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Headquarters: Chicago, IL
2015 Revenues: $57.9 million
Change in Sales from 2014: -3.5%
Key Executives: Michael G. DeCata, president & CEO; Ronald J. Knutson, executive vice president & CFO
For the last several years, Lawson Products has been focused on "revitalization," but now the company is shifting focus toward "optimization," President and CEO Mike DeCata told MDM earlier this year. A core part of that strategy is implementing Lean Six Sigma throughout the organization, from general operations to human resources.
In order to encourage buy-in and participation, Lawson Products hosts a "success fair" for new ideas, called "Sigma-palooza," DeCata says, where leaders can propose new ideas. One of the success stories that has come out of that event, now in its third year, reduced cycle time for filling an open position requisition by 50 percent.
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