Who would have thought??  All kidding aside, this example of tight cost controls for supply retailers, such as Office Depot Inc. and OfficeMax Inc., teaches us the exact correlation between lower costs and higher profitability.

Both office-supply retailers reported earnings … Read more

 

Defining ‘BYOD’ for the Mobile World We Live In

In the digital era we live in, acronyms are everywhere.  To some, it’s almost like a brand new language. We have to’re-learn’ how to effectively communicate.  This especially applies to the business world where more and more employees are relying … Read more

 

Every year at Thanksgiving, we have a huge family celebration that involves a lot of cooking and a lot of eating.  To keep the kids busy and out of the kitchen, we set up a table with a big puzzle.  … Read more

 

In most cases, transactions are very important to your business.  Transactions pertain to all of the data that is created and shared within your enterprise resource planning (ERP) software solution, including monetary- and order-related transactions.  If you’re a distributor, transactions … Read more

 

There are many things to consider when growing and expanding distribution operations.  For the electronics distributors, the last twenty-plus years were focused around mergers and acquisition.  Why reinvent the wheel when there are complimentary companies that can fill the need … Read more

 

Discussions about Cloud computing have become very mainstream amongst businesses today.  Most companies, from small startups to large enterprise corporations, are investigating what benefits that the Cloud could bring to their operations.  One of the most often talked about benefits … Read more

 

Businesses choose to use third-party logistics providers (3PL) because it makes sense for the bottom line.  Contracting with a 3PL to manage warehousing, transportation, and other supply chain activities can be more efficient than doing it yourself.  However, how do … Read more

 

Growth for the sake of growth isn’t the recipe for success.  Opening doors in other regions or expanding offerings without doing your homework could actually set you up for failure instead of success.

Making a successful plan for growth begins … Read more

 

According to a survey by Ernst & Young and posted in CGMA Magazine online, corporate treasurers are taking on new roles as a result of the economic crisis.  Instead of just handling basic finances, treasurers are being pressured to monitor … Read more

 

The 1, 2, 3’s of Distribution: Cut costs, Streamline Delivery Processes and Beef Up Departments

I’m not going to go as far as to say that Distribution is as easy as 1, 2, 3.  But I will say most distributors have three similar goals: 1. Cut costs, 2. Streamline delivery processes, and 3. Beef-up departments.  … Read more

 

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