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SPRING 2015

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Distributor's Link Magazine Spring Issue 2015 / Vol 38 No2

54 THE DISTRIBUTOR’S

54 THE DISTRIBUTOR’S LINK INNOVATIVE COMPONENTS INC. 1050 National Parkway, Schaumburg, IL 60173 TEL 1-800-566-2774 FAX 847-885-9005 EMAIL sales@knobsource.com WEB www.knobsource.com 22 YEARS OF SUCCESS FOR INNOVATIVE COMPONENTS As they celebrate 22 years of success, Innovative Components, Inc. heads down an exciting path of continuous growth. The company manufactures high quality, competitively priced plastic clamping knobs, quick release pins, wire lanyards and custom molded parts. THE INNOVATIVE COMPONENTS TEAM CELEBRATES 22 YEARS OF SUCCESS They operate a domestic manufacturing facility at their headquarters in Schaumburg, IL and a 100% wholly owned and operated factory in Costa Rica. Innovative Components consistently satisfies customers seeking a high quality domestic manufacturer or the economic benefits of a dependable off-shore manufacturer. Alternatively, customers may choose a blended supply to get the best of both worlds. Both factories are ISO90001-2008 certified. 2014 was another strong year for Innovative, as they broke their all-time annual sales record for the fifth consecutive year. To what does the company attribute their progress? Those at Innovative know it is due to a multi-tiered approach with expansion in every aspect of the business. Internally, the company has emphasized lean initiatives by training the entire team to work together to cut out waste and promote efficiency in all processes. Each department examined every job, task, and procedure to evaluate what was necessary and what could be eliminated. The team was energized by the accountability and responsibility, especially once they saw the impact on their share in the newly instituted profit sharing plan. With the lean initiatives taking shape, management tackled the next steps for success by planning for consistent growth and preparing for a vast capacity upgrade. In 2014, BUSINESS FOCUS ARTICLE Innovative Components purchased five new injection molding presses, eliminated all presses no longer operating at peak efficiency, and underwent an extensive refurbishment program to improve all existing molds. Innovative completed all of the work in-house with their own expert team of mechanical engineers and toolmakers. “The skill level of the people we currently have on board far exceeds what this company has seen in its 22 year history,” said Luis Quesada, Engineering Manager. Next, Innovative launched a substantial overhaul of the Costa Rican tooling division. Long gone are the days of relying on Asian sources for low cost production molds. ICI has built a state-of-the-art tooling manufacturing facility, fully equipped with CNC screw machines, Swiss screw machines, vertical machining centers, EDMs, mills, lathes, surface grinders, acid texturing stations, and heat treating ovens. Possessing both the equipment and the skill to design and construct molds from start to finish gives Innovative Components an advantage over their competition; the company is now able to manufacture molds for high quality knobs, handles, and custom molded products at prices competitive with China, without the long lead times, risk, or hassle. The technical expertise of their tooling division also allows Innovative to offer secondaries and assemblies for the fastener industry. The company’s growth of 2014 was fueled in large part by the introduction of two new product lines, including Press- On-Thumbscrews and Nylon Tipped Fasteners. The Press- On-Thumbscrews are comprised of more than ten new knob styles, including knurled, rosette, and T-knobs. These efficient knobs can be pressed onto a socket head cap screw to create an instant thumbscrew. This unique design fastens the cap screw to the knob for a secure fit without the need for glue or adhesive. Innovative Components stocks these economical, versatile knobs starting at sizes #4, up through 3/8”, including their metric equivalents. This allows the company to provide customers with many hardto-find knob configurations without the hassle of long lead times. In addition, Innovative now stocks non-marring nylon tipped set screws starting with #6, up through a 1/2” sizes. If you do not require a set screw, Innovative can also add a nylon tip to the fastener of your choice. INNOVATIVE COMPONENTS INC.

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