VIP Industries Partners With Vector Consulting Group to Revamp its Supply
MUMBAI, November 11, 2013
MUMBAI, November 11, 2013 /PRNewswire/ --
Vector Consulting Group Enters Into an Engagement With VIP Industries to Build
an Agile Supply Chain Using Principles of Theory of Constraints
Vector Consulting Group (VCG), the largest consulting firm in the space of
Theory of Constraints consulting in India, has entered into an engagement with
VIP Industries Ltd .
Vector Consulting Group will be the implementation partner for transforming
the supply chain of VIP using the TOC principles. The solution will help VIP
in reducing inventory while improving availability at point of sale. A low
inventory model will enable rapid expansion of distribution and retail reach.
Speaking about the new engagement, Mr Puneet Kulraj, Director, VCG said,
"Category of luggage is evolving from a utility item to a lifestyle product
which means rapid addition of varieties for supply chain and highly
variabledemand patterns. The inflexibility of a forecast based supply chain
is a bane for such environments. Stock outs and excess inventory is
inevitable. Rather than trying to improve forecasts, VIP is taking the right
step of building a supply chain which can react very fast to changing demand
Commenting on engaging with VCG, VIP Industries Managing Director, Ms Radhika
Piramal said, "VIP Industries is India's #1 luggage company with core
strengths in brands and distribution network. We now want to leverage these
strengths by improving operational efficiencies. After a lot of research, we
chose Vector based on their experience of implementation in India. I am
confident that Vector's supply chain solutions will show positive impact
within 12 months."
About Vector Consulting Group:
Vector Consulting Group is the largest consulting firm in the space of Theory
of Constraints consulting in India. It engages with organizations to bring
about quantum improvements in sales and bottom-line using the supply chain as
the key leverage. Vector Consulting Group is engaged with India's most
renowned industrial houses such as Tata, Godrej, Bajaj Electricals, Trident
Group, Cummins Group, Liberty, Raymond, and Kirloskar Oil Engines etc.
About VIP Industries Ltd:
Established in 1971, VIP Industries Ltd is Asia's No.1 luggage manufacturer.
Its four factories produce nearly five million pieces a year, making it the
second largest producer of luggage in the world. The state-of-the-art VIP
design lab at Nashik has to be credited several international patents and
design registration. Since inception, the company has kept in step with the
changing need and taste of the discerningand quality conscious traveller. VIP
Industries already has a global footprint with its products available not just
across India but also all over the Middle East, the UK, USA, Germany, Spain,
Italy and select Africanand South East Asian countries.
Primary Media Contact: Joyce Noronha, email@example.com ,
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