Rock Rockwell examines several innovative technologies that can help stockroom managers meet today’s inventory management demands.
Posts By Rock Rockwell
The pandemic forced distributors to increase their online footprint to meet demands from customers; the result is now the new normal.
Rock Rockwell, the CEO of eTurns, shows how distributors can overcome the sudden slowdown of incoming cash flow due to delays of projects, struggling customers, general economic distress or healthcare-related shutdowns.
Customer managed inventory technology is far faster, eliminates price shopping and reduces the risk of error, says eTurns’ Rock Rockwell.
Forecast error — the difference between forecast demand and actual demand — can negatively impact cash flow at a time when distributors want to conserve cash while dealing with coronavirus fallout. Reconsider relying on sales history alone, pre-determined inventory agreements, keeping rare items in stock and depending on sales reps to report market changes.
Distributors have a big opportunity to take their value proposition to the customers physical locations.
Here are three best practices for distributors to minimize consignment risks.
