Access the 2016 Top Shops Executive Summary
Read analysis and consider the data gathered in our magazine’s sixth annual Top Shops benchmarking program.
Results from our sixth annual Top Shops benchmarking survey is available in this 2016 Executive Summary, which enables you to see where you rate against leading U.S. machine shops.
For example, in this year’s survey, our Top Shops benchmarking group (the group that represents the top 20 percent of shops as determined by totaling the points assigned to certain business- and technology-related questions) reports median spindle uptime of 72 percent compared to 60 percent for other surveyed shops. 2015 profit margin for Top Shops and other shops were 15 and 8 percent, respectively. Plus, quote-to-book ratio for Top Shops was 61 percent compared to 50 percent for other surveyed shops.
These and other such shopfloor and financial metrics are included in Executive Summary.
Related Content
-
Benchmarking: An Invaluable Business Tool
Modern Machine Shop’s Top Shops program shows shops their strengths and opportunities for improvement, and provides recognition for high-performing businesses.
-
Increasing Productivity with Digitalization and AI
Job shops are implementing automation and digitalization into workflows to eliminate set up time and increase repeatability in production.
-
Finding Skilled Labor Through Partnerships and Benefits
To combat the skilled labor shortage, this Top Shops honoree turned to partnerships and unique benefits to attract talented workers.
