![Page 1: Colum Sheridan - Lake Region Medical’s Quest for Excellence](https://reader034.vdocuments.net/reader034/viewer/2022052622/5591a5de1a28abde098b4653/html5/thumbnails/1.jpg)
![Page 2: Colum Sheridan - Lake Region Medical’s Quest for Excellence](https://reader034.vdocuments.net/reader034/viewer/2022052622/5591a5de1a28abde098b4653/html5/thumbnails/2.jpg)
Colum SheridanOperations Manager, Lake Region Medical
![Page 3: Colum Sheridan - Lake Region Medical’s Quest for Excellence](https://reader034.vdocuments.net/reader034/viewer/2022052622/5591a5de1a28abde098b4653/html5/thumbnails/3.jpg)
Our Shingo JourneyBronze Medallion Recipient 2012
![Page 4: Colum Sheridan - Lake Region Medical’s Quest for Excellence](https://reader034.vdocuments.net/reader034/viewer/2022052622/5591a5de1a28abde098b4653/html5/thumbnails/4.jpg)
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?
![Page 5: Colum Sheridan - Lake Region Medical’s Quest for Excellence](https://reader034.vdocuments.net/reader034/viewer/2022052622/5591a5de1a28abde098b4653/html5/thumbnails/5.jpg)
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
COMPANY HISTORY
![Page 6: Colum Sheridan - Lake Region Medical’s Quest for Excellence](https://reader034.vdocuments.net/reader034/viewer/2022052622/5591a5de1a28abde098b4653/html5/thumbnails/6.jpg)
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%
2014
€0.76
![Page 7: Colum Sheridan - Lake Region Medical’s Quest for Excellence](https://reader034.vdocuments.net/reader034/viewer/2022052622/5591a5de1a28abde098b4653/html5/thumbnails/7.jpg)
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
![Page 8: Colum Sheridan - Lake Region Medical’s Quest for Excellence](https://reader034.vdocuments.net/reader034/viewer/2022052622/5591a5de1a28abde098b4653/html5/thumbnails/8.jpg)
![Page 9: Colum Sheridan - Lake Region Medical’s Quest for Excellence](https://reader034.vdocuments.net/reader034/viewer/2022052622/5591a5de1a28abde098b4653/html5/thumbnails/9.jpg)
LRM New Ross Strategy
SAFETY FIRST
![Page 10: Colum Sheridan - Lake Region Medical’s Quest for Excellence](https://reader034.vdocuments.net/reader034/viewer/2022052622/5591a5de1a28abde098b4653/html5/thumbnails/10.jpg)
LRM New Ross Strategy
“Are We Winning or Losing?”
![Page 11: Colum Sheridan - Lake Region Medical’s Quest for Excellence](https://reader034.vdocuments.net/reader034/viewer/2022052622/5591a5de1a28abde098b4653/html5/thumbnails/11.jpg)
![Page 12: Colum Sheridan - Lake Region Medical’s Quest for Excellence](https://reader034.vdocuments.net/reader034/viewer/2022052622/5591a5de1a28abde098b4653/html5/thumbnails/12.jpg)
![Page 13: Colum Sheridan - Lake Region Medical’s Quest for Excellence](https://reader034.vdocuments.net/reader034/viewer/2022052622/5591a5de1a28abde098b4653/html5/thumbnails/13.jpg)
‘The What’
‘The How’
![Page 14: Colum Sheridan - Lake Region Medical’s Quest for Excellence](https://reader034.vdocuments.net/reader034/viewer/2022052622/5591a5de1a28abde098b4653/html5/thumbnails/14.jpg)
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
![Page 15: Colum Sheridan - Lake Region Medical’s Quest for Excellence](https://reader034.vdocuments.net/reader034/viewer/2022052622/5591a5de1a28abde098b4653/html5/thumbnails/15.jpg)
May is “Shingo Month”
![Page 16: Colum Sheridan - Lake Region Medical’s Quest for Excellence](https://reader034.vdocuments.net/reader034/viewer/2022052622/5591a5de1a28abde098b4653/html5/thumbnails/16.jpg)
Charity Fundraising Events
![Page 17: Colum Sheridan - Lake Region Medical’s Quest for Excellence](https://reader034.vdocuments.net/reader034/viewer/2022052622/5591a5de1a28abde098b4653/html5/thumbnails/17.jpg)
“To be the best we can”
![Page 18: Colum Sheridan - Lake Region Medical’s Quest for Excellence](https://reader034.vdocuments.net/reader034/viewer/2022052622/5591a5de1a28abde098b4653/html5/thumbnails/18.jpg)
Capturing the Hearts & Minds...
![Page 19: Colum Sheridan - Lake Region Medical’s Quest for Excellence](https://reader034.vdocuments.net/reader034/viewer/2022052622/5591a5de1a28abde098b4653/html5/thumbnails/19.jpg)
QUESTIONS?