“The impact of extreme weather shows up this month mostly in production, which is down 6.6 and that looks very unusual in view of solid new orders, and a backlog of orders which is growing,” says ISM chair Bradley Holcomb.
After growing in 2010 and 2011, world machine tool consumption has contracted for two...
“For years we’ve been using mailing machines to invoice our accounts,” noted Mike Anderson,...
Monthly trade data show the value of crude and petroleum products net imports was roughly equal...
BNSF Railway Co. said it intends to buy a fleet of 5,000 strengthened tank cars to haul oil and ethanol in a move that would set a higher benchmark for safety within an industry that's seen multiple major accidents.
Accompanying the research results are recommendations for how independent resellers can better understand, segment, and capture key customer segments, including the female buyer.
New in 2014, the welding consumable section, previously shown to provide a summary view of the company’s wire and electrode offering, now includes product numbers to enable quick cross-referencing or order placement.
Given U.S. businesses, nonprofits and government agencies will spend in excess of $1.5 trillion in capital goods or fixed business investment (including software) this year, financing more than half of those assets, these trends impact a significant portion of the U.S. economy.
vTransport delivers a complete bi-directional Purchase Order and Invoicing capability to simplify the onboarding and maintenance of connections with suppliers for ordering and invoicing, says the company.
Ecommerce solutions have to provide bottom-line results that coincide with the company’s business strategy. Customers have made it clear that they need savings and solutions provided from their suppliers to make their business processes efficient.
During the last decade, the amount of information available to help guide B2B marketing decisions has exploded. It is estimated that B2B marketers in the United States spend about $85 billion a year to promote their goods and services; however, little research has existed until recently in understanding what the B2B buyer seeks in their considered purchase decision process, and how they want to receive and consume marketing efforts.
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 negative WC will not survive. WC is the funds that are or will be available to you in excess of liabilities that are due or will come due. It’s the difference between you sleeping well at night or not.
Since the introduction of the category 20 years ago, hook & loop fasteners have become an important part of many industrial distributors’ product offering. As the category continues to grow, so has the demand for unique hook & loop cable ties, cinching straps, and cut-to-length tapes.
Supplier performance scorecards and supplier stratification modeling are related concepts, but very different in how they should be used. Supplier stratification should be an internal metric, where an organization takes other criteria (one of which can be the scorecard metric) and combines them to rank its suppliers (traditionally in an ABCD type model).
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.
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