In a data-driven world, get your numbers faster
One of the greatest challenges plant managers face is the increase in available data and the challenge of how to find the right data to do their job more efficiently
Plant Engineering
One of the greatest challenges plant managers face is the increase in available data and the challenge of how to find the right data to do their job more efficiently. In manufacturing as a whole, there are several data points available each month at www.PlantEngineering.com that help plant managers understand what’s happening in the world of manufacturing and provide a benchmark they can use to measure their performance.
Among the most widely-recognized pieces of data is the monthly report of the Institute for Supply Management. Their monthly Manufacturing Business Survey provides a gauge of what’s happening in manufacturing. Those numbers are reported at PlantEngineering.com just as soon as they are released each month.
This month, the ISM index is at 54.8%, the 33rd straight month of growth.
Plant Engineering’s content partnership with IMS Research, recently acquired by IHS Inc., also provides great insight into specific market sectors. This research points to where markets are growing both in the U.S. and worldwide, and can point to great opportunities for the agile manufacturer with products to offer in those markets.
Among the many articles supplied to Plant Engineering readers this month, for example, is a report from Jenalea Howell of IMS Research about how the changes in European regulations will affect the variable speed drive market in both the U.S. and globally.
It’s the kind of on-the-ground data that can help point the way to trends and help you understand the manufacturing landscape so you can move a little faster than your competitors.
- Related News:
ISM forecast: Spending, revenues both expected to keep climbing - 11.05.2012 10:19- ISM report: Manufacturing growth expands in April - 02.05.2012 10:46
- ISM report: Manufacturing growth still on the upswing - 24.04.2012 10:40
Case Study Database
Get more exposure for your case study by uploading it to the Plant Engineering case study database, where end-users can identify relevant solutions and explore what the experts are doing to effectively implement a variety of technology and productivity related projects.
These case studies provide examples of how knowledgeable solution providers have used technology, processes and people to create effective and successful implementations in real-world situations. Case studies can be completed by filling out a simple online form where you can outline the project title, abstract, and full story in 1500 words or less; upload photos, videos and a logo.
Click here to visit the Case Study Database and upload your case study.
2012 Salary Survey
In a year when manufacturing continued to lead the economic rebound, it makes sense that plant manager bonuses rebounded. Plant Engineering’s annual Salary Survey shows both wages and bonuses rose in 2012 after a retreat the year before.
Average salary across all job titles for plant floor management rose 3.5% to $95,446, and bonus compensation jumped to $15,162, a 4.2% increase from the 2010 level and double the 2011 total, which showed a sharp drop in bonus.