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Stratify Your Inventory for Better Profitability

Stratify Your Inventory for Better Profitability By Paul Byrnes  One of our goals as a buying group is to help our distributor members drive profitability; a distributor’s inventory strategy can have a big impact on their bottom line if managed proactively. Distribution is often looked at in seven segments referred to as 7S – source,…

Driving Productivity with Artificial Intelligence

Driving Productivity with Artificial Intelligence By Epicor Software Artificial intelligence (AI) used to be considered a futuristic wonder. Today, it’s being employed in one form or another throughout every industry. In fact, the technology is advancing so rapidly that 40% of top-performing companies ranked AI as “game-changing technology” in 2018—a huge jump from just 7%…

What’s on the Minds of Distributors this Summer?

What’s on the Minds of Distributors this Summer? By Dan Judge NetPlus members have been enjoying a robust year in sales growth, based on the first quarter’s Industry Outlook for 2019. We’ll be sending out the second quarter’s survey soon. Compared with the same time last year, growth appeared to be due to an influx…

Modern Day Industrial Vending: Big Risk or Big Reward?

Modern Day Industrial Vending: Big Risk or Big Reward? By Mark Hill When talking with independent distributors about offering industrial vending to their customers, many are fearful that the risk outweighs the rewards. Many distributors have had less than ideal experiences with larger vending sources that came with higher price tags and still couldn’t successfully…

NetPlus Member Ohio Power Tools Receives 2019 MDM Digital Innovator Award

NetPlus Member Ohio Power Tool Receives 2019 MDM Digital Innovator Award Modern Distribution Management (MDM) recently selected NetPlus Alliance member Ohio Power Tool as one of 10 recipients for its 2019 Digital Innovator Award. The award recognized distributors that demonstrate a commitment to digital and technological advancement. Since 2000, Ohio Power Tool has invested in…