Performance improvement for a global solar products company
HomePerformance improvement for a global solar products company
Client Background
The client is a major solar products company with sales of over 20 Mn solar light and power products across 70 countries having major operations in India and Africa
Business Problem
The client needed support for optimization of operations through logistics network restructuring, stockiest model and warehouse modernization
The client also wanted to study the pan India network and identify districts with the highest potential for increasing sales and sales efficiency
Solution Overview
Acuvon helped the client build a mind set of KPI driven performance management
Developed a delinquency dashboard to monitor critical metrics such as average Contract Tenure Extension (CTE) and Pending Maturity for Accounts Receivables (PMAR)
Implemented periodic review of performance through development of department specific dashboards
Acuvon helped the client in operational restructuring through the following projects
Logistics network restructuring: Optimized the logistics network by evaluating and selecting seaports having modern infrastructure, located closest to high demand areas
Stockist model: Conceptualized the Stockist model by designing the business & operating model and implemented a 2 month pilot
Warehouse modernization: Helped the client in scientifically calculating the optimum number & size of the warehouses required
Customer experience: Revamped service department operating model from replacement to repair model. Prepared SOPs for the same
Acuvon helped the client reduce the delinquency rate for key products
Designed and documented all delinquency management related processes, KPIs and forms
Enhanced effectiveness of on-ground collection teams by realigning their incentive scheme to business goals
Business Impact
~USD 600K
Annual savings through operational restructuring
2%
Reduction in delinquency on USD 20 Mn accounts receivables over 3 months