The last couple of years have been eventful, to put it mildly. Even now, things are getting back to normal while still not really being back to normal, if that makes any sense. In my store visits to my retail partners, I’ve noticed that it’s about 50/50 between places that have taken their plexiglass sneeze […]
Back in the 1990s, when the comic strip “Dilbert” was still funny, there was one where the manager said, “I’ve been saying for years that ’employees are our most valuable asset.’ It turns out I was wrong. Money is our most valuable asset. Employees are ninth.” (Eighth was “carbon paper,” which gives you a clue […]
When discussing business matters with my dealer clients, most of the conversations center around finding ways to grow their revenue and increase profit margins. Ideally, we cover both. They’re both worthy objectives, and it’s something clients look to me to help them achieve. But they’re also only part of the puzzle. As important as growing […]
I know that I’ve said more than once that companies in the same channel are typically more similar than different. Sports select for specific attributes in athletes, which is why you don’t see 145lb NFL linemen or 280lb gymnasts. By that same token, the demands of a given channel lead to business (the ones that […]
First let me say thank you, with a title like this one, I am surprised anyone is reading this blog. Let’s face it, asset and inventory management is not exactly a topic that sparks interest and debate. Part of the reason for that is that no one really enjoys doing this tedious, boring work. Yet, […]
Owners, general managers and inventory managers of AV companies routinely need to consider the pros and cons of buying products either from the manufacturer or a distributor. In addition to those options, there are also buying groups: an organizing of dealers who negotiate terms with their suppliers collectively. The primary rationale for buying groups is […]
This can be a sensitive subject to both suppliers and resellers, so I will endeavor to tread lightly. In CE retail, co-op promotional costs are largely the norm. That’s where the supplier supports their dealers’ sales efforts with measures that can range from subsidizing advertising costs, to sell-through credits, to paying for product placement in-store. […]
Stock balancing, simply, is the dealer returning unsold inventory to their supplier. The underlying motivation in stock balancing is to free up dollars that are tied up in slow moving inventory in order to purchase new stock that the dealer plans to turn over quicker than the slow moving stock. It’s typical for dealers to arrange a […]
