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IMM's Benchmarking Report:Second quarter 1999, Data Group 1 of 3

Article-IMM's Benchmarking Report:Second quarter 1999, Data Group 1 of 3

In the August issue of IMM we presented all nine of the first quarter 1999 benchmarks. This month we resume the normal schedule and present the first three benchmarks from the second quarter of 1999. The remaining six benchmarks will appear in the September and October 1999 issues.

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 (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.

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 (see box, below) and we'll fax to you all the information and forms you need to get started.

Profile of Benchmarking Participants
Number of molders 41
   Low High  Average 
Press quantity: 8 92 30.1
Low tonnage: 15 150 61.1
High tonnage: 75 3000 695.7
Press age, years: 2 15 8.3
1998 resin consumed, million lb:  .14 30.0  5.9
1998 number of different parts molded: 30 4067 519.9
1998 parts produced, million: 5.5 1230.0 142.2
Number of employees: 32  989 172.1
Hourly wage with benefits:  $7.15 $16.00 $11.38
Hourly wage without benefits:  $6.30 $11.48 $8.73
1998 revenue, million: $2.0  $134.0 $23.6
Number of customers that comprise 80
percent of annual sales revenue:
 1  300 23.8
1998 average hourly machine cost $15.00 $129.25 $42.63
Top five markets served, by percent:
  Automotive 40.2
  Consumer products 8.4
  Industrial 5.2
  Electrical/electronic 4.8
Other Transportation 4.1

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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