Take the 2018 Top Shops Benchmarking Survey for Electroplating
The Products Finishing Top Shops Benchmarking Survey for electroplating and anodizing operations remains open through December 31.
Data from the survey is used to determine which shops will be considered the 2018 “Top Shops” and to provide all participants with insight into the best practices of shops throughout North America.
In addition to a comprehensive report that can be used to compare a shop’s operating statistics with others in the industry, shops that complete a substantial portion of the survey also will receive a customized report illustrating how their responses directly compare to all surveyed shops and to the Top Shops—those whose total survey scores placed them at the top of all scores.
These customized reports will be compiled with the help of Gardner Intelligence, which is part of Gardner Business Media, the parent company of Products Finishing.
“The strategy behind the customized reports is to help each shop find ways to fairly evaluate how it performed against its peers and to indicate what percentile the shop placed in for that particular question,” says Michael Guckes, Gardner’s chief economist. “It is helpful for shops to see where they stood in each particular question, so they can understand their relative strength and opportunities.”
The Products Finishing Top Shops Executive Summary that participating shops
will continue to receive in addition to the custom reports will include data and statistics that will allow them to formulate a plan for improvements in finishing technology, performance and practices, business strategy, and human resources. A third report breaks out results by size of plant.
Both job shops and captive shops should complete the survey, which asks questions about current finishing technology, finishing practices, business strategies and training. Shops should be prepared to provide statistical information such as capacity utili- zation, order lead times, rework percentages, capital equipment expenditure, sales compared to finishing lines and employees, and other data.
Arlington Plating is being recognized as a Products Finishing Top Shop not only for its rebirth as a major plating operation in the U.S., but also for its work in transforming its relationship with employees through an Employee Stock Ownership Program (ESOP) initiated in 2016.
50 plating operations make the cut in Products Finishing Top Shops benchmarking survey.
Gardner Intelligence found a distinct relationship between profits and order lead time in the thousands of data points it reviewed.