IndustryWeek (IW) publishes a best plants database that provides a wealth of comparative data for manufacturers. The data are searchable and sortable so that you can find comparisons relevant to your industry. You can analyze more than 250 performance metrics from IW Best Plants winners, finalists, and participants including:

• Annual savings due to improvement methodologies
• Labor, overhead, and material costs as a percentage of costs of goods sold
• Number of benchmarking studies done in the past year (IW Best Plants and finalists conduct an average of four benchmarking studies each year)
• First pass yield (2008 IW Best Plants winners’ median finished-product first-pass yield is 98.6%)
• Percent reduction in in-plant defect rate and scrap/rework costs (same plants reduced scrap and rework costs 33.9% in the past three years)
• Customer reject rate and warranty costs as a percent of sales
• Turnover and absenteeism rates
• Improvement suggestions made/implemented per employee last year
• Hours of training per production employee
• OSHA-reportable incident rate
• Suppliers certified
• Manufacturing cycle time
• Order-to-shipment lead time and on-time delivery (Best Plants median on-time delivery was 99%)
• Average days of inventory and annual inventory turns
• Productivity (sales per employee)
• Customer retention rate
• Return on invested capital

You can order the Best Plants database for $795 for a one-year subscription.

The deadline for applying for the 2009 IW Best Plants awards has passed, but you can download an application to see all that’s involved.

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