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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.
Latest In Inventory Management
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Customer managed inventory technology is far faster, eliminates price shopping and reduces the risk of error, says eTurns’ Rock Rockwell.
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Bloggers answer distributor questions on how to manage COVID-19-induced business changes.
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Industrial vending machines not only offer customers the opportunity to provide safety and PPE, but also help track employee compliance during times of heightened risk.
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Identify strengths and weaknesses across three business sectors — process, technology and people — to improve ongoing company performance.
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A granular approach to forecast adjustment during a period of revenue decline can help distributors better understand demand shift and adjust for variability.
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The average distributor sees just 25% or less in profit realization.
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There are well-known quick fixes an inventory management solution can bring to a distributor, such as cutting back on disappearing products or eliminating user error from incorrectly typed SKUs on a manual tracking spreadsheet. But the data available from inventory management platforms can also present a long-term strategic opportunity in the form of improved demand planning, exposure of costly trends and even visibility into competitors share of customer spend.
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With effective inventory control solutions there will be less waste and less shrinkage but more opportunity
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Five ways distributors can improve customer relationships with vending tools.
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Successful inventory sharing networks have six things in common, including a proactive approach to the process.
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A common theme resonated throughout MDMs most-read blogs.
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Three ways non-retail vending programs can be a powerful tool to set distributors apart.
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Give customers what they want: lower consumption, lower carrying costs and decrease stock-outs.
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Here are three best practices for distributors to minimize consignment risks.
- Blog
An adversarial approach may have the opposite of the desired effect.
Simply implementing vending for customers won't guarantee a return.
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Weigh these costs and benefits before venturing into the vending fray.
Don't wait until your customer asks for it.
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