Pharma labs often need help with non-conformances, which hurts their business significantly.
Over time, they have only been able to make minor tweaks in their processes, but they have not yet zeroed in on the core problem – Cognitive Overload.
Achal Saran Pande, Partner,
Today, data is revered. But we often forget that decisions are influenced by our perceptions, biases, & the way we interpret data.
Read to know how to think analytically & use available data appropriately.
#Consulting
#DestressToDeliver
#DecisionMaking
Why do some Critical Chain Project Management (CCPM) initiatives not meet their performance benchmarks?
Despite numerous global implementations, a substantial number fail to achieve noticeable lead time reductions or inventory and output gains. Yet, others report significant
International Tractors Ltd, manufacturer of Sonalika, an iconic brand, achieved a remarkable 99% manufacturing productivity rate and a manufacturing lead-time reduced to just a day!
Read the case study to know how.
#ManufacturingExcellence
#Innovation
In this episode with Visu, a senior consultant at the Vector Consulting Group, we discuss the most important aspects of implementing an idea or a solution and how we overcome the challenges that come our way
#podcast
#challengethestatusquo
Reliance on rolling forecasts has it’s perils. It can lead to excess inventory, wasted space & last-minute scramble for essential items. A demand-pull approach offers a leaner, smarter operation. Know more:
#Consulting
#DestressToDeliver
#Manufacturing
Is there a way for
#pharma
labs to identify the true root cause of their quality issues, bring down quality-related inconsistencies and keep companies ‘inspection ready’ at all times? Find out
#Pharmaceutical
#destresstodeliver
#laboratory
Most consumer goods companies believe that direct distribution to a large mass of small retailers in India is unviable. View this video to see how, contrary to expectations, direct distribution to this segment can be extremely profitable.
#Antithesis
At
@VectorConsultin
, we wanted to create an organisation which is open to diverse ideas and encourages fearless innovation. Watch this video to know how we have made this possible by removing the typical command control hierarchy.
#consulting
#fearless
In the diverse landscape of product offerings, it's observed that a mere 20% of SKUs can contribute to 30-40% of a company's sales. The remaining sales trickle in from the 'long tail' of numerous other SKUs with less consistent demand, creating complex challenges for production
Struggling with delays and coordination issues in New Product Development (NPD) for auto components? Discover four simple rules that can boost productivity and efficiency. Check out this blog!
#AutoComponents
#NPD
#ProductivityBoost
#productivity
Drowning in back-to-back meetings with little to show for it? It's time for a change.
In this podcast episode, we dive deep into transforming the meeting culture in organizations
Listen in to know how to enhance the productivity of your meetings and
Most Tier 1 suppliers of OEMs are stuck between seemingly capricious expediting demands OEMs make on them and their helplessness to expedite their own suppliers! Understand the crux of this conflict and solve it at its root. Find out how
#auto
#Automotive
Discover strategies for generic drug producers to optimize new drug releases in sync with patent expirations
With the FDA accelerating approvals, new launches are crucial for growth and offsetting the intensified price decline post-patent expiration.
Most companies in manufacturing face the problem of month end skew in production and dispatches which in turn leads to wastage of working capital. At the core of the issue is the monthly planning systems used by these companies.
Understand how planning methods itself can lead to
What are the underlying reasons for quality problems and inconsistencies in pharmaceutical laboratories? The major reasons for FDA warning letters are CAPA failures, which are often a result of a failure of root cause analysis. The popular techniques
In India, many
#textile
giants have ventured into
#distribution
, brand building &
#retailing
with hopes of striking gold. But the reality? High
#inventories
, heavy write-offs & sizable markdowns. But it's not all gloom - there's a way out. Learn how
Companies adopt ERP systems to synchronize departmental functions and attain unified business objectives. Yet, these goals frequently remain unmet due to isolated requirement gathering during implementation, resulting in overly complex systems, excessive customization, escalating
Most managers tend to be 'selectors' who judge the team on outcomes! But subordinates prefer to work with 'coaches' who believe in them & help them grow. Being a coach is harder but the preferred leadership style. Click to know more
#team
#work
#selector
Discover the unique process we've designed to address risks in long-term transformation projects. Transparent, implementation-focused consulting that prioritizes your success. Stay tuned for more details
#ManagementConsultancy
#BusinessTransformation
In our ongoing pursuit of excellence, we recently conducted a learning session for consultants in our sales and distribution practice, with a primary focus on the Strategy and Tactics tool. This powerful resource is utilised for presenting and discussing solution designs with our
Kirloskar Oil Engines Ltd. (KOEL) is a leading Diesel Engine and Generator Set (Gen-set) manufacturer. The service centers of the company faced severe parts availability issues and could not complete service within the promised 2 days. Procuring and producing as per forecasts had
Real estate companies are almost always under pressure with project delays being the norm than the exception. However, they can rise above the challenges that lead to these chronic delays. Find out how companies can improve the IRR in projects.
& IIMA report highlights that online shopping in tier II-IV cities is 77% more than in tier 1 cities. Clearly, a lot of potential in tier II-IV towns which is currently unmet by brick-and-mortar retail. Read to know how.
#retail
We're thrilled to announce that Mayuresh has become a Partner by walking The Vector Way. Congratulations Mayuresh, on this well-deserved achievement. We wish you all the best and look forward to celebrating many more successes with you.
#ConsultingExcellence
India possesses strong advantages, including a reputation for quality compliance, regulatory adherence, and superior technical skills. The government has been actively supporting the growth of API manufacturing. However, this is not enough. To revive India's API industry, a
Indian textile companies have strong brands but face severe pricing pressures from their key customers - retail brand companies in India & abroad. They can use domestic distribution to improve profitability. Know how:
#TextileIndustry
#DestressToDeliver
Turnkey project companies believe that project delays are mostly due to issues beyond their control. But these projects can be delivered on or ahead of time by addressing internal inefficiences.
Know how:
#vectorconsultinggroup
#destresstodeliver
Is your New Product Development (NPD) process plagued by delays and coordination challenges? Learn about the four rules that can revolutionise your auto component development and increase productivity.
#NPDChallenges
#AutoIndustry
#autocomponents
In the world of project management, the longest path often takes centerstage, driving timelines and priorities. However, what happens when you're juggling multiple projects with shared resources? The longest path theory may not be the silver bullet it seems.
In this article we
At Vector, we believe in logical critiquing, regularly questioning hidden assumptions & the validity of our arguments to challenge the status quo and deliver innovative solutions. Where there’s your point of view, there’s
#TheVectorWay
Know more:
Discover why large batch production from batching machines feeding multiple production lines can cause uneven 'lean' and 'peak' production periods, resulting in capacity waste.
Explore the solution at
#BatchingChallenges
#LeanManufacturing
Well-intentioned decisions & initiatives of CEOs & Top Management can de-rail the benefits brought about by transforming a system based on flow principles. Find out the do’s and & don’ts to sustain these benefits.
Our decision making process is inevitably subject to bias even if we have access to all necessary data. For example, blind faith is a much loved hypothesis. Our mind hides all effects which contradict it and highlight the ones that confirm it. Fortunately, the mind can be trained
Traditional CCPM plan assumes task-level buffers and no buffers at the project level. Often, the 'cut by half' rule is the go-to solution, which can be highly erroneous. Know how to avoid this error
#ProjectManagement
#CCPM
#DestressToDeliver
The senior management of J.K. Fenner (India) Ltd, the market leaders in mechanical power transmission & sealing solutions, share the remarkable results they achieved by creating an agile supply chain using the principles of Theory of Constraints.
Find out how Kirloskar Oil Engines Ltd. (KOEL), a leading Diesel Engine & Generator Set manufacturer was able to offer guaranteed availability of spares & realize substantial financial benefits.
#procurement
#distribution
#availability
Two types of rework prolong Software Development lead time - Type A: Rework & interruptions due to afterthought & misses & Type B: Value-adding rework. Both can be either avoided or minimised.
Find out how:
#vectorconsultinggroup
#softwaredevelopment
Adopting numerical distribution will prevent small retailers from being vulnerable to fake suppliers. Watch Puneet Kulraj, Co-founder & Director of Vector Consulting Group, explain how full retail coverage nationwide can be achieved
#distribution
#growth
Excited to announce our partnership with TIS Inc, a subsidiary of $4B Japanese tech company TIS INTEC. Our combined expertise in management consulting and tech will help us expand in the Asia-Pacific region. Read more:
#vectorconsultinggroup
#TIS
#tieup
At Vector you grow your own pace. We have skill-based promotions, self rated increments, and personalised leaves, you can organize your development
The Vector way of working is individualised, democratic and liberating
Join us and rise
#TheVectorWay
Why should leaves be categorized and limited when life is not? That's why we don't have a 'leave policy'. We empower you to plan your leaves to balance your work and life priorities. So, you stay in charge. Where there's your life, there's
#TheVectorWay
.
Know more:
We are happy to announce our strategic alliance with TIS Inc., a major tech co. based in Japan. TIS Inc. is a subsidiary of the TIS INTEC Group, which is listed on the Tokyo Stock Exchange & has a market value of $4 Bn.Know more
#alliance
#tech
#strategic
Discover why large batch production from batching machines feeding multiple production lines can cause uneven "lean" and "peak" production periods, resulting in capacity waste. Explore the solution at
#pullsolution
#production
#destresstodeliver
Tune in to our ongoing podcast series, Counterpoint, & know how we created innovative solutions for complex problems in supply chain, sales & distribution, thinking process & other complex topics.
#Counterpoint
#VectorConsultingGroup
#Podcast
At Vector, we wanted to create an organization which is open to diverse ideas and encourages fearless innovation. Watch this video to know how we have made this possible by removing the typical command control hierarchy.
#vectorconsultinggroup
There couldn't have been a more fitting topic to commemorate the 50th episode of the Counterpoint Podcast.
In the previous episode, we delved into how Vector ensures flawless implementation and execution of solution elements for our esteemed clients. In this episode, we unveil
Operations management theory's assumption that on-time delivery, ensuring plant utilization & minimal WIP (or lead time), cannot simultaneously be achieved has been invalidated. Read this research paper on drum-buffer-rope (DBR) to know more.
#operations
Our ongoing podcast series, Counterpoint, dives deep into each aspect that prevailed in the industry and re-evaluates it. Check out our thought-provoking industry-changing insights on
#Counterpoint
#Podcast
#ChallengeTheStatusQuo
Launching a new product? Don't overlook the importance of a successful launch strategy! Did you know that even revolutionary products can fail?
Product failures in the market create a vicious cycle for companies. When launches fail, there is greater pressure to take up more new
It's well known that traditional appraisal systems trigger unhealthy internal competition which comes in the way of effective collaboration; but how can a company drive and reward individual merit without it?
To know more, click on the link below: -
Our podcast series, Counterpoint, explores new perspectives & challenges conventional beliefs in the industry.
Listen to stimulating and game-changing insights on
#Counterpoint
#Podcast
#ChallengeTheStatusQuo
Think direct distribution to India's small retailers is unfeasible? Think again! Learn how this conventional wisdom of consumer goods companies is wrong and why going direct can actually be very profitable.
#consumergoodsindustry
#distribution
#fmcg
95% of over 30,000 new product launches annually fail. Ensure your product launch's success with a fast supply chain & distribution scaling, consistent POS availability, and flexible adjustments. It's easier said than done, but crucial for success.
Counterfeit goods keep spreading in the country despite company & law enforcement efforts. Existing company practices like not dealing directly with small retailers & relying on wholesalers has hindered their anti-counterfeiting efforts.
BUSIER does not necessarily mean MORE OUTPUT! Increasing productivity takes a clear understanding of WHAT NOT TO DO along with WHAT TO DO. Read about simple tactics to improve your productivity based on this insight.
#productivity
#management
#multitasking
We are happy to announce the opening of our 1st international office in Jakarta: Vector Consulting Group - Indonesia. We thank our clients & our team for being a part of this journey. Visit us
#newoffice
#jakarta
Remembering
#Eliyahu
M. Goldratt on his birthday. We at Vector firmly believe that the quest Dr. Goldratt began, to help find solutions to complex management problems, using the scientific method, is ongoing. As long as the quest is on, his legacy lives on.
Organizations often exhibit dysfunctional behaviour as departments work at cross-purposes, diverting from the ultimate goal of making money. Sales and production departments are particularly susceptible due to conflicting priorities. Learn more
#future
By 2030, the target for solar energy in India is a whopping 300 gigawatts, equivalent to India's entire electricity production in 2018-19. Borosil Renewables Ltd. bringing in innovation in its approach to custom manufacturing and building for itself a customer centric approach
Fleetguard Filters is well known to have brought about disruptive change in the auto industry. Find out the key to the success of such transformation projects from Niranjan Kirloskar, Managing Director
#vectorconsultinggroup
#destresstodeliver
At Vector, you control your growth. From skill-based annual increments to your promotions. Our company’s systems are tailored so that you stay in charge. We believe the power to reach your goals, should be with you
Join us & grow
#TheVectorWay
Know more:
Time to change the project landscape in India!
Break the industry norm of delays. Turnkey project companies should take responsibility of internal inefficiencies too, revolutionizing project delivery deliveries.
Know how.
#DestressToDeliver
In the second episode of Counterpoint podcast, Satyashri Mohanty, dubbed "The Coach" at Vector Consulting Group, explains one of the facets of Vector's Thinking Processes - Deep Causal Thinking.
#podcast
#coach
#innovations
#management
#Philosophy
According to MOSPI, of the 1438 projects valued @ Rs. 150 Crs. or more, 835 have time overruns, 343 have cost overruns. Total value of just these 343 projects is a whopping Rs. 4.5 Lac Crs. Such delays & cost overruns are now a recurring story.
#featured
We are delighted to share that Vector Consulting Group has received the prestigious Great Place to Work® award from the Great Place to Work® Institute. We would like to express our sincere gratitude to everyone who contributed to this achievement
We are now back with Season 2. In this episode, we will examine the mystery behind new product failures, identify the core conflict underlying them and discuss steps to enable the success of every new product or service you launch.
#vectorconsultinggroup