This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

CMP Corporation Wins Prestigious Manufacturing Leadership Award

OKLAHOMA CITY, April 23, 2014 /PRNewswire/ -- CMP Corporation, the world's largest independent supplier of replacement compressor parts for HVAC and refrigeration equipment, has been recognized with the 2014 Manufacturing Leadership Award (ML Award) in Operational Leadership for its Lean Manufacturing Initiative, a comprehensive, systematic and multi-year effort to eliminate waste and generate cost-efficiencies across the company. The strategic initiative has dramatically transformed operational performance for CMP, with more than 3,000 customers across 95 nations, from the front office to its 160,000-square-foot manufacturing plant in Oklahoma City.

"It's an incredible honor to be recognized with a prestigious Manufacturing Leadership Award," said CMP President Brad Croy. "The gains we have realized are a testament to the value of applying proven Lean principles and adopting cloud ERP in manufacturing. NetSuite has been instrumental in helping us achieve the real-time visibility and process efficiency we needed to eliminate waste and grow the company."

CMP ( undertook its Lean Manufacturing Initiative in 2009 as it, and other companies, struggled with the effects of the recession. Critical elements of the initiative included workforce training in Lean best practices through manufacturing industry alliances in Oklahoma and implementing NetSuite (NYSE: N) cloud ERP to replace a costly and inefficient on-premise Visual Manufacturing application and Microsoft SQL Server database. Using Lean principles of eliminating waste, CMP undertook a large-scale overhaul of its manufacturing plant, implemented new optimizations in production and inventory control, and reduced its in-house server count from 10 to two while avoiding the cost of one full-time IT professional.

In its core crankshaft production line, the Lean Manufacturing Initiative has enabled CMP to reduce production lead time from 85 to 10 days, cut crankshaft production costs by 25 percent and decrease the distance traveled for crankshaft production from 1 mile to 240 feet. These and other efficiencies, including a 90 percent reduction in back-orders and 75 percent improvement in IT efficiency, have helped CMP drive double-digit revenue gains and improve its competitive position. In addition, CMP's selection of NetSuite cloud ERP enabled it to channel resources into its Lean initiative, rather than capital expenditures that would otherwise be required with a new on-premise ERP system.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,050.75 +138.46 0.82%
S&P 500 2,013.43 +15.91 0.80%
NASDAQ 4,810.7880 +19.6360 0.41%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs