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Our ninth anniversary Top Shops online benchmarking analysis is now live. Here I acknowledgment three accepted questions I accept about it.



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This year marks the ninth copy of our anniversary Top Shops benchmarking program. Some of you are accustomed with it (and possibly accept participated); others, maybe not. For the former, this is a reminder/refresher. For the latter, this a basal introduction.

Here are the top three questions I am asked about the program:



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Top Shops starts with a survey. The survey, which is now alive at survey.mmsonline.com/topshops through the end of February, enables shops of all types and sizes to see how they analyze adjoin arch U.S. machining businesses in agreement of machining technology, shopfloor practices, business strategies and animal resources/workforce development.



The analysis prompts for equipment, action and banking information, and includes a few advancing questions. It does not ask for specific banking figures, such as gross sales or net income. Instead, we ask you to accumulation banking measures as percentages, including net assets per gross sales, anniversary sales advance amount and basic accessories amount per gross sales. Our anticipation is that this will animate greater accord from shops that are not absorbed (or allowed) to accommodate banking data. Nonetheless, all analysis responses will abide confidential.

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Once we accept the analysis responses and abrade the abstracts to abolish outlier responses, we authorize a Top Shops benchmarking group. That accumulation represents the top 20 percent of shops based on credibility assigned to baddest analysis questions in anniversary of the four analysis categories (i.e. they are the “Top Shops”). That way, you can analyze your key achievement indicators with the nation’s best acknowledged shops and see what accessories and strategies they are leveraging to their advantage on the boutique attic and in the avant-garde office.

You will account in assorted ways. For example, you will accept a chargeless custom address comparing your responses to quantitative questions to all added analysis participants. A abstracts artifice for anniversary catechism provides a accepted achievement arbitrary for your company. The address additionally includes your shop’s all-embracing analysis rank amid the surveys accustomed and lists key metrics for which your aggregation is decidedly strong, is on par with others, or conceivably should be targeted for improvement.

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Top Shops includes an Honors Program, too. The Honors Affairs highlights acknowledged accommodating companies in anniversary of the survey’s four above sections, articular by responses to baddest questions and aftereffect interviews by me. Those shops are profiled in Modern Apparatus Boutique and on our website. In addition, we action a award-winning amalgamation that includes a ample Top Shops banderole that can be displayed in your shop, T-shirts, hats, toolbox magnets and so on. We additionally accommodate winners with a columnist absolution arrangement that can be adapted and beatific to assorted columnist outlets to get the chat out about acceptable the award.

We are hosting our third anniversary Top Shops Conference, which complements the survey, September 9-11 in Cincinnati, Ohio. Instead of absorption on uber-conceptual, sounds-good-on-paper, “bleeding-edge” concepts, the appointment offers presentations and console discussions about advanced, yet activated tactics, strategies and shopfloor processes that can be activated now at attendees’ shops. These accommodate leveraging accretion accomplishment in a boutique setting, apparatus apparatus ecology and abstracts collection, acid apparatus management, and best practices in areas such as business strategies, workforce development and animal resources. We are currently finalizing the apostle lineup, but you can appointment topshopsevent.com for added information.

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If you accept any added questions about Top Shops, feel chargeless to email me at dkorn@mmsonline.com.

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Last Updated: January 4th, 2019 by admin
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