Fastenal's May sales report and update on its sales headcount led news traffic on ID this past week, while an article about inventory management best practices was also a leading item.
Here's this week's Top 5
Fastenal May Daily Sales Slow, Trims Selling Headcount Further: The company posted continued daily sales growth in May, albeit slower than April's, while it has now reduced its total full-time headcount by 460 since the start of the year.
What Is The Real Cost Of Dead Inventory?: Even in well-run companies, anywhere from 20-30 percent of inventory is dead or obsolete. There are many hidden costs to consider before determining the true cost of your dead inventory. Cutwater Solutions' Eric Jensen explains how ignorance about these costs of dead inventory place your business in peril.
More Details On Grainger's New San Antonio Office: Grainger CEO Jim Ryan and Texas Governor Greg Abbott confirmed the company's new office location Tuesday, sharing details on when it plans to be fully operational and how many employees it plans to hire there.
Getting Past The Sales Procurement Trap: Paul Reilly of Reilly Sales Training discusses tips to manage the predicament of selling to someone in purchasing who is less willing to buy your value-added solution because they are focused more on price.
Industrial Distributors & Manufacturers On The 2016 Fortune 500: Let's take a look at where industrial manufacturing and distribution companies — including those on Industrial Distribution's Big 50 List — made their mark on this year's Fortune 500