NFDA Collaborates with FCH Sourcing Network to Produce Fastener Distributor Index

The National Fastener Distributors Association (NFDA) is pleased to announce a new collaboration with FCH Sourcing Network (FCH) to produce the monthly Fastener Distributor Index (FDI).

 

The FDI allows qualified industry participants to identify the trends they are experiencing in areas such as demand, pricing, inventories and outlook, through a monthly survey. Individual responses are kept strictly confidential, and the aggregate information now is analyzed by the Profit Planning Group (the firm that produces the NFDA Compensation and Profit Reports).

 

You can find the FDI on the home page of www.nfda-fastener.org, with archives of past reports in the NFDA article archive. These reports are available to the public; no NFDA password is required.

 

Paul Tiffany, NFDA president says, “The NFDA is always seeking to provide value for its members and the industry as a whole. A North American Fastener Distributor Index, put together by the distributors themselves, is able to provide real time, accurate, and industry-specific information.”

 

If you do not currently participate in the FDI data collection survey, you are welcome to be part of this timely and relevant benchmarking tool. All participants receive a monthly email reminder and a link to the open survey website five days before the end of the month. The survey itself is a very manageable single page that asks very brief, qualitative questions about that month’s business conditions, and it takes only a few moments to complete. All survey responses are kept strictly confidential, never cited specifically or released.

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