
Lubricating 3X Volume Growth and 100% Inventory Accuracy for a Leading Oil & Lubricant Company
The lubricant industry backs the durability and smooth operability of machinery across diverse sectors. For the Indian market, the oil and lubricant sector has been on an upward trajectory, from its 2023 valuation of 7.19 billion to its anticipated spike at a CAGR of 4.4% by 2030. To address this growth in the industry, there is a pressing need for robust supply chain solutions that can efficiently support and sustain this expansion.
Our customer, a leading oil, gas, and lubricant company offering a wide range of products, was seeking to optimize warehousing space to improve inventory handling and visibility, enabling them to scale operations effectively. They required a solution that could seamlessly integrate with their existing supply chain framework while enhancing resource utilization and operational productivity.
Scaling Operations with Technology-Led Warehousing Solutions
As part of our contract logistics services, our tailored warehousing solutions enabled seamless scalability and operational efficiency for our customer. Managing warehousing operations in Chennai, with a current monthly volume of 7,500 KL, and in Coimbatore, with 1,700 KL, these solutions facilitated a significant scale-up from an initial 2,000 KL to the present capacity.
Warehousing Space Optimisation:
- We transformed traditional storage into G+5 and G+6 levels, effectively utilizing the available vertical space
- Smart and strategic measures were introduced, such as segment-wise storage of materials in barrels, buckets, and carton boxes
- This systematic layout facilitated swift inventory management while streamlining the loading and unloading processes
Managing End-to-End Warehousing Operations:
- We manage end-to-end warehousing operations including inbound handling, storage, repacking as needed, outbound logistics, and comprehensive documentation (such as invoices, e-way bills, and LR)
- To streamline operations, we introduced a manual dock leveler, ensuring smooth loading and unloading
- In line with our commitment to sustainability, we implemented several eco-friendly practices, such as tracking and periodically reviewing electricity consumption—turning off lights when not required and using alternate lighting options
- Additionally, we use diesel generators only when necessary and have significantly reduced paper consumption to minimize our environmental impact
Visibility through Technology-Enabled Operations:
- We implemented our Warehousing Management System (WMS) to properly track and manage inventory, ensuring real-time updates and better control over stock
- With the WMS, tasks like inventory tracking, order fulfilment, and reporting became more efficient, allowing the team to focus on higher-priority tasks and improving overall throughput
- Additionally, the system’s advanced reporting tools provide actionable insights into inventory movement and operational performance, supporting data-driven decision-making
Decanting Area for Leakage Management:
- We introduced a decanting area to store leaked barrels or boxes to reduce waste
- Improving the leakage maintenance routine has safeguarded the inventory from the risk of facing any damage
Igniting Success for A Leading Oil & Lubricant Company in Southern India
- 3X volume growth (from 2,000 KL to 7,500 KL) in Chennai
- 100% inventory accuracy at both locations
- 99% adherence to loading and unloading TAT at both locations
- 98% truck detention rate in Chennai & 99.5% in Coimbatore
- 99% manpower productivity in Coimbatore & 95% in Chennai
- 100% Environmental Health & Safety (EHS) policy adherence at both locations
As demand for higher volumes and operational efficiency continues to grow across industries, businesses need solutions that offer scalability and precision. Achieving this requires a strategic approach to warehousing and supply chain management that enhances both productivity and sustainability. If you’re looking to optimise your operations and scale effectively, feel free to connect with us at enquiries@mahindralogistics.com for tailored solutions.