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Being "lean and mean" with inventory can lead to profitability.
To thank you for your business and add value to your MDM Premium subscription, MDM offers bonus content each month exclusively to premium subscribers.
This month we feature an exclusive excerpt from The Distributor's Guide to Analytics, a new book that will be available for purchase from mdm.com in December 2014.
In this article by Jon Schreibfeder, see how to apply inventory management analytics throughout a distribution business, from customer service to stockouts.
This content is exclusively available as bonus content to MDM subscribers. Log-in below to download the PDF of this month's report.
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This article is a part of MDM's 2014 Distribution Trends Report. The article analyzes the key trends in inventory management in the wholesale distribution industry, including better collaboration between manufacturers and distributors and better use of data in regards to inventory.
The annual report was researched and written by MDM editors based on interviews with dozens of wholesaler-distributors, as well as industry experts and manufacturers. MDM also conducted a survey of its readers to uncover the trends outlined in this report.
The full report is available to download in PDF format to MDM Premium subscribers. Subscribe below for full access. Or log-in if you are already a subscriber.
Trends outlined in the 2014 report include:
- Leaving Economic Uncertainty Behind
- Connecting the Dots Online and Offline
- Need for Access Whenever, Wherever, However Drives Mobile Adoption
- Avoiding Information Overload Essential with Analytics
- Making the Case for Millennials in Distribution
- Training, Technology Take Front Seat in Employee Retention Strategies
- Better Inventory Management Through Data, Collaboration
- Distributors Seek More Complete Strategy for Vending
- Private Equity Consolidating Markets
- A More Practical Approach to Product Expansion
- Trend Snapshots for 13 Sectors
The report also includes the following case studies and interviews:
- 2014 MDM Market Movers
- Engman-Taylors Cost-Saving Teams
- Capitol Coffees Proactive Problem-Solving
- Redwood Plastics Online Success Story
- MDM Market Leader Profiles
- DGI Supply: Building on the Core
- F.W. Webb Takes Diverse View of Market
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Not a subscriber? Subscribe below or learn more. Subscribers also have access to the following related articles:
- The State of Analytics in Distribution: 2014
- The Shifting Competitive Landscape in Distribution
- The Disruptive Technologies Special Report
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Industry-watchers say that robotics technology is growing more sophisticated and can increasingly perform a wider range of tasks and collaborate with humans. This article examines the potential impact on distribution operations.
This article is part of MDM’s Disruptive Technologies Special Report.
This article includes:
- Current applications for robotics
- The growth of robotics
- The business case for automation
Subscribers should log-in below to read this article.
Not a subscriber? Subscribe below or learn more. Subscribers also have access to the following related articles:
- 3-D Printing Drives Supply Chain Shift
- Bridging the Digital & Physical through Augmented Reality
- Redefining Competitive Advantage
Forecasting can be a challenge if distributors include too much information.
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Research conducted by MDM on the adoption and use of analytics by wholesale distribution companies revealed several key trends:
- The wholesale distribution industry is transitioning to a more data-driven mindset, but there are widely different views on what that means.
- Many distributors say they don’t have the right analytic tools, technologies and talent needed to stay competitive in quickly shifting markets.
- Survey respondents are generally satisfied with analytics centered on operational efficiencies and financial reporting, but less satisfied with deployment of more strategic tools focused on profitability, sales, marketing and service development.
This article includes:
- The evolution of Analytics
- Results from the MDM survey on use of analytics in distribution businesses
- Opportunity for competitive advantage using analytics
Subscribers should log-in below to read this article.
Not a subscriber? Subscribe below or learn more. Subscribers also have access to the following related articles:
- Beyond Amazon: E-Commerce's Impact on Wholesale Distribution Markets
- The Rise of 'Little Data' in Distribution
- MDM Interview: Breaking Down the Barriers for CRM
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Effective inventory management requires knowing how to make exceptions to stocking rules.
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As vending in distribution grows, distributors veterans and newcomers to vending are uncovering new challenges.
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