Plexus Corp., together with its subsidiaries, operates in the electronic manufacturing services industry. The company delivers optimized solutions to its customers through its Product Realization Value Stream. The company’s customer-focused solutions model integrates product conceptualization, design, commercialization, manufacturing, fulfillment and sustaining solutions. The company delivers solutions for customers in the Americas; Europe, the Middle East, and Africa; and the Asia-Pacific regions. The company provides customer service to approximately 140 branded product companies in the networking/communications, healthcare/life sciences, industrial/commercial, and defense/security/aerospace market sectors. Solutions As an integrated, fully accountable partner, the company delivers optimized product realization solutions that carry its customers' products from concept to end of life. Tailoring the company’s Product Realization Value Stream to each product and program, the company provides solutions designed to meet the needs of each of its customers. Conceptualize: During the product development and conceptualization phases, new product ideas are created and evaluated with both the customer's and the company’s engineering teams. The company collaborates with its customers to capture their new product vision and clarify requirements. The company’s industrial design team attempts to analyze a product through the end user's eyes focusing on ergonomics, use case research, user interface, aesthetics and evaluation mockups. Design: The company invests in the latest technology, design and automation tools to provide design and value- engineering solutions. Product design includes, but is not limited to, various solutions, such as program management; feasibility studies; specification development for product features and functionality; circuit design (digital, microprocessor, power, analog, radio frequency, optical and micro-electronics); field programmable gate array design; printed circuit board (PCB) layout; embedded software design; mechanical design (thermal analysis, fluidics, robotics, plastic components, sheet metal enclosures and castings); test specifications development and product verification testing; and automated (robotic) production solutions and complex automation design. Commercialize: The commercialize phase carries influence with respect to converting ideas into viable products. Commercialization starts early in the design phase and extends through manufacturing transition, often in tandem with Design for Excellence (DFX). The company’s DFX solutions include a collection of specific design solutions, including design for test, design for manufacturability/assembly and design for fabrication. Commercialization also includes prototyping, new product introduction, design for supply chain, test development and transition management. Manufacture: The company applies an optimized manufacturing approach. The company’s manufacturing solutions create flexibility for its customers through tailored supply chain solutions. The company focuses on mid-to-low volume, higher-complexity programs that range from lower-level assemblies to finished electro-mechanical products. The company’s manufactured products typically fall into one of the various categories in its assembly spectrum, such as PCB assembly (a PCB populated with electronic components); basic assembly (a sub-assembly that includes PCBs and other components); system integration (a finished product or sub-system assembly that includes more complex components, such as PCBs, basic assemblies, custom engineered components, displays, optics, metering and measurement or thermal management); and mechatronic integration (more complex system integration that combines electronic controls with mechanical systems and processes, such as motion control, robotics, drive systems, fluidics, hydraulics or pneumatics). Fulfill: The company offers fulfillment and logistics solutions to its customers in the forms of Direct Order Fulfillment (DOF), Build to Order (BTO), and Configure to Order (CTO). The company receives DOF orders from its customers that provide the final specifications and configurations required by their end customers. Through BTO and CTO, the company delivers the product directly to the end customer. The DOF process relies on Enterprise Resource Planning systems integrating the overall supply chain, from parts procurement through manufacturing and logistics. Sustain: The company sustains its customers' products by providing a range of aftermarket services, including complex repair, refurbishment and product support for products that the company manufactures. In addition, the company provides customized solutions for products that the company did not manufacture. The company’s aftermarket services offerings include screening, loaner program, part harvesting, in/out warranty repair, advanced exchange, part repair, upgrade, demo unit management, warranty redemption, refurbishment, recycling, part fulfillment, decontamination, destruction, part fulfillment with warranty redemption, complaint handling, and part sales. Customers The company’s customers range from large multinational companies to smaller emerging technology companies. ARRIS Group, Inc. and General Electric Company accounted for 12.6 percent and 10.6 percent, respectively, of the company’s net sales during the year ended October 3, 2015. Regulatory Requirements The company has capabilities to assemble finished medical devices meeting the U.S. Food and Drug Administration Quality Systems Regulation requirements and similar regulatory requirements in other countries. History Plexus Corp. was founded in 1979 as a Wisconsin corporation.
(PLXS:Consolidated Issue Listed on NASDAQ Global Select )
One Plexus Way
PO Box 156
Neenah, WI 54957
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