Managing Change Is a New Core Competency - Modern Distribution Management

Managing Change Is a New Core Competency

At Activant forum, discussion focused on the importance of adaptation to new conditions.
tom-white

It was fitting that the topic of change acceleration was on the agenda at Activant’s recent 2010 Executive Forum. As one attendee summed it up: “It seems the world is changing, markets are changing, how we deal with our sales folks is changing, the finance industry that supports us is changing, how we look at our customers is changing …”

We Deliver Distribution News to Your Inbox
Sign up below to receive MDM Update, your free weekly distribution news update by email.

\"\"

Sessions by guest speakers and Activant EVP Kevin Roach addressed customer segmentation and profitability, globalization, coaching top sales performers, and the M&A climate in North American distribution. More than 60 top-level executives across a wide range of product sectors extracted value from the sessions as well as the networking opportunities and fresh perspectives from other industries.

A few key takeaways for me: First, there was an optimism at this event that has been absent for the better part of two years. Some sectors and markets are experiencing very strong sales numbers after holding up throughout the summer. Every company has adjusted to much leaner operations, as a result enjoying a return to profitability.

Second, everyone is paying much closer attention to cost-saving and efficiency tips. I heard a lot of high-level strategic discussion of trends and best practices, but there was just as much conversation about nuts-and-bolt ways to increase profits and productivity.

Third, we are in a volatile transition period for wholesale distribution, where we’ll see more consolidation and shifts in how distributors have to define their value to suppliers, as well as to customers. Distributors of every size have to become more strategic in their thinking and nimble in how quickly they adapt to changing conditions. Sessions such as this provide a high-return event, where there is a real exchange of ideas. These events challenge long-held assumptions about how successful distributors can create competitive advantage moving forward.

A highlight for me was the final night, when 10 of us at a table after dinner spent more than an hour sharing highlights and takeaways from the previous two days. There was some furious note-taking! More importantly, there was a ton of experience shared at the table, a lively discussion about management issues, and a focus on future opportunities that are growing clearer as the business cycle has started to improve.

Share this article

About the Author
Recommended Reading
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.