Kirloskar Oil Engines Ltd - New Product Development

Kirloskar Oil Engines Ltd. | Accelerating new product development (NPD)

Kirloskar

The company’s transformation: Customer on-time delivery is now 100%, and NPD lead times slashed massively.

Kirloskar Ferrous Industries Ltd - New Product Development

Mr. R.V. Gumaste, Managing Director, discusses how Kirloskar Ferrous Industries Ltd (KFIL), successfully unlocked the full potential of their operations and sustained excellence over the last 7 years.

Kirloskar Ferrous Industries Ltd - Transforming Foundry Operations & Sustaining Excellence

Vector’s unique solutions for auto OEMs and auto components manufacturers help them overcome constraints that hinder their organizational performance in new product development, manufacturing, distribution and sales.&nbsp;Over the years, Vector has worked with companies like Tata Motors – Commercial Vehicles (Spare Parts &amp; Services Division), Ashok Leyland, International Tractors Ltd. (Sonalika Tractors), Fleetguard Filters, JK Fenner (India) Ltd., TVS Motors and Royal Enfield to set new industry benchmarks in operational performance in different areas of business.

We offer consulting services to organizations engaged in manufacturing and distribution of automobiles or auto components. Our consulting methodology focuses on identifying the leverage point of an organization for intervention.

Auto OEMs & Auto Components Consulting Services

Auto OEMs, auto part manufacturers and auto aftermarket players constantly struggle with the auto industry's highly cyclical nature, i.e. an economic boom is generally accompanied by high sales, while sales usually suffer during economic downturns.

industries

Auto and Auto Components

Vector’s unique solutions for auto OEMs and auto components manufacturers help them overcome constraints that hinder their organizational performance in new product development, manufacturing, distribution and sales.&nbsp;&nbsp;Over the years, Vector has worked with companies like Tata Motors – Commercial Vehicles (Spare Parts &amp; Services Division), Ashok Leyland, International Tractors Ltd. (Sonalika Tractors), Fleetguard Filters, JK Fenner (India) Ltd., TVS Motors and Royal Enfield to set new industry benchmarks in operational performance in different areas of business.

*For the purpose of comparison, long-term and platform projects depending on effort and complexity, are considered to be in multiples of short-term projects.   

From a business standpoint, New Product Development (NPD) is crucial for the growth of Kirloskar Oil Engines Ltd. However, as in most NPD organisations, the enormous workload, high uncertainty, and heavy dependence on external suppliers made NPD challenging. The process was riddled with frequent rework, delays in parts development, and production stabilisation. By applying the principles of flow of projects in the funnel rather than focusing on individual projects, the division was able to break out of a vicious loop of delays and capacity wastage. &nbsp; &nbsp;: Within one year of implementation, the following significant benefits were realised:&nbsp;

From a business standpoint, New Product Development (NPD) is crucial for the growth of Kirloskar Oil Engines Ltd. However, as in most NPD organisations, the enormous workload, high uncertainty, and heavy dependence on external suppliers made NPD challenging. The process was riddled with frequent rework, delays in parts development, and production stabilisation. By applying the principles of flow of projects in the funnel rather than focusing on individual projects, the division was able to break out of a vicious loop of delays and capacity wastage. &nbsp; &nbsp; Within one year of implementation, the following significant benefits were realised:&nbsp;

Discover how Kirloskar Oil Engines (KOEL) transformed its New Product Development (NPD), cutting project lead times by over 50% and boosting sales contribution to ~20%.