 |
Lock in savings now before June 1 rate increase! |
 |
The issue of data synchronization (see article on p. 1) is just such an iceberg for wholesale
distribution. Part of the problem is that free markets tend not to be neat and orderly by nature. Why should I push for standards
when every fiber of my business is oriented to gaining competitive advantage in my markets? Won't whatever benefits gained
by clean data in the supply chain be neutralized if my competitor gets the same advantage? A fair question.
The bottom
line of the study is there is an opportunity ...
The issue of data synchronization (see article on p. 1) is just such an iceberg for wholesale
distribution. Part of the problem is that free markets tend not to be neat and orderly by nature. Why should I push for standards
when every fiber of my business is oriented to gaining competitive advantage in my markets? Won't whatever benefits gained
by clean data in the supply chain be neutralized if my competitor gets the same advantage? A fair question.
The bottom
line of the study is there is an opportunity to add a full percentage point to the bottom line of a manufacturer and three
quarters of a percent to the bottom line of a distributor if industries can figure out how to standardize and maintain clean
product and pricing data. That's a compelling answer to why this issue is so important.
Many leaders across different
product segments are championing this cause, for good reason. If the independent channels of distribution are to remain competitive,
they have to continue to claw for every percentage point. Third-party logistics and purchasing entities will continue to drive
margins down and put pressure on distributors that have the capabilities to offer a deeper array of value-added services.
The technology is there to build data warehouses. Data errors and the rework costs they carry may not sink your business
this year or next, but there are so many hidden costs to this iceberg that suck up your resources just navigating the daily
emergencies. Is one percent to the bottom line worth working on?
 |
 Download
the Top 40 Industrial List -FREE |
| View the Top Distributors in 12 Sectors: | |
| 2011 Distribution Landscape Report: Access Now | |
Join MDM's Independent Distributor
Network 
Follow MDM on Twitter
 Social Media Marketing for Distributors Bob DeStefano, SVM E-Marketing Solutions, separates the "hype from the helpful" on social media marketing. Watch now. iPad users: click here to view. |
 Economic Update:Behind the Moderation MAPI Economist Cliff Waldman discusses some of the factors behind the slowing economic recovery. Watch now. |
 7 Minutes With ...Morrison Supply Company CEO Chip Hornsby talks about his goals for the company & the outlook for 2012. Watch now. |
More Audio and Video Features from MDM: |
Think About It: |
|
Training Resources
 |
 |
 |
 |
|||
|
Featured Article: What AmazonSupply.com Means for Independent Distributors $34.95 |
Inventory Management Best Practices with Jon Schreibfeder: DVD + Book $119.00 |
The State of E-Commerce and Catalogs in Distribution $44.95 |
Benchmarks & Best Practices: The Answer Book for Growth-Minded CFOs & Controllers $249.00 |
| Title | Company | Location |
|---|---|---|
| Purchasing Manager | PCA SKIN | Scottsdale, AZ |
| BUSINESS DEVELOPMENT MANAGER | Graybar Electric Company | Denver, CO |
| INDUSTRIAL OUTSIDE SALES REPRESENTATIVE | Graybar Electric Company | Phoenix, AZ |
| General Manager | Applied Industrial Technologies | Norfolk, VA |
| Rubber Specialist | Applied Industrial Technologies | Baltimore, MD |
| General Manager | Applied Industrial Technologies | Amarillo, TX |
| Account Manager | Applied Industrial Technologies | Middletown, OH |
| View ALL Wholesale Distribution Job Listings |
|
|
 |
|
|
|
 |
Leave a Comment