MDM News Digest 4819
MDM's top news briefs from September 26 - October 10, 2018.
MDM's top news briefs from September 26 - October 10, 2018.
MDM President Ian Heller has had the honor of serving as a VP for four large, publicly held distributors and has presented to various boards of directors, private equity investors, CEOs and so forth. As a result, he has had the opportunity to learn by trial and error the best ways of presenting to senior executives.
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Distributors can grow their companies through disciplined focus on a small number of metrics. In particular, controlling operating expenses is a consistent indicator of steady growth, closely followed by a healthy gross margin. A necessary first step, however, is rigorous statistical benchmarking to find out where your company currently stands in its industry sector.
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How important is organizational culture in a warehouse setting? Experts say that if the culture is outstanding, employee performance will reflect it. The culture establishes a framework for equal treatment for all and nothing helps reinforce fairness better than pure analytics derived from concrete data.
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The power of thinking independently.
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The MDM Market Snapshot, based on data from MDM Analytics, includes market demand for Industrial Hose in the U.S., plus the top end users by 6-digit NAICS.
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Macys President Hal Lawton joins board of directors January 1.
Manuel Kadre joins retailers board of directors.
Year-to-date sales increased 11.8 percent.
Daily sales top $21.1 million during the month.