New paradigm or twilight zone?
Economic growth remained strong through the third quarter of 1997, and early signs pointed to a good fourth quarter as well.
Economic growth remained strong through the third quarter of 1997, and early signs pointed to a good fourth quarter as well. So why have leadtimes been so well behaved? Economists talk of a new paradigm in which the bar is being raised for the long-term growth potential for the economy. Any pressure now felt on leadtimes should lessen in 1998. Watch for continued, albeit minor, declines in leads during the coming year.
Dec.1997 Change % 1996 1997 1998
Gears 4.2 -7.6 -1.9 -5.6
Pumps 4.2 -5 -5.4 -1.9
Special fasteners 6.2 -4.7 -3.4 0
Valves 3.2 -0.4 -7 -2.7
Hydraulic cylinders 5.8 -16.5 24.8 -0.5
Historical data: Purchasing Magazine. Forecasts: Cahners Economics
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.
Annual 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.