Subject category:
Strategy and General Management
Published by:
IBS Case Development Center
Length: 13 pages
Data source: Published sources
Topics:
Parker Hannifin Corporation; Largest motion and control systems company; Fluid system components; US economic recession; Air-conditioning systems; Donald Washkewicz; Lean manufacturing system; Turnaround strategies; Win strategy; Industrial recession; Pricing strategy; Strategic procurement goal; Cellular manufacturing; Competitive strategies; Precision-engineered solutions
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Abstract
Parker Hannifin Corporation is one of the world''s leading motion and control technologies and systems manufacturers. It provides precision- engineered solutions to commercial, mobile, industrial and aerospace markets. When the industrial recession set in during 2001, the company was faced with huge amounts of excess capacity and high costs. The company''s Chief Executive Officer, Donald Washkewicz, introduced lean manufacturing throughout the company. This helped it change its operational structure, resulting in decreased overheads, reduced inventory and shorter lead times, thereby ensuring enhanced teamwork and increased profits. The case study encourages discussion of how Parker Hannifin Corporation converted adversities into advantages and the role played by Donald Washkewicz in ensuring that the company never lost its turf.
Location:
Industry:
Size:
USD7.1 billion (2004 revenues)
Other setting(s):
2000-2004
About
Abstract
Parker Hannifin Corporation is one of the world''s leading motion and control technologies and systems manufacturers. It provides precision- engineered solutions to commercial, mobile, industrial and aerospace markets. When the industrial recession set in during 2001, the company was faced with huge amounts of excess capacity and high costs. The company''s Chief Executive Officer, Donald Washkewicz, introduced lean manufacturing throughout the company. This helped it change its operational structure, resulting in decreased overheads, reduced inventory and shorter lead times, thereby ensuring enhanced teamwork and increased profits. The case study encourages discussion of how Parker Hannifin Corporation converted adversities into advantages and the role played by Donald Washkewicz in ensuring that the company never lost its turf.
Settings
Location:
Industry:
Size:
USD7.1 billion (2004 revenues)
Other setting(s):
2000-2004