Tool manufacturers sharpen up competitive edge

Machine tool manufacturers and toolmakers are being given discounted access to benchmarking data as part of an effort to improve competitiveness. Since the offer was announced last week, 20 out of a potential 800 companies have signed up for three-day sessions at 25% of the normal cost of £1,600. Companies will be able to rate […]

Machine tool manufacturers and toolmakers are being given discounted access to benchmarking data as part of an effort to improve competitiveness.

Since the offer was announced last week, 20 out of a potential 800 companies have signed up for three-day sessions at 25% of the normal cost of £1,600.

Companies will be able to rate their performance against peers using 60 indicators on the Government’s UK Benchmarking Index. The database includes management, financial and manufacturing measures. But the sessions will not tell firms how they can improve performance in weaker areas.

Laura Slater, education and training manager at the Machine Tools Technologies Association (MTTA), said: `It purely registers where you are. After that, we can start to look at the whole development plan.’

The scheme is part of the Step Change initiative organised by the MTTA, the Gauge and Toolmakers’ Association and the British Fluid Power Association. Step Change, like the automotive sector’s Industry Forum, is part of the Department of Trade and Industry’s Fit for the Future campaign.

Coverage is restricted to the UK but may be expanded in the future.

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