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IMM's Benchmarking Report: Third Quarter 1999, Data Group 3 of 3

Article-IMM's Benchmarking Report: Third Quarter 1999, Data Group 3 of 3

For those new to the Benchmarking Report, the project is simple. 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, 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 March issue will report fourth quarter data for machine utilization, productive downtime, and training per employee.

If you're intrigued by the benchmarking data you see here and want more, you too can volunteer to participate in the benchmarking project. In return for giving us a few minutes of your time and your data each quarter, you get from IMM detailed reports that provide key production and market data for every participating molder. Anonymity and confidentiality are guaranteed. Joining the benchmarking project is simple. Contact us and we'll fax to you the information and forms you need to get started.





Profile of Benchmarking Participants
Number of molders 50
   Low High  Average 
Press quantity: 4 92 30.2
Low tonnage: 10 1000 90.9
High tonnage: 75 3000 699.5
Press age, years: 1 15 6.4
1998 resin consumed, million lb: .08 45.8 6.4
1998 number of different parts molded: 6 4067 549.5
1998 parts produced, million: .008 1230 144.0
Number of employees: 3 989 171.3
Hourly wage with benefits:  $7.15 $18.15 $11.70
Hourly wage without benefits:  $6.30 $15.00 $8.77
1998 revenue, million: $.13  $134.00 $23.19
Number of customers that comprise 80
percent of annual sales revenue:
 1 1000 47.9
1998 average hourly machine cost $9.07 $185.00 $43.16
Top five markets served, by percent:
Automotive 44.2
Medical/pharmaceutical 6.6
Consumer products 6.2
Electrical/electronic 4.9
Computer/business equipment 4.4

Contact information
Injection Molding Magazine
Denver, CO
Jeff Sloan
Phone: (303) 321-2322
Fax: (303) 321-3552
E-mail: [email protected]
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