The IMM Benchmarking Report is in its fifth year and this month provides data from the second quarter of 2002. We’ve developed a strong core group of molders who have volunteered this data, but we are constantly looking for more participants who want to take advantage of what the report has to offer. Its validity, vitality, and survival depend entirely on data from molders. If you enjoy and make regular use of this information, we encourage you to join the project today.

For those new to the Benchmarking Report, the project is simple. Several molders have volunteered to share their benchmarking data with us each quarter. The information comes in two parts. The first is the profile data (see table, right), which characterizes the molders by press quantity, resin quantity processed, parts quantity, and revenue, among other measurements.

Second is the benchmarking data, shown in the pie charts. We’re measuring nine benchmarks: machine utilization, productive downtime, training per employee, mold change time, scheduled ship date on time, scrap as produced, customer returns, employee turnover, and number of mold changes. Each month we present three of these nine benchmarks.

If you want to get involved, participation is easy. In exchange for your time and data each quarter, you will receive from IMM detailed reports on key production and market data for every participating molder. These reports are sent in hard copy or as Excel spreadsheets if you would like to manipulate the data yourself.

Should you choose to participate, your anonymity is guaranteed. Use the contact information at left to request a sample report or enrollment forms, or simply to ask questions. There is no charge.