Your Lean, Reliable Partner WHERE WE ARE LOCATED
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FALCON FASTENING SOLUTIONS Your Lean, Reliable Partner WHERE WE ARE LOCATED: West Union, SC (onsite branch) 2001 Blythewood, SC (onsite branch) Charlotte, NC 2004 Headquarters (office / warehouse) 1979 Louisville, KY (office / warehouse) 2009 Copyright 2014 Falcon Fastening Solutions, Inc.® | All Rights Reserved FALCONFASTENING.COM YOUR LEAN AND RELIABLE PARTNER FOR FASTENING SUPPLY AND INVENTORY MANAGEMENT SOLUTIONS. AND THE CAPABILITY TO SERVE: Blog Article: “Mitigating Risk in Purchasing and Supply Chain Management with Cloud Services” Author: Giovanni Cespedes …anywhere with internet connectivity Click Here Copyright 2014 Falcon Fastening Solutions, Inc.® | All Rights Reserved FALCONFASTENING.COM YOUR LEAN AND RELIABLE PARTNER FOR FASTENING SUPPLY AND INVENTORY MANAGEMENT SOLUTIONS. SERVING CLIENTS IN: United States: California Tennessee Connecticut Texas Florida Virginia Georgia Wisconsin Indiana Kentucky Mexico: Massachusetts Monterrey Michigan Nuevo Leon Minnesota New York Taiwan: North Carolina Taipei Ohio South Carolina Copyright 2014 Falcon Fastening Solutions, Inc.® | All Rights Reserved FALCONFASTENING.COM YOUR LEAN AND RELIABLE PARTNER FOR FASTENING SUPPLY AND INVENTORY MANAGEMENT SOLUTIONS. Founded in 1979, as Falcon Metal Corporation + we became Falcon Fastening Solutions, Inc. Copyrightin 2014 2014 Falcon Fastening Solutions, Inc.® | All Rights Reserved FALCONFASTENING.COM YOUR LEAN AND RELIABLE PARTNER FOR FASTENING SUPPLY AND INVENTORY MANAGEMENT SOLUTIONS. 97% OF OUR CUSTOMERS ARE ORIGINAL EQUIPMENT MANUFACTURERS Copyright 2014 Falcon Fastening Solutions, Inc.® | All Rights Reserved FALCONFASTENING.COM YOUR LEAN AND RELIABLE PARTNER FOR FASTENING SUPPLY AND INVENTORY MANAGEMENT SOLUTIONS. INDUSTRIES WE SERVE Steam Traps After Market Steam Control Telecommunications Commercial Automotive Systems HVAC Utilities - CNC Router Custom Trailer Material Handling Packaging Electric Meters Manufacturing Manufacturing Equipment Copyright 2014 Falcon Fastening Solutions, Inc.® | All Rights Reserved FALCONFASTENING.COM YOUR LEAN AND RELIABLE PARTNER FOR FASTENING SUPPLY AND INVENTORY MANAGEMENT SOLUTIONS. OUR SPECIALTY IS PROVIDING MAXIMUM COST SAVINGS THROUGH OUR VENDOR MANAGED INVENTORY SERVICES 90% OF OUR INVENTORY IS CUSTOMER-SPECIFIC, MADE-TO-PRINT PARTS Copyright 2014 Falcon Fastening Solutions, Inc.® | All Rights Reserved FALCONFASTENING.COM YOUR LEAN AND RELIABLE PARTNER FOR FASTENING SUPPLY AND INVENTORY MANAGEMENT SOLUTIONS. MANAGED INVENTORY SERVICES For more info on each program please click logos Copyright 2014 Falcon Fastening Solutions, Inc.® | All Rights Reserved FALCONFASTENING.COM YOUR LEAN AND RELIABLE PARTNER FOR FASTENING SUPPLY AND INVENTORY MANAGEMENT SOLUTIONS. QUALITY ON A CONSISTENT BASIS Falcon Fastening Solutions, Inc. is proud to be ISO 9001:2008 Accredited in our Charlotte and Louisville Facilities Our Quality Policy: For every new standard or specialty part we “Falcon Fastening Solutions, Inc. is committed to providing high source, Falcon goes quality products and services competitively priced that meet or through an extensive exceed our customers’ expectations by continually improving the inspection process. effectiveness of our quality management system” Copyright 2014 Falcon Fastening Solutions, Inc.® | All Rights Reserved FALCONFASTENING.COM YOUR LEAN AND RELIABLE PARTNER FOR FASTENING SUPPLY AND INVENTORY MANAGEMENT SOLUTIONS. GLOBAL REACH, LOCAL PRESENCE Falcon Fastening Solutions offers our customers the advantage of a high-quality global supply chain established by more than 35 years of refinement. Proud Members of the: Global Supply Alliance The GSA works toward identifying a limited number of preferred GSA suppliers, increasing business with these suppliers, and improving our position in the global supply chain for inventory, lead time and total cost. Copyright 2014 Falcon Fastening Solutions, Inc.® | All Rights Reserved FALCONFASTENING.COM YOUR LEAN AND RELIABLE PARTNER FOR FASTENING SUPPLY AND INVENTORY MANAGEMENT SOLUTIONS. OUR CLIENTS VALUE . Documented cost savings reported on an ongoing basis Testimonial: . Eliminated production downtime and/or delays “I consider Falcon to be my . Trained skilled back-up at every customer service level. strongest supplier. They do more than just fill orders; . Ongoing continuous improvement through kaizen events they take care of every aspect of my hardware . Flexible to meet my unique needs needs so that I can focus on other areas that need my . Reduced my investment in on-hand inventory very limited time…I learn from them daily.” . No interruption in my business when they became my supplier - Russell Herron Fab Fours Lancaster, SC Copyright 2014 Falcon Fastening Solutions, Inc.® | All Rights Reserved FALCONFASTENING.COM YOUR LEAN AND RELIABLE PARTNER FOR FASTENING SUPPLY AND INVENTORY MANAGEMENT SOLUTIONS. CLIENT STORY Copyright 2014 Falcon Fastening Solutions, Inc.® | All Rights Reserved FALCONFASTENING.COM YOUR LEAN AND RELIABLE PARTNER FOR FASTENING SUPPLY AND INVENTORY MANAGEMENT SOLUTIONS. SITUATION In 2004, Spirax wanted to identify a cost savings strategy aimed at production components and consumables. MAJOR CHALLENGES: • Demand/forecasting levels were inconsistent. As a result: • The company struggled with high inventory levels (several months worth+) and the cost associated with this mode of operation. • The company experienced downtime during significant production fluctuations. • The percentage of time (labor hours) purchasing, receiving, stocking and managing the internal distribution/movement of these parts was disproportionate to the total spend on these parts. Copyright 2014 Falcon Fastening Solutions, Inc.® | All Rights Reserved FALCONFASTENING.COM YOUR LEAN AND RELIABLE PARTNER FOR FASTENING SUPPLY AND INVENTORY MANAGEMENT SOLUTIONS. ANALYSIS • Spirax identified 600+ part numbers Objectives supplied by 65 vendors with whom Implement a program to consolidate as purchases were <$75K per year. many vendors as possible • With Falcon’s help, Spirax analyzed Reduce the financial investment in inventory how these items were purchased, Reduce incidents of stock-outs affecting received and stocked as well as the production current production dollars tied up with in-stock inventory. Restructure / reallocate internal labor to more important functions Reduce movement of products in the plant and have more “point-of-use” items Copyright 2014 Falcon Fastening Solutions, Inc.® | All Rights Reserved FALCONFASTENING.COM YOUR LEAN AND RELIABLE PARTNER FOR FASTENING SUPPLY AND INVENTORY MANAGEMENT SOLUTIONS. 2 YEAR RESULTS WITH FALCON • Consolidation of 65 vendors to 1 partner/supplier • Using Falcon’s Reliable Stock™ Onsite Branch solution, Spirax: Virtually eliminated inventory investment. The onsite inventory is owned by Falcon until it is moved to the point-of-use location directly on the production floor. (On average, Spirax has 1-2 days worth of owned inventory) Could make better use of internal labor hours since Falcon’s solution includes an onsite Branch Manager who manages the ordering, receipt, stocking and replenishment of inventory. Eliminated inventory stock-outs using Falcon’s kanban method of POU replenishment Eliminated production downtime associated with their production components and consumables. Copyright 2014 Falcon Fastening Solutions, Inc.® | All Rights Reserved FALCONFASTENING.COM YOUR LEAN AND RELIABLE PARTNER FOR FASTENING SUPPLY AND INVENTORY MANAGEMENT SOLUTIONS. 10 YEARS LATER… • Falcon supplies 621 production components that have 789 point-of-use stocking locations. • In addition, Spirax leveraged their relationship with Falcon to organize and supply 1,124 parts for their tool room. • Spirax realizes an average annual savings of 6% with Falcon’s Reliable Stock™ Onsite Branch solution! Copyright 2014 Falcon Fastening Solutions, Inc.® | All Rights Reserved FALCONFASTENING.COM YOUR LEAN AND RELIABLE PARTNER FOR FASTENING SUPPLY AND INVENTORY MANAGEMENT SOLUTIONS. UNCOVER SAVINGS IN YOUR OPERATION TODAY! Schedule a free onsite review of your current processes including an in- depth inventory evaluation of your fasteners and class C production components to identify areas of cost savings. Receive a detailed report identifying areas for cost savings. Receive an estimated annual cost savings amount (dollar/percent) Receive a written cost savings guarantee when you choose Falcon Fastening Solutions! Schedule Your FREE Onsite Review Copyright 2014 Falcon Fastening Solutions, Inc.® | All Rights Reserved FALCONFASTENING.COM YOUR LEAN AND RELIABLE PARTNER FOR FASTENING SUPPLY AND INVENTORY MANAGEMENT SOLUTIONS. CONTACT US TODAY If you would like to schedule your free onsite review via email or phone, please contact: Steve Spoon [email protected] 800-438-0332 x 21 Copyright 2014 Falcon Fastening Solutions, Inc.® | All Rights Reserved FALCONFASTENING.COM YOUR LEAN AND RELIABLE PARTNER FOR FASTENING SUPPLY AND INVENTORY MANAGEMENT SOLUTIONS..