In today's customer service world, the first age where phone support is preferred over web support occurs at age 51. We point to the millennials a lot, but everyone is moving to a more tech based system all the time. Companies are falling behind if they are not offering that as an option.
Working capital is the money you need to pay for day to day operations, and a business with...
Since the introduction of the category 20 years ago, hook & loop fasteners have become an...
Supplier performance scorecards and supplier stratification modeling are related concepts, but...
Supplier performance scorecards and supplier stratification modeling are related concepts, but very different in how they should be used. A supplier performance scorecard program should be used between an organization and its suppliers as a means of evaluating the performance of the suppliers against mutually agreed upon or accepted criteria.
Company CEO Will Oberton said although vending machine signings were down from where the company wants them to be, “we believe we’re moving in the right direction.”
For many distributors and manufacturers, the expense of payment processing is an accepted cost of doing business. And when looking to reduce costs, most tend to overlook the biggest component of fees associated with processing payment transactions—card Interchange.
This total, as reported by companies participating in the Cutting Tool Market Report collaboration, was up 1.3% from July’s total but down 13.2% from August 2012.
Supplier often find themselves in a squeeze - having to pay manufacturers upfront, but not getting reimbursed themselves for 60 - 120 days - or more. Some creative efforts are under development to help manufacturers alleviate some of the procurement pressure on suppliers.
Abe WalkingBear Sanchez discusses the "bad debt" that distributors sometimes face. In It may seem like a contradiction, but there are times when more bad debt can mean an improvement to the bottom line.
With the tap of a finger, customers can spin a heavy motor control center 360 degrees, simulate an arc flash event, connect an Ethernet cord on the Powerbus, remove the cover from a PowerPact circuit breaker and see inside, or spin an auxiliary component.
The site, which helps purchasers directly compare cleaning products based on environmental, health, and safety attributes, also was well received at the recent Every Building Show hosted by the Building Owners and Managers Association (BOMA). Transpare was developed using a consensus-based process driven by the priorities of purchasers representing key market sectors.
The headlines often trumpet news about declining commodity prices. So why don’t these reductions ever seem to result in price reductions from suppliers? Suppliers will never volunteer to lower their prices, of course. Because of that, the only way for purchasers to parlay falling raw-materials expenses into real cost savings is to arm themselves with critical knowledge that can give them an edge in price negotiations.
Even though machine tool demand has had a week start in the first quarter of 2013, experts look to the second half of the year to provide growth in orders. Expectations in Germany are once again focused on the expanding markets of Asia. In China, particularly, by far the biggest market for the German machine tool industry, faster economic growth is again being forecast.
Orders for durable goods, items expected to last at least three years, rose 3.3 percent last month from March, the Commerce Department said Friday. That followed a 5.9 decline in March. A measure of business investment plans increased 1.2 percent. And the government revised the March figure to show a 0.9 percent gain, instead of a slight decrease.
Industrial, manufacturing and process organizations continuously require a number of parts for maintenance, repair, and operations (MRO). Consequently, optimization of MRO processes is a permanent challenge faced by all plant managers and their teams.
Affiliated Distributors’ PVF Divisions welcomes three new Affiliates to join their member line-up: Border States of Fargo, ND; J.O. Galloup Company of Battle Creek, MI; and Lakeside Supply Company of Cleveland, OH. Border States is already a very active Affiliate in three other AD Divisions and joining the PVF Division is a natural addition in support of their Oil & Gas/Utility related business.
The Securities and Exchange Commission had responded to some retail industry concerns about new regulations requiring publicly traded companies to determine whether their products contain “conflict” minerals from the Democratic Republic of the Congo, but it is too soon to determine the full impact of the regulations on retailers.
Their new sourcing platform was launched in June to help engineers and buyers build U.S. Supplier networks and manufacture made-to-order parts . . .
The industrial distribution marketplace offers a particularly strong network of organizational resources. Because so many exist — and offer such a varying array of services — how can a distributor determine which, if any, is the right one?
Does sticker shock prevent plants from investing in energy savings?
The SourceNow platform presents easy-to-use functionality designed to streamline the complexities of sourcing custom-manufactured products . . .
ID got a chance to speak with Josh Green, CEO of Panjiva, about their latest report, “The State of Global Trade in 2012," and the optimism that it unveils . . .
Effective immediately, Syndicated Solar will become a preferred Affiliated Distributors Clean Energy Supplier providing design, consulting, construction and financing services
When it comes to industrial B2B transactions, there are many important links on the supply chain. While these complex business relationships can carry their own burdens, they also offer big opportunities for distributors to leverage their procurement needs against their suppliers’ ability to source effectively and efficiently.
The cost of procured goods and services represents between 25% and 60% of a company’s total operating expenses
The three‐and‐one‐half‐day course combines classroom instruction, small‐group discussions, and computer laboratories, all centered on a specially designed wholesale distribution industry case study.
President Barack Obama has adopted a new strategy declaring for the first time that the United States has a national security interest to protect the nation's economic goods against terrorists.
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