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AI Inventory Optimization: Reducing Excess Stock To Improve ROI

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

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

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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