MISUMI USA

MISUMI USA
Industry Manufacturing
Founded February 1988 (1988-02)
Headquarters Schaumburg, United States

MISUMI USA is a subsidiary of MISUMI Corporation, established in February 1988.[1] MISUMI USA is known for providing fixed and configurable components for the manufacturing industry,[2] and is headquartered in Schaumburg, IL.[3]

History

MISUMI Corporation was founded in 1963 under the name MISUMI Shoji Co., Ltd. In the early years of its founding, the company focused primarily on the sale of electronic equipment and bearings, as well as press die components.

Throughout its first 25 years, MISUMI Corp continued to establish regional presences across Japan. In order to better-serve the American market, MISUMI Corp established a subsidiary, MISUMI USA, in February 1988.[4]

Current Business Model

Today, MISUMI USA supplies over 1 million different configurable components for assembly automation in the automotive, appliance, semi-conductor, medical, and packaging industries, with over 30,000 products available for same-day shipping.[5] MISUMI promotes that it bears no minimum order requirements or set-up charges, allowing greater flexibility in ordering for small companies and individuals.[6] MISUMI USA is known for its QCT (Quality, Cost, Time) model, fulfilled by catalog sales of standardized products, along with piece-by-piece production of customizable products.[7] MISUMI has operated under the leadership of Co-CEOs, Tadashi Saegusa and Masayuki Takaya, since June 2002.[8] Beginning that year, the new management implemented a series of reforms including the following:

  1. Discontinuing Diversified Business Model: MISUMI chose to return to its core business of precision mechanical industrial components for die-and-mold and factory-automation applications only, and cut ties with all subsidiaries that did not align closely to this core practice.
  2. Expanding Overseas: To extend the QCT model abroad, MISUMI began building out infrastructure including sales offices, logistics centers, and manufacturing sites in each new market entered.
  3. Acquiring SUGURA SEIKI: In acquiring this development and manufacturing company, MISUMI brought manufacturing in-house.[9]
  4. Delegating Authority Across the Organization: In 2007, MISUMI brought the concept of “small is beautiful” to its operating companies, organizing its business into small autonomous teams responsible for sales, product development, manufacturing, and sales.

Currently, MISUMI is aggressively pursuing sales and operating income records year over year, in conjunction with continued global expansion and partnerships across industry verticals.[10] MISUMI USA consists of a local suppliers network including Sugura USA in Addison, Illinois, along with its own distribution centers near Chicago O’Hare Airport and in Torrance, CA.[11]

Environmental & Social Contributions

MISUMI’s products are compliant with the European Union’s RoHS Directive, restricting the use of hazardous substances. As innovations in green production, MISUMI has developed equipment cables with superior oil and heat resistance, as well as combined terminal blocks and components. As part of a green procurement initiative, MISUMI also mandates that its suppliers comply with a strict set of guidelines, including a chemical substances survey and report.[12] In January 2014, MISUMI embarked on an initiative to enhance workplace safety by introducing a new nitrogen gas spring to the North American market.[13]

Competition

References

  1. ↑ Misumi Group Inc. "MISUMI History", Retrieved on 27 February 2014.
  2. ↑ Misumi USA. "Profile", Retrieved on 27 February 2014.
  3. ↑ Design World. "Misumi USA Opens New North American Headquarters", Retrieved on 27 February 2014.
  4. ↑ Misumi Group Inc. "MISUMI History", Retrieved on 27 February 2014.
  5. ↑ Market Watch "MISUMI USA In-Stock Products Now Automatically Ship Same Day", Retrieved on 27 February 2014.
  6. ↑ Industry Week "Tailored To Fit", Retrieved on 27 February 2014.
  7. ↑ Misumi Group Inc. "Annual Report 2012", Retrieved on 27 February 2014.
  8. ↑ Bloomberg Businessweek "Misumi Group Inc (9962:Tokyo Stock Exchange)", Retrieved on 27 February 2014.
  9. ↑ Misumi Corp. "Merger of MISUMI Corporation and SURUGA SEIKI CO., LTD", Retrieved on 27 February 2014.
  10. ↑ Automation.com "Dial Tool saves design time with Misumi components", Retrieved on 27 February 2014.
  11. ↑ Misumi USA. "Profile", Retrieved on 27 February 2014.
  12. ↑ Misumi Group Inc. "Environmental Chemicals Management", Retrieved 27 February 2014.
  13. ↑ The Wall Street Journal "MISUMI Introduces Nitrogen Gas Springs with Enhanced Safety Features to North American Market", Retrieved 27 February 2014.
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