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 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 variable demand 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 patterns.”
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 discerning and 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 African and South East Asian countries.