| July 16, 2008 | News for the wholesale distribution industry |
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- Applied Industrial to pay $169M for Fluid Power Resource
Applied Industrial Technologies will buy Fluid Power Resource for $169 million in an all-cash deal. Fluid Power Resource buys and runs fluid power distributors, including Bay Advanced Technologies, Carolina Fluid Components and DTS Fluid Power. The businesses operating under the Fluid Power umbrella reported sales of $244 million last year. Modern Distribution Management
(7/14)
     
- Wolseley to announce additional job cuts, analysts anticipate
European analysts say Wolseley plc likely will announce hundreds of job cuts in Europe, on top of reductions it already has made including the closure of 75 of its Ferguson plumbing supplies distribution branches in the U.S. Further details were expected today, when the British distributor of building supplies releases its latest earnings figures. Industrial Distribution
(7/14)
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- Read the directions when writing proposals
A golden rule in writing contract proposals, says this business expert, is to "read the directions. And when you think you have them down, read them again." Another expert recommends the proposal writer go through the RFP word by word, paying close attention to the technical specifications. "It all has to be in their order, not yours," says Roger Cohen, a government contracts consultant. "Deviation is a sure path to failure." CNNMoney.com/Fortune Small Business/Ask & Answer blog
(7/11)
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- Getting the most out of employees
Bosses need to give their employees resources, support and decision-making authority if they expect them to accomplish company goals, this article says. Leaders can take a number of steps to get the most out of their employees, including eliminating unnecessary bureaucracy, creating a safe culture, supporting employees' decisions and keeping an eye on the big picture. SeattlePI.com
(7/13)
| Executive Life | | |
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- Save money, sanity with air travel survival guide
By taking steps to adapt to the new realities of flying, passengers can save money and their sanity, this survival guide suggests. Among the tips: book at least four months ahead to get the best deal; choose cheaper and less crowded Tuesday, Wednesday and Saturday flights; and stay abreast of changing fees to avoid spending too much at the gate. Hotel rewards programs and airline lounge memberships also offer good values for frequent fliers. Financial Post (Canada)/Forbes
(7/14)
- Open Air Cinema brings home entertainment to your backyard
Open Air Cinema has introduced its CineBox Home Outdoor Theater System, with which movie fans can watch their favorite flick from the comfort of their backyard. A 10-foot screen costs $399 and other components include a digital projector, DVD player, sound mixer and LED light. CEPro.com
(7/11)
| NAW Insider | | |
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Don't make wrong decisions about profitability
Al Bates, founder and president of Profit Planning Group, has spent 30 years analyzing distributor financial statements. His findings in Profit Myths in Wholesale Distribution boil down to this conclusion: Much, and possibly even most, of what managers in distribution companies know about improving profitability is wrong. Good economic times mask this fact, while challenging times make this fact absolutely dangerous!
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Payment paradigm has shifted
From NAW and Solveras Inc. comes the first all-in-one invoicing, check imaging, ACH and credit card processing solution with your business in mind. Web-based, bank neutral with faster funding -- ParadigmSM delivers major savings to your bottom line. Get more information.
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Critical tool for financial success in tough times
In today's tough economic climate, it's vital that your employees understand the realities of how the finances of your business work. That's where the Official Guide to Wholesaler-Distributor Financial Success comes in. It's your complete employee training tool. It shows you how to transition employees at every level to financial management thinking. Buy multiple copies for everyone on your staff.
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| | Recent NAW SmartBrief Issues:
- Monday, July 14, 2008
- Friday, July 11, 2008
- Thursday, July 10, 2008
- Wednesday, July 09, 2008
- Monday, July 07, 2008
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