The North American Association of Floor Covering Distributors (NAFCD) is pleased to announce the release of the 2019 Financial Benchmarking Report, a profitability analysis of NAFCD members designed to analyze and understand best practices of floor covering distributor companies.
The report allows participants to compare business practices and performance standards of their company and that of other distribution firms in the industry. The results of benchmarking can help NAFCD members run their businesses more efficiently and profitably.
All distributor survey participants received the 2019 NAFCD Industry Benchmarking Dashboard, a customizable report delivered in Excel and based on actual distributor data that provides industry averages across a variety of metrics and includes text that explains what the results mean.
“The NAFCD Financial Benchmarking Report is designed to provide the resources that enable participants to evaluate, plan and better manage their businesses,” says Kevin Gammonley, NAFCD Executive Director. “I encourage all distributors to participate in the 2020 NAFCD Financial Benchmarking Survey and discover how they can build on their strengths and fortify their weaknesses.”
All distributor survey participants also received:
- How Financial Benchmarking Works – This resource assists distributors with how they can utilize this data to better manage their business and plan for the future.
- NAFCD Individual Company Benchmarking Dashboard – Distributors who submitted data received an individual report featuring their exact data to make benchmarking even easier, as well as a visual view of strengths and weaknesses compared to other distributors.
“It’s an extremely unique value proposition in that this is data you can’t get anywhere else. It’s specifically tailored to flooring distribution,” said David Powell, Erickson’s Flooring & Supply Co., NAFCD Immediate Past President. “A tool that helps an executive run their business more effectively is simply invaluable.”
The Financial Benchmarking Report is only available to distributor survey participants. The 2020 NAFCD Financial Benchmarking Survey will open in April of next year. Learn more about this business tool and all NAFCD products and services at www.nafcd.org.