ELECTRI International is thrilled to announce the development of an innovative and interactive key performance indicator (KPI) data benchmarking integration through the ELECTRI website collection feature on www.electri.org, made possible by a substantial donation from Graybar.
“Once we have gathered significant contractor input, we will be able to see the big picture for industry trends. This new ELECTRI website interface will gather leading data for our industry and help contractors of all sizes all across North America move into the digital age,” stated Josh Bone, Executive Director of ELECTRI.
ELECTRI’s recent research identified 18 critical KPIs, including cash flow, budget vs. expense, hours burned vs. hours earned, safety metrics, backlog, revenue, invoice days outstanding, composite labor rates and more. You can download the complete list of 18 here. This new tool will provide comprehensive insights, enabling contractors to benchmark their performance and drive improvements.
Graybar, one of the founding NECA Premier Partners and a longstanding council member of ELECTRI International, has played a pivotal role in this initiative. As a leader in the innovative use of data and technology, this investment in ELECTRI is an ideal fit with Graybar’s long-term priorities.
“At Graybar, we understand how important data is to the future of our industry,” said Graybar Chairman, President and Chief Executive Officer Kathleen M. Mazzarella. “We believe our support of this project aligns well with our strategic investments in technology, data, and business transformation. We look forward to collaborating with ELECTRI to discover new and innovative ways to use data to move our industry forward.”
About Graybar
Graybar, a Fortune 500 corporation and one of the largest employee-owned companies in North America, is a leader in the distribution of high-quality electrical, communications, and data networking products, specializing in related supply chain management and logistics services. Through its network of more than 345 North American distribution facilities, it stocks and sells products from thousands of manufacturers, helping its customers power, network, automate, and secure their facilities with speed, intelligence, and efficiency. For more information, visit www.graybar.com or call 1-800-GRAYBAR.
About ELECTRI International
ELECTRI International is a premier foundation dedicated to advancing the electrical construction industry through innovative research, education, and philanthropy. ELECTRI focuses on conducting groundbreaking research projects, developing educational programs, and creating tools that improve business practices and safety standards. By fostering collaboration among electrical contractors, industry partners, and academic institutions, ELECTRI aims to drive the industry forward, ensuring sustainable growth and technological advancement. For more information, visit www.electri.org.