mcs group4
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Section D
Group 424 Jul 13
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Introduction
Leader in steam engineering and control instrumentation Started in 1926 as textile accessories supplier .JV with Spirax Sarco, UK
(steam energy technology leader).
1958 - Spirax Marshall unit in kasarwadi, pune with 12 employees.
Today
6 JVs
3 manufacturing units- Kasarwadi and Pimpri in Pune and Hyderabad.
Revenue - 750 crores
Steam and control instrumentation - 60 years !
Manufactures entire spectrum of engg products related to power industry,processes , energy conservation .
Awards for innovation and energy saving
Many patented designs
ISO 9001 certified
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Awards
5th best place to workfor in 2012 - ET survey
Fourth time in ET surveylist since 2006
Best Human Responseaward by Pune rotaryclub and MCCIA for
ethical HR practices, CSRwork and employeerelation
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CSR Health care , education,
employment opportunitiesfor women. Supports manyNGOs.
President's award for CSR,
recognition by MCCIA , SPJain management institute,PMI.
Eco initiatives - rain water
harvesting , recycled waterfor gardening , no artificiallightening during day time .
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Work culture
People first
Freedom , motivation ,
Whole hearted participation , hand holding by seniors
No micromanagement
Training for technical as well as personality development External trainings in Stanford university , ISB Hyd .
Employees allowed lateral shift within the company. Goalcongruence.
Long service awards for employees with 15, 21,25 ,30 yrs ofjob with the company
Long standing relationship with vendors , allows few toparticipate in product development.
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Management style
Ethical
Transparent
Employee friendly Participative
Informal
Internal control Family culture
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Organization Structure
Flat Structure(horizontal organization)
CEO
Vice President
Finance
Vice President
HR
Vice President
Manufacturing
Chief
Accounta
nt
Budget
Analysis
Plant
Support
Maintana
nce
Support
Training
Specialist
Benefits
Administ
rator
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Why Flat(Horizontal)
Few or no level of intervening management
between staff and managers.
IDEA- Well-trained worker will more
productive when they are more directly
involved in decision making process.
(As Forbes Marshall is a manufacturing
and production organization, Flat structure
help company for total improvement ).
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Results
Recognized 2ndbest company in the
manufacturing and production industry.
No 11 in the top 25 Best Workplaces in
India.
2ndbest company in employee participation in
CSR activities.
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Bobby Kuriakose (GM- HR)
Management trainee to
general manager of H.R.
Why Forbes Marshall
Very open and familyoriented culture.
Learning culture.
Focus on FUN at work.
People Friendly policy
(Great place to work)
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Revenue Center and Expense Center
Revenue centerSales and Marketing
department. (Mostly in B2B business).
Expense centerPurchase department, HR
department.
Engineering Expense centerFactory cost,
Manufacturing cost, Warehousing cost,
Transportation cost.
Discretionary Expense Center--Finance
Department, HR Department, CSR.
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Key performance indicators
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The key indicators at Forbes Marshall
Factory efficiency= Total minutes produced X 100
Total minutes attended
Man to machine ratio
On-Time delivery = Total orders shipped on time
Total orders shipped in a quarter
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Continued
Right first time quality
Represented in percentages
Total audits passed in first time out of total audit
conducted by auditors
Done in various stages of production.
Downtime percentage
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Continued
Value added per employee- This is one of the main
performance indicator at Forbes Marshall.
Calculation= (Sales-Material cost)/ No. of employees
16.91 18.57 19.36
22.02
25.92
29.36
0
5
10
15
20
25
30
35
2005-06 2006-07 2007-08 2008-09 2009-10 2010-11
Achievement
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Contact..
Corporate Office - Pune (Kasarwadi)
Manufacturing Units- Pune(Kasarwadi,Pimpri), Hyderabad.
Branches(For Marketing)- Ahmedabad, Alibag,Bangalore, Chandigarh, Chennai, Coimbatore,Delhi, Hyderabad, Indore,Jamshedpur, Kochi,Kolcatta, Lucknow, Mumbai, Nagpur, Surat and
many more. International Offices -Africa, Australia,
Canada, Colombia, Indonesia, Malaysia,
Srilanka, Thailand, Dubai, USA.