Falcon Metal Corporation to Be Featured on 21st Century Business Television Series
Boca Raton, FL (TBD) - Multi-Media Productions (USA), Inc. is pleased to announce that Falcon Metal Corporation will be featured on 21st Century Business.
Falcon is focused on helping its customers reduce their Total Procurement Cost (TPC) for Class C production parts. This is achieved through cost effective managed inventory programs, including Bin Management, Bin Stocking, Inventory Control Management Services, Supply Chain Management Services, Lean Initiatives, and Third Party Logistic Services. Falcon's solutions include both vendor managed Inventory (known as VMI) & customer managed inventory (CMI) programs. Falcon's staff has experience with a wide variety of OEM industries.
What are Class "C" production components? These are the items that are the reverse of the 80/20 rule-the large number of low value items that are required to produce the end product. Studies have shown that production downtime id primarily due to lack of an inexpensive component.
All costs, whether sourcing, paperwork, storage space cost, or taxes and insurance should be considered to ensure the cost effective decisions is being made. Direct acquisition cost (price) is the most visible element of OEM purchasing cost. Too often it is the only consideration. There are a number of other elements of TPC which can have a major impact on product acquisition including all the activities required to insure production plans are achieved.
JL Haber, Vice President of Programming at Multi Media Productions, added, "Falcon Metal Corporation is certainly responding to a major need in most industries today. We are excited to have them as a guest on our program."
About Falcon Metal Corporation
Falcon Metal Corporation was founded by in 1979 as an industrial fastener distributor in rented office/warehouse space in Charlotte, North Carolina.
In August 1985, Falcon Metal moved to its present location at 10715 John Price Road. The building was expanded in 2003.
The company changed its focus in the late 90's from a traditional fastener distributor to meet the changing needs of its customers. Falcon's staff focuses on managing Class C components for original equipment manufacturers (OEMs). Class C components represent a small portion of the company spend, yet represent a large percentage of the purchased parts. The overall goal is for the customer to always have access to the products at point of use, while Falcon Metal works with the distinct manufacturers/vendors. The extent of the onsite service is driven by the needs of the respective customer. It ranges from dedicated on site staff to scheduled inventory replenishment.
Falcon typically uses a "pull" system which supports lean manufacturing. Inventory is only replenished when it has been consumed. Falcon's Bar Code Inventory System (FBIS) replaces the tedious process of checking inventory levels, filling out requisitions, sourcing and expediting overdue orders. Falcon's staff assumes full responsibility for insuring the customer has what is required to build the finished product.
In July, 2009, Falcon added a second full service location in Louisville, Kentucky. Falcon's staff is experienced in managing a wide range of commodities. Key staff members have long tenure with the company. Falcon has been recognized as one of the Best Places to Work, 4 years in a row by the Charlotte Business Journal. For more information visit www.falconmetal.com
About 21st Century Business
21st Century Business is an award winning targeted business show that is independently produced by Multi-Media Productions. The show provides its business viewers an in depth opportunity to find solutions to the industry problems from some of the top business leaders from across the world. Each exclusive segment is taped in our state of the art South Florida Studio Once selected, companies are able to present their story and solutions to industry problems in an exclusive way that sets their company apart from the others. With more than 6,000 companies participating on over 600 shows, 21st Century Business continues to be the premier and targeted outlet for the latest business stories.
21st Century Business airs on various national cable networks that are viewed by over 100 million viewers nationwide as well as internationally via DirecTV and Dish Network. The show can also be viewed through video on demand via www.21cbtv.com. The 21CBTV Series is also available at more than 27 prestigious college universities, including Carnegie Mellon University, Howard University, Dartmouth College and Georgetown University.
For specific market-by-market air dates and times, please e-mail Moniqueh@mmpusa.com. For more information, please visit www.21cbtv.com.
