Kirloskar Ferrous Industries Ltd - New Product Development

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Mr. R.V. Gumaste, Managing Director, discusses how Kirloskar Ferrous Industries Ltd (KFIL), successfully unlocked the full potential of their operations and sustained excellence over the last 7 years.

Kirloskar Ferrous Industries Ltd - Transforming Foundry Operations & Sustaining Excellence

Kirloskar

The NPD processes at this leading diesel engine and generator set (genset) manufacturer were redesigned using flow thinking. Result: Nearly 50% reduction in lead times and a 75% increase in new parts developed.

Kirloskar Oil Engines Ltd - New Product Development

Kirloskar Oil Engines Ltd. | Accelerating new product development (NPD)

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Vector has developed bespoke solutions for equipment manufacturing or custom manufacturing companies to help them identify and address constraints in operations, sales, spares &amp; services, or new product development that limit consistent sales and profit growth.&nbsp;Working with companies like Laxmi Machine Works (LMW), Godrej Material Handling, RPG Raychem, Kirloskar Oil Engines Ltd. Bajaj Electricals (Luminaries Division), amongst many others, Vector has helped clients bring about excellence in equipment delivery, turbo-charge their sales &amp; business development efforts and set new benchmarks in after-sales services.&nbsp;

An equipment manufacturing or custom manufacturing company’s ability to grow its sales and profits consistently is limited by constraints in the following areas like Operations, Sales, Spares and Services and New Product Development:

Consulting Services for Equipment Manufacturing Companies

Analyses of top custom manufacturing companies, including manufacturers of capital goods and custom manufacturers of machinery and equipment, which design a product and make to order, show that only a handful have realized healthy sales, profits & ROI in the last decade.

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SOB with key customers increased significantly and KFIL became a preferred supplier in the Grey Iron castings industry

Kirloskar Ferrous Industries Ltd (KFIL) is a leading supplier of automotive and non-automotive castings in India and abroad, with manufacturing facilities at Koppal, Karnataka, and Solapur, Maharashtra. The company produces grey and S.G. iron castings for various applications, including cylinder blocks, cylinder heads, and housings for automobiles, tractors, and diesel engines. The casting industry, of which KFIL is a part of, is characterised by very poor (daily) on-time delivery (OTD). Therefore, to offset the high lead time and unreliable deliveries, <a target="_blank" rel="noopener noreferrer" href="https://www.vectorconsulting.in/en/research-and-publication/articles/an-sos-for-the-oems/">OEMs</a> must maintain huge inventories at their end (20-30 days).&nbsp;KFIL partnered with Vector Consulting Group, to introduce a system of small-batch production system, improving its ability to respond to customers’ consumption patterns and deliver according to their requirement. The company also revamped its New Product Development (NPD) processes.&nbsp;Consequently, KFIL achieved the following results:&nbsp;&nbsp;

Kirloskar Ferrous Industries Ltd (KFIL) is a leading supplier of automotive and non-automotive castings in India and abroad, with manufacturing facilities at Koppal, Karnataka, and Solapur, Maharashtra. The company produces grey and S.G. iron castings for various applications, including cylinder blocks, cylinder heads, and housings for automobiles, tractors, and diesel engines. The casting industry, of which KFIL is a part of, is characterised by very poor (daily) on-time delivery (OTD). Therefore, to offset the high lead time and unreliable deliveries, <a target="_blank" rel="noopener noreferrer" href="https://www.vectorconsulting.in/en/research-and-publication/articles/an-sos-for-the-oems/">OEMs</a> must maintain huge inventories at their end (20-30 days).&nbsp;KFIL partnered with Vector Consulting Group, to introduce a system of small-batch production system, improving its ability to respond to customers’ consumption patterns and deliver according to their requirement. The company also revamped its New Product Development (NPD) processes.&nbsp;Consequently, KFIL achieved the following results:&nbsp;

Learn how Kirloskar Ferrous (KFIL) achieved 100% daily OTD, boosted production by 30%, and cut NPD lead time from 270+ to 60 days.