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by Jeff Moad, MA Editorial Staff
Posted on Friday, June 15, 2007 5:42:00 PM Sign Up to receive Daily News Alerts in your E-mail Inbox    | Abstract: | Led by Livingston & Haven, nine manufacturers receive highest honors from a panel of judges for their mastery of one or more of eight key manufacturing disciplines. |
LAS VEGAS — In early 2003, as Livingston & Haven and many of its customers suffered through a prolonged economic downturn, CEO Clifton Vann III decided he needed to transform his manufacturing company if it was to survive. Vann launched a multi-year project aimed at vastly improving operational efficiency at the $70 million manufacturer of hydraulic, pneumatic, lubrication, and connector components for industrial applications. At the same time, Vann and his team set out to make their company easier for customers to do business with and to acquire experience and skills in disciplines, such as lean continuous improvement, that L&H could pass along to its customers, all of which are themselves manufacturers. Just three years later, the results of L&H's effort dramatically proved that even a small manufacturing organization, given the resolve and the right support, can put itself squarely on the path to long-term survival. Between 1999 and 2006, L&H increased its sales by 60% and grew net profit by more than 5,000% to $2 million a year. [Click to continue] |
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