By Pamela Brayton, Benchmarking Committee Chair, F.M. Howell & Co.
PPC’s industry data program is completely unique. It’s the only tool I know of that lets folding carton converters measure their performance and key policies against industry averages. The data is an invaluable resource for bettering our businesses, and that’s why I’m excited to serve as the next chair of PPC’s Benchmarking Committee.
We have a lot planned for the upcoming year. First, we’re going to review the sales compensation section of this year’s Compensation Report. This report allows you to compare your company’s wages and salaries to the average compensation levels in your region. We want to make sure we’re still surveying for the most important positions. This way, you can offer the compensation that will get the talent you need in your plant.
More converters are using digital converting equipment today, so the committee is also going to consider adding a digital section to the Overall Equipment Effectiveness Report (OEE). Currently, the report helps members monitor the availability, performance throughput, and output quality of analog presses and diecutters. Adding data for digital equipment might be a great resource for those starting out with this exciting new equipment.
The committee will also gauge interest in a 2018 IT/ERP survey. This initiative would collect information on the business and customer management software (ERP and CRM), payroll processing technology, disaster recovery programs, and other IT solutions members are using. This information can help you decide if it’s time to try a new vendor or to invest in different equipment.
Finally, I’d like to review potential new data points to include in the Market Flash Report, a monthly snapshot of overall industry activity including shipments, raw materials, WIP, and finished goods.
Our first committee call of the year will take place on Tuesday, February 27 at 11:00 a.m. EST. I hope you can attend! To RSVP, please email Brian Chaisson, PPC’s director of industry benchmarking. Remember, these data reports are for us—the members. The more input we can pull together, the better the data program will be.