Vector Consulting Group With Godrej Security Solutions Wins the Global Award for Management Consulting

MUMBAI, April 8, 2014 /PRNewswire/ --

Vector Consulting Group, the largest and fastest growing management consulting firm in the space of theory of constraints in India, was announced the winner in the supply chain category with Godrej Security Solutions in the glittering awards function held at New York City. The award was given by the Association of Management Consulting Firms (AMCF), the premier international association of management consulting companies. The AMCF Spotlight Awards in the category of supply chain is given to the best project across the world, that demonstrates significant value to the client organization and society at large. An independent panel of esteemed judges from industry and academics selected the winners. The other finalists in this category were EY for Bloomberg and KPMG for Ford Motors. 

Speaking on this, Mr Satyashri Mohanty, Founding Director, Vector Consulting Group said, "We see the award as a vindication of our implementation and benefit linked pricing model of management consulting. Since ages, management consulting companies have been following the model of recommendation based consulting model, wherein they make all their desired margins by selling content in form of recommendation, while the client ends up paying much before the realized benefits. This one-sided risk model comes in the way of rapid expansion of the management consulting market. We at Vector Consulting Group aim at changing the way consulting is done and create an inherent win-win for us and our clients."
 
About the project

Godrej Securities, part of the USD 1.2 billion Godrej & Boyce Group, started implementation of theory of constraints processes with Vector Consulting Group as their partner in their manufacturing plants and base of 50 suppliers. Two years of implementation lead to significant improvement of financial and operational parameters, besides creating a harmony in the entire supply chain.

Quantitative outcomes:
The following results were achieved within 2 years of TOC implementation:

    S.N. Key Performance   Extent of improvement post
         Indicator         implementation

    1    Daily Production  Increased 3 times
         Rate
    2    Production Lead   Reduced by 53%
         Time
    3    Work in Progress  Reduced by 57%
    4    Finished Goods    Reduced by 50%
         Stock
    5    Working Capital   Increased by 42%
         Turns
    6    Improvement in    3 times
         ROCE

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, Liberty, Raymond, and Kirloskar Oil Engines etc.

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

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Media Contact: Joyce Noronha, [email protected], 9819575964, Vector Consulting Group