
2008 LEADTIME LEADER AWARDS
StackTeck Systems Ltd.:
Continuous Improvement Trims Leadtimes
This moldmaker’s maturing outlook on operations processing and scheduling, combined with continuous improvement initiatives, results in overall leadtime improvement of 15 percent and garners them the MoldMaking Technology 2008 Leadtime Leader Honorable Mention: Large Shop. |
||
|
LEARNMORE StackTeck: Lean Strategies Combine for Niche Molds in Record Time Like its name suggests, StackTeck Systems (Brampton, ON) has realized great success with its specialty on designing and building intricate stack molds—many with more than 100 cavities. But some may be surprised to learn that about half of StackTeck’s business is single face molds for the caps and closures, thinwall packaging, medical and personal care industries. The company is one of the largest manufacturers of plastic injection molds in North America as well as the largest producer in its market segment with a market share of approximately 70 percent in high productivity, four-level stack molds, notes StackTeck General Sales Manager Jordan Robertson. Additionally, the company offers injection molds (prototype, pilot, production and refurbishments), system integration services, and engineering services including plastic part design, flow modeling and FEA.
Since the company was named a Leadtime Leader Honorable Mention three years ago, the number of employees has been constant at approximately 200 employees, while output of this business has grown significantly. Sales have grown impressively by 76 percent from $23.9 million in 2001 to $42.1 million in 2007. Coming Together
StackTeck’s high-speed milling equipment includes the newest technology available. Within the industry segments in which StackTeck competes, it is typically the largest player and offers innovative technologies that provide molders of plastic parts the best possible productivity and piece part cost. As the fragmented moldmaking sector continues to consolidate, a key challenge is to maintain competitive delivery leadtimes while managing growing business volumes. In core businesses, StackTeck has reduced leadtimes significantly to nine to 11 weeks by automating the mold design process. The range of applications for which automated design is used, has been expanded significantly over the last year for standard container, lid, and cap molds up to 16 cavities. Lean Strategies • Continuous improvement initiatives
• Concurrent engineering and manufacturing on critical chain activities
• Automated engineering • Leveraging innovation in CAD/CAM
StackTeck notes that these techniques have resulted in a 15 percent improvement in leadtime (since the last award in 2005) and an average on-time performance of more than 90 percent—with 60 percent of its molds delivered before the quoted due date. The 15 percent overall leadtime improvement is attributed to the aforementioned continuous improvement initiatives, in conjunction with the company’s maturing outlook on operations processing and scheduling. Key milestones are used for every project, with estimated durations set out at the kick-off. This scheduling system is available real-time, online, for customers who wish to see the project status. Other key factors in the last three years include: improved material control, improved scheduling visibility, strategic investments to resolve key business constraints (like high speed milling), and a new prototyping manager dedicated to the prototyping process.
Randy Yakimishyn, President and CEO of StackTeck, next to a 4x32 stack mold, which is the highest cavitation, four-level stack mold ever built. This mold runs in an 880T machine. A Patented Success International Challenges
StackTeck’s plans for the future included continued growth, with only moderate resource increases, such as manpower and machining centers. A key area to support this growth will be the StackTeck Technical Services Center, where the number of molding bays has been expanded recently from 10 to 12, and the number of test machines will grow from eight to 10 during the first half of 2008. |
||
| MoldMaking Technology Online is a trademark of Gardner Publications, Inc, copyright 2008. MoldMaking Technology and all contents are properties of Gardner Publications, Inc. All Rights Reserved. |