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India Procurement News Notice - 66672


Procurement News Notice

PNN 66672
Work Detail TVS Supply Chain Solutions (TVS SCS), one of Indias leading integrated supply chain solutions providers, has won a new business contract from VE Commercial Vehicles (VECV) to manage in-plant warehousing and logistics at Eichers bus manufacturing facility in Baggad, Madhya Pradesh. The deal, set to last for three years, marks a significant extension of the long-standing partnership between TVS SCS and VECV. VECV, a major player in Indias commercial vehicle industry, has collaborated with TVS SCS since 2006 for in-plant logistics at its truck plant in Pithampur, Madhya Pradesh. This new contract expands their collaboration to include Eichers bus plant operations in Baggad, reinforcing the strategic relationship between the two companies. Over the course of this two-decade partnership, more than 1,200 job opportunities have been created in Madhya Pradesh. K Sukumar, Chief Executive Officer of TVS Supply Chain Solutions India, expressed his enthusiasm about the contract: We are delighted to further strengthen our partnership with VECV by extending our services to their bus plant operations. This win is a testament to our process-driven approach and reflects our commitment to delivering exceptional services through tech-enabled solutions. We are confident that our capability to provide end-to-end solutions will improve production efficiency for our customer. B Srinivas, Executive Vice-President of VE Commercial Vehicles, echoed these sentiments: The extension of our business opportunity to TVS SCS at our VECV Baggad plant underscores the shared commitment of both companies to achieving strategic objectives and desired outcomes, further solidifying the foundation for continued growth and operational excellence. As part of the contract, TVS SCS will handle in-plant logistics services at the Baggad bus plant, focusing on ensuring timely receipt of parts, efficient storage, and picking of components from designated locations based on the Production Planning Control (PPC) teams schedule. The logistics provider will also be responsible for delivering parts to specific assembly lines according to the Bill of Materials (BOM), ensuring a steady flow of materials to maintain production line efficiency. This new partnership represents an important step in reinforcing the operational stability of VECVs bus facility, while also demonstrating TVS SCSs commitment to providing high-quality logistics solutions in Indias growing commercial vehicle sector.
Country India , Southern Asia
Industry Transportation
Entry Date 09 May 2024
Source https://newsonprojects.com/news/tvs-scs-secures-new-contract-for-eichers-bus-facility-in-baggad

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