This document summarizes interviews with the chairman of Maruti Suzuki India Limited, R.C. Bhargava, about how the company is dealing with the economic slowdown. Bhargava discusses strategies like implementing ideas from employees to reduce excess weight from components, adjusting production levels based on demand, and continuing innovation by launching new models like the A-Star despite the challenging environment. He notes that Maruti Suzuki is in a stronger position than many global auto companies due to healthy cash reserves and a focus on the domestic market. Bhargava believes that market leaders must continue innovating in difficult times to remain competitive.
This document provides an executive summary and details of an MBA project report on HR policies at Maruti Udyog Limited. It discusses Maruti's history and milestones since being incorporated in 1981 as a joint venture between the Indian government and Suzuki Motor Company of Japan. Key facts about Maruti's facilities, leadership in the Indian automobile market, and popular car models are summarized. The document also outlines the report's contents which cover topics such as Maruti's HR policies, research methodology, data analysis and conclusions.
Demand Estimation of Maruti Suzuki SwiftKaran Jaidka
The document discusses demand estimation for Maruti Suzuki's Swift model using regression analysis. It first provides background on linear regression models and definitions of key terms used in regression like the correlation coefficient, R2, adjusted R2, and F-statistic. It then describes applying a multiple linear regression model to estimate Swift demand based on explanatory variables and using the ordinary least squares method to obtain coefficient estimates.
The use of historic data to determine the direction of future trends. Forecasting is used by companies to determine how to allocate their budgets for an upcoming period of time. This is typically based on demand for the goods and services it offers, compared to the cost of producing them.
The document is a research report that compares the marketing strategies of the Hyundai Santro and Maruti Suzuki Zen automobiles in Bareilly City, India. It includes an introduction to Maruti Suzuki and Hyundai as well as the Zen and Santro models. The report contains sections on objectives, methodology, data analysis, findings, limitations, suggestions, and conclusions. It was submitted in partial fulfillment of an MBA degree and supervised by an assistant professor.
Strategy management grup 1 Astra InternationalsRizky Pratama
This document discusses vision statements, mission statements, and strategies used by organizations. It provides examples of vision and mission statements from Ikea and Nike. Vision statements define goals and aspirations while mission statements explain the organization's purpose and objectives. Strategies are plans to achieve goals and involve setting objectives, determining actions, and allocating resources. The document also discusses how statements and strategies are used to motivate teams and provide direction for organizations.
Project by saurabh gupta on maruti suzuki india ltd.(1)Vinay Jeengar
This document provides an overview of the Indian automobile industry. It discusses key trends in recent years, including overall growth rates for different vehicle segments. Some of the major players in different segments are highlighted, with Maruti Suzuki and Hero Honda noted as the leading manufacturers in passenger cars and motorcycles respectively. Challenges in 2008 from the global recession are outlined, with most companies seeing sales declines that year. The road ahead is discussed, with expectations for continued overall industry growth in 2009 despite economic headwinds.
Maruti Suzuki India Ltd Financial Statement AnalysisMaruthi Nataraj K
Maruti Suzuki India Ltd Financial Statement Analysis
We have considered Tata Motors in whole as its competitor but it is advised to take the related segments for better results.
This document provides an overview of a project on Maruti Suzuki's segmentation and sales trends. It includes a declaration signed by the students, an acknowledgment of those who helped with the project, and an executive summary that outlines the objectives to analyze Maruti Suzuki's segmentation of cars, the effect on customers, and study sales trends based on primary and secondary data collection and analysis.
This document provides an executive summary and details of an MBA project report on HR policies at Maruti Udyog Limited. It discusses Maruti's history and milestones since being incorporated in 1981 as a joint venture between the Indian government and Suzuki Motor Company of Japan. Key facts about Maruti's facilities, leadership in the Indian automobile market, and popular car models are summarized. The document also outlines the report's contents which cover topics such as Maruti's HR policies, research methodology, data analysis and conclusions.
Demand Estimation of Maruti Suzuki SwiftKaran Jaidka
The document discusses demand estimation for Maruti Suzuki's Swift model using regression analysis. It first provides background on linear regression models and definitions of key terms used in regression like the correlation coefficient, R2, adjusted R2, and F-statistic. It then describes applying a multiple linear regression model to estimate Swift demand based on explanatory variables and using the ordinary least squares method to obtain coefficient estimates.
The use of historic data to determine the direction of future trends. Forecasting is used by companies to determine how to allocate their budgets for an upcoming period of time. This is typically based on demand for the goods and services it offers, compared to the cost of producing them.
The document is a research report that compares the marketing strategies of the Hyundai Santro and Maruti Suzuki Zen automobiles in Bareilly City, India. It includes an introduction to Maruti Suzuki and Hyundai as well as the Zen and Santro models. The report contains sections on objectives, methodology, data analysis, findings, limitations, suggestions, and conclusions. It was submitted in partial fulfillment of an MBA degree and supervised by an assistant professor.
Strategy management grup 1 Astra InternationalsRizky Pratama
This document discusses vision statements, mission statements, and strategies used by organizations. It provides examples of vision and mission statements from Ikea and Nike. Vision statements define goals and aspirations while mission statements explain the organization's purpose and objectives. Strategies are plans to achieve goals and involve setting objectives, determining actions, and allocating resources. The document also discusses how statements and strategies are used to motivate teams and provide direction for organizations.
Project by saurabh gupta on maruti suzuki india ltd.(1)Vinay Jeengar
This document provides an overview of the Indian automobile industry. It discusses key trends in recent years, including overall growth rates for different vehicle segments. Some of the major players in different segments are highlighted, with Maruti Suzuki and Hero Honda noted as the leading manufacturers in passenger cars and motorcycles respectively. Challenges in 2008 from the global recession are outlined, with most companies seeing sales declines that year. The road ahead is discussed, with expectations for continued overall industry growth in 2009 despite economic headwinds.
Maruti Suzuki India Ltd Financial Statement AnalysisMaruthi Nataraj K
Maruti Suzuki India Ltd Financial Statement Analysis
We have considered Tata Motors in whole as its competitor but it is advised to take the related segments for better results.
This document provides an overview of a project on Maruti Suzuki's segmentation and sales trends. It includes a declaration signed by the students, an acknowledgment of those who helped with the project, and an executive summary that outlines the objectives to analyze Maruti Suzuki's segmentation of cars, the effect on customers, and study sales trends based on primary and secondary data collection and analysis.
- Maruti Suzuki India Ltd (MSIL) is a subsidiary of Suzuki Corporation and has been the leader in the Indian car market for over 25 years.
- MSIL has the capacity to produce over 1.2 million vehicles annually and plans to expand capacity to 1.75 million by 2013.
- Some of MSIL's popular cars include Maruti 800, Alto, Swift, Ritz, and SX4. However, MSIL's success has become a burden as its market share is declining due to increased competition from other automakers entering the Indian market.
Management research project Maruti SuzukiPramod Patil
This document appears to be a research report submitted for a postgraduate management program. It analyzes consumer preferences for Maruti Suzuki cars in India. The report includes an index, objectives of the study, research methodology used including sample size and data collection methods, data analysis and interpretation using statistical tools like frequency distribution, crosstabs, t-tests and ANOVA. The data analysis examines factors influencing consumer preference like fuel type, attributes valued in cars, dealer expectations and offers, service center usage, banks preferred for loans, views on brand ambassadors and price perceptions. The conclusions suggest areas for Maruti Suzuki to improve based on consumer feedback.
The document provides an overview of Maruti Suzuki India Limited (MSIL) and the student's 6-week training project there. It discusses MSIL's background and facilities, the IT division structure, and quality policies. The student's project involved developing a database to manage policy schemas at MSIL under the guidance of their mentor.
This document provides an overview of the automobile industry in India and Maruti Suzuki. It discusses the objectives of studying brand awareness of Maruti Suzuki with reference to Indus Motors Pvt Ltd. It covers the introduction of automobiles globally and their growth in India. It profiles major automobile manufacturers in India, both domestic and foreign. It outlines the scope of the study as understanding factors influencing customer preference for Maruti Suzuki vehicles and their brand awareness of safety features.
A PROJECT ON MARUTI SUZUKI - BY MOHSIDA MOHAMMED MUSTAFArinurilam
This document provides an overview of the automobile industry in India and Maruti Suzuki in particular. It discusses the objectives and scope of a study on brand awareness of Maruti Suzuki with reference to Indus Motors Pvt Ltd. The automobile industry in India is one of the fastest growing manufacturing sectors and India has become an attractive market for global car manufacturers. Maruti Suzuki is the largest passenger vehicle company in India, manufacturing and selling popular models. The document outlines the industry and company profiles to introduce the topic of the study.
The Indian automotive industry has experienced significant growth over the past decade. Exports of automobiles from India surged 57% in 2008-2009, led by major exporters Hyundai and Maruti Suzuki shipping more vehicles to Europe. However, domestic sales were impacted by the economic slowdown and high lending rates. Passenger vehicle sales grew only 0.13% while commercial vehicle sales declined sharply. Two-wheeler sales also grew modestly at 2.6% due to financing issues. Going forward, demand from Europe may soften and domestic sales will depend on availability of financing and new model launches.
Security analysis report on automobile sectorRahul Hedau
This document provides a summary of key economic factors impacting the Indian automobile industry and capital markets as a whole. It discusses factors such as excess capacity, pricing pressure, financing options, advertising and income levels that influence the automobile sector. It also analyzes macroeconomic indicators, global cues, political stability, and growth prospects that impact capital markets. The document concludes with an analysis of present and future opportunities in the auto sector as well as risks, noting the sector's continued slowdown poses risks for investors.
This document provides an overview of Maruti Suzuki India Limited, including:
- Key facts about the company such as year established, joint venture partner, products offered, revenue, etc.
- Milestones in the company's development from 1981 to present.
- Details about the company's facilities in Gurgaon and Manesar.
- Mission and vision statements focusing on contributing to society through automotive manufacturing and long-term stable growth.
India’s automotive industry is well-positioned for growth, servicing both domestic demand and, increasingly, export opportunities. A predicted increase in India’s working-age population is likely to help stimulate the burgeoning market for private vehicles.
Comparison between Maruti Suzuki, Mahindra & Mahindra, Tata Motors and Toyota
This document compares the financial performance of Maruti Suzuki India Limited (MSIL) and Mahindra & Mahindra Limited (M&ML) based on their financial statements. It analyzes various ratios such as liquidity, leverage, activity and profitability ratios of both companies. Overall, MSIL has better liquidity and debt ratios while M&ML has higher returns and asset utilization. The document also discusses the core values, vision and mission of both companies.
1) Maruti Suzuki India Limited is a subsidiary of Suzuki Motor Corporation of Japan and is a leading automobile manufacturer in India.
2) It produces around 1.2 million cars annually from its two manufacturing plants and was the first company in India to roll out 10 million cars.
3) Some of Maruti Suzuki's popular models include the Swift, Ertiga, and Kizashi, with prices ranging from Rs. 4-12 lakhs. The company exports vehicles to various international markets as well.
This document provides an analysis of the balance sheet of Maruti Suzuki for the years 2009-2010. It begins with an introduction and overview of the company, including its vision, mission, market scenario, and sales analysis. Financial highlights for Maruti Suzuki from 2009-2010 are presented, including net sales, profit before tax, reported net profit, and earnings per share. The document then discusses the objectives of financial analysis and ratio analysis. It provides classifications and calculations of various ratios to analyze Maruti Suzuki's profitability, liquidity, activity, and leverage. The conclusion indicates that the report gives a complete financial analysis of Maruti Suzuki for five years through the use of ratio analysis.
This document provides an overview of a project report on sales and marketing at Maruti Suzuki NEXA. It discusses the objectives of studying consumer perception of Maruti Suzuki NEXA vehicles and suggesting sales promotion techniques. It provides background on Maruti Suzuki and the introduction of the NEXA brand which aims to target premium customers. The report examines the automobile sector in India before and after Maruti Suzuki and provides details on the NEXA brand experience which focuses on hospitality factors to differentiate it from other dealerships.
The document provides an overview of Tata Motors Limited, which was formerly known as TELCO and is India's largest automobile manufacturer. It discusses that Tata Motors was established in 1945 and began manufacturing locomotives before expanding into commercial vehicles and passenger cars. The summary also notes that Tata Motors is part of the large Tata Group conglomerate and is one of the world's largest manufacturers of commercial vehicles.
A Study of Customer Service at Maruti Suzuki Bhavesh Dorwani
The automobile industry is important to India's economy, representing 6% of GDP and 22% of manufacturing GDP. Maruti Suzuki dominates the passenger car market with a 75% share. Maruti was founded in 1981 as a joint venture between the Indian government and Suzuki Motor Corporation of Japan. It launched its first model, the Maruti 800, in 1983. Today Maruti offers customer service programs like free services, extended warranties, and roadside assistance to increase its service network across India. A 2013 survey ranked Maruti as the top automaker for customer satisfaction with dealer service in India.
The document is an acknowledgement and summary of projects completed by an electrical engineering student at their training with Maruti Suzuki India Limited. It thanks various managers and senior staff at Maruti who provided guidance and support for the projects on studying vehicle manufacturing processes, a vehicle tracking system, and designing an automatic closing system for service pits to improve safety. It provides background on Maruti Suzuki as a leading Indian automaker and its partnership with Suzuki Motor Corporation of Japan. It also outlines Maruti's organizational structure and the various divisions and departments.
This document provides details about a summer report submitted by Himanshu Choumal for his Master's degree program. The report focuses on assessing industrial customers' perceptions of cars in Gwalior, India and was conducted at Maruti Suzuki. The document includes sections on declaring no plagiarism, obtaining approval from the faculty guide, acknowledging those who provided assistance or support, and preface/contents outlines. It appears to be a standard report format and submission for an academic course project.
This document discusses using bi-objective optimization to optimize a supply chain using Lingo and NSGA II. The objectives are to maximize suitable supplier selection and minimize total transportation costs. It describes the supply chain operations of a warehouse in India. Classical NSGA II and Lingo are used to generate optimal solutions for supplier selection and transportation costs. The results show Pareto optimal solutions. Suggestions are provided for improving warehouse operations and including more objectives in the optimization model.
Summer Internship project On Study of 3PLKapil Mittal
This project was basically done to find out the errors that are encountered by a logistics company and how can they overcome those error by using the required technology
- Maruti Suzuki India Ltd (MSIL) is a subsidiary of Suzuki Corporation and has been the leader in the Indian car market for over 25 years.
- MSIL has the capacity to produce over 1.2 million vehicles annually and plans to expand capacity to 1.75 million by 2013.
- Some of MSIL's popular cars include Maruti 800, Alto, Swift, Ritz, and SX4. However, MSIL's success has become a burden as its market share is declining due to increased competition from other automakers entering the Indian market.
Management research project Maruti SuzukiPramod Patil
This document appears to be a research report submitted for a postgraduate management program. It analyzes consumer preferences for Maruti Suzuki cars in India. The report includes an index, objectives of the study, research methodology used including sample size and data collection methods, data analysis and interpretation using statistical tools like frequency distribution, crosstabs, t-tests and ANOVA. The data analysis examines factors influencing consumer preference like fuel type, attributes valued in cars, dealer expectations and offers, service center usage, banks preferred for loans, views on brand ambassadors and price perceptions. The conclusions suggest areas for Maruti Suzuki to improve based on consumer feedback.
The document provides an overview of Maruti Suzuki India Limited (MSIL) and the student's 6-week training project there. It discusses MSIL's background and facilities, the IT division structure, and quality policies. The student's project involved developing a database to manage policy schemas at MSIL under the guidance of their mentor.
This document provides an overview of the automobile industry in India and Maruti Suzuki. It discusses the objectives of studying brand awareness of Maruti Suzuki with reference to Indus Motors Pvt Ltd. It covers the introduction of automobiles globally and their growth in India. It profiles major automobile manufacturers in India, both domestic and foreign. It outlines the scope of the study as understanding factors influencing customer preference for Maruti Suzuki vehicles and their brand awareness of safety features.
A PROJECT ON MARUTI SUZUKI - BY MOHSIDA MOHAMMED MUSTAFArinurilam
This document provides an overview of the automobile industry in India and Maruti Suzuki in particular. It discusses the objectives and scope of a study on brand awareness of Maruti Suzuki with reference to Indus Motors Pvt Ltd. The automobile industry in India is one of the fastest growing manufacturing sectors and India has become an attractive market for global car manufacturers. Maruti Suzuki is the largest passenger vehicle company in India, manufacturing and selling popular models. The document outlines the industry and company profiles to introduce the topic of the study.
The Indian automotive industry has experienced significant growth over the past decade. Exports of automobiles from India surged 57% in 2008-2009, led by major exporters Hyundai and Maruti Suzuki shipping more vehicles to Europe. However, domestic sales were impacted by the economic slowdown and high lending rates. Passenger vehicle sales grew only 0.13% while commercial vehicle sales declined sharply. Two-wheeler sales also grew modestly at 2.6% due to financing issues. Going forward, demand from Europe may soften and domestic sales will depend on availability of financing and new model launches.
Security analysis report on automobile sectorRahul Hedau
This document provides a summary of key economic factors impacting the Indian automobile industry and capital markets as a whole. It discusses factors such as excess capacity, pricing pressure, financing options, advertising and income levels that influence the automobile sector. It also analyzes macroeconomic indicators, global cues, political stability, and growth prospects that impact capital markets. The document concludes with an analysis of present and future opportunities in the auto sector as well as risks, noting the sector's continued slowdown poses risks for investors.
This document provides an overview of Maruti Suzuki India Limited, including:
- Key facts about the company such as year established, joint venture partner, products offered, revenue, etc.
- Milestones in the company's development from 1981 to present.
- Details about the company's facilities in Gurgaon and Manesar.
- Mission and vision statements focusing on contributing to society through automotive manufacturing and long-term stable growth.
India’s automotive industry is well-positioned for growth, servicing both domestic demand and, increasingly, export opportunities. A predicted increase in India’s working-age population is likely to help stimulate the burgeoning market for private vehicles.
Comparison between Maruti Suzuki, Mahindra & Mahindra, Tata Motors and Toyota
This document compares the financial performance of Maruti Suzuki India Limited (MSIL) and Mahindra & Mahindra Limited (M&ML) based on their financial statements. It analyzes various ratios such as liquidity, leverage, activity and profitability ratios of both companies. Overall, MSIL has better liquidity and debt ratios while M&ML has higher returns and asset utilization. The document also discusses the core values, vision and mission of both companies.
1) Maruti Suzuki India Limited is a subsidiary of Suzuki Motor Corporation of Japan and is a leading automobile manufacturer in India.
2) It produces around 1.2 million cars annually from its two manufacturing plants and was the first company in India to roll out 10 million cars.
3) Some of Maruti Suzuki's popular models include the Swift, Ertiga, and Kizashi, with prices ranging from Rs. 4-12 lakhs. The company exports vehicles to various international markets as well.
This document provides an analysis of the balance sheet of Maruti Suzuki for the years 2009-2010. It begins with an introduction and overview of the company, including its vision, mission, market scenario, and sales analysis. Financial highlights for Maruti Suzuki from 2009-2010 are presented, including net sales, profit before tax, reported net profit, and earnings per share. The document then discusses the objectives of financial analysis and ratio analysis. It provides classifications and calculations of various ratios to analyze Maruti Suzuki's profitability, liquidity, activity, and leverage. The conclusion indicates that the report gives a complete financial analysis of Maruti Suzuki for five years through the use of ratio analysis.
This document provides an overview of a project report on sales and marketing at Maruti Suzuki NEXA. It discusses the objectives of studying consumer perception of Maruti Suzuki NEXA vehicles and suggesting sales promotion techniques. It provides background on Maruti Suzuki and the introduction of the NEXA brand which aims to target premium customers. The report examines the automobile sector in India before and after Maruti Suzuki and provides details on the NEXA brand experience which focuses on hospitality factors to differentiate it from other dealerships.
The document provides an overview of Tata Motors Limited, which was formerly known as TELCO and is India's largest automobile manufacturer. It discusses that Tata Motors was established in 1945 and began manufacturing locomotives before expanding into commercial vehicles and passenger cars. The summary also notes that Tata Motors is part of the large Tata Group conglomerate and is one of the world's largest manufacturers of commercial vehicles.
A Study of Customer Service at Maruti Suzuki Bhavesh Dorwani
The automobile industry is important to India's economy, representing 6% of GDP and 22% of manufacturing GDP. Maruti Suzuki dominates the passenger car market with a 75% share. Maruti was founded in 1981 as a joint venture between the Indian government and Suzuki Motor Corporation of Japan. It launched its first model, the Maruti 800, in 1983. Today Maruti offers customer service programs like free services, extended warranties, and roadside assistance to increase its service network across India. A 2013 survey ranked Maruti as the top automaker for customer satisfaction with dealer service in India.
The document is an acknowledgement and summary of projects completed by an electrical engineering student at their training with Maruti Suzuki India Limited. It thanks various managers and senior staff at Maruti who provided guidance and support for the projects on studying vehicle manufacturing processes, a vehicle tracking system, and designing an automatic closing system for service pits to improve safety. It provides background on Maruti Suzuki as a leading Indian automaker and its partnership with Suzuki Motor Corporation of Japan. It also outlines Maruti's organizational structure and the various divisions and departments.
This document provides details about a summer report submitted by Himanshu Choumal for his Master's degree program. The report focuses on assessing industrial customers' perceptions of cars in Gwalior, India and was conducted at Maruti Suzuki. The document includes sections on declaring no plagiarism, obtaining approval from the faculty guide, acknowledging those who provided assistance or support, and preface/contents outlines. It appears to be a standard report format and submission for an academic course project.
This document discusses using bi-objective optimization to optimize a supply chain using Lingo and NSGA II. The objectives are to maximize suitable supplier selection and minimize total transportation costs. It describes the supply chain operations of a warehouse in India. Classical NSGA II and Lingo are used to generate optimal solutions for supplier selection and transportation costs. The results show Pareto optimal solutions. Suggestions are provided for improving warehouse operations and including more objectives in the optimization model.
Summer Internship project On Study of 3PLKapil Mittal
This project was basically done to find out the errors that are encountered by a logistics company and how can they overcome those error by using the required technology
it was an awesome experiance to work with SAFEXPRESS and i would like to convey my thanks to all those person who made it possible and shown trust in me to provide me this opportunity.
The document outlines Safexpress's supply chain process across 4 stages from booking office to destination hub. It describes the key documents used at each stage - waybill, VAT form, invoice, manifest. It also discusses 7 types of waste in supply chains and key terms like DOD, DACC, COD. The next sections provide an overview of the booking office visit and interaction with the manager, detailing Safexpress's size, technology used, services offered and network details like daily scheduled pin codes. Documents used like waybill, invoice, VAT form and their details are also explained.
Harness the IoT platform to build use cases that are relevant to the logistics space. Tight integration of IoT platform with the business EPR, CRM and Operational systems is required for success.
The document summarizes an industrial visit to SAFEXPRESS, a leading logistics company in India. It discusses the purpose of understanding logistics and supply chain operations. It provides an overview of SAFEXPRESS, including details about its large logistics parks, technology use, and services offered. The visit involved touring the logistics park and learning about processes like loading/unloading, documentation, and transport routes. Key learnings included practical knowledge of supply chain management and SAFEXPRESS's services for individuals and enterprises.
L&T B&F IC SUMMER INTERNSHIP REPORT BIHAR MUSEUM PROJECTDeepak Kumar
The document is a project report for an internship at the Bihar Museum Project construction site from June to July 2015. It provides details about:
1) The construction company, Larsen & Toubro Constructions Buildings & Factories, which is undertaking the project.
2) The Bihar Museum Project itself, including site layout, master plan, block descriptions and structural systems.
3) Environmental, Health and Safety practices at the site, including qualifications, policies, hazards identified and safety rules.
4) Specific structural work undertaken, including the boundary wall, water feature and their structural details.
5) Finishing works like waterproofing, cladding and flooring.
The document discusses the successful implementation of barcoding technology at Safexpress Pvt Ltd to address the problem of short and excess material during loading and unloading. Interns trained employees on using barcode scanners to track shipments and ensure accurate counts. Testing at three hubs found the new process improved productivity. Technology benefits include reduced claims, performance evaluation, and optimization of the logistics network using real-time data captured from scanners.
This document outlines the distribution network across Gujarat, Rajasthan, and Punjab regions. It lists cities in each region and indicates whether they serve as booking gateways (B) and/or delivery gateways (D). In Gujarat, cities like Jamnagar, Junagadh, and Surat serve as both booking and delivery points, while others serve only one purpose. A similar breakdown is provided for cities in Rajasthan and Punjab. The document also notes that Bhuj in Gujarat serves as a central booking area for the entire distribution network, which spans 1647 km along National Highway 14 across the three regions.
This document provides an overview of the automobile industry in Uganda, including a STEEPLED analysis of the industry's external environment factors. It discusses the current state of Uganda's automobile market, which is dominated by used vehicles imported from Japan due to high costs of new vehicles for most Ugandans. The STEEPLED analysis covers social, technological, economic, environmental, political, legal, ethical, and demographic factors influencing the industry. Key points include Uganda's underdeveloped road infrastructure, the potential for electric vehicles, and the industry's importance to employment.
1. The document is a sustainability report for Maruti Suzuki that discusses the company's affiliation with Suzuki Motor Corporation, its sustainability practices, and literature reviewing the company's sales network, manufacturing, research and development, and dominance of the Indian automobile market.
2. Maruti Suzuki has strong sustainability reporting and seeks to reduce environmental impact through efficient vehicles while maintaining social and financial performance.
3. The literature reviewed discusses Maruti Suzuki's leadership in India as the largest car manufacturer, its expanding sales and service network, investments in manufacturing and R&D facilities, and the impact of discontinuing its best-selling Maruti 800 model.
Maruti Suzuki has failed to fully tap into the potential of the Indian market by not investing more in research and development (R&D) domestically. While Maruti produces over 60% of Suzuki's global vehicles, only 8% of Suzuki's worldwide R&D expenditures are spent in India through Maruti. This is a missed opportunity for Maruti to add value and develop new technologies, as India has a young technical workforce suited for R&D in areas like software, analytics, and AI. The proposal suggests that Maruti should increase its R&D spending in India to at least match the proportion of vehicles it produces for Suzuki globally, in order to better develop new technologies and profitability.
The document provides information about Tata Motors, a major Indian automotive manufacturing company. It discusses the company's product portfolio including passenger cars, trucks, buses and military vehicles. Tata Motors has manufacturing plants in India as well as other countries like the UK, South Africa and Thailand. The summary also includes details about Tata Motors' management and board of directors.
Atma-nirbhar-Boost for small businesses.docxRamappa Kb
The document discusses how India's Atmanirbhar Bharat initiative is helping small businesses and startups in tier 2 cities. It provides examples of how businesses have adapted during the pandemic by becoming self-reliant and developing new products like sanitizers and masks. The initiative aims to support street vendors through affordable loans. Online marketplaces have also helped small businesses expand. The MSME sector plays a key role in achieving Atmanirbhar Bharat through contributing to the economy and creating jobs across India. Government policies aim to strengthen MSMEs to help revive the economy.
Maruti Suzuki is the largest automobile company in India. The document discusses Maruti Suzuki's financial planning and strategy, with a focus on its market share, sales, and growth. It provides an overview of the Indian automobile industry and analyzes Maruti Suzuki's financial statements from 2012-2016. The analysis shows that Maruti Suzuki has been a consistent top performer on the stock exchange and has seen increasing profits, with a trend of overall growth. It concludes that Maruti Suzuki's future remains promising if it continues enhancing its technology to maintain its large market share in India.
Maruti Suzuki report on marketing financial and HRMDipankar Mandal
1) Maruti Suzuki launched its new SUV model S-Cross in the Indian market 2 months ago and has sold around 4,000 units so far.
2) The document provides an analysis of Maruti Suzuki including its financial performance, products, marketing strategies, and human resource practices for its new S-Cross model.
3) Key details covered include the pricing and features of S-Cross variants, segmentation of target customers, analysis of direct and indirect costs, and the selection and training processes for new employees.
This edition features a handful of The Fastest Growing Companies To Watch that are leading us into a better future
Read More: https://www.insightssuccess.in/fastest-growing-companies-to-watch-in-2023-march23/
Importance of sme’s in manufacturing industryArjun N
Small and medium size enterprises in manufacturing have become a driving force for economic growth in India. It is estimated that half of total or 50% of manufacturing exports of India are accounted by the SME sector. The impetus of large scale industry is definitely more than of an SME, but the number of SME’s in India is far greater than large scale industries which derive its importance.
In this project we are trying to find the benefits given in Dealership Company of Maruti Suzuki and Volkswagen to employees we are also trying to study the various monetary and non monetary benefits followed by Maruti Suzuki and Volkswagen. In our study we had followed different method to find and analyze the data we are using primary data as well as secondary data. We had used the questionnaire method to study the provision of benefits to employees.
This document is a summary of Toyota Motor Company's marketing strategies. It discusses Toyota's mission and vision, which focus on leading future mobility through safety, sustainability and customer satisfaction. It outlines Toyota's product lines, including cars, trucks, parts and accessories. It also describes Toyota's distribution through dealerships and some retailers. For promotion, Toyota uses advertising, public relations campaigns around sustainability, and personal selling through dealers. The summary analyzes key elements of Toyota's marketing mix and value chain.
This document provides information about an assignment solving service called SMUSolvedAssignments.com. It lists the contact details for the service including their website, email address, phone number, and WhatsApp number. It then provides examples of internal assignments from subjects like Marketing Management, Essentials of HRM, Business Law, Business Statistics, etc. that the service can help solve. The assignments cover topics like consumer buying process, types of segmentation, promotion tools, recruitment methods, benefits of career planning, exemptions under RTI Act, and descriptive statistics.
The document discusses absenteeism in the manufacturing industry. It begins by defining absenteeism and explaining that it is a major problem affecting productivity in the manufacturing sector in India. While long-term absenteeism can be planned for, unexpected short-term absenteeism is more problematic and can immediately impact work. If left unchecked, it can lower morale and set a precedent for others. The document notes that little research has been done on absenteeism specifically in the manufacturing industry in India, which is highly labor-dependent. It aims to study absenteeism in this sector, including its different types and causes, as well as potential remedies.
The document provides an overview of the automobile sector in India. It discusses key players in the industry such as Tata Motors, Maruti Suzuki, and Mahindra & Mahindra. It also summarizes the market share of different automobile segments in India and notes that two-wheelers account for 75% of total vehicle sales. Additionally, it describes the automotive aftermarket business in India and provides an analysis of automobile company earnings for the first quarter of fiscal year 2013.
This document provides an overview of a project report on consumer satisfaction with Maruti Suzuki vehicles in India. It includes an introduction to Maruti Suzuki's history in India since 1970 and its partnership with Suzuki Motor Corporation of Japan. It also outlines the objectives and methodology of the consumer behavior research, including understanding factors that influence buying decisions and defining consumer satisfaction. The report aims to provide information to Maruti Suzuki about consumers' attitudes toward their products and services.
This document discusses the impact of an industrial slowdown on credit flow and the quality of small and medium enterprises (SMEs) in India. It analyzes secondary data on credit flow to SMEs from public sector banks in Rajasthan over recent years. The analysis finds that while there was consistent growth in credit to SMEs, the pace increased sharply from 2007-2008. However, the numbers may be inflated due to an expansion in what is included under SMEs in 2006. Despite the global recession, the number of SME beneficiaries in Rajasthan continued growing between late 2008 and early 2009.
The document summarizes discussions from the Auto SCM 2015 Conference organized by the Confederation of Indian Industry Institute of Logistics on July 23, 2015. Key points discussed include:
- Implementation of GST could increase India's GDP growth by 1.2-2.9% annually, outpacing China's economic growth.
- GST is complex to implement but aims to standardize and simplify taxation, potentially improving supply chain efficiencies and reducing costs for automakers.
- Under GST, the proposed 1% tax on stock transfers will no longer apply, reducing burdens for the automotive industry.
- Vendor-managed inventory systems could be further encouraged and tested under the new GST framework
The document is a project report on buying behavior prepared by students for a class. It includes an index, acknowledgements, and sections on the automobile industry, Maruti Suzuki company history and industrial relations, objectives of studying brand preference and buying behavior, findings from a survey, suggestions, and conclusion.
The key findings are:
1) Customers consider mileage, price, and maintenance cost most important when buying a car.
2) Most are willing to pay 3-4 lakhs and prefer bank loans for financing.
3) Maruti Alto is the most preferred B-segment car brand.
4) Over half cited comfort as their reason for choosing a car over need or status.
In today’s competitive world the word ‘Strategy’ is very crucial for all business organizations. Presently organizations started realizing that customer centric and aggressive marketing strategies plays vital role to become successful leader. Though
globalization has opened the doors of opportunities for all, the market is still crowded with some unknown risks and lot of competition. Because of this competition, a marketing
strategy must aim at being unique, differential-creating and advantage-creating. To obtain unique and differential advantage, an organization has to be innovative in its
marketing strategy. Today due to innovative marketing strategies Maruti Suzuki has become the leading & largest seller of automobiles in India. Company has adopted various Brand positioning, Advertising, Distribution strategies to cover the market. Maruti’s few unique promotional strategies include Teacher Plus Scheme, 2599 scheme, Change your life campaign. The objective of this paper is to focus on various marketing strategies of Maruti Suzuki India Ltd.
Similar to Fasttrack_B2B magazine_India_apr-jun 2009 (20)
1. For an e-zine version for your friends and colleagues, write to us at fasttrack@safexpress.com
Balvinder Singh Ahluwalia,
President, Koutons Retail India, on
Koutons tackling the slowdown
On a Growth Trajectory
pg3
The Indian Gems and Jewellery
Industry’s sparkling fairy tale has
been cut short
From Dazzle to Dull
pg6
The consumer durables sector is
braving the winds of change despite
demand becoming sluggish
Weathering the Storm
pg4
INSIDE
H O W A G I L E I S Y O U R C O M P A N Y ISSUE 21, APRIL-JUNE 2009
Necessity spurs invention. Many compa-
nies in India have figured out ways to
deal with the slowdown in their own
unique ways. Maruti Suzuki, for instance,
has implemented the One Component-
One Gram idea where employees and
suppliers are encouraged to scrutinise
every component to see if there is any
excess weight which can be reduced
without affecting the performance.
Though it may seem inconsequential, I
am sure it has helped Maruti Suzuki con-
trol its costs.
The company has also launched pro-
grammes such as Kaizen where ideas
from every employee are welcomed,
some of which have been remarkably
fruitful.
The focus from innovation has also
not shifted and Maruti Suzuki has, in
fact, adopted a proactive approach,
releasing a model such as A-Star. Their
production of models such as Swift and
DZire have reportedly been enhanced, an
indication things are really not as bad as
made out to be. As an example, MSI’s
domestic demand continues at last year
levels despite being below company’s
expectations.
The consumer durables sector has
also shown an uptick, with companies
such as Reliance announcing plans to set
up store chains for home appliances and
electronic goods. According to an
Economic Times article, most mass con-
sumer goods and services in India were
not too affected by the slowdown. India,
at least, seems to be forging ahead slow-
ly and steadily.
From this issue of FFaassttttrraacckk, we have
started a section called SME Watch, to
keep track of innovative ideas that com-
panies come up with in tough times.
MESSAGE
HOPE
FLOATS
SSAAHHEEEEMM WWAANNII
M
aruti Suzuki India Limited
is India’s highest selling car
manufacturing company
that has sold about 7.5 mil-
lion vehicles in India and
500,000 in Europe and
other countries since its inception in 1981. With
a market share of over 50 percent at the end of
fiscal 2007-08, MSI’s turnover stood at Rs.
178,603 million.
Having been affected by the global slowdown,
sales dipped after September 2008 for the next
three months by 7.1, 27.4 and 10 percent respec-
tively. However, in January, the company’s sales
increased by 5.39 percent. In February, the com-
pany achieved its highest ever domestic and total
sales. Led by A-star, Maruti also registered the
highest ever export sales.
FFaassttttrraacckk shares the resilience of MSI in an
interview with the man who runs the show:
HHooww ddoo yyoouu sseeee tthhee ccuurrrreenntt ffiinnaanncciiaall ccrriissiiss aaffffeecctt--
iinngg IInnddiiaa??
So far, India has been relatively less impacted
by the global financial crisis. Our economic
growth has slowed and demand in many sectors
has shrunk for the time being. But there has been
no crisis or collapse of financial intermediaries
as witnessed in the developed markets.
The financial issues that have impacted India
are, to some extent, related to our domestic poli-
cies. For example, the norms for repossession in
case of a loan default have become more strin-
gent. As a result, private banks have not been so
aggressive in offering car loans.
Similarly, some of the liquidity issues wit-
nessed late last year may have to do with our
efforts to bring down inflation.
In the future, we have to see to what extent
the crisis in the developed world will have a bear-
ing on India.
AA hhuuggee sseeccttiioonn ooff tthhee GGlloobbaall AAuuttoo IInndduussttrryy
hhaass ffaacceedd ccoolloossssaall lloosssseess.. WWhhaatt aabboouutt MMaarruuttii??
AArree aannyy uunniiqquuee iiddeeaass bbeeiinngg eexxppeerriimmeenntteedd ttoo
ccoommbbaatt tthhee sslloowwddoowwnn??
We have to de-link the colossal losses faced by
global auto giants and the situation of a compa-
ny like Maruti Suzuki. Some of those companies
may have been highly leveraged. They may have
had other liabilities from the past. With the crisis
in the US, Europe and Japanese economies,
demand there has fallen. Currency movements
have turned adverse. Together, all those have
contributed to the losses of those companies.
As for Maruti Suzuki, the cash position is
healthy. Domestic demand, though below what
was expected at the start of the year, continues at
last year levels. While there is international expo-
sure in the form of export of cars and import of
certain raw material and components, the pro-
portion of these to the total business is low.
OOrriiggiinnaall iiddeeaass lliikkee ‘‘OOnnee CCoommppoonneenntt--OOnnee GGrraamm’’
hhaavvee bbeeeenn iimmpplleemmeenntteedd —— hhooww ffaarr hhaavvee tthheeyy
hheellppeedd??
Thanks for complimenting the idea. One
component-One Gram is an initiative launched
by Suzuki Motor Corporation and Maruti
Continued on Page 2
DRIVING PAST SLOWDOWN
PAWAN JAIN
Chairman & MD, Safexpress Pvt Ltd
R. C. Bhargava,
Chairman, Maruti
Suzuki India Limited,
talks about the unique
strategies implemented
to overcome the cur-
rent economic crisis
“I believe that in these tough times, it is market leaders like
Maruti Suzuki that have to stand out and be counted”
R C Bhargava, Chairman, Maruti Suzuki India Limited
FT Issue 21_V.qxd 5/5/2009 5:36 PM Page 1
2. 3
APRIL-JUNE 2009
2
APRIL-JUNE 2009
Suzuki last year. It encourages employees within
the company and the suppliers to scrutinise every
component to see if there is any excess weight
which can be reduced without affecting perform-
ance. This way, we will reduce weight of compo-
nents, bring down cost and in some cases, may
even bring down fuel consumption of cars.
Here, we need to understand the spirit behind
the initiative. It is to adopt a fresh approach to
our work, and not become complacent only
because something is being done in a particular
way for years. One Component-One Gram is
only one example of that approach. You will see
this in many other initiatives, such as suggestions
scheme, QC (quality circles) and Kaizen pro-
grammes where every employee is empowered to
give ideas for improvement and innovation, and
the company has gained handsomely on that
account.
AA lloott ooff ccoommppaanniieess hhaavvee bbeeeenn ffoorrcceedd ttoo uunnddeerr--
ttaakkee aa mmiidd--tteerrmm ccoouurrssee ccoorrrreeccttiioonn bbeeccaauussee tthhee
eeccoonnoommiicc eennvviirroonnmmeenntt hhaass cchhaannggeedd iinn tthhee llaasstt
ffeeww mmoonntthhss.. DDiidd yyoouu ffaaccee aa ssiimmiillaarr ssiittuuaattiioonn?? IIff
yyeess,, wwhhaatt ssttrraatteeggiieess hhaavvee bbeeeenn aapppplliieedd ttoo oovveerr--
ccoommee tthhee ssaammee??
A company that is unable to undertake mid-
term course correction in these volatile times
would find it difficult to survive. We, too, have
undertaken course corrections during the year.
For example, when demand dipped in the third
quarter of this fiscal year (2008-09), we were
quickly able to adjust production and minimise
stock levels. Later, when demand seemed to perk
up in December and January, we worked extra
hours to meet customer requirement.
Similar course correction was evident in the
mix of models we manufactured. Models like
Swift and DZire, which had long waiting lists
despite the overall slowdown, saw enhanced pro-
duction.
IInn ssuucchh ttiimmeess,, ccoommppaanniieess tteenndd ttoo ffooccuuss mmoorree oonn
ccuuttttiinngg ccoossttss wwhhiillee iinnnnoovvaattiioonn ttaakkeess aa bbaacckksseeaatt,,
bbuutt MMaarruuttii hhaass bbeeeenn qquuiittee pprrooaaccttiivvee yyoouu hhaavvee
llaauunncchheedd aa pprroodduucctt lliikkee tthhee AA--SSttaarr.. WWhhaatt kkiinndd ooff
rriisskkss ddiidd yyoouu ffoorreesseeee iinn ssuucchh eeccoonnoommiicc ccoonnddiittiioonnss
aanndd yyeett mmaannaaggee ttoo ssttaayy wwiitthh tthhee ppllaann??
I would say cost cutting and innovation have
to go hand in hand. To cut cost without impact-
ing product quality and performance requires
innovation.
I believe that in these tough times, it is mar-
ket leaders like Maruti Suzuki that have to stand
out and be counted. We have an established track
record in terms of product quality, fuel efficien-
cy, reliability and now, even international style
and design.
Suzuki technology in small cars is globally
acknowledged. This, along with the sound posi-
tion of the company, makes Maruti Suzuki the
most risk free option for customers. So we have
to take the initiative and launch new models. At
any rate, we cannot let market volatility impact
our long term plans for India. I believe Suzuki
Motor Corporation and the Maruti Suzuki man-
agement are clear on this.
DDooeess MMaarruuttii hhaavvee aa ppoolliiccyy ooff pprreeffeerrrreedd vveennddoorrss??
IInn ssuucchh ttiimmeess,, hhooww ddooeess MMaarruuttii mmaannaaggee rreeaall--
ttiimmee iinnvveennttoorryy??
You are probably aware that Maruti was
instrumental in setting up and developing the
vendor base in India. We have developed a
strong relationship with several vendor compa-
nies. In areas where the vendor companies can
handle the load and responsibility we have sin-
gle-source vendors to give them maximum bene-
fits of sale. In other areas, we may choose to have
more than one vendor depending on require-
ment, capacity and so on. In these volatile times,
it has been a challenge to manage real-time
inventory. We have received tremendous support
from our vendors in this regard. As for imported
components, our vendors in Japan have had to
be flexible in meeting fluctuating requirements.
But we have done well so far!
DDoo yyoouu sseeee tthhiiss ccrriissiiss aass aann ooppppoorrttuunniittyy ffoorr
IInnddiiaann ccoommppaanniieess ttoo mmaakkee tthheeiirr mmaarrkk gglloobbaallllyy??
Indian companies have started to make their
mark globally for some time now. In fact, Maruti
started exporting cars to Western Europe as early
as 1988. Crisis or otherwise, I think the way to
go global is by not losing sight of the basics.
Quality, cost, reliability, design, service – compa-
nies have to excel in all the areas for them to
compete globally.
Perhaps, in a crisis, when demand is already
low, companies will have to work much harder to
convince customers to buy their product.
HHooww hhaass tthhee ffaallll iinn ccoonnssuummeerr ssppeennddiinngg aaffffeecctteedd
tthhee ccoommppaannyy’’ss ssaalleess iinn tthhee llaasstt ttwwoo qquuaarrtteerrss??
A slowdown in the economy, no matter how
marginal, always dampens consumer sentiments.
We at Koutons have been fortunate that the
slump hasn’t affected us much and we have been
consistently working towards our targets.
Customers always look for better value for money
and our USP is quality products at affordable
prices.
HHooww ddiidd tthhee ccoommppaannyy ffaarree iinn tthhee rreecceenntt ffeessttiivvaall
sseeaassoonn??
Retail has been affected as much as any other
sector of the economy but the impact on
Koutons was limited because of our business
model, which is based on reasonably priced prod-
ucts. The company is still on a growth trajectory
although the pace of growth has slowed down a
little in the past few months.
The company’s operations, whether based on
the COFO model (company owned but fran-
chisee managed property) or the COCO model
(company owned and operated property), are all
running successfully. The company’s outlets are
spread across the country. Hence, any dip in sales
at the metro level gets compensated by the rise in
sales at Tier II & III level towns. Overall, the
sales figures have averaged out.
WWhhaatt rroollee aaccccoorrddiinngg ttoo yyoouu hhaass tthhee aavvaaiillaabbiilliittyy
aanndd rreennttaall ooff rreettaaiill ssppaaccee ppllaayyeedd iinn iimmppaacctt ooff tthhee
sslloowwddoowwnn oonn tthhee rreettaaiill iinndduussttrryy??
In today’s changing times, both retail and
realty are facing dynamic times. The slowdown
has hit retail outlets considerably, pushing them
out of expensive cities and malls in search for
cheaper destinations. This poses both a challenge
and opportunity for the realtors. While on one
hand they have to identify ways to retain the
retailers in the large cities and towns by finding
innovative ways to increase footfalls, they can
also look at developing retail spaces in Tier II
&III where the retail boom is on an upswing.
HHooww hhaass tthhee ccoommppaannyy’’ss mmaarrkkeettiinngg ffooccuuss
cchhaannggeedd iinn ffaaccee ooff tthhee sslluuggggiisshh ddeemmaanndd??
The potential of India’s retail sector may be
huge, but soaring rentals, salaries and sluggish
demand are making the journey a bumpy ride for
retailers. Our marketing focus is on new prod-
ucts, such as Patent Club, and providing the right
attire, at the right time, at the right place, at rea-
sonable prices.
As we are committed to replenishing mer-
chandise efficiently and on time. We have organ-
ized a method that focuses on specific fits/ sizes/
needs of a target market, which enable us to
accurately forecast product requirements and
replenish them without delay. To deliver goods at
the optimum time has always been a challenge
for companies. We have created a network of
suppliers well in advance so that we can cater to
the market needs on time.
Koutons understands the importance of con-
solidation and consistency. Being vigilant in the
current scenario gives us an upper hand in being
prepared for adverse situations as well.
MMoosstt aappppaarreell aanndd aacccceessssoorriieess ccoommppaanniieess hhaavvee
iinnccrreeaasseedd ddiissccoouunnttss ttoo bboooosstt ssaalleess.. HHaass tthhee ccoomm--
ppaannyy aallssoo iinnccrreeaasseedd ddiissccoouunnttss oonn aappppaarreellss dduurriinngg
eenndd--ooff--tthhee--sseeaassoonn ssaalleess??
We are working on a special scheme but it will
be too early to share the same with you. Details
are being worked out. I can, however, assure you
that they will be as lucrative as our previous dis-
count schemes. Our focus is on adding new lines
of dresses and accessories for women, clothing
for kids and shoes for men.
WWhhaatt aarree tthhee ccoommppaannyy’’ss eexxppaannssiioonn ppllaannss ((iiff aannyy))
ffoorr tthhiiss yyeeaarr?? HHaavvee tthheeyy bbeeeenn rreevviisseedd oovveerr tthhee llaasstt
ttwwoo qquuaarrtteerrss??
For now, the company is concentrating on the
prevailing business model and focusing on the
already running 1500 stores.
WWhhaatt ssttrraatteeggiieess hhaavvee yyoouu eemmppllooyyeedd//aarree ppllaann--
nniinngg ttoo iimmpplleemmeenntt ttoo ffuueell ssaalleess ggrroowwtthh tthhiiss yyeeaarr??
For this year, Koutons’ motto is replenish-
ment, timely supplies and cost controls.
Everyday cost saving strategies can help our
business grow. In this time of economic slow-
down, we are eyeing low rentals and operational
costs for galleries. We are renegotiating rentals
and shifting stores to places where rentals are low
but which have high potential for growth.
WWhhaatt sstteeppss ddoo yyoouu tthhiinnkk tthhee rreettaaiill sseeccttoorr,, eessppee--
cciiaallllyy tthhee aappppaarreell aanndd aacccceessssoorriieess iinndduussttrryy,,
sshhoouulldd ttaakkee ttoo ddeeaall wwiitthh tthhee ddiipp iinn ccoonnssuummeerr
ssppeennddiinngg??
The apparel sector, like any other industry, is
very dynamic in nature and, therefore, anyone
stepping in it must be prepared to face the turbu-
lence. An eye for excellence, a vision to grow, and
sincerity to values and principles form the basis
for the sector.
LEADERS
Balvinder Singh Ahluwalia, President of Koutons Retail India, talks to AAnnggeelleennee KKaauurr about how
the popular apparel brand has managed to tackle the present economic crisis
For this year,
Koutons’ motto is
replenishment,
timely supplies
and cost controls
ON A GROWTH TRAJECTORY
“Impact on Koutons was limited because of our business model, which is based on reasonably
priced products”
Balvinder Singh Ahluwalia, President, Koutons Retail India
Net Sales and Profit After Tax
2001-2002
1,045
70,677
72,535
90,812
109,108
120,034
145,922
178,603
1,464
5,422
8,536
11,891
15,620
17,308
2002-2003
Net Sales PAT (Rs. Million) Source: Maruti Suzuki India Limited.
2003-2004 2004-2005 2005-2006 2006-2007 2007-2008
Models like Swift
and DZire, which
had long waiting
lists despite the
overall slowdown,
saw enhanced
production
FT Issue 21_V.qxd 5/5/2009 5:36 PM Page 2
3. AANNGGEELLEENNEE KKAAUURR
A
s the economic slowdown contin-
ues to wrap its tentacles around
most businesses, consumer confi-
dence is shaky, demand – be it for
products or services – is sluggish,
and financing options for con-
sumers are dwindling. With consumers tighten-
ing their pockets, the consumer durables sector
has not managed to escape the impact of the
slump.
Business Standard reported in February that
the branded air-conditioner market in North
India, which accounts for about 40 percent of
the total sales in India, only grew by about 10-12
percent last year instead of the expected 25-30
percent. Industry observers said manufacturers
increased production in anticipation of high
growth and landed with supply exceeding
demand, thereby putting pressure on their profit
margins.
An Indian Express report spoke of Videocon
Industries cutting down production of refrigera-
tors, washing machines and air-conditioners in
the first quarter of this year as the company was
finding it difficult to sustain utilisation of its exist-
ing production capacities.
Silver lining
However, despite the dip in demand and the
resultant reining in of production, an analysis
carried out by the Economic Times revealed that
most mass consumer goods and services in India
were not too affected by the economic slowdown.
The second-quarter results of leading 70 con-
sumer-related firms revealed that their aggregate
revenues increased by 8.5 percent during the
September 2008 quarter compared to the same
period of the previous year.
Most consumer durable companies experi-
enced double digit growth in the last quarter of
2008. For example, LG Electronics India report-
ed nearly 20 percent growth for last year.
In November, Reliance Industries revealed
plans to set up 55 stores for home appliances and
electronic goods across India.
ET also reported in November last year that
a global consumer confidence survey shows
Indians with the second most optimistic attitude
(after Norway) on the global financial slowdown.
Remaining resilient
For the most part players in the Indian
durables industry have remained resilient, if not
untouched, by the dip in demand. Focus on
streamlining the Supply Chain, and sales from
the rural sector and Tier II and III cities, where
demand still remains strong, have acted as buffers
for the durables sector.
While sales from non-metros have remained
stable largely due to the preference of cash pay-
ments by consumers, tweaking Supply Chain
operations to suit sluggish demand has taken
some effort.
Although individual companies have
employed different tactics to apprise each stake-
holder across the Supply Chain, the emphasis
across the durables industry has been on curtail-
ing stockouts and oversupply. Thus, inventory
management has been analysed in great detail to
plug loopholes and cut costs.
A case in point is LG, where stock turns have
been reduced to suit the change in demand. Says
Sachin Srivastava, DGM, Supply Chain for LG:
“We went through many internal reviews and
meetings to tweak inventory turns so that they
match the current requirements of customers.
We had to keep in mind both, providing the right
product as well as maintaining the right amount
of inventory. For that, we drastically reduced the
number of inventory turns.”
Along with optimising its own inventory, LG
also ensured that the changes flowed through the
Supply Chain to vendors. The company commu-
nicated the need for suppliers to align raw mate-
rial to LG’s new requirements. Since most of its
vendors work on the JIT model, it was impera-
tive for LG to explain their growth strategies to
them in detail to ensure optimum raw material
inputs.
Another area where costs could be better
managed was distribution management. LG
evaluated its current practices and decided to
switch from monthly planning to a weekly plan-
ning mode. This not only helped in more precise
tracking of inventory, but also helped to better
align stock to sales forecasts.
“We held in-depth discussions with our trans-
porters – and they have been with us for a long
time so we share a very healthy relationship with
them – and explained to them how the current
economic conditions demand a change in opera-
tions. Since we operate on very high volumes, we
had to figure out a system where we could bring
down freight costs by saving on fuel through reor-
ganising our distribution cycles. And we man-
aged to achieve that quite successfully,”
Srivastava says.
Streamlining Supply Chain management
inadvertently means increasing transparency and
ease of access to information across the board.
This was enhanced at LG by supplementing its
existing IT infrastructure with an increase in
bandwidth, upgrading existing systems, installing
new equipment where needed and employing
additional technical resources. Refuting rumours
of a drop in sales during the recent festival sea-
son, Srivastava says LG has been consistently on
its target growth path.
“In fact, we surpassed our expectations dur-
ing the festival season and our highest turnover
for last year was in October,” he says.
Staying afloat
And how did LG manage to stay robust
despite the slump? “I believe our strength lies in
our ability to manage our inventory. With that in
place, we have been able to have better working
capital. Consequently, our borrowings went
down and we were actually managing cash flow
in a surplus mode,” he says.
“Our finance department also contributed
significantly in helping us manage our cash flow
by giving us better payment cycles and allowing
us to be flexible with vendor payments. We,
thereby, increased the rotation of payments. For
example, if we used to make payments twice a
month, we increased it to three times. But this
was done on a case-to-case basis, not as a gener-
al rule.”
When asked what other cost-saving plans
were in the pipeline, Srivastava explained that
each department of the company has been given
specific targets for cost optimisation and these
targets have been documented and signed. “I’m
confident that the departments are on track and
will meet set targets,” he says. “And for FY 2009-
10, we expect to grow by at least 20 percent.”
LG is just one example.
The rest of the durables industry is not taking
any chances either and has been silently but sure-
ly working to combat the slow demand.
Godrej Appliances has reportedly brought
down its overall Supply Chain inventory by
about 30 days and 35 percent (Yahoo News),
whereas Videocon, Voltas and Whirlpool are said
to have cut down their credit limit to dealers
(Economic Times).
The outlook though uncertain is certainly not
dismal. Consumer durables manufacturers
expect a 15-20 percent growth for home appli-
ances and a 12-15 percent growth in consumer
electronics, according to Economic Times.
Industry analysts rule out any significant drop in
prices, which have stayed stable since the begin-
ning of this year.
Not that bad
Says Srivastava: “Although it may be too soon
to say anything, I feel that the fear of economic
slowdown is quite high but the actual situation is
not as bad. If you look at the Indian economy, it
is not really headed for a downturn. There are
positive indicators, such as stimulus packages by
the government, which have already been
announced twice, and if that continues then I
think by June we will have the slowdown behind
us. It is only a matter of time and the people have
to be patient in terms of understanding the situ-
ation and to not overreact.”
With a mixed bag of industry reports on one
hand and optimistic players like LG on the other,
guess all we can do is wait and see what coming
times hold in store for consumer durables.
5
APRIL-JUNE 2009
INSIDE OUT
APRIL-JUNE 2009
4
“If you look at the Indian
economy, it is not really head-
ed for a downturn ... people
have to be patient in terms of
understanding the situation”
Sachin Srivastava, DGM,
Supply Chain, LG
An analysis carried out by
Economic Times revealed that most
mass consumer goods and services in
India were not too affected by the
economic slowdown
WEATHERING THE STORMThe consumer durables sector has held fort and is forging ahead despite sluggish demand
FT Issue 21_V.qxd 5/5/2009 5:36 PM Page 4
4. SSAAHHEEEEMM WWAANNII
T
he sparkle in many a eyes fades as
the economic slump cuts the gems
and jewellery fairy tale short. As
many as 150,000 people are on the
streets in as less as eight months,
with exports plunging by 6 percent
in the first quarter and upto 34 percent in the
third quarter, compared to the previous fiscal.
The Indian Gems and Jewellery Industry, the
world’s largest consumer of gold, its biggest
importer, processor and exporter of diamonds, is
fighting for survival.
Market overview
India accounts for 800 tonnes or 20 percent
of world gold consumption, of which nearly 600
tonnes go into making jewellery. With its cut and
polished diamonds, coloured gemstones, pearls,
gold, non-gold and fashion jewellery, it holds
nearly 50 percent of the international market.
The industry has the best skilled manpower for
designing and producing high volumes of exqui-
site jewellery at low labour costs, and every 11
out of 12 diamonds sold around the globe are
processed in India regardless of where they are
mined.
Over the past years, the Gems and Jewellery
Industry had been one of the fastest growing sec-
tors of the Indian economy with an annual
growth rate of approximately 15 percent. Of the
$50 billion industry, exports accounted for over
$20 billion in 2007-08, contributing nearly 13
percent to India’s forex kitty. From $16.6 billion
in FY ‘06 to $17.1 billion in FY ‘07 to a whop-
ping $20.9 billion in FY ‘08 – the industry had
shown a growth rate of 22.27 percent, until
recession hit the US.
Losing the sheen
“Jewellery exports nosedived in 2008 with no
bulk orders from big retailers following recession
in the US and European countries,” says Rajiv
Jain, vice chairman of the Gems and Jewellery
Export Promotion Council (GJEPC). “Overall
exports of gems and jewellery from India stood
at $987 million in April-November, showing a
decline of over 34 percent compared to $1.5 bil-
lion during the same period last year. With a fall
in demand of our products, there is an aggregate
decline of 2.29 percent over the same period
compared to the last fiscal,” he adds.
The US ($5,461.05 million) and Hong Kong
($5,354.54 million) were the largest importers of
gems and jewellery from India with a share of 26
percent each, followed by UAE at 21 percent.
Almost 50 percent of Hong Kong’s share is re-
exported to the US making the Indian market
extensively US dependant.
Priyanshu Shah, executive director of one of
the world’s leading diamantaries – Asian Star Co
Ltd and CEO, Jewel Art, opines: “A decline of 20
percent on exports in the month of February has
made the situation grim. Furthermore, in an
acute liquidity crunch, maintaining the price is a
big challenge.” While diamonds accounted for
64 percent of the total exports last year, gold jew-
ellery accounted for 30 percent. Coloured gem
stones and other items accounted for roughly 1
percent each.
Damp season
Almost half of the orders for Surat’s diamond
traders and jewellers come during Christmas
time; however, this time they got orders based on
quarterly requirements. “The holiday season
sales in the US, the biggest diamond jewellery
market, were down by 20 percent this year,”
Shah says.
The woes are endless. According to Jain:
“The biggest challenge is to sustain and retain
the manpower in a depressed market. Over 1.3
million people and their families depend upon
this industry which has been hit hard. A sluggish
oveseas demand has pushed the industry to cut
production and lay off workers. Thousands of
employees have lost jobs, though measures are
being taken to curb further chaos.”
The first half of 2007 had seen a 70 percent
rise in the demand for Indian jewellery as com-
pared to the same period in 2006. A vertical fall
in demand in present times is the core concern.
GJPEC’s Jain says: “We are gradually addressing
all grievances by implementing a new
approach.” Various steps are being taken
towards taking the industry out of the current
peril. With major global markets being badly hit
by recession, the Indian Gems and Jewellery
Industry has been pushed to explore new vistas
in order to boost sales.
Both Jain and Shah talk about spreading
trade to emerging economies of southern CIS
(Commonwealth of Independent States) coun-
tries, east European nations, Asia-Pacific, Asia-
Arabia, Brazil, China, etc. “The burgeoning
domestic market has attracted a number of com-
panies to invest here, this is also the right time to
shift focus to rural India’s market potential. Asian
Star has six offices inland,” Shah adds.
Jain further talks about possible cost reduc-
tion to pump demand, to which Shah differs,
“The industry has to explore fresh avenues in
order to prevent cost reductions or desperate
sales.”
Steps have been taken to consolidate the
entire industry and bring relief to the afflicted
labour force. Jain explains: “In an attempt to
help artisans, GJEPC has proposed the
‘Employment Sustenance Scheme – Gujarat.’
The council has urged that professional tax on
artisans engaged in the Gujarat jewellery indus-
try be abolished. The association is also seeking
better facilities to enable artisans to maintain and
improve their skills. In my factory, I have reduced
the weekly working days to four, and have cut
wages by 25 percent; a method that is being
implemented by a majority of jewellers to retain
their workforce.”
Cheaper options
In Shah’s view, economic slowdown might
usher in light-weight jewellery, semi-precious
gems as good trade options. Both industry heads
stress on improvised marketing. Jain says: “We
have limited availability of funds for the purpose,
however, the council is promoting the Indian
Gems and Jewellery Industry to its utmost; the
India International Jewellery Show (IIJS)
Signature was held in Goa on February 20.”
In October 2008, the government had with-
drawn a 4 percent interest rate subvention grant-
ed to jewellery exporters. Subsequently, in a stim-
ulus package last December, it extended a 2 per-
cent interest rate subsidy till March 31, which has
been duly extended.
Representing the council, Jain says: “In view
of the present state of the industry, a 2 percent
subvention is too less; it should be increased to 5-
7 percent. At present, we are paying 9 percent
which is far too high.” In addition to this, Shah
concludes: “Electricity charges on CPD units
should be reduced by 50 percent, increased liq-
uidity and lower interest rates on loans, plus
reduced customs duties on imported equipment
and machinery are the need of the hour.”
It’s a glimmer of hope this industry is yearn-
ing for.
AANNGGEELLEENNEE KKAAUURR
T
here is no longer a debate on will it or
won’t it – the slump has hit and, more
likely than not, will linger for a while.
Businesses, across industries, have
gone on the offensive. Processes have
been tweaked, budgets have been
slashed, employees have been laid off and expansion
plans have been curtailed.
At times such as these, when the economy’s
future – both global and domestic – is uncertain, it
becomes imperative for companies to also pair the
flurry of cost cutting activities with initiatives to insu-
late themselves against unnecessary risk.
Driven by cost-saving strategies, trends of off-
shore manufacturing, global outsourcing and lean
sourcing have left the Supply Chain vulnerable,
especially during the current slowdown. In other
words, modern Supply Chains with widely dispersed
customer and supply bases run a substantial risk of
pitfalls and performance failure.
Supplier risk
While it is essential for risk managers to embed
Risk Management practices across the Supply
Chain, the “supplier link” deserves extra attention.
Right now, avoiding supply disruptions and oversup-
ply are even more critical than before for the chain
because an unforeseen and undesired fluctuation in
inventory could upset the best-laid cost-cutting
plans.
What does managing supplier risk really entail?
Apart from ensuring that there is ample quantity and
desired quality of supplies needed to meet consumer
demand, the term also involves anticipating and pro-
tecting the company against supplier events that
could hurt the firm’s reputation or affect it financial-
ly or legally. Developing an effective Supplier Risk
Management programme involves the following
steps:
1) Focusing on the company’s objectives and
gearing the risk mitigation programme toward
organisation goals.
2) Engaging stakeholders, such as top manage-
ment, strategic partners and suppliers, internal
departments (health, marketing, legal, financial,
etc.), in Risk Management.
3) Collaborating and communicating with sup-
pliers to align them with the objectives of the pro-
gramme.
4) Defining clear and achievable benefits that can
be captured and measured immediately. Quick ben-
efits will encourage compliance and adherence to
the programme by stakeholders.
5) Incorporating technologies that enhance the
efficacy of the programme.
6) Viewing Risk Management as a continuous
process and not an event.
Supplier selection
Most companies, be it product or services
providers, already have robust Risk Management
policies in place. However, not all of them give sup-
plier risk the attention it deserves and could do much
more to know their suppliers better. Evaluating them
on stricter parameters prior to selection and incor-
porating risk mitigation into processes and sourcing
strategies along with the typical Price, Quality,
Delivery and Design dimensions could aid Supply
Chain and risk managers in curtailing unforeseen
snares. Some pointers that could help supplement a
company’s existing supplier selection process:
1) Develop a robust risk-based monitoring frame-
work and ensure regular performance monitoring
with special focus on critical suppliers.
2) Based on performance results, implement sup-
plier development programmes to build up suppliers
who are cost friendly but pose other “fixable” risks.
3) Provide feedback to suppliers about their per-
formance and advise them on improvement tactics.
4) Maintain a centralised, easy-to-access supplier
database, which provides their risk rating scores, per-
formance details and certification information. This
can serve as an advantage especially for a large com-
pany where multiple managers are handling Supply
Chain operations.
Supplier assessment
One approach for supplier assessment could be
to look beyond third-party audits and quality checks,
and independently evaluate suppliers and their
processes specifically for any risks that they could
pass on to the rest of the chain. For example, Supply
Chain managers too often focus on primary suppli-
ers and ignore tier-2 or tier-3 suppliers, i.e. the sup-
pliers’ suppliers. How your suppliers keep a check on
their suppliers’ quality standards, how often they pay
them, what processes do they employ – all could
indirectly impact the extended Supply Chain.
“Certain parameters like amount of spend and
returns on Risk Management investments are count-
er-intuitive in Supplier Risk Management,” says
Anand Singh Bhadauria, senior general manager-
SCM of OSRAM India.
Bhadauria suggests risks can be better managed
by clubbing them into categories such as:
1) Geographic risks, which focus on the risks asso-
ciated with a certain region or country, including
political conditions, infrastructure conditions and
currency fluctuations.
2) Industry or commodity risks, which refer to a
specific sector or commodity group, for example,
automakers. Labour shortage, supply-demand
volatility and industry trends fall into this category.
3) Environmental risks, which refer to risks such
as natural disasters or wars.
An additional risk to watch out for is that a lot of
suppliers are going through their own financial
crunch and just might fold up operations in face of
the current slowdown. Ensure that you have a con-
tingency plan in place and keep an eye on critical
suppliers that could buckle under economic pressure.
“Supplier risk can never be eliminated, but it can
be significantly brought down,” Bhadauria says. In
the short term, it means investing time and resources
in developing a Risk Management programme. But
in the long term, the benefits far outweigh the invest-
ment. And keeping the current times in mind, every
little bit helps.
7
APRIL-JUNE 2009
6
APRIL-JUNE 2009
Risk management can get tricky especially when suppliers are plenty and
spread out. Here are some tips to rev up Supplier Risk Management
TRICKS TO CURTAIL RISKS
RESPONSE PRIORITY
TThe past three months were
packed with action, achieve-
ment and acknowledgment for
Safexpress. In January 2009,
Safexpress partnered with Images
Group to organise ‘India Fashion
Forum 2009’ in Mumbai where
retail giants converged to discuss
growth strategies for fashion retail
businesses. Safexpress showcased
its latest offering, Stock2Shelf – a
professional supply chain service
for retail stores in malls, to address
the long-felt need for lack of cus-
tomised services to these players.
Taking the ‘Knowledge
Leadership’ a step further,
Safexpress, in association with
Symbiosis Institute of International
Business (SIIB), organised ‘Aarohan
2009’ – A Supply Chain Summit
and National-level Case Study
competition. Vineet Kanaujia,
G.M., Marketing, Safexpress, was
one of the eminent judges who
offered his viewpoint on Supply
Chain and its role in the current
slowdown.
Safexpress was awarded with
the prestigious ‘Brand Loyalty
Award’ in the Supply Chain and
Logistics category at the 2nd India
Loyalty Summit 2009 held in
Mumbai. The summit is the single
largest Brand and Customer
Loyalty event in Asia. This award is
a glowing tribute to the strong
brand equity of Safexpress.
Moving to contribution to the
Retail Industry, Mr. Pawan Jain,
CMD, Safexpress was conferred
with ‘Retail Leadership Award’ at
the Asia Retail Congress 2009. The
prestigious award was given in
recognition of the achievements of
Mr. Jain for bringing innovation,
excellence and quality in the field
of Retail and Logistics. Safexpress
was also awarded the ‘Effective
Retail through Supply Chain’ for
Retail Excellence at the congress.
Safexpress was honoured with
yet another prestigious Award for
the ‘Best Service Provider’ in the
‘Logistics Management Leadership
Summit 2009’ in Mumbai.
SAFEEXPRESS
TRIUMPHS
SME WATCH
The Gems and
Jewellery Industry
adapts to change and
targets new markets in
a bid to outshine the
economic slowdown
Jewellery exports nosedived in 2008
with no bulk orders from big retailers
following recession in the US and
European countries
FROM DAZZLE TO DULL
Modern Supply
Chains run a sub-
stantial risk of pit-
falls and failure
“We are gradually addressing all grievances by
implementing a new approach”
Rajiv Jain, Vice Chairman, Gems and Jewellery Export
Promotion Council (GJEPC)
“The industry has to explore fresh avenues
in order to prevent cost reductions or
desperate sales”
Priyanshu Shah, Executive Director, Asian Star Co. Ltd.; CEO,
Jewel Art
FT Issue 21_V.qxd 5/5/2009 5:36 PM Page 6
5. SSAAHHEEEEMM WWAANNII
A
sk, and you will receive.
Search, and you will
find. Knock, and the
door will be opened for
you. That’s exactly what
the burgeoning Indian
local search industry is all about.
Adding a new dimension to the inter-
net, these unconventional local search
engines provide information not just
about Indian websites, but about the
real-world India.
Some years back, finding Lebanese
food in the middle of Delhi would
have meant asking half a dozen
bhaisahabs and behenjis for directions,
wondering what kind of a place it
would be and whether the cuisine will
even be authentic. Luckily, India is
changing.
From when (is the new movie
releasing), why (you should try out the
new coffee shop), who (will teach you
guitar near home), what (is happening
in the city this weekend), where (the
stocks are rising) and how (to book the
cheapest cab) – local search engines
are surely your most comprehensive
and cost-free city guides. Just log on to
the net or simply send an SMS, the
rest will be taken care of.
India calling
A study conducted by the Internet
and Mobile Association of India
(IAMAI) shows that there are approxi-
mately 45 million internet users in
India.
Internet is mainly used for the pur-
pose of search, after e-mail. The
Indian search-engine market has
shown an incredible growth of 100
percent over the last year and has gen-
erated a revenue of $112.5 million for
FY ’08. Which explains the sprouting
of over 25 local search portals within
two years.
The first Indian local search
engine, Guruji.com, launched in 2006,
covers more than 40 cities and pro-
vides information on private and gov-
ernment entities.
Anurag Dod, CEO and Founder of
Guruji.com says: “The product port-
folio consists of web search in seven
Indian languages, image search, music
search, finance search, city search and
movie timing search. Some of these
products like web, image and city
search are also available through our
mobile platform.”
There are over one billion searches
made by Indians every month. Out of
this, over 308 million searches run
with ads generating almost 5 million
clicks.
This has attracted 40,000 advertis-
ers, the number of which is growing.
The money they bring with them is
more than $52 million, of which
Indian advertisers contribute $16 mil-
lion. No doubt, Search Marketing has
come of age in India.
With almost 25 percent of these
web searches being local in nature,
local search engines have a promising
future.
Modus Operandi
The mode of functioning for these
sites is more or less the same. Apart
from the generic listings which are
free, revenue is generated from busi-
nesses which want to add specific
information to their ads.
Even though it seems logical to use
India-specific search engine for a local
search, the survival and growth of
these nascent portals seem to be a con-
cern in a world that has been Googled
long ago.
Shriram Adukoorie, co-founder of
Asklaila.com, a Bangalore-based por-
tal covering 12 cities, begs to differ.
“The relation that we, as local portals,
share with the search giants is dual; it
is competitive as well as complementa-
ry as many of our views are generated
via the results displayed on these sites,”
he says.
Business is mushrooming. And so
are the innovative features of these
portals. An array of features are being
introduced, heating up the competi-
tion. With Guruji introducing Guruji
music, Guruji finance, tying up with
Infomedia Yellow Pages and going ver-
nacular; and Asklaila launching a
mobile version in collaboration with
Airtel, masses are being increasingly
lured.
Special features
Around 500 million people speak
Hindi in India and abroad, and the
total number of people who under-
stand the language is estimated to be
around 800 million.
“What sets Guruji.com apart is our
focus on the Indian market and the
Indian consumer. China has become a
big internet economy because of con-
tent availability and accessibility in
local language. To grow at the same
rate, India needs to focus more on the
vernacular. Only then would the
Indian consumer be truly empow-
ered,” Dod says.
Mobile phones outnumber person-
al computers by six to one in India.
Asklaila-powered Airtel search will
reach more than 30 million users.
“Moreover,” adds Adukoorie, “Asklaila
has developed the ‘forgiving’ search,
which enables one to get an exact
answer for any query having a typo-
graphic or syntax error.”
Constant challenge
Most of these search engines
employ the ‘crawl’ or ‘spider’ tech-
nique. They crawl through the pages
on the World Wide Web and note all
the words used in the copy, bringing
the relevant words together.
Adukoorie points out: “It is a con-
stant challenge to keep the database
alive and the information exhaustive,
but that is exactly what distinguishes a
good search engine from the crowd. At
Asklaila, we verify the content, like
addresses, phone numbers, etc. before
and after posting it.”
Says Dod: “Over the next five
years, internet would become a mass
avenue, integrated with our lives and
the responsibility of managing the
information explosion would lie on
search engines.”
Looks like the local search industry
is here to stay.
8
APRIL-JUNE 2009
OFFBEAT
FFaassttttrraacckk is a quarterly magazine on management, with a special emphasis on Supply Chain issues, brought to you by Safexpress Private Limited. The
magazine is committed to promoting business agility. FFaassttttrraacckk reaches out to CEOs, finance heads and logistics heads of companies. We would be
happy to take on-board issues related to Supply Chain that you might be facing. A MINDWORKS MEDIA PRODUCT FOR SAFEXPRESS PVT LTD
contact@mindworksglobal.com
LOG ON FOR LOCAL
FLAVOUR
Finding what you want has become a lot easier with local
search engines. FFaassttttrraacckk explores their expanding territory
FT Issue 21_V.qxd 5/5/2009 5:36 PM Page 8