Scientific Management Techniques Achieves Record Revenue and Earnings in FY2014 Driven by Strong Demand in Industrial and Education Markets

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Strong Growth Reflects Wide Adoption of SMT’s Programs to Mitigate the Manufacturing Skills Shortage - Skills Gap

Our Industrial Skill Programs deliver an ROI in excess of 100% the first year of deployment.

Scientific Management Techniques (SMT) reported record growth in 2014 due to strong demand for its manufacturing skill solutions in both industry and formal education. The company has two operating divisions, the Manufacturing Skills Assessment Division and the Manufacturing Skills Training Division. SMT has been improving manufacturing workforce skills since 1971; their programs are currently deployed in thirty-seven countries.

“Our industrial clients embrace the assessment program and the skills training program due to the bottom line impact these solutions deliver,” states SMT President Stephen Berry. “These are powerful productivity tools that solve the significant manufacturing skills shortage currently faced in North America and increasingly around the globe. In 2014, we deployed the programs in five new countries, expanding our global footprint to thirty-seven countries. Our industrial skill programs deliver an ROI in excess of 100% the first year of deployment. This year, we are off to a strong start with first quarter 2015 revenue growing over 200% YOY.”

SMT’s Hands-On Skill Assessment Machines identify and measure the critical “hard skills” required to operate, maintain and troubleshoot a modern manufacturing facility. The assessment machines take the guess work out of the hiring process. Identifying skills in the hiring process lowers the risk and cost of hiring while dramatically improving performance. Many of SMT’s clients have been using these assessment machines for several decades. In addition to the hiring process, the machines are used to identify the specific training needs of incumbent employees. With the assessment data, SMT delivers highly targeted training. Specific, targeted training of this nature drives industrial performance and increases the ROI of training dollars spent.

“The formal education market continues to grow dramatically,” states Berry. “We currently work with schools in nineteen states and anticipate expansion into several additional states in 2015. In addition to our work in education domestically, we anticipate strong international growth in 2015. When a school deploys SMT’s programs all local skill stakeholders benefit; local manufacturers have the opportunity to hire the skills required to drive performance, the program graduate gains a promising career path and demand for school services increases in each market where the program is deployed. Each education partner is recognized as an innovative solutions provider and becomes the primary go-to resource for manufacturers in their service area.”

SMT’s board has promoted company President, Mr. Stephen Berry, to the position of President and CEO. Company Founder and longtime CEO, Mr. Richard Whouley, will continue as Chairman of the Board. “Steve has engineered the remarkable growth we have experienced in the last four years,” states Whouley. “He was already filling the CEO role without the title, and he has been doing a great job running the company day-to-day. We are just finally making it official. Steve has the vision and passion we need to continue our rapid growth and ensure we deliver world-class solutions for our clients.”

About Scientific Management Techniques:

Scientific Management Techniques is the global leader in industrial skills assessments and industrial skills training. SMT’s manufacturing skill solutions are currently deployed in thirty-seven countries. The skills training curriculum trains to the critical skills required to operate, maintain and troubleshoot an industrial facility. Their hands-on manufacturing skills assessment machines and assessment protocols are used in the hiring process to identify and measure industrial skills; Mechanical, Electrical, PLC, CNC and Process Control Skills. Many organizations assess their incumbent workforce and deliver targeted training based on the assessment data.

http://www.Scientific-Management.com

Contact: Mr. Evan Barksdale, VP of Client Services
ebarksdale(at)scientific-management(dot)com
Phone: (603) 421-0222

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Evan Barksdale
@SciMgmtTech
since: 02/2014
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