A new business planning tool is now available as an enhanced benefit to members of the National Truck Equipment Association.
Called the Work Truck Industry Financial Benchmarking Survey, the research initiative collects “financial and operating ratio information” from manufacturers and distributors of truck equipment to produce a comprehensive benchmarking study, said a recent news release from the NTEA.
All company data remains strictly confidential, the release said.
Companies that contribute to the survey will receive a complimentary, personalized performance analysis report as well as access to an online financial analysis and planning tool, and a printed copy of the aggregated benchmarking report.
“The commercial vehicle industry is evolving at an ever-increasing rate,” NTEA executive director
NTEA executive director Steve Carey
Steve Carey said in the news release. “We’re pleased to offer a comprehensive tool that provides manufacturers and distributors within our industry the insights they need to run their businesses more effectively.”
Profit Planning Group has again partnered with NTEA to conduct the research.
“This year’s report has been expanded to include both manufacturer and distributor aggregated data and will provide industry companies with insights on how their organizations are performing against industry benchmarks,” the release said.
For more details, visit http://www.ntea.com/benchmarksurvey.