Consulting Services for Equipment Manufacturing Companies
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:
Operations
Our Offer
More than
95%
increase in on-time delivery
Upto
50%
Reduction in
lead time
Upto
40%
Increase in
plant output
Upto
20%
Reduction
in inventory
Reduction in expediting
Costs
like overtime and emergency freights
Improved
cash-to-cash cycle
Being part of a cyclical industry, means that typically, most equipment manufacturing companies go through periods of ‘flood’ and ‘famine’. During a flood (when the market is booming and backlog of orders goes up significantly), companies experience the ‘constraint’ in operations. Expediting orders to ensure timely delivery and the perennial struggle for matching components on the shop floor lead to significant wastage of capacity and month end skew in equipment production. These prevent a company from exploiting its operational assets to its full potential.
Vector offers consulting services to help equipment manufacturing companies reduce lead time of delivery, improve delivery reliability and increase plant output. Find out how
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Sales Bandwidth
Our Offer
More than
50%
release in sales
team capacity
Increase in
rate of acquisition
of new customers
Maximising sale rate
from existing customer base
Increase in
overall enquiry base
During periods of underload on equipment manufacturing plants, the pressure on operations teams dips while the pressure on the sales teams (to procure orders) increases. Sales teams are often unable to respond fittingly to the challenge as they lack the bandwidth to expand their efforts in the market. The sales teams’ energies, which ideally should be used to develop customers are mostly consumed by transactional activities associated with existing customer orders.
With the help of Vector’s consulting services, equipment manufacturing, or custom manufacturing companies can increase bandwidth and improve effectiveness of their sales teams.
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Spares and Services
Our Offer
Enhance to near
100%
Availability of Spares at Point of Sale
By Around
25%
Reduced Inventory in Supply Chain
Upto
50%
Turn Around Time at Service Centres
More than
90%
Increase on time
Service Performance
More than
20%
Increase in spares sales
One of the ways equipment manufacturing companies can expand market share in many equipment categories is by improving availability of spares for equipment under breakdown and rapid resolution of service issues. This is because equipment uptime is critical for customers. However, ensuring availability of equipment spares for service is a major challenge for companies considering the enormous variety of parts involved. To complicate things further, some of the equipment parts are in frequent demand while others, often called “stranger” parts, are needed infrequently. Consequently, when companies try to improve sales and service, they suffer the downside of cash being tied up in slow-moving inventory.
Vector offers consulting services to equipment manufacturing companies to help them manage spare parts availability without increasing inventory
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New Product Development
Our Offer
Upto
50%
Reduced Project
Lead Time
Upto
50%
Increased Output from
Existing Resource Base
Reduced Rework
Improved
Quality of Output
Rapid
Mass Production
Stabilisation
Reduced Stress
on People and Resources
Creating new equipment and new variants of equipment is challenging for the new product development departments of equipment manufacturing companies. In addition to the fact that R&D is inherently uncertain, enormous workload and heavy dependence on external suppliers make the task more difficult. Added to this is the complexity of being forced to multitask across the initial stages of projects and the emergent residual work on equipment variants for which customer orders have been secured. Consequently, equipment manufacturing companies have to routinely contend with rework, delays in product stabilization, delays in launch of new equipment and post launch quality complaints.
Vector offers equipment companies or other custom manufacturing companies consulting and implementation services which can stabilize operations in R&D units and increase the companies’ output and reliability.
Know more about how Vector’s consulting services can enable equipment manufacturing companies to tackle the problems of chronic delays and poor output in new product development.
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Case Studies
Discover how Vector’s consulting services enabled organizations like Kirloskar Oil Engine, Godrej & Boyce and many others to transform their operations using “pull” systems of Theory of Constraints and secure for themselves a competitive advantage in their markets.
Clients
We have partnered with major names in the equipment manufacturing industry to create and implement radical solutions which have redefined industry benchmarks. These names include:






