Need Help? (888) 742-5060

In The News:

Tip: Build a Three-Year Plan to Optimize Analytics

Tip: Build a Three-Year Plan to Optimize Analytics

March 8, 2018

Making analytics a long-term priority and not trying to implement too much too quickly is the key to a successful plan, according to MDM CEO & Publisher Tom Gale in 7 Steps to Elevate Analytics in 2018.

"There are many unknowns about how this industry will be shaped in the next five years by Amazon and many other players," Gale says. "What is known – a strong analytics foundation will be critical to compete effectively."

Gale recommends building out a three-year plan for analytics in order to grow at a steady, yet manageable place.

"The keyword is 'build,'" Gale says. "The vast majority of distributors are early in developing analytics capabilities. Or outsource a slice of analytics to a vendor as a turnkey solution that sometimes delays building a stronger internal capability."

Keeping a team on pace over a long period of time can be easier said than done, but the long-term importance of analytics should be incentive enough to stay motivated.

"Unless your management team is aligned on the longer-term strategic objective, it will get derailed by other priorities," Gale says.

Read more tips for changing how your organization thinks about analytics in 7 Steps to Elevate Analytics in 2018.

© 2019 Gale Media, Inc.

Please do not reprint MDM's content on your website without MDM's express permission as it is copyrighted material. To gain permission, email us, or call 1-888-742-5060. For information on PDF or print reprints, visit MDM welcomes inbound links from your site. Please cite Modern Distribution Management.

2018-top-distributors-listThe 2018 Top Distributors List

This free PDF includes lists of top distribution companies across 14 sectors.

You will also receive MDM Update, our daily distribution e-newsletter & other distribution-focused content.

Download the Free PDF now >>

MDM-UpdateMDM Update: Daily Newsletter 

Sign up to read the best source for news & trends in wholesale distribution, MDM Update. Delivered daily to your inbox. 

Sign-up for MDM Update >>

More From Mdm

Post a comment to this article

Partner Center