3 Trends Driving Growth in the Wholesale Distribution Industry: ✔️
1. Investment in technology
2. Renewed focus on basics (blocking and tackling)
3. E-commerce
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What to Do Before Implementing New Tech: ✔️
1. Conduct a SWOT analysis (Strengths, Weaknesses, Opportunities, Threats)
2. Develop an implementation plan
3. Determine ROI
4. Get buy-in from employees
5. Budget completely
6. Stay committed
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Goldilocks Theory of Inventory Management: ✔️
Don't stock too little or too much; stock just the right amount.
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Inventory Management is a Combination of: ✔️
- Science (technology)
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