New interactive benchmarking tool streamlines and improves benchmarking process for association
WINDHAM, NH (PRWeb) - October 2, 2018 - Dynamic Benchmarking ®, a provider of customized online benchmarking and reporting solutions, is pleased to announce the launch of two, new online benchmarking studies for the Precision Metalforming Association (PMA). These studies will deliver immediate, comprehensive data on compensation and operational performance to participating association members.
“For more than 40 years, PMA has provided business reports to our members outlining key industry data to optimize operational and strategic performance,” comments PMA Senior Data Analyst, Cindy Minn. “With the launch of Dynamic Benchmarking, we are now able to deliver that data faster and in a more meaningful way through a cloud-based system that offers real-time data personalization.”
The new studies combine six, separate surveys into two, streamlined studies—one focused on compensation and the other on operations. The compensation study collects and compares data on wage rates for more than 100 common metalforming industry job classifications, including executive compensation and benefit packages. The operations study focuses on key management, productivity and quality performance measures; operational costs and profitability; safety, including evaluation of company performance as compared to OSHA requirements and the DART rating system; as well as sales and marketing performance indicators.
“By combining the studies and moving them to the Dynamic Benchmarking platform, we’ve given our members simplified, timely access to crucial performance data for both their individual operations and the industry as a whole,” adds Minn. “Now they can quickly identify opportunities for improvement and create reports to present to management to turn those opportunities into realities.”
Data collection for both studies started August 23, 2018, and access to reports is available free-of-charge to participating PMA members.
ABOUT THE PRECISION METALFORMING ASSOCIATION
The Precision Metalforming Association (PMA) is the full-service trade association representing the $137 billion metalforming industry of North America—the industry that creates precision metal products using stamping, fabricating, spinning, slide forming and roll forming technologies, and other value-added processes. PMA has more than 800 member companies who also include suppliers of equipment, materials and services to the industry. They also serve to shape the environment of the metalforming industry, leading innovative member companies toward superior competitiveness and profitability. For more information, please visit www.pma.org.
ABOUT DYNAMIC BENCHMARKING
Dynamic Benchmarking is a New Hampshire-based startup that delivers real-time benchmarking and data analysis solutions with the features and capabilities of custom software in a format that is easy to use and quick to deploy. Founded by a team of women entrepreneurs, Dynamic Benchmarking combines powerful, web-based technology with unparalleled industry expertise and customer care to provide best-in-class, peer-to-peer data comparison for small businesses, associations, large enterprises and any organization looking to tap into the knowledge of the crowd for the collection of best practices, salary comparison, financial and operational data and more. Dynamic Benchmarking builds web-based solutions that are flexible, scalable and allow for meaningful comparison of financial and operational performance in a dynamic and interactive manner. For more information, please visit www.dynamicbenchmarking.com. Dynamic Benchmarking ® is a registered trademark of Dynamic Benchmarking, LLC. Any unauthorized use is expressly prohibited.