Product Industrial Engineering - Bulletin Board

2023 

I am a happy. Prof. Beth Cudney, Ph.D, Professor of Data Analytics, Maryville University liked my comment. 

"Industrial engineering inputs to the product development process are important. Product industrial engineering makes significant contribution to product development."

on the post: 

https://www.linkedin.com/posts/bethcudney_delighted-to-share-that-my-latest-paper-entitled-activity-7087126844298203136-pieD  

2022

Stanley Black & Decker to slash SKUs, footprint in $1.5B savings plan

Published Aug. 1, 2022

https://www.supplychaindive.com/news/stanley-black-decker-supply-chain-transformation/628494/

The Company is embarking on a three-year journey to completely reshape its supply chain. By moving closer to customers, becoming more responsive to demand and enabling an agile innovation approach with shorter cycle times, the Company expects to deliver approximately $1.5 billion of cumulative cost savings.  To drive these efficiencies, the plan will focus on:

Leveraging strategic sourcing and contract manufacturing ($0.5 billion)

Consolidating facilities with a 30%+ reduction in manufacturing facilities from approximately 120 today ($0.3 billion)

Executing SBD Operating Model to deliver operational excellence through efficiency, simplified organizational design and inventory optimization ($0.4 billion)

Platforming products and implementing initiatives to drive a 40%+ SKU reduction ($0.3 billion).

https://markets.businessinsider.com/news/stocks/stanley-black-decker-reports-2q-2022-results-1031624855

Information on SKUs reduction also available in:

https://ir.stanleyblackanddecker.com/news-events/press-releases/news-details/2022/Stanley-Black--Decker-Reports-2Q-2022-Results/default.aspx