Tool Kits | December 8, 2020
MarKIT: CRS Market Monitoring, Analysis and Response Kit-2nd Edition 2020
The aim of the Market Monitoring, Analysis and Response Kit (MARKit) is to improve program quality by enabling managers to adapt their programs to changes in the local market environment. MARKit provides a framework for market monitoring, analysis and response decision‑making, using prices as the main indicator. Prices are highly sensitive to changes in market function, supply and demand and can therefore signal changes that need to be investigated further.
By focusing on prices, MARKit addresses the first five market monitoring objectives listed above. Through the introduction of a standardized methodology for price collection, management and analysis, MARKit is designed to support evidence‑based decision‑making. Streamlining the market monitoring process helps teams be more efficient and effective with their time, enabling them to focus on analysis to inform decision‑making.
MARKit is designed to support managers and staff considering and/or implementing market‑based programming or resource‑transfer programs.