BNET Industries
3M Co. (MMM) is in the Health Care Industry
- Revenue
- Dec 31 2007
- $24.4B
- Profit
- Dec 31 2007
- $4.0B
- Market Cap
- May 20 2008
- $54.6B
Latest News and Analysis
3M and Sony in Optical Film Licensing Pact
SAN FRANCISCO (Reuters) - 3M Co MMM and Sony Corp have agreed to a licensing deal that gives Sony the right to use certain 3M optical film technologies for use in LCD television products, the companies said on Friday. In a joint...
3M Profit Tops Street View
NEW YORK (Reuters) - 3M Co MMM, a diversified manufacturer whose products include Scotch tape and Post-It notes, reported lower first-quarter profit on Thursday but beat analysts' estimates as strong international sales offset economic challenges in the United States. Net income...
A New Solution From TI, 3M and VeriSign to Secure the Pharmaceutical Supply Chain - How Does It Fit in With Current Industry Initiatives?
Texas Instruments, 3M, and VeriSign have come together to offer a solution designed to prevent the sale of counterfeit drugs to patients. Their solution utilizes radio frequency identification RFID and public-key infrastructure PKI technologies to authenticate pharmaceuticals at the item level. Pharmaceutical counterfeiting costs the industry tens of billions of...
Creative Memories Achieves 99+ Percent Shipping Accuracy and Improves Picking Speed With Solutions From HighJump Software
Creative Memories, owned by the Antioch Company, markets scrapbook photo albums, papers, supplies, tools, stickers and accessories through more than 90,000 sales consultants in 11 countries. Creative Memories was relying on a Warehouse Management System WMS that didn't yield the results it required in terms of operational efficiency. After evaluating...
The Five Key Ways Transportation Management Systems Can Rapidly Reduce Costs by Up to 30 Percent
Constantly finding new ways to optimize supply chain processes is a challenge facing all businesses these days. Taking a close look at transportation and TMS is an important step toward driving measurable cost reductions. A robust, adaptable Transportation Management Systems TMS helps ensure customer shipments leave the facility on time...
Restaurant Equippers Achieves 99+ Percent Accuracy With WMS From HighJump Software
Restaurant Equippers is one of the largest food service equipment and supply dealers in the U.S. Solid growth at Restaurant Equippers translated into increasingly higher volumes. After several moves to larger warehouses, the company needed to find an automated way of managing its supply chain. Restaurant Equippers began searching for...
HighJump Software's WMS Empowers Quiksilver to Increase Throughput by More Than 50 Percent
Quiksilver operates two distribution facilities in Southern California and sells products through more than 2,000 surf shops, specialty stores, Quiksilver retail stores, and major department stores worldwide. Quiksilver required a more robust Warehouse Management Systems WMS solution to manage the complexities of high-volume retail distribution through multiple channels. It needed...
Direct Fulfillment Achieves 99.5 Percent Average Quality Performance Accuracy With HighJump Software
Direct Fulfillment is a third-party Logistics Provider (3PL) based in Robbinsville, N.J. systems could manage. With the addition of several large customer accounts, Direct Fulfillment's manual warehouse operations and lack of visibility into inventory and order status began to hamper its ability to execute processes effectively. Direct Fulfillment selected HighJump's...
Warehouse Advantage Suite Reduces Labor Costs by 15 Percent at Overstock.com
Overstock.com, a leading Internet retailer of name-brand surplus and close-out merchandise headquartered in Salt Lake City, Utah, specializes in selling first-quality merchandise at deep discounts, including housewares, electronics, sporting goods, travel/leisure products, gifts, toys and jewelry. Overstock.com management was looking for a highly adaptable, comprehensive and automated warehouse system that...
Warehouse Advantage Suite Assures Bright Future for Plastics Manufacturer
Techmer PM, a Tennessee-based designer and producer of color and additive concentrates for the plastics industry, was founded in 1981 with one major objective: to supply technical expertise and manufacturing capability that would reliably add value to their customers' products. When increased production demands strained the efficiency of such mission-critical...
Warehouse Advantage Suite Saves ADP $150K in the First Quarter
ADP, the world's largest processor of shareholder communications to corporations, banks, brokerage firms and mutual funds, distributes more than 800 million documents to investors worldwide each year. Through careful analysis of its internal procedures, ADP management found that the company spent significant time and money manually tracking orders and locating...
Warehouse Advantage
Managing distribution doesn't seem to get any easier. In fact, it gets more challenging by the day. Today's constantly changing business environment requires businesses to implement innovative solutions to effectively manage ever-increasing customer expectations, compliance requirements, growing competitive pressures and new business models, to name a few. Meeting these challenges...
Six Sigma: A Roadmap For Breakthrough Performance
Six Sigma is a set of customer-centered, data-driven methodologies and disciplined processes for continuous improvement. Six Sigma projects are conceived and evaluated with a focus on eliminating variation, increasing productivity and consistently meeting customer wants and needs. At 3M, Six Sigma methods are used to analyze and improve the key...
CEO Replaces Incumbent WMS With HighJump Solution, Immediately Improves Efficiency by 25 Percent
Storage Equipment, located in Minneapolis, Minn., is a leading provider of storage and storage-related equipment, ranging from shelving and warehouse mezzanines to document storage and recordkeeping systems. In February of 2002, the CEO of Storage was optimistically looking to the future. The CEO selected the WMS vendor he believed would...
Standard Process, a Leading Provider of Nutritional Supplements, Improves Shipping Efficiency by 35 Percent
Standard Process, based in Palmyra, Wis., has been a leader in the field of nutritional supplements for 75 years. Standard Process began the search for a new warehouse management system WMS to improve its outdated and inefficient practices for inventory, fulfillment and distribution. After six months of carefully evaluating dozens...
American Port Services Increases Production by 25 Percent With Solutions From HighJump Software
American Port Services APS is a Savannah, Ga.- based third-party logistics provider. APS provides its clients with a variety of supply chain and logistics-related services, including solutions for transportation management, distribution center space optimization, yard management, cross-docking, export-packing and fleet management - all guided by world-class computer systems. In addition...
Beyond 3M: Six Sigma gains devotees, critics
"The article is about six sigma popularity. The management program known as Six Sigma, which has become the corporate calling card of 3M Co., is spreading through a handful of other major companies in Minnesota. They aren't just manufacturing companies, where Six Sigma is best known for producing results....
7 Ways Your Competitors Are Reducing Costs And Improving Customer Service - And How You Can Too
In today's competitive environment, everything moves faster than before. Capturing market share is not about the big beating the small; rather, it's about the fast beating the slow and the accurate beating the inaccurate. Companies need logistics systems that can handle the complexity of their business at the pace and...
Optimizing Electric Motor Systems at a Corporate Campus Facility
The company was founded in 1902, employs about 70,000 people worldwide, and manufactures more than 50,000 products and services for a wide variety of consumer, commercial, professional, and industrial markets. The primary purpose of this project was to emphasize the methodology that was developed to carry out a project of...
Additional Resources
Struggling Johnston Press in emergency Pounds 212m fundraising
Malaysian investment group to take 20 per cent stake and replace family as largest shareholder Johnston Press, the regional newspaper group whose titles include The Scotsman and the Yorkshire Post, resorted to a 212.3m emergency fund raising yesterday that will see the group's founding family lose its...
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- Incorporated: 1902
- CEO: Mr. George W. Buckley
3M is a technology company with a global presence in the following markets: industrial and transportation; health care; display and graphics; consumer and office; safety, security and protection services; and electro and communications. As of Dec 31 2007, Co. had 157 sales offices worldwide, with 9 in the U.S. and 148 internationally. Co.'s products are sold through distribution channels, including directly to users and via wholesalers, retailers, jobbers, distributors and dealers around the world. Co.'s products include: Scotch® brand products, such as Scotch® Magic™ Tape, Scotch® Glue Stick and Scotch® Cushioned Mailer, and Post-it® products, such as Post-it® Flags, and Post-it® Note Pads.
Key Competitors
3M Co. Company Info
Board of Directors
Mr. George W. Buckley
Chairman
Ms. Linda G. Alvarado
Mr. Vance D. Coffman
Mr. Michael L. Eskew
Mr. W. James Farrell
Mr. Edward M. Liddy
Mr. Robert S. Morrison
Ms. Aulana L. Peters
Mr. Herbert L. Henkel
Contact Information
3M Center
St. Paul, MN
651 733-1110
NAICS Code
Surgical and Medical Instrument Manufacturing: 339112Brought to you by IBMSponsored Resources
