Our Culture of Continuous Improvement
The Stanley Fulfillment System, or SFS, is our way of business and our competitive advantage, driving all of Stanley Black & Decker toward best-in-class operational discipline and customer service. SFS is key to our ability to excel in integrating acquisitions, increasing efficiencies and growing our free cash flow base. In 2012 we increased total company working capital turns 4 percent from 7.2 to 7.5. As we march toward our mid-decade goal of 10 turns, we will continue to unlock and create significant value going forward.
SFS is evolving, too, as a breakthrough business model. We are already applying SFS principles to key aspects of our global enterprise, such as our environmental, health and safety performance, and making rapid progress in turning our supply chain into a Glass Pipeline—collaborative, integrated and completely transparent.
More on SFS here.
Tessenderlo, Belgium Distribution Center
“We have streamlined our CDIY distribution model with the opening of the Tessenderlo, Belgium Distribution Center, maximizing synergies between CDIY brands Stanley, Black & Decker, DEWALT and Bostitch. Customers can order once and enjoy improved freight costs due to optimal location. The new facility integrates several distribution operations, while gaining $3.5M in annual savings and centralizing inventory for Western Europe.”Henk Vyncke Vice President Supply Chain & Logistics
2012 Showcase Factory” –
Fasteners Plant in Poland
At Wroclaw we are creating a culture where all employees share improvement ideas and opportunities so we can own the solutions together, every minute, every hour and every day… By constantly questioning how you do things, by constantly tweaking, you don’t outflank your competition next quarter. You outflank them next decade.Andrew Leja Plant Manager, Wroclaw, Poland, CDIY
Impact on GMT Acquisition in China
“The addition of GMT has given us a solid platform to launch our Security business in China with a leadership position in the glass hardware market. SFS implementation in the first year has brought in savings of over $1M through close to 30 focused improvement projects. The greatest opportunity we have in the future is to capture the glass hardware market in the international market outside China.”Aru Bala President, Asia Pacific/Emerging Markets Stanley Security Solutions