Modern Machine Shop, sister publication to Production Machining, is offerring a free, benchmarking opportunity to allow you to compare your shopfloor practices with other particpants. What are the leading practices that are enabling machining businesses to evaluate and improve their business?
Understanding of the processes and and performance measurements behind the numbers are absolutely essential to make benchmarking a useful tool for your company’s improvement efforts. Two essential factors for succesful benchmarking are 1)If Benchmarking does not lead to a specific action, it is a waste of your company’s resources.; 2) If you aren’t benchmarking to the best, your benchmarking will be under effective.