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Harnessing Rate of Change Analysis for Smarter Inventory and Pricing Decisions

Achieving maximum ROI in distribution hinges on your ability to make informed decisions about inventory management and pricing strategies. One powerful yet underutilized tool that distributors can leverage is rate-of-change analysis. By focusing on short-term and long-term sales trends, rate-of-change metrics provide invaluable insights that help distributors optimize their inventory and pricing decisions to stay…

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How AI Helps Distributors Optimize Prices for Maximum Return

Historically, when it comes to pricing, striking the perfect balance between profitability and customer satisfaction is an art form that requires a deep understanding of market dynamics, consumer behavior, and financial strategies. AI technology can transform pricing for distributors from a subjective art to a precise science. Optimizing prices allows them to use their data…

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Understanding Inflation: Insights for Distributors and Manufacturers

We hear about inflation a lot, but do we truly grasp its implications for our industry? Let's start with a straightforward definition: Inflation: A persistent, substantial rise in the general level of prices related to an increase in the volume of money and resulting in the loss of value of currency. The critical part here…

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3 Pricing Models Distributors Can Use for Price Optimization

Distributors with thousands of SKUs in their catalogs consistently face the daunting task of accurately setting prices for the products they sell to ensure they are appealing to customers while meeting the business’s financial goals for each item. Despite the significant amounts of data they generate through the buying and selling of products and services,…

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AI Inventory Optimization: Reducing Excess Stock To Improve ROI

In today’s fiercely competitive market, distributors need cutting-edge solutions to enhance efficiency and maximize profits. Enter AI and machine learning—powerful tools that can revolutionize how you manage inventory and optimize pricing. Here’s how AI-driven inventory optimization can transform your business. Precision Stock Management AI-driven inventory optimization uses sophisticated algorithms to analyze vast data points such…

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The Business of Bargains: Discounts and Promotion Approaches That Drive Results

Discounts and sales promotions always catch a buyer's eye and can help distributors attract interest for a new product, renew interest from former customers, or clear out inventory of a discontinued product. However, it's important they are used strategically. A discount or promotional offer launched without a strategic intent could not only fail to achieve…

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Navigating the Tension Between Sales and Procurement During Market Recovery

The volatile economic climate since 2020 has put distributors in a tough spot. As business activity slows in some areas, distributors are grappling with finding a new normal in supply planning with vendors. This involves resetting inventory models, which leads to supply chain issues and material shortages, creating tension between sales, procurement, and finance teams…

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From Chaos to Control: Revolutionizing Distribution with Pricing and Analytics

Managing large bills of materials (BOM) can be overwhelming for distributors, especially when dealing with hundreds of line items across multiple categories. Relying on manual input and spreadsheets is outdated, error-prone, and inefficient. To remain competitive, distributors need to embrace technology-driven solutions like system pricing and advanced analytics to streamline operations, improve accuracy, and make…

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Recession Ready: Proven Strategies to Keep Your Business Strong

Economic downturns bring uncertainty and stress to businesses of all sizes. However, with strategic planning and proactive management, businesses can not only survive but also emerge stronger. Here are key areas to evaluate and actionable tips to guide your business through tough times! 1. Evaluate Your Cash Runway Understanding your financial position is crucial. Having…

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