MTI Spring Meeting

Frenchmans Reef Resort
St. Thomas, Virgin Islands
May 1-3, 2014

Track Your Cost Trends With MTI’s Quarterly Ops Cost Survey

posted on 03.05.13

The key to knowing where to make change in your company is knowing which areas need your immediate focus.  MTI’s new Online Quarterly Ops Cost Survey provides you the trending analysis to make immediate improvements in costs on a quarterly basis.  This tool provides members with real-time comparison of their quarterly operational costs against the national and regional competition.  With the business climate changing so fast, it’s imperative heat treating companies have real-time financial data and trends to help them make solid business and purchasing decisions.   The following are the key metrics being tracked by the quarterly ops cost study:

- Quarterly Sales by Process
- Total Accounts Receivable
- % of Accounts Receivable Over 60 Days
- Employee Turnover Rate
- Total Labor (both direct and indirect) as a % of Sales
- Total Utilities as a % of Sales
- Transportation as a % of Sales
- Maintenance as a % of Sales
- Depreciation as a % of Sales
- Health Benefits as a % of Sales
- Workers Compensation as a % of Sales
- General & Administrative as a % of Sales
- Average $ per Order
- Net Profit as a % of Sales
- Spoilage
- Sales Per Employee
- Delivery

The following are the various tools to help you get started in this very valuable program.

CLICK HERE to see a sample of the graphs you will be able to analyze with your management and financial professionals.

The following are the three steps to enroll to take advantage of this valuable program.

STEP 1:   CLICK HERE to Download and Print User Manual to enter Ops Cost Data

STEP 2:  CLICK HERE to download the excel spreadsheet to complete with your financial numbers for each quarter.  Once you enter the numbers in column 1, the spreadsheet automatically calculates the number you need to input in column 2.

STEP 3:  CLICK HERE to log in to the Ilumen System and enter your data.

Reports are official for download each quarter after May 15,  August 15, November 15 and February 15.

If you are not currently taking  part in the program and would like to be or would like to request more information, contact the MTI offices at 904-249-0448 or [email protected]

IMPORTANT NOTE:  Your individual report is held in strict confidence by our third-party research firm, Ilumen, Inc.  No MTI staff, volunteer leader or any member has access to individual results.  Ilumen is the only organization with access to member data collected through MTI’s benchmarking program.