Black & Decker 2014 Annual Report Download - page 7

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Operational
Lean
Complexity
Reduction
Order-to-Cash
Excellence
Sales &
Operations
Planning
Global
Supply
Management
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Breakthrough
Customer Value
STANLEY FULFILLMENT SYSTEM
SFS

Major League Baseball. New for 2014
was our sponsorship of the Barcelona
Football Club and a change in our
NASCAR partner to Joe Gibbs Racing.
COMPANYWIDE
STRATEGIC INITIATIVES
We are embarking on a transformation
to drive from a more programmatic
growth mentality to a true organic
growth culture by more deeply
embedding breakthrough innovation
and commercial excellence into
our businesses and, at the same
time, becoming a significantly more
digitally enabled enterprise. A new
breed of digital technologies is
changing the competitive landscape
at unprecedented rates, creating both
threats and opportunities, and it is
clear that organizations that stand still
will be left behind.
To that end, we have spent considerable
time and eort developing the next
iteration of our successful Stanley
Fulfillment System (SFS) program, which
has driven working capital turns to
world-class levels and vastly improved
our supply chain and customer facing
metrics. Entitled “SFS 2.0,” this refreshed
and revitalized business system will
continue the progress on core SFS,
but importantly, provide resources
and added focus into (1) commercial
excellence, (2) breakthrough innovation,
(3) digital excellence and (4) functional
transformation. We are making a
significant commitment to SFS 2.0, which
will help drive further improvement to
our revenue, earnings and cash flow
growth. We believe that success in SFS
2.0 will be characterized by dependable
organic growth in the 4–6% range, as
well as significantly expanded operating
margin rates over the next 3 to 5 years
as we leverage the growth and reduce
structural SG&A levels.
+%
ORGANIC REVENUE
GROWTH IN 