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Snap-on - Coggle Diagram
Snap-on
Overview
Segments
repair systems and information group
other professional vehicle repair customers worldwide, primarily owners and managers of independent repair shops and OEM dealerships.
financial services
franchise operations
Commercial and industrial group
serving customers in the aerospace, natural resources, government, power generation, transportation, and technical education markets (AKA critical industries).
snap on tools group
vehicle service and repair technicians market.
product line
diagnostics, information, and management systems
handheld and computer based diagnostic products, software solutions, POS systems, etc.
equipment
solutions for the service of vehicles and industrial equipment.
tools
hand tools, power tools, tool storage products, and other similar products.
Largest markets
vehicle service and repair sector
serves professional technicians, OEMs, etc.
market for vehicle service and repair is driven by an increasing rate of technological change, car and truck population growth and increasing unit life.
Do electric cars require more of snap on's tools?
industrial sector
maintenance and repair operations, manufacturing and assembly, military operations, schools, aerospace, oil and gas, mining, power gen., etc.
distribution channels
mobile van
franchisees buy snap's tools at a discount from snap and then resell them at prices established by the franchisee to customers. franchise fee (charged for training and marketing) was $17m 2021.
US route count = 3425. rest of the world = 1350.
snap finances franchisees vans purchase, etc.
franchisees buy from distribution centers.
distributors
just the regular idea.
direct sales force
this team mainly sells to national accounts and national chains for vehicle repair and service. also sells to OEMs.
ecommerce
they sell online but their website is mainly display for all their products.
Risks
if people use more public transport, then less volume of vehicles are there to service.
42% of rev. generated by snap on tools group, which is serviced by franchisess. if franchisess screw up, then snap on loses.
Competition
No one company competes against all product lines. Different companies compete against different product lines.
Human Capital Management
7000 people US. 5800 outside.
Notes
What are inventory levels over time?
Properties
owns 75% of all properties they use.
Summary of consolidated performance
Revenue