See Where You Stand: 2016 Top Shops Executive Summary Now Available
This survey has grown in popularity and is considered by many manufacturers as an excellent way to compare how they rate against some of the best shops in the country.
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For the sixth year, our sister publication Modern Machine Shop has compiled its Top Shops benchmarking survey. The benchmarking group represents the top 20 percent of shops as determined by totaling the points assigned to certain business and technology-related questions.
This survey has grown in popularity and is considered by many manufacturers as an excellent way to compare how they rate against some of the best shops in the country. Moreover, the benchmarking survey is a good way to test results from implementation of improvements. Is it working or not working?
Some examples of the data in this survey reports median spindle uptime for Top Shops to be 72 percent compared with 60 percent for other surveyed shops. In 2015, profit margin for Top Shops and others was 15 and 8 percent, respectively. In addition, quote-to-book ratio for Top Shops was 61 percent compared with 50 percent for other surveyed shops.
Additional survey details and results can be accessed in a digital Executive Summary (digital Top Shops Executive Summary).
For more about Top Shops, visit MMS' Top Shops Zone.
