NAFCD and CTDA Open the 2022 Financial Benchmarking Survey
CHICAGO - The North American Association of Floor Covering Distributors (NAFCD) and the Ceramic Tile Distributors Association (CTDA) are pleased to join forces for the 2022 NAFCD-CTDA Financial Benchmarking Program. In an environment where relentless pressure is put on profit margins, this program sets out to help distributors optimize their performance through the provision of aggregated financial data.
With the help of third-party research firm Benchmarking Analytics, distributors who participate in the survey will receive an overview of their metrics stacked against industry averages. This comparative analysis will highlight areas of improvement and give users a better understanding of the "best practices" of high-performing distribution companies.
"Last year, our partnership with CTDA helped double our sample size and give flooring distributors an even greater opportunity to assess their business' success. As we launch the 2022 program, we look forward to providing data across both membership networks yet again," said Kevin Gammonley, executive vice president of NAFCD.
Both associations have been providing financial benchmarking to their members for many years and the annual reports provide some of the most detailed analyses of operating and employee performance available to distributors. The 2022 program has several objectives, including:
• Provide an opportunity to compare a distributor’s performance to reputable industry performance targets. • Present data that may allow distribution managers to rethink their assumptions about strengths and weaknesses. • Shed light on weak distribution performance and inefficient processes. • Deliver insight into whether payroll expenses are in line with industry averages. • Facilitate resource allocation decision-making.
The program is a member benefit of the NAFCD and there is no cost to distributors who submit their data. Non-member distributors are invited to participate one time at no cost or commitment.
About NAFCD The North American Association of Floor Covering Distributors (NAFCD) is a North American, not-for-profit trade association serving distributors and suppliers of floor covering materials and related products. Its purpose is to enable wholesale floor covering distributors to be the most efficient, professional and profitable vehicle for bringing their suppliers' products to market resulting in the highest degree of customer satisfaction. NAFCD is dedicated to providing its members with opportunities to learn from each other, stay ahead of trends, and become better educated on ways to grow their business. For more information, visit www.nafcd.org.
About CTDA The Ceramic Tile Distributors Association (CTDA) is an international association of distributors, manufacturers and allied professionals of ceramic tile and related products. CTDA connects, educates and strengthens tile and stone distributors. For more information about the CTDA, visit www.CTDAhome.org or contact CTDA Headquarters at (630) 545-9415.
CHICAGO — The 2023 NAFCD Annual Convention is taking place November 14-16 in Colorado Springs. During this event, distribution executives will have the opportunity to connect through networking functions, interactive sessions and...read more
CHICAGO — This fall, NAFCD and NBMDA will bring together the leaders of the flooring and interior building material distribution community for the 2023 NAFCD + NBMDA Annual Convention. The Annual Convention will feature a one-day workshop titled...read more
CHICAGO — This fall, NAFCD and NBMDA plan to host a wide range of subject-matter experts at the 2023 NAFCD + NBMDA Annual Convention. These established speakers will lead sessions on the latest trends in...read more
CHICAGO — Once again, the North American Association of Floor Covering Distributors (NAFCD) and North American Building Material Distribution Association (NBMDA) are teaming up to provide distribution executives with a can't-miss experience. The 2023 NAFCD + NBMDA Annual Convention is...read more
CHICAGO – The North American Association of Floor Covering Distributors (NAFCD) and North American Building Material Distribution Association (NBMDA) teamed up November 1-3 to host the 2022 Annual Convention in...read more
Zip2Biz is a perfect match for non-techies flooring retailers planning to launch their own websites, as well as for flooring dealers whose current website design is difficult to maintain, costing them too much money, or they would rather be selling flooring than dealing with a website?