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Mafoi Strategic Consultants has partnered with Siemens to set up a division for vendor management. To start with, the division will work with vehicle-makers and their parts suppliers.
Vendor management involves tracking and rating the performance of vendors that supply to OEMs (original equipment manufacturers) and helping them perform better. “We want to convert vendors into strategic assets by bringing in certain checks and balances.
Vendor data
The idea is to enhance their visibility and commitment and, in turn, help OEMs manage costs better,” says K. Pandia Rajan, founder and Managing Director. The division is called Mafoi Connecting Dots, and Siemens is the technology partner.
The latter has created software that will provide a weekly dashboard of vendor data. The dashboard keeps real-time track of what is happening at the vendor end and whether he is on schedule or not.
When a vendor is not likely to supply on time, it flashes red, explains Rajan.
Mafoi hopes to work with the entire supply chain — OEMs, tier 1 vendors and their tier 2 and 3 sub-contractors. It will set up ‘vendor clinics’ to offer consulting support.
Mafoi has already obtained a mandate from auto components company Bharat Forge. Later, it plans to extend this service to aerospace and engineering companies.
Analytics wing
The Connecting Dots division currently has a team of 10 people across Chennai and Bangalore. It will be ramped up to 100 by March with offices in Coimbatore, Hyderabad, Mumbai, Pune, Ahmedabad, Delhi, Kolkata and Pitampur. Mafoi Strategic Consultants is the new venture set up by entrepreneur couple Pandia Rajan and Hemalatha Rajan, after parting ways with hiring firm Randstad.
In its new avatar, Mafoi is focused on education, business consulting and analytics. Recently, Mafoi set up an analytics wing in Bangalore and Chennai. It has bagged a “large” mandate from a US healthcare firm.
Mafoi Analytics will also develop solutions for the Indian market. It is targeting mid-sized private sector banks in the country. Mafoi also plans to set up a B-school in Madurai and later Chennai.
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