Fastenal focuses on building its vending program

01/29/2013 | Modern Distribution Management

Fastenal plans to add 30,000 vending machines by year's end, which would be a nearly 50% increase on year-end 2012 numbers. A new warehouse will complement this effort. "One is we'll reduce our labor. It's a far more efficient process," CEO Willard Oberton said. "Two is we believe if we do this for the store, they will not need to stock the inventories to improve our inventory turns. And the third is that we believe we'll be able to improve our margins because we'll buy such tremendous volume into one location."

View Full Article in:

Modern Distribution Management

Published in Brief:

SmartBrief Job Listings for Retail

Job Title Company Location
Sr. Manager- Partnership Marketing
Golfsmith International
Austin, Texas
Art Director - Concept
Victoria's Secret Direct
New York, New York
Distribution Center Operations Manager
Tractor Supply Company
Hagerstown, Maryland
Assistant Retail Store Manager
James Avery Jewelry
Tulsa, Oklahoma
Merchandise Planner
Warrendale, Pennsylvania