Industry standards include key financial and business performance indicators of companies within a sector, mainly used for:
Analyzes business cycles, predicts growth trends, and evaluates the impact of macroeconomic factors.
Identifies a company’s strengths and weaknesses and its position within the industry.
Assess the financial and business health of suppliers, evaluate supply chain disruption risks, and identify capacity enhancement opportunities.
Define criteria to identify potential partners who can drive business growth.
Help select industries and products with the best business opportunities.
A crucial process for business to assess activities and finance, to identify areas for improvement, and track progress over time.
Help businesses understand the impact of macroeconomic factors on the industry and forecast future trends, enabling strategic decision-making.
Outputs from Industry Becnmarking include company group benchmarks, average metrics, median metrics, industry averages, etc.
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