The response rate for the Association’s third annual benchmark survey, or the Business Profile & Financial Performance Survey, was off to its most successful start yet earlier this year. Then, everyone got a little distracted.
Industry Insights, the third-party firm collecting and analyzing the data, has extended the deadline to participate to May 22. Member companies that respond will receive results by the end of June.
Prime contacts at Regular Member companies will receive an email Thursday from Matt Chaffin at Industry Insights. His email address is firstname.lastname@example.org.
This confidential survey is a benefit of membership that offers respondents insights into plant profitability, productivity, and financial management.
The information you provide about your company goes directly to Industry Insights, where it is processed—then shredded—by CPAs. No one affiliated with the Association see company information.
Participants will receive a customized company report and an industry-wide report. The company report includes a one-page summary and breaks out 17 key criteria such as net profit margin, payroll as a percent of net sales, and cash cycle. The report characterizes your performance in broad terms—weak, strong, fair, or good. There’s also a deep dive into the data that gives companies information that compares their operations to participating companies of similar size.
If you have not provided data for this survey in the past, or have questions, please email Kristi Ruggles or just call our Association office 314.878.2304 for more information.