INNOVATION: SUSTAINABLE DEVELOPMENT AND PROGRESS - PowerPoint PPT Presentation

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INNOVATION: SUSTAINABLE DEVELOPMENT AND PROGRESS

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  1. INNOVATION: SUSTAINABLE DEVELOPMENT AND PROGRESS Josh Mays Michelle Moran Juliana Camilotti Steven Nguyen

  2. 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

  3. 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

  4. VISION 3M Technology Advancing Every Company 3M Products Enhancing Every Home 3M Innovation Improving Every Life

  5. SUPPLY CHAIN Simple Supply Chain • Acquire Orders • Print to 3M • Procure Raw Materials • Supplier Direct • Manufacture Products • Fill Orders Pull Supply Chain Model

  6. 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

  7. PROCUREMENT E-Procurement • TPN Marketplace • Purchase contracted goods from a group of online suppliers • Supplier Direct • References • Documents • Forms • Links • Track Payments

  8. INVENTORY Manufacturing Hubs • Reduced the need to keep large inventories • Health Sector is the only that requires extra inventory

  9. MANUFACTURING • 214 Manufacturing Companies • 41 Countries • 10 Super Hubs • 6 in the U.S. • Poland • Singapore • Japan • Germany Eliminating Supply Chain Hairballs

  10. MANUFACTURING

  11. LOGISTICS & TRANSPORTATION Logistics • Plants in diverse markets • Manufacturing Hubs • Warehouses Transportation • Truck • Rail • Water • Standard Palletization Postponement Partners • DHL • Fiege • Schenker-Joyau • DSV

  12. 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

  13. UNIQUENESS • Diverse and rapidly changing company • Innovation is part of the Corporate Culture • Synergy in global network • Tracking and Tracing solutions • Centralized Transportation Controls

  14. COMPETITION Diversification • Competition in each of the market segments • General Electric Co. • Honeywell International Inc. New Product Vitality Index

  15. 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

  16. 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.

  17. QUESTIONS?