Issue link: https://mmstopshopsexecsummary.epubxp.com/i/38326
Executive Summary SURVEY METHODOLOGY The tables in this 2011 Top Shops Executive Summary for directive questions are presented with survey answers listed in descending order based on the number of responses. The tables for open-ended ques- tions include the number of responses as well as the median, average, 75th percentile and 25th percentile statistics. The 25th percentile is the value below which 25 percent of answers fall. The 75th percentile is the value below which 75 percent of answers fall. When looking for a mid-point figure, it’s often best to focus on the median rather than the average. Unlike averages/means, the median better serves as the mid- point of the values because it is not distorted by a few unusually high or low values in a given sample. In a few instances, the median is 0, which indicates that more than half of the participants for a particular question responded 0. When this is the case, it’s often better to refer to the aver- age figure. TOP SHOP HONORS PROGRAM The Top Shops benchmarking initiative included an Honors Program to highlight a few of the shops that comprise the top 20-percent benchmarking group. Vetted by a Modern Machine Shop senior editor, these shops represent a quality cross section of U.S. machining businesses relative to location, size and industries served. Congratulations to the following Honors Program winners for 2011. ABOUT MPI The Manufacturing Performance Institute is a Cleveland, Ohio-based research organization specializing in research development, analysis and communications. MPI services include: t 4VSWFZ DSFBUJPO BOE mFMEJOH t 3FTFBSDI BOBMZTJT XIJUF QBQFS BOE FCPPL EFWFMPQNFOU t 8FCDBTU BOE MJWF QSFTFOUBUJPOT PG SFTFBSDI mOEJOHT t 4UBUF PG JOEVTUSZ SFQPSUT t $SFBUJPO PG POMJOF JOUFSBDUJWF EBUBCBTF UPPMT UIBU IPVTF QFSGPSNBODF data, whether developed by MPI or others MPI is led by John R. Brandt, former editor and publisher of Industry Week and Chief Executive magazines. MPI’s customized products and services are designed for organizations, associations and economic regions facing critical development issues. MPI’s core research services address operational excellence, employee development, customer value, leadership, strategy and innovation. The Manufacturing Performance Institute mpi-group.net ABOUT MODERN MACHINE SHOP Modern Machine Shop is the flagship magazine of publisher Gardner Publications in Cincinnati, Ohio. Since 1928, the magazine has focused on the application of advanced machining technologies by shops and manufacturers serving a wide range of industries. MODERN MACHINE SHOP 6915 Valley Avenue, Cincinnati, Ohio 45244 Phone: 513-527-8800 Fax: 513-527-8801 mmsonline.com SPONSORED BY AMT amtonline.org | IMTS imts.com 29