4-Jan-2011 Source: Lycoming
Lycoming Engines, a division of Avco Corp., has been awarded the prestigious Shingo Prize for Operational Excellence, making it one of only two in history to achieve the honor at the business-wide â€œenterpriseâ€ level.
Dubbed the Nobel Prize for manufacturing by Business Week magazine, The Shingo Prize for Operational Excellence is awarded annually by the Jon M. Huntsman School of Business at Utah State University to companies around the globe that achieve world-class operational excellence. The prize was established in 1988 and named in honor of Dr. Shigeo Shingo, the legendary engineer who created many of the Toyota Production Systemâ€™s processes.
â€œSince 2004, Lycoming has been transforming itself into a globally competitive manufacturer known for its products, innovation and customer service,â€ said Michael Kraft, Lycoming senior vice president and general manager. â€œIt is a tribute to every member of our team that the Shingo Prize assessors took an extensive look at every aspect of our business â€“ from manufacturing to customer service and all points in between â€“ and found us deserving of the highest honor.â€
The Shingo Prize strives to be the standard of excellence to educate, assess and recognize organizations that achieve the highest level of world-class operational excellence around the globe. The Shingo Prize sets a standard where sustainable results are achieved through the application of universal principles of operational excellence partnered with the alignment of management systems and improvement techniques throughout an entire organization.
Businesses can challenge for The Shingo Prize only after they have shown measurable, sustained levels of operational excellence and exhibit a lean culture across all functions. After submitting a comprehensive report based on its achievements over a minimum of three years, the business then must undergo a rigorous multi-day on-site evaluation.
Beginning in 2005, Lycoming committed to Lean operational principles, focusing on employee engagement, leadership and teamwork at all levels. In 2008, The Shingo Prize organization recognized Lycoming with its second highest honor, the Shingo Silver Medallion.
â€œIn one of the most challenging economic environments in our countryâ€™s history and in our industry, Lycoming Engines has not merely found a way to survive, we have relentlessly improved,â€ Kraft says. â€œFurthermore, we were able to keep up the pace even as the Shingo Prize was raising the bar on its own standards for Operational Excellence.â€
Lycoming Engines specializes in the engineering, manufacture, service and support of piston aircraft engines. Headquartered in Williamsport, Lycoming piston engines power more than half of the world’s general aviation fleet – both rotary-wing and fixed-wing. Lycoming Engines is a division of Avco Corporation. More information is available atÂ www.lycoming.com.