Welcome to the monthly Benchmarking Report. Many generous 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), which characterizes the participating molders by press quantity, resin quantity processed, parts quantity, and revenue, among other measurements.
The information in the pies is the benchmarking data. We're measuring nine benchmarks: machine utilization, productive downtime, training per employee, mold change time, scheduled ship date on time, accident incident rate, scrap as produced, customer returns, and employee turnover. Each month we present three of these nine benchmarks. The June issue will report data for the first quarter of 2000: machine utilization, productive downtime, and training per employee.
If you want to receive valuable information to aid in benchmarking your operations, you too can volunteer to participate. In return for giving us a few minutes of your time and data each quarter, you get detailed reports that provide key production and market data for every participating molder. Anonymity and confidentiality are guaranteed. Contact us (see contact information below) and we'll fax to you the information and forms you need to get started. There is no charge for participation.
| Number of molders | 50 | ||
| Low | High | Average | |
| Press quantity: | 4 | 92 | 29.1 |
| Low tonnage: | 15 | 150 | 75.9 |
| High tonnage: | 75 | 3000 | 638.8 |
| Press age, years: | 2 | 15 | 7.7 |
| 1998 resin consumed, million lb: | .08 | 30 | 4.4 |
| 1998 number of different parts molded: | 6 | 4067 | 524 |
| 1998 parts produced, million: | .008 | 1230 | 128.5 |
| Number of employees: | 32 | 989 | 161.9 |
| Hourly wage with benefits: | $6.37 | $18.15 | $11.29 |
| Hourly wage without benefits: | $6.00 | $15.00 | $8.59 |
| 1998 revenue, million: | $9.07 | $134.00 | $21.07 |
| Number of customers
that comprise 80 percent of annual sales revenue: |
1 | 300 | 19.6 |
| 1998 average hourly machine cost | $9.07 | $185.00 | $43.66 |
| Top five markets served, by percent: | |||
| Automotive | 43.7 | ||
| Electrical/electronic | 6 | ||
| Consumer products | 5.5 | ||
| Computer/business equipment | 5.4 | ||
| Industrial | 4.6 | ||
Contact information Injection Molding Magazine Denver, CO Jeff Sloan Phone: (303) 321-2322 Fax: (303) 321-3552 E-mail: [email protected] |
