Operational Costs Mean EVERYTHING…Do You Know How You Compare?

In today’s fast-paced and highly-competitive economy, it is not good enough to compare your company simply against last year’s metrics.  It may look great that your energy costs are down 5%, but what if your competition is down 10%?  It may look great that your labor costs are down 4%, but what if your competition is down 12%? 

Not knowing how you compare to the competition puts you at a huge disadvantage.  You may be making change in the wrong areas of your business because until comparing with the competition, you just don’t know that other areas are suffering.

Hear this:  Costs drive your quotes.  If your costs are off by just 1% to 3%, it could cost you in winning numerous large projects. 

Tracking your key cost metrics against the industry allows you to see exactly where you need to focus your efforts to minimize costs.  That is where being “MTI Strong” comes in.

MTI’s Ops Cost survey provides members with real-time comparison every six months on operational costs against the competition.  With the business climate changing so fast, it's imperative heat treating companies have real-time financial data and trends to help them make solid business and purchasing decisions. 

The online Ops Cost system is password protected, secure, and super easy to navigate.

CLICK HERE to view a sample of the report you would receive.

Operational Cost Metrics Tracked by MTI Benchmarking

• Total Labor as a % of Sales 
• Total Utilities as a % of Sales 
• Transportation as a % of Sales 
• Maintenance as a % of Sales 
• Health Benefits as a % of Sales 
• Workers Compensation as a % of Sales 
• General & Administrative as a % of Sales 
• Average $ per Order 
• Net Profit as a % of Sales 
• Sales Per Employee 
• Delivery

Your Cost Metrics Are Compared Against The Following:

• All companies
• Companies with a profit
• Companies with a loss
• Companies of similar size
• Top 50% in sales
• Bottom 50% in sales
• Type company (batch, continuous, or blend of both)

Your company is also ranked in performance against all companies similar to your size in sales for each metric. 

The program is simple to enroll and participate in.

The following are the steps to enroll and take advantage of this informative program: 

Complete Online Account Setup Form:  CLICK HERE

The current reporting period is now open through March 15, 2018 for the 6-month reporting period ending December 31, 2017.  You must have the last two reporting periods entered in order to download the current report on March 16.  That means you will need to enter your figures for 6-months, ending June 30, 2017 through December 31, 2017.

It will be worth the small investment of your time…participate today. 

If you are not signed up for the program, or want more information, contact Tom Morrison at the MTI offices at 904-249-0448 x103 or tom@heattreat.net. 

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MTI Financial Benchmarking Confidentiality Statement

Your individual report is held in strict confidence and is secure and confidential with a password protected account.  No MTI volunteer, leader, or any member has access to individual results.