Operations Manager, Lake Region Medical, Ireland (Shingo Prize Medallion Winners)

2. Colum Sheridan
Operations Manager, Lake Region Medical

3. Our Shingo Journey
Bronze Medallion Recipient 2012

4. AGENDA
Introduction
History of Lake Region Medical
Outline challenges the Irish plant faced in 2003
Fast forward to 2014
Share some personal highlights from Shingo Journey
Questions?

5. COMPANY HISTORY
Founded 1947 by Mr. Joseph Fleischhacker with $400.
Primary focus - fishing lures & tackle.
Started in a renovated chicken house behind the family home.
Medtronic - Pacing lead coil which brought us into medical devices.
Remained a family owned ODM company until acquired by Accellent in
March 2014

6. CHALLENGES FACED IN 2003
Very narrow customer base
Shipping <1M guide wires
Competition from low cost economies
80% of our guides sold to USA
2002: €1.06 per dollar
2014: €0.76 per dollar
While absorbing increases in:
Wages averaging of 25%
Raw materials of 15%
Energy costs of over 75%
20
14
€0.7
6

7. LAKE REGION MEDICAL IRELAND 2014
Shipping >30m devices to >150 Customers in >50 countries
750 Employees, 150,000sq foot facility, 10 Acre campus
International Research & Development Centre in Galway
June 2012, First European Medical
Device company to achieve Shingo
accreditation. Irish Med Tech Company
of the Year
March 2014 Acquired by Accellent

9. LRM New Ross Strategy
SAFETY
FIRST

10. LRM New Ross Strategy
“Are We Winning or Losing?”

14. Enterprise Excellence Capabilities
Fully resourced C.I. team
Continuously developing internal expertise;
10 Employees MSc in Lean / Change Management
11 Six Sigma Green / Black Belts
2 Planned for Shingo Examiner Training – March 2015
20 Trained in C.I. In Manufacturing to National Qualification *
>300 Trained in Scientific Problem Solving *
Ongoing VSM and Industrial Engineering Training *
Lean Fundamentals for all Employees *
* Training delivered in-house

15. May is “Shingo Month”

16. Charity Fundraising Events

17. “To be the best we can”

18. Capturing the Hearts & Minds...

19. QUESTIONS?