Supply Chain
Top stories summarized by our editors
7/20/2018

Patterson Cos. is increasing its focus on private labels and investing in supply chain technology, among other moves, as it looks to reverse a slide in sales. CEO Mark Walchirk said the company is examining its existing stock keeping units and vendors.

Full Story:
Supply Chain Dive
More Summaries:
Patterson Cos.
7/20/2018

Genuine Parts reported second-quarter profit growth of 19.3%, with sales up 17.6% from a year ago. Subsidiary Motion Industries had sales growth of 8.7%.

More Summaries:
Motion Industries
7/20/2018

United Rentals posted second-quarter net income of $270 million on revenue of $1.89 billion. Separately, the company is selecting a lead creative agency.

More Summaries:
United Rentals
7/20/2018

Delivering a better customer experience is one of the most effective strategies for electrical distributors competing with Amazon Business, says e-commerce specialist Chris Apollo Lynn. Amazon's goal is to quickly enable purchases for people who know what they want, adds Charlie Lawhorn of Riversand.

Full Story:
TED Magazine
More Summaries:
Amazon Business, Amazon
7/20/2018

A lifetime buy of discontinued spare parts can often result in under- or over-stocked parts due to the difficulty of accurately predicting future needs and the costs associated with purchasing, storing and transporting parts, write Cokeva executives Ken Ueltzen and Mark Anderson. Original equipment managers can avoid these challenges with an effective repair strategy that offers support throughout the product's life cycle, even after manufacturing has ended.

More Summaries:
Mark Anderson
7/20/2018

A federal court has struck down the California Resale Royalties Act, which provided visual artists a 5% royalty on their work in the secondary market. The court found the law conflicted with federal copyright law.

7/20/2018

Many European automakers use software programs to price spare parts based on how much consumers are willing to pay for them, according to documents filed for a court case. The companies argue that the tactic is legal.

Full Story:
Fleet Europe
7/20/2018

Robotic process automation can take care of back-office duties and help companies reduce human error while cutting costs, Kristin Manganello writes. "Thanks to these unique benefits -- and the upward trajectory of industrial automation in general -- it's safe to assume that RPA will eventually become standard practice across all types of industries and applications," she writes.

Full Story:
ThomasNet News
7/20/2018

Companies looking to reap the rewards of mass customization should "[s]tart at the top, with a commitment from leadership to transform the manufacturing process," writes Vicki Holt, CEO and president of Protolabs. The biggest obstacle to change is often the company's mindset, she argues.

Full Story:
IndustryWeek
7/20/2018

Data is the future of maintenance, repair and operations but needs to be managed properly to deliver value, says Synovos executive Mike Weinberg. "If your MRO program is to be effective, think simple and elegant, not complicated," he advises.