Focus Your Company’s Improvement Efforts
By Staff Report | March 27, 2017
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Participate now in FMA’s 2017 Financial Ratios & Operational Benchmarking Survey – Survey closes April 21, 2017!
This valuable tool provides comprehensive business performance data for company owners and executives. The survey metrics help participating companies classify their 2016 performance and marketing effectiveness, identify the strength of their individual value propositions, and establish a baseline for internal improvement efforts.
Click on the image to preview a full page of results from the 2016 Financial Ratios & Operational Benchmarking Survey.
According to last year’s report respondents managed their finances well by carefully controlling their cash flow and employee count. However, 33% of the respondents reported a sales decline in 2015 despite adding new customers at a higher rate and Quote Capture rates increasing by 38%. This slow growth indicates that recurring customer volumes were relatively flat overall. Participating companies can then compare their sales growth/decline, new customers, and quote rates to the trends identified in the report to see how the compare to the national and regional averages. The survey collects key financial and operational data from 2016 on thirty-two metrics in the areas of liquidity, profitability, asset management, operational benchmarking, value proposition, and marketing effectiveness. The responses will then be compiled together and reported out anonymously in June using five different demographics. Participants will be able to compare their data to that of other companies based on the number of employees, company type, annual sales volume, geographic region, and plant size.
More participation means broader data and a clearer understanding of the health of the industry! All data submitted remains confidential. Participants who complete the survey receive substantial discounts on the compiled results when released in June.
Submit your survey by April 21!
Learn more at fmanet.org/surveys. Questions? Contact Julie Maddock or call customer service at 888-394-4362.
About the Author
Staff Report
The Fabricators and Manufacturers Association is where thousands of manufacturing professionals unite — individuals, businesses, students — under a common purpose: grow the metal processing, forming, and fabricating industries. To do it, we've built a workforce lifecycle that supports individuals and businesses at every point in their development. Ensure they flourish. Get better at what we do, give back to our community. Expand our skills, our businesses, and our careers. Pave the way forward, with fresh ideas and technologies.
Side by side, we move metal fabrication forward.
FMA unites thousands of metal fabrication and manufacturing professionals around a common purpose: to shape the future of our industry, and in turn shape the world.
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