Herman Miller IncBy David F. Carr | Posted 2003-01-17 Email Print
If it's possible for an office chair to create buzz, Herman Miller's Aeron did. But it's still counting on 3-D technology to juice sales.
. Base Case">
Herman Miller Inc. Base Case
Headquarters: 855 East Main Ave., Zeeland, MI 49464-0302
Phone: (888) 443-4357
Business: Manufacturer of high-end office furniture and related products and services for the workplace
Chief Information Officer: Gary VanSpronsen
Financials: Revenue, $1.47 billion; net loss, $56 million; net loss margin, -3.8% (fiscal year ended June 2, 2002)
Challenge: Lower expenses, improve sales and profitability, and increase inventory-turn rate
- Steadily improve Economic Value Added, an earnings metric that measures how much more valuable a company becomes over time. Herman Miller EVA fell $71 million in fiscal 2002
- Cut operating expenses as a percentage of revenue, from 35.4% in fiscal 2002
- Grow sales 15% per year. In fiscal 2002, Herman Miller sales fell 34% to $1.5 billion
- Increase inventory-turn rate, which stood at 21 days in fiscal 2002
IT Solutions Builder TOP IT RESOURCES TO MOVE YOUR BUSINESS FORWARD
Which topic are you interested in?
What is your company size?
What is your job title?
What is your job function?
Searching our resource database to find your matches...