Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Stock Report

| More

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

Posted On: 2019-09-20 09:07:31

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.

Shares of BAJAJ ELECTRICALS LTD. was last trading in BSE at Rs.375.25 as compared to the previous close of Rs. 391.9. The total number of shares traded during the day was 6053 in over 369 trades.

The stock hit an intraday high of Rs. 391.7 and intraday low of 374.2. The net turnover during the day was Rs. 2291195.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Ambuja Cements Ltd Q3 CY2019 PAT at Rs. 385.09 crore

SNL Bearings Ltd Q2 net profit declines to Rs. 1.28 crore

Sacheta Metals Ltd Q2 PAT at Rs. 0.41 crore

Sasken Technologies Ltd reports consolidated PAT of Rs. 22.74 crores in Q2 FY 2019-20

TVS Motor Company launches TVS Racing Performance Gear at MotoSoul 2019

Info Edge India Ltd to invest Rs. 1.5 crore in LegitQuest

Responsive Industries Ltd launches IMPACT Carpet Touch®

LTI to acquire Powerupcloud Technologies

IndiGo inaugurates flights to Ho Chi Minh City, its 2nd destination in Vietnam

Lupin's Nagpur facility receives EIR from the U.S. FDA

Indoco's Clinical Research Organisation receives zero 483s from USFDA

Sundaram-Clayton Ltd Q2 consolidated PAT jumps to Rs. 149.77 crore

Alicon Castalloy announces Q2 FY20 Earnings

DFM Foods Ltd expands capacity to 48400 MT

ARSS Infrastructure Projects Ltd's JV bags order from CONCOR

QGO Finance Ltd reports PAT of Rs. 0.14 crore in Q2

L&T to acquire Old Lane stake in L&T Infrastructure Development Projects Ltd

ICRA reaffirms long term rating of The Indian Card Clothing Company Limited

Quick Heal Technologies Limited receives Patent for its Signatureless Behaviour-based Detection Technology

Apollo Micro Systems Ltd to acquire 51% in Ananya SIP RF Technologies Pvt Ltd

JSW Steel Ltd raises Rs. 2000 crores through NCDs

Infosys Accelerates Digital Transformation for Enterprises with Oracle Cloud

IndoStar Capital Finance Limited updates on liquidity position

CARE places ratings of JSW Energy Ltd group on rating watch with negative implications

Patel Engineering Ltd allots 22,33,29,786 rights equity shares

Amber Enterprises India Ltd increases stake in Ever Electronics Pvt Ltd to 70%

Indiabulls Housing Finance Ltd issues offer to debenture holders of NCDs maturing in November, December for pre-mature redemption

LTI Constant Currency Revenue growth up 11.9% YoY

Patel Integrated Logistics Ltd board approves rights issue

Cipla acquires novel anti-infective Elores to further antimicrobial stewardship in critical care in India

I S T Ltd Board approves Sub-division of equity shares

CRISIL reaffirms long-term rating of Indiabulls Housing Finance Ltd

DIL Limited is now Fermenta Biotech Ltd

Jay Bharat Maruti Ltd Q2 consolidated PAT drops to Rs. 3.76 crore

Larsen & Toubro Infotech Ltd board declares first interim dividend of Rs. 12.50 for FY2019-20

Hero MotoCorp announces 5th edition of The Hero Campus Challenge

ZEE Entertainment posts strong performance in a challenging environment

Shemaroo Entertainment Ltd to raise Rs. 250 crores

Larsen & Toubro Infotech Ltd to acquire PowerupCloud

CARE A+ rating assigned to JMC Projects' NCD issue

Brickwork Ratings assigns credit ratings to Vikas EcoTech Ltd

Shemaroo Entertainment Ltd Q2 FY 2019-20 consolidated net profit at Rs. 19.49 crores

ZEE Entertainment Enterprises Ltd posts consolidate PAT of Rs. 413.23 crores in Q2

Larsen & Toubro Infotech Ltd Q2 consolidated PAT at Rs. 360.1 crore

Cyient Ltd announces Q2 FY2019-20 results

TVS Motor Company's EBITDA increased from 8.6% in Q2 of FY 2018-19 to 8.8% in Q2 of FY 2019-20

Mastek Ltd Q2FY20 Total Income at Rs 252.7 crore

Ind-Ra affirms India Glycols Ltd's long-term rating

AksharChem India Ltd announces shutdown of Vinyl Sulphone plant for repairs and maintenance

FDC Ltd to acquire 'ENTEROPLUS' from GlaxoSmithKline Pharmaceuticals Ltd

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019