Top Shops Executive Summary


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Executive Summary SURVEY METHODOLOGY The tables in this 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 questions include the number of responses as well as the median, average, 80th percentile and 20th percentile statistics. The 20th percentile is the value below which 20 percent of answers fall. The 80th percentile is the value below which 80 per- cent of answers fall. When looking for a mid-point figure, it's often best to focus on the median rather than the average. Unlike av- erages/means, the median better serves as the midpoint 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 participants for a particu- lar question responded 0. When this is the case, it's often better to refer to the average figure. TOP SHOPS HONORS PROGRAM The Top Shops benchmarking initiative included an Honors Program to highlight a few of the shops that comprise the benchmarking group. Vetted by Modern Machine Shop senior editor Derek Korn, these shops represent a quality cross section of U.S. machining businesses relative to location, size and indus- tries served. Congratulations to the following Honors Program winners for 2012. 2012 Award Winners Hoyt USA L&H Industrial L&P Machine Products McCoy Global Premier Machining Industries Southern Machine Works Toth Technologies Salt Lake City, Utah Gillette, Wyoming Carthage, Missouri Broussard, Louisiana Midland, North Carolina Duncan, Oklahoma Pennsauken, New Jersey TOP SHOPS ONLINE ZONE To complement this month's benchmarking coverage, we've developed a custom digital magazine edition that contains Top Shops analysis articles as well as video and profiles of the ten Honors Program winners for 2012. The digital edition is found in the Top Shops Zone at That Zone also provides access to the digital edition of this Top Shops Executive Summary. ABOUT MODERN MACHINE SHOP Modern Machine Shop is the flagship magazine of publisher Gardner Business Media in Cincinnati, Ohio. Since 1928, the magazine has focused on the application of advanced machin- ing 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 SPONSORED BY AMT | IMTS 25

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