Lycoming Engines has been awarded the Shingo Prize for Operational Excellence, making it one of only two in history to achieve the honor at the business-wide “enterprise” 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 System’s processes.
“Since 2004, Lycoming has been transforming itself into a globally competitive manufacturer known for its products, innovation and customer service,” said Michael Kraft, Lycoming senior vice president and general manager (pictured below). “It is a tribute to every member of our team that the Shingo Prize assessors took an extensive look at every aspect of our business – from manufacturing to customer service and all points in between – and found us deserving of the highest honor.”
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, according to officials.
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, according to officials. 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.
“In one of the most challenging economic environments in our country’s history and in our industry, Lycoming Engines has not merely found a way to survive, we have relentlessly improved,” Kraft says. “Furthermore, we were able to keep up the pace even as the Shingo Prize was raising the bar on its own standards for Operational Excellence.”
For more information: Lycoming.com