What are the Defining Business Characteristics of Top Shops?
Top Shops tend to outshine other shops in a number of financial areas. Sometimes, they apply alternate business strategies to achieve higher performance levels.
.jpg;width=70;height=70;mode=crop;format=webp)
Overall, the data from this year’s Top Shops benchmarking survey reveal what one would expect: Shops that are considered best-in-class realize better manufacturing and financial performance than others. However, the data also provide clues about how and why the Top Shops are able to achieve that higher level of performance. What’s interesting is that in some cases, their methods and even individual characteristics are different than might be anticipated. This is reflected in an article that compares some key business and financial metrics reported by companies in the Top Shops benchmarking group and other survey participants.
Related Content
-
Niche Work If You Can Get It: A CNC Machine Shop Crafts Its Own Destiny
The latest innovations in metalworking aren’t always related to CNC automation or robotics. For Rosenberger North America, a 2022 Top Shops Honoree, it is the company’s niche processes that create the biggest successes.
-
Top Shops 2024 Is Now Live
The Top Shops 2024 survey for the metalworking market is now live, alongside a new homepage collecting the stories of past Honorees.
-
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.
