2013 - Page 14 of 83 - Modern Distribution Management

2013

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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MDM-Baird Distribution Survey: Slow but Steady Growth in Third Quarter

Robert W. Baird & Co., in partnership with Modern Distribution Management, conducted a survey of more than 500 distributors and manufacturers to gauge business trends and the outlook for the distribution industry in diverse sectors. This article is a summary of third-quarter results and distributor and manufacturer expectations for 2013.

This article includes:

  • Third-quarter revenue & pricing trends for wholesale distribution
  • Revenue forecasts for fourth quarter & 2013
  • Sector-specific trends for 19 sectors
  • Inventory levels
  • Outlook for nonresidential construction in 2014

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  • Redefining Competitive Advantage
  • What’s Your Business Worth?
  • Commentary: The Pain of Uncertainty

 

MDM-Baird Distribution Survey: Slow but Steady Growth in Third Quarter 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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Not a subscriber? Subscribe below or learn more. Subscribers also have access to the following related articles:

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

Commentary: How Good is Your Knowledge Transfer? Read More »

Softer September Dampens Airgas’ Outlook for FY2014

McCausland: ‘Growth is hard to come by in this economy.’

Softer September Dampens Airgas’ Outlook for FY2014 Read More »

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