METALFORMING INSIGHTS
Powered by Harbour Results Inc.
For more than 40 years, PMA’s business reports have provided members with key industry data to optimize company operational and strategic performance. PMA has partnered with Harbour Results, Inc. (a long time, trusted manufacturing advisory firm) to enhance and update our industry surveys and reports. By partnering with Harbour Results, we are combining manufacturing, metalforming and market expertise to provide an unmatched resource of business-critical data and insights for PMA members.
Metalforming Insights personalized business reports gives the member a micro-level view of their business while Econ Trends views the industry at a macro-level.
Metalforming Insights
(Launched 4/20/23 - Closes 6/7/23)
- Financials – This survey focuses on financial performance that will help shed light on issues affecting manufacturers and prepare companies for the future. The report will provide a review of the key trends impacting your business, including productivity, throughput, profitability and CapEx investment.
- Introduction and Sentiment – The focus is on firmographics and the general pulse of the manufacturing industry. We recommend the owner, CEO or president complete this portion of the survey.
- Operations – This survey will identify gaps and opportunities as well as help prepare companies for a continuously evolving marketplace by exploring the operational performance of metalforming companies, including differences in those producing at different volume levels and complexity.
- Sales and Forecasting – Use this knowledge to generate a stronger sales team, marketing strategy and improved forecasting, allowing you to better manage your resources and win more business. The report also will help to identify areas for improvement and assist companies to be more competitive.
- Workforce – Labor continues to be a leading challenge for manufacturers. Learn what best-in-class companies are doing to manage the talent crisis and understand new strategies for attracting and retaining your workforce.
Metalforming Insights Schedule
The Metalforming Insights consisting of all five annual surveys above, will be conducted at the same time in April with reports delivered in August. This change is to be respectful of members’ time and reduce the survey complexity, while improving the quantity and quality of the data to include cross analytics within metalforming as well as across different manufacturing processes.
PMA’s Survey Task Force, comprised of PMA manufacturing members, believe that the improvements will provide you with relevant and timely data to help you better plan and manage your business.
Additional Annual Surveys
- Wage and Benefits – This survey contains a compilation of wages related to the metalforming industry to assist manufacturers in evaluating prevailing wage rates and establishing a realistic baseline for comparing the relative cost of healthcare.
- Executive Compensation – Valuable information on executive salaries and bonuses for 11 critical job positions specifically designed for C-Suite executives and senior management to attract and retain the best and brightest professionals.
- Benchmarking Insights – This survey is conducted across manufacturing processes from several associations. It is a comprehensive report that provides a real-time health check of both the manufacturing and metalforming industries. The survey is conducted in February and September with PMA’s Business Conditions Survey. The report provides an in-depth executive summary, manufacturing index, cross-analysis, manufacturing overview and specific metalforming insights.
Both the wage and benefits and executive compensation surveys will be conducted at the same time in October with reports distributed by the end-of-year. Both surveys will be conducted separately with two reports distribution to participants.
Harbour Results Offer:
Wanting to know how to get the most from the surveys? Harbour Results is offering a free one-hour discussion with Harbour Results team members to review your custom report, answer questions and provide additional insight. Benchmarking is an essential part of assessing your business and the reports will help you better understand how your business is performing as well as identify opportunities to improve profitability and competitiveness.
Monthly and Quarterly Surveys
- Business Conditions – This highly regarded monthly assessment focuses on projected business levels and general economic conditions. The data addresses shipping activity, order trends, lead times, short-time layoffs, workforce expansion and customer payment trends. Remove the speculation out of forecasting your business with first-hand knowledge from other manufacturers.
- Orders and Shipments – This important monthly measure of manufacturing activity using a 12-month trending provides a reliable forecast. Data is organized from prior month’s information, percentage change from a year ago, and year-to-date figures for a control group and specific manufacturing sectors. A vital tool for identifying whether your company is meeting or exceeding the industry’s growth.
- Operating Ratios – Sixteen key business indicators, such as the number of sales days outstanding, sales per employee, value-added per employee, and inventory turnover are presented quarterly. Your company’s data is presented alongside industry data, and is organized by market sector, business type and industry best-in-class. A popular report to evaluate the operational performance of your company.
PMA Membership
If you are not a PMA member but are interested in Metalforming Insights, please contact Diana Novak, director of membership sales, at 216-901-8800 ext. 104 for information about member benefits.
About Harbour Results Inc.
Questions about the Metalforming Insights?
Contact Cindy Minn, membership and industry data manager, at 216-901-8800 ext. 146.