What are the Defining Business Characteristics of Top Shops?
Top Shops tend to outshine other shops in a number of financial areas. Sometimes, they apply alternate business strategies to achieve higher performance levels.
Share
Overall, the data from this year’s Top Shops benchmarking survey reveal what one would expect: Shops that are considered best-in-class realize better manufacturing and financial performance than others. However, the data also provide clues about how and why the Top Shops are able to achieve that higher level of performance. What’s interesting is that in some cases, their methods and even individual characteristics are different than might be anticipated. This is reflected in an article that compares some key business and financial metrics reported by companies in the Top Shops benchmarking group and other survey participants.
Related Content
-
How a Custom ERP System Drives Automation in Large-Format Machining
Part of Major Tool’s 52,000 square-foot building expansion includes the installation of this new Waldrich Coburg Taurus 30 vertical machining center.
-
Finding Skilled Labor Through Partnerships and Benefits
To combat the skilled labor shortage, this Top Shops honoree turned to partnerships and unique benefits to attract talented workers.
-
Automated CAM Programming – Is Your Software Really Delivering?
A look at the latest automation tools in Autodesk Fusion 360 software and how forward-thinking machine shops and manufacturing departments are using them to slash delivery times and win more business.