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6/27/2012 | 2 MINUTE READ

Benchmarking: A Measure of your Shop’s Success

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Learn about the second edition of our Top Shops benchmarking survey and the types of shops that participated. Further survey analysis is found in three articles other articles.

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The best way to determine whether your shop is as successful or effective as it could be is to compare its key performance indicators with industry leaders. Our Top Shops benchmarking program enables you to do just that.

Launched last year, Top Shops offers all types of shops the chance to see how they stack up against similar companies. Our 2012 program began early in the year with a comprehensive online survey that identified shopfloor practices as well as operational and business metrics that define world-class competitiveness in discrete parts manufacturing.

Shops that participated recently received three reports that present survey data broken out by shop type (captive, contract and job), gross sales and number of parts produced. They also received an Executive Summary that compares performance data of the Top Shops benchmarking group with the other shops that took part in the survey. The benchmarking group is a collection of the best-performing shops determined by totaling the points assigned to certain financial- and technology-related survey questions.

This year, more than 500 shops completed at least a portion of the survey. For analysis purposes, we considered only the 358 shops that answered at least one of the questions used to identify the benchmarking group. Table 1 to the left offers a glimpse at the type of companies that took the survey.

Further Analysis

The following three articles in this special Top Shops issue highlight noteworthy findings from the survey:

Honor’s Program Successful Seven

Our Top Shops program includes an Honors Program to highlight a few of the interesting shops that comprise the Top Shops benchmarking group. Vetted by Modern Machine Shop senior editor Derek Korn, these shops represent a quality cross-section of U.S. machining businesses relative to location, size and industries served. Those named to the Honors Program for 2012 are listed below.

  • Hoyt USA, Salt Lake City, Utah
  • L&H Industrial, Gillette, Wyoming
  • Leggett and Platt, Carthage, Missouri
  • McCoy Global, Broussard, Louisiana
  • Premier Machining Industries, Midland, North Carolina
  • Southern Machine Works, Duncan, Oklahoma
  • Toth Technologies, Pennsauken, New Jersey
Hand holding a crystal ball

We’d rather send you $15 than rely on our crystal ball…

It’s Capital Spending Survey season and the manufacturing industry is counting on you to participate! Odds are that you received our 5-minute Metalworking survey from Modern Machine Shop in your mail or email. Fill it out and we’ll email you $15 to exchange for your choice of gift card or charitable donation. Are you in the U.S. and not sure you received the survey? Contact us to access it.

Help us inform the industry and everybody benefits.

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  • Top Shops 2013: WSI Industries

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