The following whitepapers and articles are presented for you by F.H. Black & Company.
Inventory Management - Liquidating Dead Inventory Vendor Returns
by Jason Bader
One quote says it all: "The only two sure things in wholesaling are taxes and dead stock". Every distributor purchases inventory that does not sell. But the successful distributor has a plan for dealing with dead stock items sooner rather than later, minimizing impact on cash flow and inventory turns. This article plants the seeds for helping any wholesale distributor deal with dead stock, with suggestions of where to start and what to do.
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Inventory Management - The Right Stuff, at the Right Time, in the Right Quantity
by Scott F. Stratman
It's what every distributor aims to achieve through inventory management. Saying it is one thing; actually doing it is another. Here's an article that sums up the basics necessary to approach "this inventory nirvana". Like so many things in life, achieving outstanding results is about doing the simple things very well. The problem is that the simple things aren't always that easy! Read this for a great introduction to inventory control basics.
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Inventory Management - The Wholesale Distribution Inventory Paradox
by Bill Marr
Never has it been more important to align inventory to profitability than in today's ultra-competitive marketplace. Misalignment is far more common and costs WD's more than most could ever imagine. Learn the pitfalls and the action steps you can take today to make inventory your friend.
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Inventory Management - Using ROI to Reduce Vendor Duplication
by Jason Bader
Inventory, likely your single largest asset, requires constant TLC and analysis. If you've never done an in-depth analysis of your inventory, are you in for a surprise! Looking at all your SKUs by vendor, evaluating returns, and using other metrics to assess profitability can have a profound effect on your business if acted upon. Read a great article on how you can start to look at your inventory in a way you may never have seen it before!
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Operations - Picking Should Not Be A Scavenger Hunt
Scott F. Stratman
Send out the search party! I know we have a case of those widgets around here somewhere! Too often inventory comes in through the door of a wholesale distributor, only to be seen again after an intense walk down the aisles, necks cranked to scan the top shelves for the missing culprit. Read how with a little organization and discipline, you can banish the inventory scavenger hunt from your warehouse!
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Operations - Sometimes Being Audited is a Good Thing
by Scott F. Stratman
The 'A' word strikes fear into the bravest of business people�but this kind of audit should be welcomed! In fact, a systems audit of your internal utilization of your computer software used to run your business may be one of the best investments you can make. Few distributors use their software to full capability. In this world of shrinking margins and increased customer demands, being efficient is essential to profitability, even survival. A key to increasing your efficiency just might reside in the computer on your desk...you just don't know it!
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Operations - Ten Easy Steps to Increase the Efficiency of Your Warehouse
by Jason Bader
Having grown up in a construction supply house, I spent countless hours observing the
good, the bad, and the ugly of warehouse management. I am probably the only person
you have ever met who has vacuumed warehouse shelves.
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Sales and Sales Management - Upgrading the Wholesale Distribution Salesforce
by Adam Fein
Are your sales people ready for tomorrow�s challenges?
In a previous column, I pointed out that the average wholesale distribution sales rep can become much more productive by using technology.
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Strategic Planning - Facing the Forces of Change The Road to Opportunity
by Adam Fein
What if you had a crystal ball and could see what the future will bring for your company? The National Association of Wholesale-Distributors (NAW) is devoted to the protection and education of our industry. Every few years, NAW brings out their crystal ball and based on their intimate knowledge of the wholesale distribution industry, they divulge what they see as the leading trends and how you can be one of the first to take advantage of them.
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Strategic Planning - Fee-Based Services in Wholesale Distribution
by Adam Fein
If you think getting close to your customer is necessary for success today, have a look at what's in store for the wholesale distributor of tomorrow. Successful companies will sell services related to the products they already provide. Relationships and creativity will be the order of the day in offering unique solutions that differentiate you from your competition.
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Strategic Planning - Five Technology Trends for Industrial Distributors
by Adam J. Fein
Wholesale distributors invest significantly in technology...few industries spend as much! Let's examine the upcoming trends that will affect the entire industry in the years ahead. Self-checking at the grocer and at Home Depot is already a reality. How much longer before your customers demand that type of self-service?
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Strategic Planning - Get Big, Get Focused, or Get Out
By Adam Fein
Today's independent distributor is faced with three big-picture strategic options. For a thought-provoking article from one of wholesale distribution's pre-eminent thinkers, read this.
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Strategic Planning - The Productivity Imperative for Wholesale Distribution
By Adam Fein
Margin squeeze...is there a wholesale distributor unfamiliar with this experience? We think not! The WD's main weapon against shrinking margins in the past has been increased productivity, mainly through technology. Expect this to continue at even a stronger pace in the future.
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