Posts By Nissa LaPoint

Distributors continue to home in on the booming domestic oil & gas market, driven by gains in oil and gas shale exploration and production. They say that despite concern over possibly stiffer regulations and environmental challenges, these markets continue to grow faster than other end-markets and hold potential for growth down the road.

The oil and gas market has always been a focus for GHX Industrial Inc., a Texas-based industrial distributor, but when a new technology to extract gas from shale in the U.S. emerged over the past decade, the company aggressively expanded its industrial hose and gasket business into new geographic markets.

Many distributors like GHX Industrial have benefited from …

There’s always room for improvement in inventory management no matter the size of the company. Jon Schreibfeder, president of Effective Inventory Management and author of Achieving Effective Inventory, shares the first steps a company should take to manage its inventory. Schreibfeder was featured in a recent MDM Webcast, Inventory Management Best Practices for 2012, available at www.mdm.com/inventory.

For wholesale distributors, managing inventory effectively is essential for profitability. After all, the heart of most distributors’ businesses is the warehouse.

But not all distributors know how to effectively manage their company’s inventory, says Jon Schreibfeder, president of Effective Inventory Management, Inc., and author of Achieving Effective Inventory.

In the recent MDM Webcast, Inventory Management Best Practices for 2012, Schreibfeder presented an approach to separating inventory as a way of determining its profitability. In order to gain effective management over a company’s inventory, business leaders need …