October 2013 - Page 2 of 10 - Modern Distribution Management

October 2013

Recommended Reading: 3 Challenges Distributors Face with Vending

As vending in distribution grows, distributors veterans and newcomers to vending are uncovering new challenges.

Recommended Reading: 3 Challenges Distributors Face with Vending Read More »

Commentary: How Good is Your Knowledge Transfer?

In a recent conversation with MDM, Mike Rowlett, CEO of Womack Machine Supply, said: “If we treated young folks new to the business today the same way that I was treated 35 years ago, we wouldn’t be able to keep any of them.” How distribution companies integrate new talent today can have a big impact on success tomorrow.

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  • Protecting Your Knowledge Base
  • The Case for a Radical Sales Overhaul
  • Commentary: Re-evaluate the Human Capital in Your Company

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MDM Interview: Minimizing Risk in Your Business

Distributors face many kinds of risk, including product liability claims, economic uncertainty, employee injuries, natural disasters and supply chain disruptions. By identifying potential scenarios, and ranking and planning for each of them, risk can be reduced and managed, Vernon Grose, author of Managing Risk: Systematic Loss Prevention for Executives and founder of Omega Systems Group Inc., tells Staff Writer Angela Poulson. Grose is a former member of the National Transportation Safety Board and a risk management aviation expert who has applied lessons from that work to help businesses and organizations.

This article includes:

  • Advice on how distributors should approach risk in their businesses
  • Details on the SMART (Systems Methodology Applied to Risk Termination) technique for managing risk
  • The importance of ranking risk
  • Common elements of risk that are often overlooked

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  • Data Security Risks Grow
  • Disaster Plans: ‘No Single Point of Failure’
  • MDM Interview: Why Analytics is About People, Not IT

 

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Download this Issue in PDF: Oct. 25, 2013

This is the PDF of this issue of Modern Distribution Management.

Table of Contents:

  • MDM-Baird Survey: Slow but Steady Growth in 3Q Survey
  • MDM Interview: Minimizing Risk in Your Business
  • Commentary: How Good is Your Knowledge Transfer?
  • The Difference Between Stock & Stuff
  • News Digest

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The Difference Between ‘Stock’ & ‘Stuff’

Many distributors struggle to effectively separate what should be stocked from what shouldn’t, according to Jon Schreibfeder, president of Effective Inventory Management Inc. But by ranking inventory by activity levels, cost of goods sold and profitability, distributors can determine when and whether to stock products.

This article, an exclusive summary of the recent MDM Webcast, Effectively Analyzing Your Inventory Investment. Access the webcast at www.mdm.com/inventory-investment, includes:

  • How to differentiate between “stock” and “stuff”
  • Evaluation of the right levels of the different types of stock
  • How to rank your products for effective management

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  • Inventory: The Good, The Bad and The Ugly
  • Make Your Data Work to Grow Profitability
  • Case Study: Minimizing Surplus Inventory

 

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