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Tool manufacturer launches toolsofthebrave.com website in response to demand for American-made products.
There is a popular saying in Colorado that is typically directed toward those from the big cities and out of state who come here and explore the many Forest Service back roads through some beautiful mountain country: “Four-wheel drive has gotten a lot more people into trouble than out of trouble.” The same can be said for technology when applied in misdirected ways.
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As vending in distribution grows, distributors veterans and newcomers to vending are uncovering new challenges.
In his book Islands of Profit in a Sea of Red Ink, MIT Senior Lecturer Jonathan Byrnes says that most of a distributor’s customers are unprofitable while a few are so profitable that they more than subsidize those losses. In the recent MDM Webcast, How to Secure and Grow Your Islands of Profit Customers, Byrnes shares new tips for identifying and growing business with your most profitable customers and replicating that success with new customers.
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Distributors are helping to drive increased adoption of industrial vending in recent years. The Fastenal Company, Winona, MN, is largely credited with sparking the growth, but many of the largest distributors – and several smaller ones – have introduced their own vending solutions for customers. This article looks at the current state of industrial vending, drivers of growth and where industry experts and distributors expect vending to go. This article includes an estimated size of the vending market by number of machines.
This article is the first in MDM’s series on the industrial vending market.
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Purchase the full MDM Special Report, The Industrial Vending Boom, in the MDM Store in PDF format.
Over the past two years, AmazonSupply.com and Google Shopping for Suppliers launched as new players in an already competitive B-to-B landscape. This article provides more details on these two platforms and examines their current and potential impact on the wholesale distribution industry, as well as the challenges and opportunities they bring. Distributors also spoke with MDM about what they are doing to stay relevant as business increasingly moves online.
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This article examines ways distributors can use net profit or net before compensation to segment their markets and target new customer acquisition efforts. The authors argue that this approach will be more lucrative and ultimately easier to implement and less resource-intensive than other methods, including Activity Based Costing.
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The global e-commerce platform's business model is built around the premise of making it easier for distributors and manufacturers to do business around the world, says John Caplan, president of North America B2B and chief growth officer, global B2B.
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