Mba 513 final carpenter

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<ul><li> 1. Carpenter Technology Corporation Phil Sampona Matt Furedi Matt Osterstrom</li></ul> <p> 2. Overview </p> <ul><li>History- Phil </li></ul> <ul><li>Products/Markets- Phil </li></ul> <ul><li>Financials- Phil </li></ul> <ul><li>Competitors- Phil </li></ul> <ul><li>Operational Strategy Matt F. </li></ul> <ul><li>Manufacturing Process Matt F. </li></ul> <ul><li>Improvement Process Matt F. </li></ul> <ul><li>Human Resources Matt O. </li></ul> <ul><li>Supply Chain &amp; Resource Planning Matt O. </li></ul> <ul><li>Locations Matt O. </li></ul> <p> 3. History 4. James Carpenter </p> <ul><li>In 1889, the year the Statue of Liberty first beckoned immigrants to the United States, founder James Carpenter laid the foundation for a legacy of materials innovation that continues today. </li></ul> <p> 5. Carpenter Beginnings </p> <ul><li>When early industry started turning from iron toward a new era of special steels, the Carpenter Steel Companys premier product at its one-building plant in Reading, Pennsylvania, was an air-hardened tool steel patented by Mr. Carpenter. The company would develop several more tool steels, ultimately offering the range of tooling that would be needed by the burgeoning industrial era. </li></ul> <ul><li>Mr. Carpenters tool steel patent would be the first of more than200 issued to the company for developments in melting technology, powder metallurgy, stainless steels, high-strength alloys, superior corrosion-resistant alloys, and other specialty metals. </li></ul> <p> 6. New Product Timeline </p> <ul><li>1928 : The worlds first free-machining stainless, Type 416 (still in use today). </li></ul> <ul><li>1937 : The Matched Set method of tool steel selection and heat treatment. Tool Steel Simplified would become an industry standard in tool and machine shops for 40 years. Carpenter continues to produce a broad spectrum of tool and die steels including gas-atomized powder metallurgy alloys. </li></ul> <ul><li>1934 : the first chrome-nickel free-machining stainless steel known today as Type 303. Fabricators were thrilled that the free-machining stainless improved tool life and productivity. As a result, the Carpenter name quickly became synonymous with stainless steels. </li></ul> <ul><li>1950s : Thanks to Carpenters Stainless No. 10, cold-heading wire customers dramatically improved production of bolts and other fasteners. </li></ul> <ul><li>1950s : Carpenter's 20Cb-3 stainless (Stainless 20) became a staple in the chemical-processing industry for decades.</li></ul> <ul><li>1968 : name changes to Carpenter Technologies to better reflect a diverse product line and technological capabilities </li></ul> <ul><li>1992 : received patent for super-strong AerMet 100 alloy.The alloy was first used on landing gear of jet fighters and aircraft carriers. </li></ul> <ul><li>1997 : introduced Custom 465 stainless steel to the aerospace industry. The alloy greatly exceeded expectations, finding many applications in diverse industries such as marine equipment, firearms, oil and gas drilling, and the medical industry. </li></ul> <ul><li>2002 :Carpentermetallurgists releasedthe Project 70+ family of stainless machining bar. </li></ul> <p> 7. </p> <ul><li>Carpenter Technology (NYSE:CRS) develops, manufactures and distributes high-performance specialty alloys to meet the challenges of advancing technologies.</li></ul> <p> 8. Products / Markets 9. Carpenter is all around you in these major global markets </p> <ul><li>Aerospace </li></ul> <ul><li>Automotive </li></ul> <ul><li>Consumer Products </li></ul> <ul><li>Defense </li></ul> <ul><li>Energy </li></ul> <ul><li>Industrial </li></ul> <ul><li>Medical </li></ul> <p> 10. Cars run hotter, jets flyfaster , and golf clubs hitfarther . Helping products perform better 11. Where performance is critical 12. A diverse product catalog </p> <ul><li>High-strength steels </li></ul> <ul><li>Superior corrosion-resistant alloys </li></ul> <ul><li>High temperature alloys </li></ul> <ul><li>Titanium alloys </li></ul> <ul><li>Controlled-expansion alloys </li></ul> <ul><li>Stainless steels </li></ul> <ul><li>Tool and die steels </li></ul> <ul><li>other specialty and custom grades </li></ul> <p> 13. A full range of product forms </p> <ul><li>Billet </li></ul> <ul><li>Bar </li></ul> <ul><li>Wire </li></ul> <ul><li>Precision strip</li></ul> <ul><li>Hollow and multi-dimensional bar </li></ul> <ul><li>Plate </li></ul> <ul><li>Fine wire and ribbon </li></ul> <ul><li>Loose powder </li></ul> <p> 14. 15. 16. A global presence </p> <ul><li><ul><li>About 50 manufacturing, sales and distribution facilities on four continents </li></ul></li></ul> <ul><li><ul><li>in 18 different time zones </li></ul></li></ul> <ul><li><ul><li>in more than a dozen languages </li></ul></li></ul> <ul><li><ul><li>in which more than 10% of our employees work outside the U.S. </li></ul></li></ul> <p>More than a steel company Since the early 1990s, Carpenter has grown from a U.S. specialtysteelproducer to aspecialty materialsproducer with a global reach. 17. International presence 18. Financials 19. Carpenter Sales FY 2009 20. 21. 22. 23. 24. Corporate Financial Information </p> <ul><li>Traded under ticker symbol CRS on New York Stock Exchange since 1937 </li></ul> <ul><li>Fiscal 2009 (ended 6/30/09): </li></ul> <ul><li>Sales - $1.36 billion </li></ul> <ul><li>Net income - $47.9 million </li></ul> <ul><li>Total assets - $1.49 billion </li></ul> <ul><li>Market capitalization - $794.7 million </li></ul> <p> 25. Competitors 26. Allegheny Technologies Nucor Corp United States Steel Corp 27. Operational Strategy 28. 29. Carpenters ManufacturingProcess 30. Carpenters ManufacturingProcess Carpenter manufactures hundreds of grades of specialty cast and powder alloys including stainless steels, high temperature (nickel, iron and cobalt-base) alloys, high strength steels, magnetic and controlled expansion alloys, tool steels, and other special purpose alloys.Product forms include bar, billet, large-diameter hollow bar, wire, fine wire and ribbon, precision strip, special shapes, plate, powder shapes. 31. Carpenters ManufacturingProcess Stainless and Specialty Metals </p> <ul><li>Electric-Arc Melting </li></ul> <ul><li>Argon-Oxygen Decarburization (AOD) </li></ul> <ul><li>Continuous Casting </li></ul> <p>1 of 5 PRIMARY MELTING:Primary melting produces specialty alloys in ingot or powder metal form for further processing.The arc melting process allows for certain alloys to be continuously cast into long ingots before hot rolling. 32. Electric Arc Melting 33. Carpenters ManufacturingProcess </p> <ul><li>Vacuum Induction Melting (VIM) </li></ul> <ul><li>Vacuum Arc Remelting (VAR) </li></ul> <ul><li>ElectroSlag Remelting (ESR) </li></ul> <p>PREMIUM MELTING:Carpenter has one of the most advanced premium melting operations in the world. VIM furnaces melt raw materials under controlled vacuum conditions to produce high-purity ingots and pre-alloyed powders. The VAR and ESR processes re-melt ingots to further impart desirable properties.Ingot HEAT TREATING 2 of 5 34. ElectroslagRe-melting 35. Carpenter ManufacturingProcess FORGING AND COGGING:Large ingots are rolled, pressed or forged into intermediate-sized billets for further processing. Some billet product may be shipped directly to customers. 4,500-Ton Forge Press SX-65 Rotary Forge SX-32 Rotary Forge In-Line Cogging Mills Billet HEAT TREATING 3 of 5 36. Rotary Forge 37. Carpenter ManufacturingProcess HOT ROLLING: Billets are progressively rolled to smaller cross-section sizes and emerge as hot rolled bars or coils of rod, wire, flat strip, or special shapes.Wire Rolling Mills Bar Rolling Mills Custom Lot Mill (Hand Mills) HEAT TREATING Coil Bar Strip 4 of 5 38. Hot Rolling Mill 39. Carpenter ManufacturingProcess COLD FINISHING: Various cold drawing, turning and rolling operations produce finished forms of bar, wire, fine wire and ribbon, strip, plate and special shaped bar and wire to exacting customer specifications.Product is then shipped to Carpenter distribution centers or direct to the customer.Large Bar Finishing In-LineBar-to-BarFinishing In-LineCoil-to-BarFinishing WireFinishing Strip and PlateFinishing 5 of 5 40. Cold Rolling Mill 41. Carpenters Improvement Process 42. </p> <ul><li>Manpower </li></ul> <ul><li>- Training Within Industry (TWI) training program (P&amp;M, supervisor) </li></ul> <ul><li>- Lean training </li></ul> <ul><li>Machine </li></ul> <ul><li>- Process capability study </li></ul> <ul><li>- Overall Equipment Effectiveness (OEE) </li></ul> <ul><li>Maintenance practices </li></ul> <ul><li>- Preventative maintenance </li></ul> <ul><li>- Daily maintenance</li></ul> <ul><li>5S, oil &amp; lubrication, tool checking </li></ul> <ul><li>- Corrective maintenance fixtures, jigs, overhaul </li></ul> <ul><li>- Maintenance prevention- spare parts control </li></ul> <p>Establish Stability -&gt; Improve Process Flow -&gt; Develop Pull -&gt; Level Production </p> <ul><li>Material </li></ul> <ul><li>Availability define stock levels </li></ul> <ul><li><ul><li>- Cycle stock inventory required to fulfill average demand </li></ul></li></ul> <ul><li><ul><li>- Buffer stock inventory to buffer against fluctuations in orders </li></ul></li></ul> <ul><li><ul><li>- Safety stock inventory to buffer against variability in internal mfg process </li></ul></li></ul> <ul><li>Quality </li></ul> <ul><li><ul><li>- Job Instruction sheets, standard work sheets, quality check sheets </li></ul></li></ul> <ul><li>Method </li></ul> <ul><li>- 5S, Visual Workplace, Standardized Work </li></ul> <ul><li>Metrics </li></ul> <ul><li>- Safety, Quality, Delivery, Cost </li></ul> <p>Stability Tools Lean Manufacturing Implementation Sequence Carpenters Improvement Process 43. Carpenters Metrics 44. Carpenters Metrics 45. 46. 47. 5S Examples 48. Visual Workplace Examples 49. Total Productive Maintenance Examples 50. Human Resources 51. Mission, Vision &amp; Values </p> <ul><li>Aspiration </li></ul> <ul><li>Provide high-performance material solutions to our customers. </li></ul> <ul><li>Principles </li></ul> <ul><li>Our employees safety is critically important to our business. </li></ul> <ul><li>We are here to make money for our shareholders and ourselves and have fun at the same time.</li></ul> <ul><li>Treat the shareholders money as if it were our own. </li></ul> <ul><li>View everything through the customers eyes. </li></ul> <ul><li>Transparency is required for good decisions. All news, good and bad, must be delivered timely and straightforwardly.</li></ul> <ul><li>Accountability we are each responsible to meet or beat our commitments! There are no explainable variances only contingency plans.</li></ul> <ul><li>Make fast, fact-based decisions, then execute with passion and focus. </li></ul> <ul><li>Partner with our stakeholders to drive enhanced performance. </li></ul> <ul><li>Provide a development culture for our people. </li></ul> <ul><li>Engage in passionate debate with everything on the table for consideration. Each opinion is respected on every issue, regardless of functional role. Once a decision is made we are one team. </li></ul> <ul><li>Plan-do-check-adjust-plan-do-check-adjust. Assess the need, take action, measure results and then improve continually. </li></ul> <ul><li>Communicate, listen, communicate.</li></ul> <ul><li>Ethical conduct, internal control and risk assessment is good business and is all our responsibility. </li></ul> <ul><li>Drive lean and standardized processes and generate results. </li></ul> <ul><li>Invest in our business and people for growth and for a future. </li></ul> <p> 52. Who works there? </p> <ul><li>Carpenter Technology Corporation attracts many of the best and brightest minds in the fields of materials science, engineering, information systems, manufacturing operations, logistics, and electrical, HVAC and other skilled maintenance functions.</li></ul> <ul><li>Talented people are attracted to Carpenters stability, competitive benefits package, and team approach to accomplishing goals.</li></ul> <p> 53. Carpenter Careers </p> <ul><li>College Recruitment Program </li></ul> <ul><li>Co-op Program </li></ul> <ul><li>Why Choose Carpenter? </li></ul> <ul><li><ul><li>We are large enough to provide you with the professional growth and advancement you desire.</li></ul></li></ul> <ul><li><ul><li>We are small enough to recognize and appreciate your personal contributions.</li></ul></li></ul> <ul><li><ul><li>We have great success working with and cultivating new talent.</li></ul></li></ul> <ul><li><ul><li>We provide a work environment that is diverse in its challenges and its opportunities.</li></ul></li></ul> <ul><li><ul><li>We seek innovative thinkers who will contribute to our international growth.</li></ul></li></ul> <ul><li><ul><li>We offer a competitive benefit package that exemplifies our position as an industry leader. </li></ul></li></ul> <p> 54. Current Career Opportunities 55. College Recruitment Program </p> <ul><li>Qualified students should have a minimum 3.0 grade point average </li></ul> <ul><li>All positions require self-starters who are highly motivated and who have excellent communication and interpersonal skills.</li></ul> <ul><li>Students must be able to operate under Carpenter's Company-wide Continuous Improvement philosophy, in which employees are expected to constantly strive to improve both their performance and company performance.</li></ul> <ul><li>Students may be asked to serve as members of Continuous Improvement teams, which analyze and resolve problems in production and other processes. </li></ul> <p> 56. Community Relations </p> <ul><li>Carpenter supports our local communities by: </li></ul> <ul><li><ul><li>Promoting science and math curriculum design in public schools. Providing scholarship funding to educational efforts such as summer materials camps, science &amp; engineering fairs, and Science Student of the Month. </li></ul></li></ul> <ul><li><ul><li>Providing funding to the arts, including the Reading Public Museum, the GoggleWorks Center for the Arts, and the Reading Symphony Orchestra. </li></ul></li></ul> <ul><li><ul><li>Supporting the United Way through monetary gifts and employee volunteerism. </li></ul></li></ul> <ul><li><ul><li>Supporting other human welfare programs such as Habitat for Humanity and Olivet Boys &amp; Girls Club. </li></ul></li></ul> <ul><li><ul><li>Donating to many locally based non-profit organizations. </li></ul></li></ul> <p> 57. Awards </p> <ul><li>Carpenter has been recognized by environmental organizations for the companys efforts to recycle, reuse and responsibly manage our natural resources. Environmental awards have included: </li></ul> <ul><li> Berks County Conservancy Community Excellence Award Pennsylvania Governors Award for Environmental Excellence </li></ul> <ul><li>In addition, Carpenter has consistently earned recognition as a preferred or quality supplier from customers including: </li></ul> <ul><li> Delphi Eaton Corporation Fisher Hamilton Sundstrand Mercury Marine Pratt and Whitney Rosemount United Technology Corp. </li></ul> <p> 58. Supply Chain &amp; Resource Planning 59. Raw Materials </p> <ul><li>Facilities are all located near necessary supplies </li></ul> <ul><li>Located on the Reading Railroad</li></ul> <ul><li><ul><li>Helps deliver supplies and finished products to customers </li></ul></li></ul> <ul><li>Centralized in major metro areas &amp; manufacturing hubs </li></ul> <p> 60. Quality </p> <ul><li>With its main manufacturing facility in Reading, Carpenters advanced manufacturing and quality systems enable them to meet a wide range of customer requirements and industry specifications throughout the world, including ASTM, AMS, DIN, and TV.</li></ul> <ul><li>Carpenters quality systems are also approved to ISO 9001:2000 and AS9100 standards. </li></ul> <p> 61. Distribution Networks </p> <ul><li>Sell through a proprietary sales and distribution network </li></ul> <ul><li>U.S. : 6 strategically located warehouses </li></ul> <ul><li>International:warehouses in Canada, Mexico, England, Belgium, China </li></ul> <p> 62. Resource Planning </p> <ul><li>Instituted Enterprise Resource Planning</li></ul> <ul><li><ul><li>Replaced a patchwork of systems </li></ul></li></ul> <ul><li>Cost Reduction </li></ul> <ul><li><ul><li>Information Technologies </li></ul></li></ul> <ul><li><ul><li>Saved 30% from 2002-2003 ($7 million) </li></ul></li></ul> <ul><li><ul><li>Cut 60 of 120 employees </li></ul></li></ul> <ul><li>Hh </li></ul> <p> 63. Locations 64. Specialty Alloys </p> <ul><li>Located in Reading, Pa since 1889 </li></ul> <ul><li>Large Working Class </li></ul> <ul><li>Nearby Suppliers and Consumers </li></ul> <ul><li>Access to Railroads and close to major metro areas </li></ul> <p> 65. Specialty Wire Products </p> <ul><li>Located in Orangeburg, South Carolina </li></ul> <ul><li><ul><li>Close to Raw Materials </li></ul></li></ul> <ul><li>Makes specialty alloy fine gauge wire and ribbon </li></ul> <ul><li>Finer than a human hair </li></ul> <p> 66. Talley Metals Technology, Inc. </p> <ul><li>Located in Hartsville, South Carolina </li></ul> <ul><li>Produces round, square and hex stainless steels in long product form </li></ul> <p> 67. Shalmet Corporation </p> <ul><li>Located in Orwigsburg, PA and Elyria, OH </li></ul> <ul><li>Trepanning (longitudinal boring) of bars </li></ul> <ul><li>Converter of black coil and bar to bright round bar and coil products in a range of alloys </li></ul> <p> 68. Carpenter Powder Products </p> <ul><li>Manufacturing:Sweden; Bridgeville, Pa; and Woonsocket, RI</li></ul> <ul><li>Research &amp; Design is located in Reading, Pa </li></ul> <ul><li>Makes loose metal powders, tool steels and niche tool steels </li></ul> <p> 69. Other Locations </p> <ul><li>Kalyani-Carpenter </li></ul> <ul><li>Joint venture with Kalyani Steels Ltd., Pune, India </li></ul> <ul><li>26% ownership in steel mill and 51% in distributor </li></ul> <ul><li>Dynamet Incorporated </li></ul> <ul><li>Located in Washington, Pa &amp; Clearwater, Fl </li></ul> <ul><li>Makes specialized titanium wire, precision shapes and bar products </li></ul> <p> 70. Questions 71. References </p>