Manufacturing Leadership Award Presented to ARCA
ARCA wins operational leadership award for its “Lean Launchpad” project
MEBANE, NC (MARCH 19, 2014) – ARCA, a global leader in cash automaton solutions, announced today that it has been recognized with the 2014 Manufacturing Leadership Award (ML100 Award). The ML100 Award recognizes organizations for excellence, leadership and innovation in developing manufacturing solutions. ARCA is being acknowledged for the success of its “Lean Launchpad” project within its depot repair department.
“It’s an honor for our depot repair team to be recognized alongside other global manufacturing leaders,” said Chris Cornett, manager of production and depot repair at ARCA. “I’m very proud of the work our depot repair team has put in to make the lean initiative a success.”
ARCA was selected by a panel of industry leaders for the operational leadership award, one of the most competitive ML100 categories, for its “Lean Launchpad” project. This project utilizes efficiency by emphasizing lean principles and practical problem-solving skills to develop manufacturing solutions. As a result of the “Lean Launchpad,” ARCA’s depot repair department increased productivity by 60 percent and boosted department revenue by 90 percent.
“By adopting lean principles, our depot repair department is able to work efficiently and with more precision while focusing on quality customer service,” said Dennis Ross, director of continuous improvement at ARCA. “It’s great to see that our lean initiative is having a positive impact with measurable results.”
Since April 2013, ARCA has adopted lean principles throughout the organization. ARCA’s company-wide lean approach has been instrumental in its immense growth over the past two years. This is the second consecutive year that ARCA has been included in the ML100 list.
ARCA will be recognized with other ML100 Award winners during an awards gala at the 2014 Manufacturing Leadership Summit in June.
ARCA’s solutions help people control and streamline cash operations in financial institutions, retail stores, and self-service kiosks around the world. Our overriding drive is to develop technology and services that make transactions simpler, more efficient, and more secure. Visit us at www.arca.com to see how we are reimagining everyday transactions—freeing people to focus on what matters most.
Manufacturing Leadership Awards:
The Manufacturing Leadership Awards (ML Awards) honor companies and individuals that are shaping the future of global manufacturing. Award nominees describe their breakthrough projects using the nomination form. Nominations for breakthrough projects are entered into specific categories and evaluated by a panel of expert judges. Seven of the ML Awards categories are for outstanding projects undertaken and completed by a manufacturing company. Four of the categories recognize the achievements of individual manufacturing executives.
For more information, go to: http://mlawards.gilcommunity.com/
About the Manufacturing Leadership Council
The Manufacturing Leadership Council, Frost & Sullivan, is the world’s first member-driven, global business leadership network dedicated to senior executives in the manufacturing industry. The Manufacturing Leadership Council’s mission is to help senior executives define and shape a better future for themselves, their organizations, and the industry at large. The Council produces an extensive portfolio of leadership networking, information and professional development products, programs, and services -- including the Manufacturing Executive Website, an online global business network with 5,300 members around the world; the Manufacturing Leadership Council, an invitation-only executive organization of over 100 members; the annual Manufacturing Leadership Summit – Bold Ideas for a Better Future; the Manufacturing Leadership Awards, celebrating industry achievement; and the thought-leading Manufacturing Leadership Journal. More information on www.MLCouncil.com.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies? Contact us: Start the discussion