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The Importance of Quality

Although the holiday rush is over, this month is still the height of shopping season for quality professionals. Thirty-one percent of respondents plan to make their first equipment purchase for this year in January, according to our 15th Annual Spending Survey.

The survey is conducted annually to determine what readers will be spending on capital equipment, software and services. The goals are to determine how the projected budget compares to actual spending, how the spending patterns change from year to year, spending on equipment overall, and the breakdown of spending for each category of equipment.

The Forecast

As with years past, the importance of quality seems to be recognized. About half (49%) said the importance of quality has increased compared to a year ago. Though this is down from the 57% of respondents in 2013 who said it was more important, it seems people are already acknowledging the importance so it wouldn’t necessarily increase each year.

In addition, most respondents said they have been spending approximately what they budgeted for this fiscal year and the previous one. About half expect their spending to remain the same, while 37% expect an increase. Of those, they expect an average increase of 21%.

Demographics

About three-quarters of respondents worked in a facility that did assembly, followed by other manufacturing operations such as drilling, milling, forming and fabrication, welding, grinding, finishing, turning, stamping, injection molding and gear cutting.

Respondents on average had almost 500 employees at their facility, up from last year’s mean of 428. They are based around the country, with the Midwest topping the list of locations, with 37%, followed by the South at 27%, the Northeast at 19%, and the West at 17%.

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