Lisiting of Vishwaraj Sugar Industries Ltd. At BSE On Successful Completion of its IPO-Tourism Australia invites Indians to ‘Experience the game and beyond’ at the ICC T20 World Cups in 2020-Mercedes-Benz commences its product offensive; Introduces for the first time in India the iconic 'G-Class' in its new guise- The 'G 350 d'-Xiaomi India to plant over 1.8 lakh trees in partnership with Sadhguru’s initiative Cauvery Calling-MEDSCAPEINDIA 8TH AWARDS NIGHT MUMBAI-NORTH BOMBAY SARBOJANIN DURGA PUJA SAMITIS MAHA ASHTAMI PUJA-DADASAHEB PHALKE AND PADMA VIBHUSHAN AWARDEE BOLLYWOOD STAR ICON ASHA BHOSLE AWARDED HONORARY DOCTORATE AS UNIVERSITY OF SALFORD STRENGTHENS INVESTMENT IN INDIA-Japan’s Nippon Life Insurance, announces the integration of Nippon India Mutual Fund (erstwhile Reliance Mutual Fund)-BALKRISHNA INDUSTRIES LIMITED (BKT) SCORES GLOBAL AGREEMENT WITH SPANISH FOOTBALL LEAGUE LALIGA-India’s premier Islamic travel show for Hajj, Umrah, Ziyarat and Halal travel operators and travel agents across India "Islamic Travel Mart" returns for its second edition at WTC, Mumbai-Child’s organs save life of 60 year old man at Aster CMI Hospital-Bunts Sangha’s S M Shetty International School and Junior College students visit Aarey Tribal Community-SPEAK AND GROW TO PRESENT IN FRONT OF 300 INTERNATIONAL SCHOOLS AT THE INTERNATIONAL SCHOOL AWARDS DUBAI-Ayushmann Khurrana is ‘Breaking Bald’ in Bala’s Don’t Be Shy and is loving it-Global Leader UFI Filters Group Opens its 18th Industrial Site Worldwide: SOFIMA FILTERS INDIA PVT. LTD.-Diwali For All” a Jaiswal Youth Federation (JYF) an initiative, aims to light up the festive season for the underprivileged ones-Actress Shanthipriya embraces the Indian festivity in her traditional best-Launch of luxurious brand - Resha Interior and Decor by Brand Ambassador Gurmeet Kaur Sidhu-Cinema proves effective weapon against world hunger-DISCOVERY SPORT AND RANGE ROVER EVOQUE GEAR UP TO AMAZE MUMBAI

Bajaj Electricals Limited receives 2019 ASCM Corporate Award of Excellence for Advance Supply Chain Industry

(L-R) Mr. Firoz Khan, Senior Consultant, Vector Consulting Group & Mr. Amit Bhalla, Sr. GM and Head - Strategy, Bajaj Electricals Ltd.-By Sachin Murdeshwar GPN(L-R) Mr. Firoz Khan, Senior Consultant, Vector Consulting Group & Mr. Amit Bhalla, Sr. GM and Head - Strategy, Bajaj Electricals Ltd.-By Sachin Murdeshwar GPN
(L-R) Mr. Firoz Khan, Senior Consultant, Vector Consulting Group & Mr. Amit Bhalla, Sr. GM and Head - Strategy, Bajaj Electricals Ltd.-By Sachin Murdeshwar GPN

(L-R) Mr. Firoz Khan, Senior Consultant, Vector Consulting Group & Mr. Amit Bhalla, Sr. GM and Head – Strategy, Bajaj Electricals Ltd.-By Sachin Murdeshwar GPN

Screenshot_20190919_170647Screenshot_20190919_123005MUMBAI, 19 SEPTEMBER, 2019 (GPN): Bajaj Electricals Ltd., India’s leading consumer durable and lighting company has been announced today as the recipient of the 2019 Award of Excellence – Corporate Transformation from the Association for Supply Chain Management (ASCM), the global leader in supply chain learning, transformation, innovation, and leadership. On behalf of Bajaj Electricals Limited, Mr. Amit Bhalla, Sr. GM and Head – Strategy received the award at the ASCM 2019 conference in Las Vegas.

Commenting on the recognition Mr. Anuj Poddar, Executive Director, Bajaj Electricals Limited said, “We are delighted to win the coveted award of Excellence – Corporate Transformation at the Association for Supply Chain Management (ASCM) forum. I would like to take this opportunity to congratulate our teams at Bajaj Electricals and our partners in this journey, the Vector Consulting Group team. Our partnership with the Vector Consulting Group is a shared pursuit of creating unique supply chain capabilities that have helped us deliver game-changing solutions.”

Bajaj Electricals Limited is the leader in small appliances, lighting, engineering and infrastructure projects. More than half of its revenue comes from its consumer products division, where manufacturing takes place at three different units with components sourced from 60 national and 55 international suppliers. This business model led to several challenges, including price undercutting, cross-market infiltration, and poor product availability.

By following ASCM global standards, Bajaj Electricals was able to analyse, optimize and implement an end-to-end supply chain transformation. In fact, with the help of its partner, Vector Consulting Group, the company configured an entirely new supply chain to reduce replenishment lead times and increase supply reliability.

“It is a great honour to receive this award”, said Mr. Puneet Kulraj, Director, Vector Consulting Group. “This award is a testament of our implementation at Bajaj Electricals and our team’s passion to deliver unique supply chain capabilities. This prestigious recognition is an acknowledgment of BEL’s efforts towards successfully implementing pull-based distribution.”

Today, Bajaj Electricals has slashed delivery lead times by 75 percent, achieved a 21 percent growth in sales, while holding 23 percent less inventory. Company leaders also report noteworthy cultural benefits, such as higher-quality relationships among departments, distributors and suppliers. In addition, employees now work with little intervention from senior management and spend more time focusing on continuous improvement initiatives.

The ASCM Award of Excellence – Corporate Transformation recognizes an organization’s transformation that elevates its business as a result of leveraging ASCM global standards, products, services and resources; the APICS body of knowledge; or the Supply Chain Operations Reference (SCOR) model.

Together, ASCM and its partners aim to help motivated individuals in the supply chain profession, and those interested in pursuing a career in supply chain, expand their knowledge and capabilities through learning, certification, networking and other professional development opportunities.

About Bajaj Electricals Limited:

Bajaj Electricals Limited, a trusted Indian company is a part of “Bajaj Group”. A globally renowned company, Bajaj Electricals is one of India’s Leading Consumer Products and EPC companies. Its business comprises: Consumer Products (Appliances, Fans, Lighting) and EPC (Illumination, Transmission Line Towers and Power Distribution). The company has 20 branch offices and 500+ Consumer care centres spread in different parts of India. To know more about Bajaj Electricals Limited, please visit our websitewww.bajajelectricals.com

About the Author

Sachin Murdeshwar
Sachin Murdeshwar is a Sr.Journalist and Columnist in several Mainline Newspapers and Portals.He is an ardent traveller and likes to explore destinations to the core.

Be the first to comment on "Bajaj Electricals Limited receives 2019 ASCM Corporate Award of Excellence for Advance Supply Chain Industry"

Leave a comment

Your email address will not be published.


*