E-Z-GO 2004 Annual Report Download - page 16

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14
Fastening Systems It’s easy to understand why some say Textron Fastening Systems (TFS) holds the world
together: the $1.9 billion company’s fasteners can be found everywhere from the massive to the minute: from the Eiffel Tower and the
International Space Station all the way down to meticulously made miniatures for ever-smaller electronic devices.
When TFS introduced the world’s first “intelligent” fasteners in 2003, the company pioneered a new fastening frontier and reinforced its
global leadership position. These Intevia fasteners, which are embedded with microchips so they can obey commands from remote tools, can
reach places human hands cannot, and perform operations at a fraction of the time and cost of traditional methods. They are expected to find
applications in automotive subassemblies, electronics, construction and aerospace. By the end of 2004, TFS had become the only manufactur-
er in the world providing Intevia brand intelligent fastening technology, receiving broad industry recognition for these revolutionary fasteners.
Also in 2004, TFS continued its innovation with introductions of the Maxibolt Plus, a strong, lightweight titanium bolt designed for large
aircraft structures, and the Cherry Rivetless Nut Plate for jet engines.
In addition to continued new product development, TFS has been intensely focused on improving and leveraging the scale, scope and
efficiency of the organization to drive future profitable growth. Integration, segmentation and supply chain efforts are paying off as TFS
concentrates on high-value customers and products, executes a more strategic and efficient distribution strategy, and improves manufacturing
capacity utilization.
L-R: Textron Fastening Systems’ Lori Phillips-Martin,
Bagger/Boxer; Dale McCormick, Director of Electronics
Global Accounts; Marcia Hardy, Bagger/Boxer outside
a clean room, where miniature fasteners for electronic
devices are packaged for shipping.
The Power of the Enterprise: Textron Six Sigma
Textron Fastening Systems makes
thousands of products, found in
everything from aircraft to automobiles
to tiny electronic devices.
In 2004, TFS cut lead times in half on
nearly 100 of those products using
Lean tools and methodologies within
the enterprise-wide Textron Six Sigma
initiative. Using tools designed
to reduce waste in processes and
improve delivery time, Lean helps
uncover opportunities for improvement.
As many Textron businesses are
learning, even tiny adjustments can
make a big difference.
TFS reduced inventory and lead time
and freed up capacity for future growth.
The result? Leaner manufacturing and
happier customers.