3/17/2015
NEWS BRIEFS
Jones Joins Falcon Fastening Kentucky Branch
Falcon Fastening Solutions Inc. named Craig Jones as account manager for the Kentucky branch. He will manage inventory programs and quoting, purchasing and inventory levels for various customers.
Jones past roles include operations manager at Wesco Distribution in Louisville; a buyer for Spectrum Industrial Solutions; data analyst for Grainger Integrated Supply; and crib supervisor for Oxford Automotive.
“He has worked in every aspect of distribution from outside sales to purchasing and operations management,” Falcon vice president Giovanni Cespedes noted.
For 2014, Falcon announced an average customer cost savings of 16% for 2014 through its VMI programs for Southeastern U.S. OEMs.
“The direct acquisition cost, or piece price, of any component only accounts for 15% of the total cost of ownership,” Falcon owner/president Don Nowak said. “The other 85% of TCO is tied up in hidden costs like labor, freight, inventory-carrying costs, error-related costs, safety stock, and so on.”
For 2014, Falcon reported an average 3% savings on labor-related costs such as purchasing, receiving/stocking, accounting, inspection and quality control activities, and kitting and subassembly tasks; 4% on freight-related costs and error-related costs, such as down time, poor quality, expedites and item obsolescence; 3% on inventory carrying costs; and an additional 2% of the average total cost savings.
Falcon carries a three-month safety stock of 3 months locally, plus 9.5 months of inventory on order for customers using its VMI programs.
Falcon also reports a 99.9% quality rating and 99.1% on-time delivery.
“As a distributor who markets our exceptional ability to reduce the TCO for our customers, it’s important to be able to document and quantify that cost saving,” Cespedes noted.
Falcon Fastening is a privately-owned fastener and class C production components suppler for high-volume manufacturing assembly. Founded in 1979, Falcon Metal has branches in Kentucky and the Carolinas and is headquartered at 10715 John Price Rd., Charlotte, NC 28273. Tel: 704 588-4740 or 800 438-0332 Web: FalconFastening.com and ReliableStock.com
Related Stories:
• Falcon Fastening Reports 16% Avg. Savings
• Fastener Executive Advances At Precision Castparts
Related Links:
Share: