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IMM's Benchmarking Report: First quarter 2001, data group 1 of 3

July 1, 2001

2 Min Read
IMM's Benchmarking Report: First quarter 2001, data group 1 of 3

The IMM Benchmarking Report is now beginning its fourth year and this month provides data from the first quarter of 2001. We've developed a strong core group of molders who have volunteered this data, but we are constantly looking for more participants. 

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, below), which characterizes the 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. 

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Number of molders

Low

High

Average

Press quantity

7

100

Low tonnage

15

1000

High tonnage

50

2500

Press age, years

1

19

2000 resin consumed, million lb

.1

36

2000 number of different parts molded

3

4000

2000 parts produced, million

1.3

800

Annual production hours

343

7300

Inventory turns

3.8

137

Number of employees

5

480

Hourly wage with benefits

$6.95

$18.50

Hourly wage without benefits

$6.35

$15.00

2000 revenue, million

$2.4

$52.3

Number of customers that comprise80 percent of annual sales revenue

1

200

2000 average hourly machine cost

$15.00

$106.00

Top five markets served, by percent

• Automotive

45.8

• Building/construction

6.4

• Telecommunications

6.4

• Consumer products

5.8



If you want to get involved, participation is easy. In return for your time and data each quarter, you get detailed reports on key production and market data for every participating molder. Anonymity is guaranteed. Contact us (see contact information) and we'll send you the information and forms you need to get started. This service is free. 

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