Hertzler Systems has sponsored a research study in collaboration with the Aberdeen Group and determined that Best-in-Class manufacturers enjoy 33% higher profit margins by linking operation performance with financials and leveraging real time data with integrated analytics. A free copy of the report is available.
Goshen, IN, June 10, 2008 – Hertzler Systems Inc. announced today the availability of a new landmark research report by the Aberdeen Group, a Harte-Hanks Company (NYSE:HSS). The report reveals that Best-in-Class manufacturers realize 24% more On Time Deliveries, have a 30% higher level of OEE, a 29% higher overall Yield, and enjoy 33% higher profit margins when compared to Laggard manufacturers.
Matthew Littlefield, a Senior Research Analyst with the Aberdeen Group and author of the benchmark report Event Based Manufacturing Intelligence: Creating Closed Loop Performance Management states,
“Manufacturers attempting to improve both operational and corporate performance should first examine the overall structure of their business processes. As a general theme, we find Best-in-Class manufacturers are most significantly differentiated from their competition by the incorporation of real-time data into these processes. Specifically, Best-in-Class manufacturers are more than twice as likely as Laggard manufacturers to: monitor exceptions on the plant-floor in real-time, use real-time data in production optimization processes, and in using real-time data for production release and control.”
Furthermore, Littlefield states, “To incorporate real-time data into business processes many of the Best-in-Class are looking towards technology. In fact, 55% of the Best-in-Class are currently using automated SPC (Statistical Process Control) software, which makes them 38% more likely than Laggard manufacturers to be doing so.”
According the Evan Miller, President of Hertzler Systems, the report confirms anecdotal findings. “Best-in-Class performers apply processes and real-time data differently from the rest of the population,” he said. “This is the first independent study that we’ve seen validate our experience across a wide population,” said Miller.
Interested persons may obtain a free copy of the report, compliments of Hertzler Systems.
About Hertzler Systems
Hertzler Systems (hertzler.com) provides seamless, accurate data acquisition solutions that drive business transformation. The company provides the leading real-time data acquisition and analytics software, the GainSeeker Suite. This powerful and flexible system is best used by lean and progressive companies. GainSeeker Suite allows companies to connect with devices and other information systems, collecting data and alarming key personnel when problems arise; this technology allows organizations to analyze data for root cause problems, converting data into knowledge.
Hertzler Systems has been a leader in Statistical Process Control and Six Sigma for over twenty years, and includes a diverse customer base in service, transactional and manufacturing environments; clients include BAE Systems, Crown Audio, IDEX Corporation, McCormick & Company, Inc., Hormel Foods Corporation, Titleist & Footjoy, and TaylorMade-Adidas Golf Worldwide. The company’s software and services enable clients to collect and analyze data; building a robust data infrastructure for making data-driven decisions. These capabilities help clients to reduce costs, cycle time and errors, and increase profitability.