Wholesalers can cut costs, stay competitive and increase customer satisfaction by following three easy steps, Logan Paquin writes. They include choosing the correct IT services, utilizing mobile logistical information, and employing online business software to enhance communications with customers and keep track of products in a more flexible manner.
Premier Farnell's board is prepared to accept Avnet's $911 million cash takeover offer, thus rejecting a bid from Daetwyler Holding. "The convergence of Premier Farnell's innovative online services with Avnet's world-class supply chain will create customer service unparalleled in the industry," interim Avnet CEO William Amelio said.
Supervalu CEO Mark Gross says he is optimistic about growth despite increased competition and falling prices of beef, eggs and milk. The company's Save-A-Lot stores increased sales by 1.7% in the first fiscal quarter, though same-store sales were down 1%.
Amazon increased spending on fulfillment by 35% in the most recent quarter, compared with a year earlier, after a 25% rise in such spending in full-year 2015, compared with 2014. Amazon has announced plans for 17 US distribution centers since March and continues to work on the use of drones in its operations.
Paint suppliers used by BMW, Vauxhall, Volkswagen and Audi have been linked to illegal mines in Indian known for debt bondage and child labor. The companies are now investigating their paint supply chains.
General Motors reported record profits of $2.9 billion -- a 157% year-over-year increase -- for the second quarter, even though 70% of its suppliers were affected by an earthquake in Japan. After learning lessons from a previous tsunami, the company was ready with "war rooms" to predict effects and come up with mitigation strategies.
Kmart has redirected merchandise deliveries from the storeroom to store shelves as part of an effort to allow employees to have more time with customers and cut down wait times. The move will also make stores appear fuller since the retailer began purchasing fewer products from vendors.
Avnet will expand its software-driven technology capabilities with six new global business units. The units will include 450 solutions specialists with expertise in the areas of security, enterprise networking, data center solutions, analytics, education, mobility, the internet of things and cognitive computing.
Commoditizing solutions is a common error that kills a distributor's competitive edge and leads to missed opportunities, Paul Reilly writes. "If you're just selling products, you open the door to too much competition," he writes.
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