E-Mail news for the wholesale distribution industry | December 28, 2006

Best Practices 
Use all-in-one offers to attract buyers
Pitching your products or services in "kits," or groupings, at a lower cost, is a way to increase buyers' knowledge of your offerings and catch their attention with a good deal.   Supply House Times magazine (12/2006)
Not too much or too little: Getting inventory just right
Excessive inventory costs companies money, time and labor. Reasons for having extra include write-offs, fear of out-of-stock requests or poor planning. Maximize inventory profit by developing a distribution and sourcing strategy and sticking to it.   Supply Chain Management News (12/20)
Management 
Know-it-alls often wind up eating humble pie
New managers often are forced to walk a fine line between displaying confidence and admitting they don't have all the answers. "To me, the best thing to do as a new boss is to listen and to bring a real sense of optimism to the job. The worst thing to do is to come in with the 'right' answers to everything and expect people to fit the model you want them to, instead of finding ways to value their diversity," one expert says.   American City Business Journals (12/18)
Customer Relations 
Get the CRM that fits your business
Start-up companies and emerging businesses have a wide array of CRM systems from which to choose. They are available in many price ranges with simple to multi-use capabilities.   SmartBIZ (12/26)
Training and Presentation 
Map out complexities, encourage practice to properly train
Training your team is a matter of clearly laying out the plans or objectives to employees, providing expertise and knowledge about the agenda and encouraging them to practice the new changes or adjustments until it becomes routine.   Manage Smarter/Training (12/4)
Closing the Deal 
Improve your "luck" by following up
The time to follow up with clients and prospects is "now -- and every day that follows," sales guru Barry Farber writes in Entrepreneur. "Keeping in constant touch will increase your ability to be in the right place at the right time."
NAW Insider 
Get paid in two days instead of 30+
Accepting credit card payments dramatically improves cash flow -- funds are deposited in just two business days. Sign up for the NAW-negotiated MasterCard/Visa group processing rates through Solveras before Dec. 31, 2006, and you'll earn an upfront cash bonus of 1% of your monthly volume. Visit the NAW/Solveras Web site for details, and take advantage of the customized free savings analysis.
Practice lean warehousing and eliminate wasted space and time
This is the first book to apply the "lean manufacturing theory" specifically to the world of warehousing. Lean Warehousing discusses the "why of getting lean" and shows you how to eliminate wasted space and time in a systematic approach, so you have a leaner warehouse operation tomorrow than you do today.
Weekly Poll 
Would you consider donating to a microcredit organization?
After voting once, check out the real-time poll results on NAW's All Access page as often as you would like.
 
 I have done it before and will continue.         
 Yes, I would.         
 I have done it before but will not do it again.         
 No, I'm not interested.         


Product announcements appearing in SmartBrief are paid advertisements and do not reflect actual NAW endorsements. The news reported in SmartBrief does not necessarily reflect the official position of NAW.
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