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World Industrial Reporter » Market Trends » Two Top-Performing Industries

Two Top-Performing Industries

September 28, 2012

By John R. Brandt

The two top-performing industries based on speed, quality, and costs are chemical manufacturers and food manufacturers, according to data from the MPI Manufacturing Studies, 2006-2010. Performances were calculated by multiplying on-time delivery rate times finished-product first-pass yield times sales per employee.

Real Productivity* 

 

On-time delivery rate (% of goods delivered on time)

Finished-product first-pass yield (% of product that passes final inspection)

Sales per employee

Revised Productivity

Chemical Manufacturing

96.0%

97.0%

$250,000

$232,800.0

Food Manufacturing

98.0%

98.0%

$220,000

$211,288.0

Miscellaneous Manufacturing

95.0%

95.0%

$210,500

$189,976.3

Electrical Equipment, Appliance, Component Manufacturing

95.0%

98.0%

$200,000

$186,200.0

Paper Manufacturing

96.0%

97.2%

$195,000

$181,921.0

Nonmetallic Mineral Product Manufacturing

95.5%

97.5%

$195,000

$181,569.4

Primary Metal Manufacturing

95.5%

96.0%

$187,500

$171,900.0

Wood Product Manufacturing

95.0%

96.8%

$176,000

$161,849.6

Plastics and Rubber Products Manufacturing

96.0%

98.0%

$169,500

$159,465.6

Transportation Equipment Manufacturing

96.0%

96.0%

$170,000

$156,672.0

Fabricated Metal Product Manufacturing

95.0%

98.0%

$168,000

$156,408.0

Computer and Electronic Product Manufacturing

94.0%

95.0%

$175,000

$156,275.0

Printing and Related Support Activities

97.0%

97.5%

$165,000

$156,048.8

Machinery Manufacturing

93.0%

96.0%

$170,000

$151,776.0

Furniture and Related Product Manufacturing

95.0%

95.0%

$133,000

$120,032.5

Textile Mills

95.0%

98.0%

$100,000

$93,100.0

Product description not available

95.0%

97.0%

$201,900

$186,050.9

© 2011 The MPI Group, MPI Manufacturing Studies, 2006-2010

    * combined U.S. and international plant data (medians) for industries with more than 20 plants reporting

 

Regardless of how well your industry stacks up vs. other sectors, you’ll probably want to know how you compare within your industry. If you lead a paper manufacturing plant, for example, are your performances  in on-time delivery rate (96%), quality yield (97.2%), and sales per employee ($195,000) better than your competitors — or worse?

Find out today how your plants are compare against plants in and out of your industry. You can anonymously take the 2011 MPI Manufacturing Study today (deadline July 26) and receive valuable benchmarking tools for participating.

 

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