Stanley Black & Decker: Increasing efficiencies and reducing product costs with contextual recommendations from Partsimony

Established in 1843, Stanley Black & Decker stands as a trusted global leader, renowned for providing tools and innovative solutions that fortify infrastructure systems, construct bridges, and fuel everyday life. Driven by an unwavering commitment to delivering high-quality, cost-effective products, Stanley Black & Decker embarked on a journey to elevate their product designs and manufacturing supply chain network. Partsimony’s unique unification of engineering and manufacturing supply chain context provided Stanley Black & Decker with deeper context to rapidly identify potential solutions to reduce component costs and increase organizational productivity in a repeatable and sustainable manner. Download the Document

PUBLICPicture Credit | Stanley Black & Decker, New Britain, CT/United States. Used with permission.Established in 1843, Stanley Black & Decker stands as a trusted global leader, renownedfor providing tools and innovative solutions that fortify infrastructure systems, constructbridges, and fuel everyday life.Driven by an unwavering commitment to delivering high-quality, cost-effective products,Stanley Black & Decker embarked on a journey to elevate their product designs andmanufacturing supply chain network.Partsimony’s unique unification of engineering and manufacturing supply chain contextprovided Stanley Black & Decker with deeper context to rapidly identify potential solutionsto reduce component costs and increase organizational productivity in a repeatable andsustainable manner.Stanley Black & Decker: Increasingefficiencies and reducing productcosts via contextual data insights
PUBLIC | enUS (23/10) © 2023 SAP SE or an SAP affiliate company.sap.com/terms-of-useFeatured Solutions and ServicesPartsimonySAPRevenue$16.947B+Employees60,000Products and ServicesIndustrial ToolsIndustryConsumerProductsStanley Black &DeckerNorth AmericaNew Britain, CTwww.stanleyblackanddecker.comFeatured Partnercomponent cost reductionsavings driven byengineering and supplychain recommendations81%“Partsimony’s strong value proposition solvescomplex requirements by unifying engineering &supply chain in a process that creates outcomes in acost effective, high quality, and repeatable manner.”Marty Guay, Vice President of Business Development,Stanley Black & DeckerBefore: Challenges and Opportunities Product productivity teams struggled to easily identify opportunities for component cost reductions dueto engineering complexity and strict product design requirements. Supply Chain teams experienced frustrations due to constrained manufacturing supply chain visibilityfor capacity risk mitigation and manufacturer discovery for supply chain resilience initiatives.Why SAP and Partsimony Partsimony’s unification of engineering and manufacturing supply chain context provided teams withdeeper context to rapidly identify potential solutions to prevailing challenges. Engineering and Supply Chain team members gain a cost-effective and repeatable solution inaddressing manufacturing supply chain-related challenges. Leveraging state-of-the-art AI/ML technologies and human-in-the-loop systems enable teams toenhance organizational intelligence.After: Value-Driven Results Identified opportunities to improve engineering design and utilize alternative manufacturing methods. Expanded manufacturer supply chain network and discovered new suppliers at the sub-tier level. Enhanced infrastructure that utilizes context from engineering and manufacturing supply chainactivities.Stanley Black & Decker: Increasing efficiencies and reducingproduct costs with contextual recommendations