Home » Tag Archives: Lean Business Ireland Awards

Tag Archives: Lean Business Ireland Awards

Clare firm Leans into new way of working and saves €150k

A KILLALOE company has scored on the double by winning a Lean Leadership Award that brought extra cash of up to €150,000 into the company over an 18-month period. Thinking Toys was recently presented with an Award of Achievement in recognition of lean leadership at the 2022 Lean Business Ireland Awards. Implementing transformation change with stock management through a new Lean Management Programme to deal with an overstocking issue helped the company reduce their suppliers to 130 and product lines to 4,000, which cut the value of stock it held by 35%. Thinking Toys had grown from employing two people with ten suppliers and 200 products in 2004 to nine employees with 160 suppliers in 2020 across the world and 5,500 product lines. The family business was set up by Michael and Áine Conacur, inspired by their eldest child Ailis, who has Sturge Weber Syndrome and who had major brain surgery when she was two. The frustration and difficulties the …

Read More »