Benchmarks for Machine Shops
NOW AVAILABLE for PURCHASE, Click Here!
How does your shop compare to the competition?
Compete better in the global market!
American Machinist’s Benchmarks for Machine Shops is the only set of operating metrics specifically for machine shops.
It can show you how you’re doing compared to other shops like yours – where you excel and where you most need to improve.
Measure up. Compete Better.
The American Machinist Benchmarking Survey is intended to identify the strategies, tactics, and performance measures that work best at machine shops across the country. The survey is the basis for developing a list of finalists for the American Machinist Best Machine Shops awards program.
How the data is grouped:
- Profile Information
(basic demographics) - Human Resources
- Strategy and Operations
- Inventories
- Capital Equipment
- Supply Chain and Information Technology
Why do I need this data?
It shows you how you’re doing compared to other shops like yours – to determine precisely where your business stands against the competition.
It’s ideal for:
…Developing & executing new strategies.
…Measurable process improvements.
…Quality certification benchmarking.
Where does the data come from?
The annual Machine Shop Benchmarking survey.
The study gathers data from machines shops and crunches it into operational statistics.
Ok…so how do you use the data?
Let’s say your strategy is to specialize in fast-turnaround projects, you may put an emphasis on set-up time and on-time delivery. Using the data, you can set goals and compare yourself on these metrics with other shops.
How are the 12 Key Performance Benchmarks developed?
Based on the data compiled in Benchmarks for Machine Shops, American Machinist consulted with industry experts and top job shop managers to assemble a recommended dashboard for machine shops. That dashboard comprises the 12 Key Performance Benchmarks.
