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The Hero Group
The Hero Group has done business
differently right from the inception and that is what has helped
us to achieve break-through in whatever product category we have
ventured in. The Group's low key, but focussed, style of management
has earned the plaudits amidst investors, employees, vendors and
dealers, as also worldwide recognition.
The growth of the Group through the years has been influenced
by the number of factors:
The Hero Group through the Hero Cycles Division was the
first to introduce the concept of just-in-time inventory. The
Group boasts of superb operational efficiencies. Every assembly
line worker operates two machines simultaneously to save time
and improve productivity. The fact that most of the machines are
either developed or fabricated in-house, has resulted in low inventory
levels.
In Hero Cycles Limited, the just-in-time inventory principle
has been working since the beginning of production in the unit
and is functional even till date. The vendors bring in the raw
material and by the end of the day the finished product is rolled
out of the factory. This is the Japanese style of production and
in India, Hero is the first company to have mastered the art of
the just-in-time inventory principle.
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