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Wood Manufacturing Cluster of Ontario Wood Manufacturing Cluster of Ontario
  • EVENTS
  • TRAINING & PROGRAMS
    • Cyber Security Program
    • Health & Safety Training
    • Leadership Training
    • Sales Training
    • Digital Marketing Training
    • Lean Training
      • Online Lean Certification
      • Lean Training Events
    • Benefit Program
    • Health & Safety Excellence Program
    • Plant Tour Focus Groups
  • MEMBERS DIRECTORY
  • NEWS
  • ABOUT
    • About Wood Manufacturing Cluster of Ontario
    • What is a Cluster?
    • Watch our Rebranding Announcement
    • How It Works
    • Membership Includes
    • Mission & Vision
    • Board of Directors
    • Our History
    • Contact Us
  • JOB BOARD
  • MARKET PLACE
    • BUY & SELL
    • PRO’S CORNER
    • MEMBERS SERVICES & PROGRAMS
      • Post your service or program
  • EXPORT RESOURCES
  • RFQ
  • JOIN NOW
    • Why Join
    • Testimonials
    • Contact Us
    • Join Now
  • LOG IN
May 06

WMCO Newsletter: What You Measure, You Can Improve

  • May 6, 2021
  • Ryan Tabone
  • Members Only, News, Past Events

On April 15th, WMCO hosted an open online networking event that featured guest speaker Sepp Gmeiner, Partner at Lignum Consulting, to talk about Industry Benchmarks and how your company is performing compared to the industry.

Breaking down facts from opinions…

Gmeiner described the significance of how benchmarking is a valuable tool for manufacturers to compare their productivity, efficiencies, and quality as a company with data points and examples and a measure of profitability relative to the cost of doing business.

“If you don’t measure something, you cannot have a clear answer on what you are doing.” The presentation sampled P&L financial statements of wood manufacturers, data on the productivity of cabinet shops, and the distribution of highly productive companies vs. less productive cabinet shops.

(Above) Sepp Gmeiner presenting industry benchmarking data

Continuing, Gmeiner provided performance metrics guidelines for those that want to begin or enhance their KPIs. Additionally, there was a discussion of opportunities for wood manufacturers to develop a collective benchmarking knowledge database.

About the Guest Speaker:
Sepp Gmeiner is a graduate of Advanced Wood Processing, University of Applied Science, Rosenheim Germany and Engineering Economics, University of Applied Science, Pforzheim, Germany. Gmeiner is the CEO of Lignum Consulting Canada, a key trainer for the WMCO’s Lean training alongside Brad Cairns, and a regular contributor to Woodworking Canada magazine.

If you are not a member and would like to learn more please contact us with all of your questions.

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