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Cooper Lighting

Cooper Lighting. Background and Potential Projects. Contents. Cooper Industries Overview Cooper Industries Portfolio Cooper Lighting Overview Brands and Markets Potential Projects: Make to Stock Supply Chain Optimization Key Supplier Inventory Model High Mix Inventory Modeling.

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Cooper Lighting

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  1. Cooper Lighting Background and Potential Projects

  2. Contents Cooper Industries Overview Cooper Industries Portfolio Cooper Lighting Overview Brands and Markets Potential Projects: Make to Stock Supply Chain Optimization Key Supplier Inventory Model High Mix Inventory Modeling

  3. Cooper Industries Overview Our history began in 1833 as a foundry started by Charles and Elias Cooper in Mt. Vernon, Ohio. As the third oldest non-financial company in the S&P 500, Cooper’s history has spanned 37 U.S. Presidents, numerous global events such as the Great Depression and two World Wars, and transformational technology advances such as the automobile and personal computer. Since the beginning, our success has been attributable to a focus on innovation, modernizing our business practices while maintaining the highest ethical standards, and meeting our customers’ needs. As we celebrate the history and accomplishments of the Cooper team over the past 175 years, we come to better understand our role in securing this proud company’s bright future. Cooper's employees, product portfolio, business model, Cultures & Values, Principles and ability to execute its Business Initiatives combine to provide us a great sense of optimism for the years ahead Culture & Values Principles1. Integrity 1. Passion for the Customer 2. People & Leadership 2. Innovation is Our Lifeblood3. Accountability 3. Leveraging Technologies4. Speed & Adaptability 4. Excel at Globalization5. Execution 5. Continuous Improvement in Everything We Do Cooper Industries is organized in two business segments: Electrical Products and Tools Group. Each segment contains divisions, typically focused on key product lines and services. Contact information for the Company's corporate office and division headquarters locations appears below:

  4. Cooper Industries Business Portfolio Lighting $1,300+/- million (1956) Crouse-Hinds $700+/- million (1897) Bussmann $450+/- million (1914) Power Systems $1,000+/- million (1911) B-Line $300+/- million (1969) Wiring Devices $300+/- million (1890) Menvier $450+/- million (1975) Power Tools $250+/- million (1967) Hand Tools $500+/- million (1864) Global Company with World-Class Collection Of Businesses

  5. Cooper Lighting Overview • Division founded in 1986, with products dating to 1956 • Headquarters – Peachtree City, GA • 5,400 employees in 24 facilities, 3,300 Employees in US • Broad Product Offering Reaching Commercial & Industrial, Residential, Utility, International and Energy Markets • Strong Focus on Continuous Improvement through 6-Sigma and Lean Activities

  6. Commercial & Industrial Residential Utility International Cooper Lighting—Brands and Markets Leadership Brands…Serving: Broad Range of Offerings in Multiple Markets

  7. Project: Make to Stock Supply Chain Optimization Project Description: Cooper Lighting sales are 55% from make-to-stock (MTS) products. More than half of these are produced in 6 core factories in North America, and all are distributed through 8 distribution centers. Using customer demand and location data, students will create recommendations for distribution center stocking that minimize replenishment freight, outbound freight, and inventory, without reducing service. For the purposes of the study, manufacturing locations will be considered as fixed for products. Proposal must incorporate cost impacts of any modal (e.g.: full truck load vs less than truck load) shifts. Cooper Lighting has extensive data available on freight costs, product demand, customer locations, demand patterns, and product flow. Student Skills: Capability to create and program complex modeling tools, and the ability to use these to propose changes to Cooper Lighting’s distribution network and stocking plan. Cooper Sponsors: Ed Russman; Supply Chain Director Mandy Timmons; Demand and Forecast Manager Cooper Data Resources: Mel Frazier; Transportation Services Manager Eric Copeland: Logistics Systems Manager Kathryn Snow; Demand Planning Analyst Dollar Impact: Achieve $2M reduction in combined freight and distribution center costs Achieve $1M in inventory reduction

  8. Mississauga Calgary Vernon Hills Cranbury EGV (BLine) Denver Southaven Eufaula Peachtree City Ontario Vicksburg Vicksburg Americus Mexicali Dallas Juarez Juarez Eufaula Monterrey Monterrey Core Plants Major Distribution Centers Project: Make to Stock Supply Chain (cont’d) • Six Core Manufacturing Plants • Americus, GA • Eufaula, AL • Vicksburg, MS • Juarez, Mexico • Monterrey, Mexico • Mexicali, Mexico • Major service center in Peachtree City, GA • Large Retail DC’s in Southaven, MS and Ontario, CA • Regional DC’s in • Elk Grove (Chicago) • Cranbury • Mississauga • Monterrey • Dallas Cooper Lighting’s Distribution Network Includes 4800 finished goods produced, stored, and delivered within N. America. Can we optimize stocking locations so that freightand inventory are minimized and service maximized?

  9. Project: Key Supplier Inventory Model Project Description: The Senior Design Team will evaluate current buying practices for high variability products and develop a process to improve cost and inventory, and non value work. Additional Details: • Over 3000 spun SKUs purchased annually from Atlanta based supplier. • Current ordering process is manual and based on SAP historic demand using APU (Average Purchasing Units) & Current Requirements. • Review SKUs and determine MOQ using the standard EOQ (Economic Order Quantity) formula and develop best method to establish standard price and reduce costing impacts to the business. Student Skills: Analytical, Process oriented, Diligence. Cooper Sponsor: Ed Russman; Supply Chain Director Cooper Data Resource Dan Woodham; Associate Director for Strategic Sourcing Dollar Impact: $400,000 in cost savings & $50,000 inventory reduction

  10. Project: High Mix Inventory Modeling Project Description: Cooper Lighting provides a wide variety of products to many end markets. In order to offer a full portfolio, and thereby capture project business, Cooper must necessarily stock high mix, low volume sku’s. Traditional inventory reorder practices are inadequate for these items, many of which have a standard deviation to mean ratio of >3. The project is to develop a non-traditional inventory modeling tool that provides recommendations that improves service and reduces inventory. Student Skills: Outstanding analytical and statistical skills Cooper Sponsor: Mandy Timmons; Forecast and Planning Manager Cooper Data Resource: Kathryn Snow; Demand Planning Analyst Dollar Impact: $250,000 in inventory reduction

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