In 2019 our client, Fastco Industries, began utilizing a proprietary Accerion Partners methodology MHAG (Market Highly Achievable Goal), and identified speed-to-market as a critical element of their go-to-market strategy.
As a result, Fastco Industries, a manufacturer of specialty cold-headed fasteners in Grand Rapids, Michigan, has implemented a series of strategic initiatives that have emphasized speed and agility in the production of custom-designed fasteners. With its ability to design and manufacture its own tooling, Fastco can pivot with client needs--and complete approved samples in half the time required by comparable competitors in the industry.
As the automotive industry continues to demand higher quality product and compressed lead times, Fastco Industries’ structured strategic plan was developed with agility in mind. The detailed plan documented Fastco Industries’ responses to the four key decisions all organizations must make: Strategy, People, Execution and Cash. These plans have allowed Fastco Industries to correctly and quickly respond to rapidly changing market conditions.
In recent weeks, the coronavirus has created significant uncertainty in world-wide supply chains. Metal stampers and component makers fear that shortages of such key components as fasteners may prevent them from meeting their customer’s shipping schedules. No one knows how long the coronavirus will disrupt global supply chains. Moreover, many automotive suppliers are not clear about how to solve the problem of component shortages in the present.
With its ability to quickly tool and develop new jobs, Fastco Industries is uniquely positioned to provide assistance to consumers of special fasteners. Fastco has already provided assistance to many customers in the past years who were suffered from supply chain disruption. For instance, In December 2019, Fastco was contacted by a company that manufactured beds. The company needed a specific component, but its supplier was having equipment problems and was unable to provide an important part, thus jeopardizing the ability of this company to make and sell its product. Fastco was able to re-design, tool, and manufacture this part in less than two weeks from receipt of order.
Whether your company needs a complex rivet, a specialty swage bolt, a high nickel stainless exhaust flange bolt or other custom-made fasteners, Fastco may have the answer. If you face the challenge of an unpredictable supply chain or the shortage of critical components, your company can contact Fastco Industries to see if they can help.
Please contact Andrew Ike at 616-453-5428 #157 or email aIke@fastcoind.com for an assessment of your requirements. Fastco Industries: Fasteners Fast: www.fastcoind.com.
For more information on a structured approach to Scaling Up and the Accerion Partners MHAG methodology, contact Accerion Partners at 616-377-4567 or email info@accerionpartners.com
Accerion Partners www.accerionpartners.com.
