The North American Association of Floor Covering Distributors (NAFCD) announced the release of the 2018 NAFCD Financial Benchmarking Report, a profitability analysis of NAFCD members designed to analyze and understand “best practices” of floor covering distributor companies.
The Report is organized into a number of sections, each designed to assist management in a specific area of inquiry. These sections include an executive summary, sales volume analysis, product focus analysis, imported product analysis, market size analysis, trend analysis and more.
Some of the questions this tool helps to answer include:
- What is the “profitability gap” between high profit distributors and other distributors?
- What is a competitive gross margin in the floor covering distribution industry?
- What type of productivity should a distributor expect out of their employees?
- Are operating expenses in line with industry benchmarks?
The Report is made available at no cost to participating NAFCD distributors, and is available for purchase in the NAFCD online store. The 2019 NAFCD Financial Benchmarking Survey will open in April. Learn more at www.nafcd.org.