The data from the survey is used to select the overall Top Shops, which are listed along with their top official.
The Products Finishing Top Shops Benchmarking Survey is open through Jan. 1 for those in the plating, anodizing, liquid and powder coating industry.
The Products Finishing Top Shops Executive Summit in October 2020 will give you that opportunity.
Owners and managers of plating, liquid and powder coatings shops to converge at singular conference to share best practices in peer-to-peer setting.
For the first time, the liquid and powder coating part of the Products Finishing Top Shops Benchmarking Survey will take place in December.
We sit at ground zero in time, technology and geography of this fascinating development.
Video from Michael Guckes from Gardner Intelligence explains how to read and understand your Products Finishing Top Shops Benchmarking custom reports you received if you took part in the recent survey.
Ohio’s American Metal Coatings is the No. 1 finishing operation in North America based on the Products Finishing Top Shops Benchmarking Survey.
The Top Shops spent about $200,000 a year on pretreatment chemicals in the latest Products Finishing Top Shops Benchmarking Survey, well above the median and averages in the industry.
The average plating shop spent just over $586,000 on chemicals in 2017, with the median at $235,000. The Top Shops, however, spent roughly $760,000 on plating chemicals in the most recent Products Finishing Top Shops Benchmarking Survey, while the remaining 20th percentile averaged just $45,000 a year.
Products Finishing will showcase the best-run finishing shops in North America at the Top Shops Management Stage at Sur/Fin, where owners and managers will be on hand to discuss what makes their plating and anodizing operations some of the most efficient and profitable in the business.
The Products Finishing Top Shops in electroplating were able to book about 76 percent of the jobs they quoted in 2017, far more than the 15 percent that other shops booked.
The number of active customers for the top plating shops in the Products Finishing Top Shops Benchmarking Survey is almost five times that of all other shops in the survey.
Nolan Hannan and Jacob Meier purchased Armoloy in 2017, and knew they wanted a data-driven shop that they provided information on how well the shop was operating, and where improvements could be made.
A 98 percent customer retention rate was one reason Electrolizing Corporation of Ohio was selected for distinction in the Finishing Strategies category.
Great Lakes Metal Finishing was recognized in the Finishing Practices category for its outstanding scores in several areas of the survey.
Pilkington Metal Finishing spent about 12 percent of its gross profits on capital expenditures in 2017, which is one reason the shop was selected for recognition in the Finishing Technologies category.
Hixson Metal Finishing was named the No.1 shop, based on aggregate scoring of the survey components. Check out all the North American plating shops that made the Products Finishing Top Shops list.
Gardner Intelligence found a distinct relationship between profits and order lead time in the thousands of data points it reviewed.
The best run shops in the Products Finishing Top Shops Benchmarking Survey average about four times the revenue per finishing line than all other shops, according the 2018 survey data. The Top Shops averaged about $2 million in gross revenue per line, while those in the 20th percentile averaged around $450,000.
The Michigan shop makes its way to the top of the 2018 Products Finishing Top Shops Benchmarking Survey.
More than 66 percent of the shops that took the Products Finishing Top Shops Benchmarking Survey for liquid and powder coaters say they consider themselves a “job shop,” which is an independent shop with less than 50 percent contract work.
The Products Finishing Top Shops Benchmarking Survey for electroplating and anodizing operations remains open through December 31
The average was 13 hours per day, and the median was 12. All other shops used their lines about 9 hours per day. The statistic shows how much utilization the shop was having in a typical day, showing that most Top Shops have two shifts operating on most workdays, while other shops have just one.
In the 2017 Products Finishing Top Shops Benchmarking Survey for liquid and powder coatings, the Top Shops (those in the 80th percentile) averaged 99 percent approval on first pass inspection, while all other shops had a 94 percent pass rating. The median was 98 percent, and the mean was 93.8 percent.
Canadian shop specializes in custom coatings for institutional furniture, seating, store fixtures and home décor.
The manager of its powder coating division leads by example.