Being "lean and mean" with inventory can lead to profitability.
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This month we feature an exclusive excerpt from The Distributor's Guide to Analytics, a new book that will be available for purchase from mdm.com in December 2014.
In this article by Jon Schreibfeder, see how to apply inventory management analytics throughout a distribution business, from customer service to stockouts.
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A few basic concepts can keep order pickers from becoming lost nomads.
This article is a part of MDM's 2014 Distribution Trends Report. The article analyzes the key trends in inventory management in the wholesale distribution industry, including better collaboration between manufacturers and distributors and better use of data in regards to inventory.
The annual report was researched and written by MDM editors based on interviews with dozens of wholesaler-distributors, as well as industry experts and manufacturers. MDM also conducted a survey of its readers to uncover the trends outlined in this report.
The full report is available to download in PDF format to MDM Premium subscribers. Subscribe below for full access. Or log-in if you are already a subscriber.
Trends outlined in the 2014 report include:
- Leaving Economic Uncertainty Behind
- Connecting the Dots Online and Offline
- Need for Access Whenever, Wherever, However Drives Mobile Adoption
- Avoiding Information Overload Essential with Analytics
- Making the Case for Millennials in Distribution
- Training, Technology Take Front Seat in Employee Retention Strategies
- Better Inventory Management Through Data, Collaboration
- Distributors Seek More Complete Strategy for Vending
- Private Equity Consolidating Markets
- A More Practical Approach to Product Expansion
- Trend Snapshots for 13 Sectors
The report also includes the following case studies and interviews:
- 2014 MDM Market Movers
- Engman-Taylors Cost-Saving Teams
- Capitol Coffees Proactive Problem-Solving
- Redwood Plastics Online Success Story
- MDM Market Leader Profiles
- DGI Supply: Building on the Core
- F.W. Webb Takes Diverse View of Market
