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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Maintaining consistency and efficiency in pricing and inventory management is top of mind for distributors who are constantly looking for ways to stay competitive and profitable. Birmingham Fastener & Supply, a leading player in the industry, faced similar challenges and turned to Intuilize for a solution. Joe Phifer, CFO of Birmingham Fastener & Supply, shares…
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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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Maintaining a perfect balance between customer service, inventory management, and pricing optimization is no small feat. Distributors face constant challenges in tracking shipments, managing data, and ensuring accuracy without any room for errors. The complexity of these tasks often leaves little time for the critical data analytics that drive business growth. However, as Gary Cravens,…
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This month, Intuilize has been honored to collaborate on a 5 Minutes with ID video for Industrial Distribution magazine. Without a doubt, in the ever-evolving world of industrial distribution, technology has revolutionized the way distributors manage their operations. For over a century, ID has been at the forefront. With this in mind, our founder and…
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An aging workforce can be considered an important challenge, but it also presents enormous opportunity for distributors. In the ever-evolving landscape of the distribution industry, a significant transformation is underway. This pivotal moment is characterized by the interplay between an aging workforce and the influx of new, tech-savvy talent. And, like all things, it presents…
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Nelson Valderrama, our CEO and founder, has contributed an article to PHCPPros, one of the top platforms dedicated to the plumbing, heating, cooling, and piping (PHCP) industry.PHCPPros serves a broad audience of 100,000 professional engineers, distributors, and contractors. Not only this, but it is renowned for amalgamating the editorial prowess of Plumbing Engineer, The Wholesaler,…
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This January, our CEO and founder Nelson Valderrama had a new feature in MDM. This time, publishing the article: “Make Your Purchasing Manager a Rock Star: How Reinvention Drives Growth”. He covered: The importance of Purchasing Managers How a good Purchasing Manager can make the difference in your business Ways to improve the performance of…
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Price optimization can help distributors achieve optimal pricing levels that align with shifting market dynamics, seasonal and historical demand, and customer willingness to pay, ultimately driving business success and financial performance. Through the use of technology, future-focused distributors can leverage their own data to build strategies that will find the perfect pricing for their audience…
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