Many distributors struggled in the COVID-19 pandemic. But that is old news. What’s interesting – and important – now is to look at how distributors reacted and adapted to a suddenly (and fundamentally) changed business environment, determine the lessons learned from the unprecedented disruption, and identify the changes required to be ready for the (inevitable) disruptions to come.
The ERP software you choose will affect the way you conduct business for years to come, and it will impact virtually every business function. It’s a significant investment, too. So it’s critical to find a solution suited to your industry and your company’s unique needs. Whether or not you manufacture industrial equipment, you’ll learn how to choose the right ERP solution for your organization in this excerpt from a recent webinar.
In today’s new now, it’s important for distributors to do everything they can to shave costs, increase revenue and boost profitability. The question – and challenge – is identifying the processes and functions where efficiencies, pennies and a tenth of a percentage point in margin improvement can be found. The right metrics will make the answer clear.
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