased by 55% 3 Airfreight & Penalties Reduced by 90% 4 Garment Production (in SAM value) Increased by 40% 5 Delivery Lead Time Reduced by 27% 6 Garment Inventory Reduced by 30%
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 AMCF (Association of Management Consulting Firms):
The Association of Management Consulting Firms is the premier international association of firms engaged in the practice of management consulting. Founded in 1929, for 85 years AMCF has been in the forefront of promoting excellence and integrity in the profession.
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Head Corporate Communications
Vector Consulting Group
SOURCE Vector Consulting Group