In the dynamic distribution world, staying ahead of market trends and making data-driven decisions are crucial for maximizing your return on investment. One effective tool that aids distributors in achieving this is rate-of-change analysis. This article delves into leveraging rate-of-change data to optimize prices and streamline inventories, ultimately enhancing your ROI. Understanding Rate of Change…
Read More
Managing large bills of materials (BOM) is a critical task for distributors, especially when handling hundreds of line items. Historically, this process was manual, involving extensive use of spreadsheets and manual input from various sources. In today's fast-paced market, such manual processes are not only time-consuming but also prone to errors and inconsistencies. The Importance…
Read More
The shift to online platforms has transformed industrial supply, offering the potential for higher margins and a limitless market reach. However, you need to adopt the right strategies to beat your competition. Here are five key trends to help you maximize ROI and stay competitive. 6 Key Tactics 1. Leverage Vendor-Managed Inventory Vendor-managed inventory (VMI)…
Read More