Video: How Are We Doing? How Could We Do Better?
The presidents of three Top Shop manufacturing companies explain why benchmarking their businesses is important. It is a valuable tool that "shows how well or how bad you are doing." It pinpoints what to work on in order to emulate other top shops. It helps identify metrics for evaluating operations compared to your peers.
The presidents of three Top Shop manufacturing companies explain why benchmarking their businesses is important. Herb Homeyer of Homeyer Precision Manufacturing says benchmarking is an important tool that "shows how well or how bad you are doing." Matt Wardle of JD Machine says it pinpoints what to work on in order to emulate other top shops. Mark Vaughn of Vaughn Manufacturing says it helps him look across the landscape of his business to find metrics for evaluating his operations in comparison to those of his peers.
The Top Shops conference, which runs September 5-7 in Indianapolis, will present ideas and technologies that have put shops similar to yours at the top. Attendees will learn not only how their operations measure up, but also how to make their operations measure up with those at the top. Learn more about the event and its speakers, and be sure to register for the Top Shops Conference. For more Top Shops information, visit our Top Shops Zone.
Benchmarking is important to our 2013 Business Strategy Honors Program winner.
Looking at the data from Gardner Intelligence’s Top Shops survey, we can see patterns that show why high-performing shops tend to use tool presetters.
It’s safe to assume that most shops recognize the importance of being environmentally responsible. However, benchmarking data suggests that the effort shops put into both recycling and reducing energy consumption varies.