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Avoid Being the Dumbest Competitor
Pricing is the tip of the profit spear. It is often said that profit is made on the buy side of the equation in wholesale distribution. That is a true statement. However, it only holds true if you are disciplined enough not to give that profit advantage away during the quoting and pricing process. The Quotation - Pricing Process "Your customer has no need for you to make a ‘fair' profit unless there is no other distributor willing to take your place." This is quite a sobering thought, but one that we should keep fresh in our minds. Pricing strategy starts by providing guidelines for your quotation process. If we do not have a vehicle, a scorecard or some methodology to determine how we are doing then we are driving through a tunnel with our lights off. Not having a formal quotation process increases our chances of becoming the

Can Your Son or Daughter Really Run the Business
How can you turn the business over to your children without creating chaos--- This is probably the toughest question any business owner that has family working in the business will ever face. However, the answer is simple. The answer is..... It depends. It depends on how well you (the owner) have prepared yourself and your child for this transition. Have you planned this out? Has your successor been trained, developed and prepared for the transition? This is pretty easy if you only have one child in the business and he/she just happens to be the next Jack Welch of wholesale distribution. This child has worked outside the business for someone else for a minimum of five years. They have completed their MBA and they worked their way up in your organization starting in operations or customer service.

Other wholesale distribution Related Articles

The Art of Distribution
One of the important insights that the Startups 2006 panel hammered home was the importance of distribution for consumer-facing startups. (By the way, an astounding 13,000 people watched this video during the first week.) Many people use the word “distribution” as if it were a tactic when in fact it is a goal. Any bozo can say the word as if it’s a magic bullet; the test is the ability to achieve distribution. Here are my thoughts.
5 Tips For Finding Good Wholesalers
Finding half decent wholesalers can take months and months! In this article I provide 5 tips that could be invaluable to know when looking for your wholesale supplier.
III.b. E-Commerce and Primary Commodity Markets: E-COMMERCE AND SMALL ENTREPRENEURS
Most low-income developing countries continue to be primary commodity exporters (including oil, gas and other minerals, and agricultural products). Thus, short of wholesale diversification into manufactures and services, their immediate interest is in how e-commerce may affect competitiveness in their traditional export markets.
Tracking Your Media Coverage
Your press release is ready to go. You have decided which audience you want to target and determined that your release is going to newspapers, magazines, internet wire services, and television and radio stations. You decided to pay the Acme Marketing firm to professionally write your press release. As a part of their writing the press release, they will also do the distribution for you. This saves you time and money. But how will you know if the release was picked up by any of the media outlets on your distribution?
Why Salespeople Fail and How You Could Have Predicted It
The companies at which this salesperson had prior success were with brands you know well, that everyone in the world already carried, with established distribution. All he had to do was grow what had already been established by others before him. After all, how much new distribution had to be created for Oscar-Mayer Wieners?
Palms Shopping Mall, Changing Retail Distribution in Nigeria
South Africa owned, Nigerian managed 'The Palms Shopping Mall' launched in 2005 is a major contributor to changing retail distribution and ultimately the retail experience for Nigerians, particularly the growing middle class to affluent. The Mall's opening provided significant channels of distribution to allow manufacturers reach buyers who are ready and able to spend.

Can Your Son or Daughter Really Run the Business
How can you turn the business over to your children without creating chaos--- This is probably the toughest question any business owner that has family working in the business will ever face. However, the answer is simple. The answer is..... It depends. It depends on how well you (the owner) have prepared yourself and your child for this transition. Have you planned this out? Has your successor been trained, developed and prepared for the transition? This is pretty easy if you only have one child in the business and he/she just happens to be the next Jack Welch of wholesale distribution. This child has worked outside the business for someone else for a minimum of five years. They have completed their MBA and they worked their way up in your organization starting in operations or customer service.

How Do I Fire My Son Toby? My Wife Won’t Allow It
"I love Toby. He's my oldest son, he's Vice President of Sales but he just doesn't get it. My daughter should be running this business, she's brilliant but she's married to a surgeon and doesn't want anything to do with wholesale distribution. She's quite happy with all the charity work she is involved in. My youngest son has potential but he's only twenty two and just isn't ready to take over a 0 million dollar distribution business. Two events have occurred recently that are wearing on me a little. First, I transferred 75% of my stock equally to my three kids, 25% each. All three receive a salary although my daughter rarely appears at the office due to her charity work. The second event occurred after I hired a succession consultant to help me transition into retirement. He told me that Toby was incompetetent.
Avoid Being the Dumbest Competitor
Pricing is the tip of the profit spear. It is often said that profit is made on the buy side of the equation in wholesale distribution. That is a true statement. However, it only holds true if you are disciplined enough not to give that profit advantage away during the quoting and pricing process. The Quotation - Pricing Process "Your customer has no need for you to make a ‘fair' profit unless there is no other distributor willing to take your place." This is quite a sobering thought, but one that we should keep fresh in our minds. Pricing strategy starts by providing guidelines for your quotation process. If we do not have a vehicle, a scorecard or some methodology to determine how we are doing then we are driving through a tunnel with our lights off. Not having a formal quotation process increases our chances of becoming the

Reinventing the Partnership with the Manufacturer
Distribution will always play a role in the supply channel. Manufacturers just can't do what distribution does effectively. But, distributors must recognize that change is upon them. They too must adjust to the evolution taking place in the supply chain. Today's distributors have the opportunity to reinvent the relationship and create a model that is mutually beneficial to both parties.

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