Average, median, and "benchmark" measurements for the 1998 finalists in selected categories: | |||
Category | Average | Median | Benchmark |
Reduction in mfg. cycle time (5 yrs) | 51% | 47% | 95% |
Reduction in order-to-shipment leadtime (5 yrs) | 45% | 45% | 90% |
On-time delivery rate | 96% | 98% | 100% |
Reduction in total inventory (5 yrs) | 29% | 36% | 62% |
Reduction in WIP turns (5 yrs) | 39% | 41% | 84% |
Percentage of finalists that extensively use these methods: | |
Manual statistical process control (SPC) | 68% |
Computerized SPC | 64% |
Operators inspect own work | 96% |
Quality function deployment | 52% |
Total quality management | 88% |
Design of experiments | 56% |
Poka-yoke methods | 76% |
Design for quality | 76% |
Quality circles | 48% |
Employee problem-solving teams | 100% |
Failure mode effect analysis | 68% |
Bottom-line measures of competitive improvement for the 1998 finalists in selected categories: | |||
Category | Average | Median | Benchmark |
Productivity improvement -- increase in value-added per employee (5 yrs) | 58% | 35% | 325% |
Productivity improvement -- increase in annual sales per employee (5 yrs) | 60% | 46% | 346% |
Manufacturing cost reductions per unit, excluding purchased-material cost (5 yrs) | 35% | 27% | 100% |
Manufacturing cost reductions per unit, including purchased-material cost (5 yrs) | 22% | 22% | 44% |
Plant-level return on assets | 238% | 65% | 2,670% |
Increase in return on assets (5 yrs) | 154% | 50% | 876% |