Frost & Sullivan Honored Indian Manufacturing & Service Enterprises Demonstrating Operational Excellence and Best Practices at its Project Evaluation and Recognition Program 2019
Mumbai: The 5th edition of Frost & Sullivan’s Project Evaluation and Recognition Program (PERP) concluded on December 18, 2019, in Mumbai. This year 16 Awards and 14 Certificates of Merit were presented to companies that demonstrated operational excellence and implementation of best practices across industry sectors.
The 5th edition of Frost & Sullivan’s Project Evaluation and Recognition Program (PERP) concluded on December 18, 2019, in Mumbai. This year 16 Awards and 14 Certificates of Merit were presented to companies that demonstrated operational excellence and implementation of best practices across industry sectors. PERP is a unique platform designed to recognize projects undertaken by manufacturing and service enterprises in India to achieve business goals, create competitive businesses, enhance sustainability and facilitate change management in today’s complex business environment.
PERP as a platform was established in 2014 when Frost & Sullivan saw the need to have a common platform where small victories are celebrated and honored. The categories in which participating companies were scrutinized and their performance evaluated on included Operational Excellence Leadership, Process Innovation Leadership, Customer Value Leadership, Cost Leadership, Supply Chain Leadership, Quality Enterprise Leadership, Environment Leadership, Safety Leadership, Human Capital Leadership, Information Technology Leadership, and Logistics Excellence Leadership. In addition, seven new categories under the umbrella of technology were introduced this year, namely, Additive Manufacturing, Big Data Analytics, Artificial Intelligence, Digital Modeling, Augmented/Virtual Reality, Smart Products & Solutions, and Automation & Robotics.
Raghavendra Rao, Associate Partner & Senior Vice President, Frost & Sullivan, said, “Any large achievement starts with a series of smaller successes and ideas that finally congregate into the larger mandate. This is the essence of PERP, and the idea that supports it is to recognize those islands of brilliance and examples of successes that are eventually collectively instrumental in achieving the larger objective of the organization. In the race for the larger accolades, these projects must not be compromised or left unrecognized, which are critical to keeping the teams motivated and in limelight.”
Talking about the awards program and the participation this year, Gowtham Sivabalan, Director, Manufacturing & Process Consulting Practice, Frost & Sullivan, said “Improvement projects in organizations are no longer about addressing inefficiencies; they are becoming the proving ground for innovative and novel methodologies that are employed for being future-ready. With the ever-increasing evaluation benchmarks, it is heartening to witness a high number of shortlisted projects. Besides serving as a catalyst for continual improvement by encouraging participants, PERP is acknowledged by organizations for its benefits of cross-pollination of ideas and shortening the learning curve. It honors projects that are unique in their approach, are inventive as a solution or are a demonstration of dogged efforts in addressing a chronic issue.”