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INNOVATION: SUSTAINABLE DEVELOPMENT AND PROGRESS. Josh Mays Michelle Moran Juliana Camilotti Steven Nguyen. COMPANY. Founded in Minnesota in 1902 as Minnesota Mining Manufacturing Company 214 plants in 41 countries 40 countries with manufacturing operations
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INNOVATION: SUSTAINABLE DEVELOPMENT AND PROGRESS Josh Mays Michelle Moran Juliana Camilotti Steven Nguyen
COMPANY • Founded in Minnesota in 1902 as Minnesota Mining Manufacturing Company • 214 plants in 41 countries • 40 countries with manufacturing operations • 35 countries with laboratories • Operations in 28 states in U.S. Inge G. Thulin Chairman of the Board, Presidentand Chief Executive Officer
COMPANY • 65,000 different products in 6 different sectors • Health Care • Consumer and Office • Industrial and Transportation • Display and Graphics • Electro and Communications • Safety, Security and Protection Services
VISION 3M Technology Advancing Every Company 3M Products Enhancing Every Home 3M Innovation Improving Every Life
SUPPLY CHAIN Simple Supply Chain • Acquire Orders • Print to 3M • Procure Raw Materials • Supplier Direct • Manufacture Products • Fill Orders Pull Supply Chain Model
ORDER PROCESSING Print to 3M • New solution for customer service and electronic ordering • Customers send their POs electronically to 3M 3M Innovation Center of Technical Excellence
PROCUREMENT E-Procurement • TPN Marketplace • Purchase contracted goods from a group of online suppliers • Supplier Direct • References • Documents • Forms • Links • Track Payments
INVENTORY Manufacturing Hubs • Reduced the need to keep large inventories • Health Sector is the only that requires extra inventory
MANUFACTURING • 214 Manufacturing Companies • 41 Countries • 10 Super Hubs • 6 in the U.S. • Poland • Singapore • Japan • Germany Eliminating Supply Chain Hairballs
LOGISTICS & TRANSPORTATION Logistics • Plants in diverse markets • Manufacturing Hubs • Warehouses Transportation • Truck • Rail • Water • Standard Palletization Postponement Partners • DHL • Fiege • Schenker-Joyau • DSV
INFORMATION SYSTEMS • Before • Fragmented ERP systems • 2010 • Implementation of SAP Business Suite 7 • Leverage global demand forecasting • Supply chain planning • Management: use SAP’s Business Intelligence Software – compare performance
UNIQUENESS • Diverse and rapidly changing company • Innovation is part of the Corporate Culture • Synergy in global network • Tracking and Tracing solutions • Centralized Transportation Controls
COMPETITION Diversification • Competition in each of the market segments • General Electric Co. • Honeywell International Inc. New Product Vitality Index
CHALLENGES & RECOMMENDATIONS Challenges: • Track growing list of products manufactured • Switching to new Hub Manufacturing • Strategies for plant locations • Demand driven Recommendations: • Continue implementing Hub-type manufacturing • Close smaller manufacturing • Continue improving and implementing a globalized ERP system
CONCLUSION 3M is a great example of a company that has been able to reinvent itself over and over. Even though it was created for mining, which it soon failed at, it was able to pick itself back up and pioneer into new industries. This spirit is still what drives 3M today. Now, however, it is not products or fields that 3M is having to be innovative in, it is its supply chain. Internally, their supply chain was known to have “hairballs”, but for the past few years the company has been working on ways to fix them, starting with what they call super-hubs.
