Quality Magazine

Special Report: Quality on the Rise

November 21, 2007

Quality is on the rise, according to Quality Magazine’s 8th Annual Spending Survey conducted by Clear Seas Research. Compared to three years ago, 66% of respondents said that quality has an increased importance or the highest importance and that they are aggressively pursuing top quality performance.

Respondents plan on spending $3.2 billion in the upcoming year to help achieve these top levels of quality. For 28% of the respondents this is an increase over their 2007 budgets, while quality budgets will remain the same for 64% of the respondents.

$315.4 million is expected to be invested in gages and gaging systems in 2008. Seventy-eight percent of respondents indicated they plan on buying handheld measuring tools including calipers, micrometers and indications to the tune of $106.6 million. Nearly $30 million is projected to be spent on plug and ring gages according to 41.5% of respondents. Another $26.5 million is earmarked for thread gages.

When it comes to test, measurement and inspection services, the majority of respondents, 89%, plan on investing in calibration services, while 39% will invest in lab testing and 30.3% will spend money on materials testing services. Q

For information, pricing and a full list of spending projections included in the comprehensive study to be released in January 2008, “2008 Quality Spending,” please contact John Thomas at (248) 786-1659 or e-mail thomasj@bnpmedia.com.