MTI’s Economic Forecasting Team Has 96% Accuracy Rating

Industry benchmarking reports are proven to be a valuable tool that help businesses and organizations assess their performance relative to competitors and industry standards. The Metal Treating Institute (MTI) has the industry’s most informative and accurate sales trends and forecasting reports you will find that provide 12-month trends and 3-year forecasts.  MTI’s 3-year forecasts project the following:

• Heat Treat Sales
• (2) Leading Indicators that Heat Treat Sales Follows
• (8) Industry Sectors That Drive Heat Treat Sales

Every quarter MTI hosts a live webcast on the forecast reports presented by MTI economic forecasting team at ITR Economics. ITR has a 96% accuracy rating the projecting the economy 4-quarters out. They are the best. Scroll to bottom to see links of sample reports and webcast.

Sharing MTI’s trend and forecast reports with your management team and financial stakeholders, like your bank and financial planner, is essential for driving informed decision-making and aligning business strategies with market realities. Here’s why:

1. Data-Driven Decision Making

• Provides objective, quantitative insights to support strategic planning.
• Helps management base decisions on industry trends rather than assumptions.

2. Identifying Competitive Gaps

• Highlights areas where the company lags behind competitors.
• Enables leadership to implement targeted improvements in operations, pricing, and customer service.

3. Setting Realistic Goals

• Ensures company targets align with industry standards and market potential.
• Helps management create achievable performance benchmarks.

4. Enhancing Operational Efficiency

• Identifies inefficiencies in cost structure, productivity, and supply chain.
• Encourages process improvements by adopting industry best practices.

5. Improving Financial Performance

• Helps assess profitability, revenue growth, and cost control relative to industry peers.
• Provides insights into pricing strategies and financial health.

6. Supporting Budgeting and Resource Allocation

• Guides decisions on investments in technology, talent, and infrastructure.
• Ensures budget priorities align with industry trends and business needs.

7. Strengthening Risk Management

• Highlights regulatory and market risks compared to industry norms.
• Helps develop contingency plans for potential challenges.

8. Boosting Team Alignment & Accountability

• Creates a shared understanding of industry expectations and business objectives.
• Encourages managers to take ownership of improvement initiatives.

9. Enhancing Stakeholder Confidence

• Helps investors, board members, and employees understand the company’s position in the market.
• Demonstrates a proactive approach to staying competitive.

10. Driving Innovation & Growth

• Encourages management to explore new opportunities based on market gaps.
• Helps identify trends that can lead to competitive advantages.

11. Performance Assessment

• Identify strengths and weaknesses by comparing key performance indicators (KPIs) with industry peers.
• Highlight areas for operational efficiency improvements.

12. Competitive Analysis

• Understand how a company stacks up against competitors in terms of revenue, market share, pricing strategies, and customer satisfaction.
• Identify industry leaders and analyze their best practices.

13. Strategic Planning

• Set realistic goals and targets based on industry benchmarks.
• Adjust business strategies to stay competitive in a changing market.

14. Cost Optimization

• Compare operational expenses with industry averages to find cost-cutting opportunities.
• Improve pricing models by understanding how competitors allocate their budgets.

15. Compliance & Risk Management

• Ensure adherence to industry regulations and standards.
• Identify areas of risk exposure compared to industry norms.

16. Investment & Funding Decisions

• Provide investors with data-backed insights into industry performance and market trends.
• Justify business expansion or restructuring plans with benchmarking data.

17. Customer Experience & Satisfaction

• Assess customer satisfaction and service quality relative to competitors.
• Implement industry-leading practices to enhance customer loyalty.

18. Innovation & Product Development

• Identify emerging industry trends and gaps in the market.
• Benchmark research and development (R&D) spending against competitors.

19. Employee Productivity & HR Strategies

• Compare employee compensation, benefits, and productivity levels.
• Improve talent retention by aligning HR policies with industry standards.

20. Marketing & Branding Strategy

• Evaluate brand positioning and marketing effectiveness compared to competitors.
• Optimize marketing spend by assessing industry-wide ROI metrics.

MTI has over 130 of its heat treating Member companies submitting their monthly sales figure into our secure and password protected online platform, receiving a monthly customized 14-page trend analysis, as well as MTI’s 24-page 3-year forecast report. Your data is strictly confidential and never shared in any form. You are the only person to see your individual data.

Don’t make key decisions without these data reports. They give you the competitive edge to make decisions with confidence and clarity for the future.  

CLICK HERE to view monthly trend report.

CLICK HERE to view quarterly forecast report

CLICK HERE to view quarterly live webcast.

If you are not participating in MTI’s monthly sales reporting program, CLICK HERE to complete our account setup form and we will get your account established. If you have questions, email Kristen Speer, Director of Member Experience, at kristen@heattreat.net.