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November 5, 2007News for the wholesale distribution industry
 
  News and Trends 
 
  • Paulson never advocated specific measure to reform business taxes
    Eric Solomon, the Treasury Department's assistant secretary for tax policy, said Treasury Secretary Henry Paulson never advocated any one approach for reforming business taxes. "The message here is that we need to compete in a world marketplace, and we have to take steps to consider how our tax system is part of that competition and how our tax system can be improved to help American companies compete," Solomon said in an interview with The Hill. The Hill (11/2) LinkedInFacebookTwitterEmail this Story
 Leverage Your Inventory for Maximum Profit.
As a distributor, inventory is one of your key assets. How do you make sure you have the right products at the right place and the right time? For innovative ideas and insight, download IBM's ALL-NEW Executive Forecast and Demand Planning eKit. It features Adam Fein's article on Demand-Driven Customer Relationships, whitepapers, case studies, and more.
 
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  Best Practices 
 
  • Instead of seeking new clients, cultivate existing ones
    Instead of jumping from one event to another trying to build new relationships, business owners should spend more time developing and improving those that exist, an expert says. One idea he suggests is to simply stop networking and instead evaluate and prioritize existing relationships. Entrepreneur.com (10/29) LinkedInFacebookTwitterEmail this Story
 Reduce Invoicing Costs
Outbound A/R and inbound A/P invoices are a paper pain. Existing solutions (EDI, billing mail houses, etc.) provide limited functionality and are an IT hassle. There is a better option. Over 19,000 firms have joined the Transcepta Electronic Invoicing community. Request a web DEMO to learn more.
 
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  Sales 
  • Get creative with sales incentives
    Some of the best ideas for boosting sales often come from salespeople themselves. Ideas for tapping into sales creativity include involving employees in the decision-making process; offering commission-based plans in sales; and using innovative bonuses. American City Business Journals (10/15) LinkedInFacebookTwitterEmail this Story
  Hot Topics 

Top five news stories selected by NAW SmartBrief readers in the past week.

  • Results based on number of times each story was clicked by readers.
  Small Business Manager 
  Executive Life 
  • Report: 40% of cancers linked to body fat, red meat
    Excess body fat, lack of physical activity and red meat are linked strongly to an increased risk of common cancers, two cancer research groups found after evaluating more than 7,000 studies over five years. The new findings are meant to serve as a guide for future scientific research, cancer prevention programs and health policies worldwide, the researchers said. The Boston Globe/Bloomberg (11/1) LinkedInFacebookTwitterEmail this Story
  NAW Insider 
  • Order best-selling Facing the Forces of Change report
     
    Facing the Forces of Change®: Lead the Way in the Supply Chain by the NAW Institute for Distribution Excellence is a best seller! This all-new study provides practical insights into key trends impacting the wholesale distribution supply chain and is packed with specific action ideas and planning tools that executives can use today to lead the way in their supply chains. LinkedInFacebookTwitterEmail this Story
  • The Hertz green collection: Reserve and conserve
     
    Now you can reserve fuel-efficient, environmentally friendly cars that are both easy on the wallet and suitable for families and small groups traveling together. Reservable by specific make and model with an EPA highway fuel-efficiency rating of 28 miles or more per gallon. To enroll in the NAW/Hertz Business Account Program, visit NAW's Web site. LinkedInFacebookTwitterEmail this Story
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  Weekly Poll 
  • Does your firm plan to get involved in private-label manufacturing in 2008?
    The NAW Year-End Report, to be published Dec. 11 and 13, will include an industry roundup, the most important stories of the year and your favorite SmartQuotes. Make sure to look for the results of this poll in Part 2 on Dec. 13.
Yes, we are already involved in private-labeling.
No, we don't have any interest in private-labeling.
We are considering it.

Front-Line Distribution Manager (Outbound)GRAINGERLos Angeles, CA (Mira Loma)

  SmartQuote 
Sympathy is the charm of human life."
--Grace Aguilar,
English poet, novelist and theologian


 
 
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