What Are the Key Drivers of Shops Based on the Mix-Volume Ratio?

June 24

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Each machine shop is unique in its mix-volume ratio, that is the number of SKUs and total parts produced. Shops will be grouped into four categories: low mix, low volume; low mix, high volume; high mix, low volume;  and high mix, high volume. The presentation will detail the equipment, strategies, operating metrics, and the drivers of high performance of these four classes of machine shops from the last 10 years of Modern Machine Shop's Top Shops.

Primary Topics:

  • Equipment/technology differences between the four mix-volume classes of machine shops
  • Key business strategies of successful shops in the four mix-volume classes of machine shops
  • How top machine shops in the four mix-volume classes perform on key operating metrics
  • Drivers of financial performance for the four mix-volume classes of machine shops

Presenter:
Steve Kline
Chief Data Officer; Gardner Business Media, Inc.
Steve Kline is Chief Data Officer at Gardner Business Media, Inc., a family-owned business that produces media for durable goods manufacturing industries, including Modern Machine Shop, Production Machining, Additive Manufacturing, Moldmaking Technology, Plastics Technology and Composites World magazines. He has produced forecasts for his family's business and the metalworking and plastics industries. Also, Mr. Kline has been working on Gardner's Capital Spending Survey, the Gardner Business Index, and Top Shops benchmarking survey since 2008. He graduated from Vanderbilt University with a BS in civil engineering and a MBA with an emphasis in finance from the University of Cincinnati.