Rhiag is a distributor of automotive spare parts to Italian and Eastern European aftermarkets.
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MAPI Composite Index jumped 8 Points in the third quarter.
Global investment firm KKR will pay about $1 billion.
But cutting tool consumption fell 13.2% from the prior-year period.
Oman Oil Company is a commercial company wholly owned by the Government of the Sultanate of Oman.
Top articles covered topics like vending, AmazonSupply and growth in jan-san.
Webcast: 80% of a distributor’s sales come from just 10%-13% of stock items.
Assistant Controller Robert Collins will succeed Bottger as vice president and controller.
Fastenal is largely credited with driving the latest boom in industrial vending services among distributors. Fastenal had nearly 30,000 vending machines installed as of the end of the second quarter 2013, and while it recently backed off on its goal of 30,000 new vending machines this year, it continues to expand its program, called FAST Solutions, at a quick clip. Fastenal’s vending program has grown much faster than the competition’s.
This article is part of MDM’s series on the industrial vending market.
Staff Writer Angela Poulson spoke with Fastenal CEO Will Oberton about:
- The impetus for Fastenal’s vending program
- Why Fastenal backed off its aggressive goal for 2013
- What's next for Fastenal's vending program
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Not a subscriber? Subscribe below or learn more. Subscribers also have access to the following related articles:
- Industrial Vending: A Runway for Growth
- Distributors Get Smarter About Vending
- The Counterfeit Challenge
Purchase the full MDM Special Report, The Industrial Vending Boom, in the MDM Store in PDF format.
The industry often talks about the importance of partnerships in the channel. But there's a lot of room for growth.
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- What Does Partnership Really Mean?
- The 'New' Distribution Company
- Bridging the Value Gap
Distributors are now driving record growth in industrial vending adoption among end-users. Even though vending has been around for a couple of decades in the industrial space, many say it still has a huge runway for growth. But as with any trend in its “infancy,” distributors looking to expand their vending services are faced with challenges, from initial investment to profitability to getting up-to-speed quickly on all available options to effectively respond to customer demands. This article examines key challenges identified by distributors and provides best practices for addressing them.
This article is part of MDM’s series on the industrial vending market.
This article includes:
- Why distributors should take an offensive stance with vending
- The challenge of profitability & product mix
- Vending's impact on relationships
- The importance of aligning expectations around vending
Subscribers should log-in below to read this article.
Not a subscriber? Subscribe below or learn more. Subscribers also have access to the following related articles:
- Industrial Vending: 'A Runway for Growth'
- Distributors Get Smarter About Vending
- Vending 'Explodes' as a Service
Purchase the full MDM Special Report, The Industrial Vending Boom, in the MDM Store in PDF format.
Manufacturing Revival Radio talks with BotsIQ of Southwestern Pennsylvania.
Finding the right candidates requires using the right tools to reach them.
Daily sales to manufacturing customers grew 4.7 percent.
Walter Meier Tools is based in Nashville, TN, with operations in seven countries.
It is the companys first branch in the State College, PA, area.
The transaction is expected to close by mid-November.
Employees who have a sense of ownership in the companies they work for adapt to changes more quickly and effectively.
The London Metal Exchange cash price of aluminum declined 7 percent year-over-year.
