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In order to better-serve the American market, Misumi Corp established a subsidiary, Misumi USA, in February 1988. [4] MISUMI Group Inc[edit] Established in 1963, MISUMI Group Inc. is the world's largest supplier of fixed and configurable components for the manufacturing industry. It divides global operations in to Europe, Asia, Japan, and North America. [5][6] Current business model[edit] As of February 2014, Misumi USA supplies over 20. 7 million different configurable components for assembly automation in the automotive, appliance, semi-conductor, medical, and packaging industries, with over 30,000 products available for same-day shipping. [7] Misumi promotes that it bears no minimum order requirements or set-up charges, allowing greater flexibility in ordering for small companies and individuals. [8] Misumi USA is known for its QCT (Quality, Cost, Time) model, fulfilled by catalog sales of standardized products, along with piece-by-piece production of customizable products. [9] Misumi has operated under the leadership of Co-CEOs, Tadashi Saegusa and Masayuki Takaya, since June 2002. [10] Beginning that year, the new management implemented a series of reforms including the following: Discontinuing Diversified Business Model: Misumi chose to return to its core business of precision mechanical industrial components for die-and-mold and factory-automation applications only, and cut ties with all subsidiaries that did not align closely to this core practice. Expanding Overseas: To extend the QCT model abroad, Misumi began building out infrastructure including sales offices, logistics centers, and manufacturing sites in each new market entered.
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