Stanley Black & Decker seeks supply chain transformation, throws out 50,000 SKUs

SalesMoney MattersInflation
Written By Jennifer Joslyn

Stanley Black & Decker President and CEO Don Allan has announced that the company is hoping to generate $500 million in savings by the end of 2022. How they’ll be doing this? By cutting back on nearly 50,000 SKUs as part of a supply chain transformation plan. Along with this SKU slash, the company plans to consolidate its facilities and begin optimizing its distribution network over the following calendar year.

This supply chain restructuring of the large toolmaker brand is likely to generate $1.5 billion in cost savings over the next three years. Allan made a point on an October 27th earnings call that commodity prices have dropped as much as 50% since April.

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Jennifer Joslyn
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