Top Shops: Racking Investment

Top Shops averaged roughly $100,000 per year in new racking equipment to use on their plating line, according to the Products Finishing Top Shops Benchmarking Survey for plating shops in 2016.

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graph on racking expenditures

 

Top Shops averaged roughly $100,000 per year in new racking equipment to use on their plating line, according to the Products Finishing Top Shops Benchmarking Survey for plating shops in 2016.

The mean was just under $74,000 per year, while the median was $25,000. Shops that were not in the Top Shops (20th percentile) spent roughly $5,000 per year.

New racking equipment is essential to modernizing operations and improving efficiecies in plating operations. The newer equipment usually improves throughput and reduces rejects.

For more information, please visit the Products Finishing Top Shops Benchmarking Survey Zone HERE

Editor Pick

Top Shops: Customers That Are 80 Percent of Sales

The Top Shops in the Products Finishing Top Shops Benchmarking Survey say that 85 percent of their customers account for 80 percent of their overall sales. All other shops say that 60 percent of their customers account for 80 percent of their sales. The mean was 72 percent, and the median was 80 percent.