Best Practices for Getting an Accurate Demand Forecast Post-Pandemic

Best Practices for Getting an Accurate Demand Forecast Post-Pandemic

This year has certainly been unpredictable, and as such industrial distributors have probably seen a dip in demand this year, particularly during the quarantine months. You may also now be experiencing a spike as things begin to normalize in areas of the country. The problem is that your inventory settings for demand forecast were set during a more normalized demand period, and now may not be allowing your forecast to respond quickly enough to the rapid changes. This could result in over or underbuying inventory.…

Best Practices for Inventory Control and Productivity in the Hose Assembly Industry

Best Practices for Inventory Control and Productivity in the Hose Assembly Industry

Today’s hose distributors are looking for ways to tighten and gain more accurate control over their inventory while increasing productivity. That is not such an easy endeavor for some distributors, particularly if they are running on an outdated ERP solution or performing the process manually. However, the path to inventory control and efficiency for hose distributors can be accomplished with the right tools or practices in place. We’ve compiled our best practices and considerations for hose distributors – paired with insights from longtime customer, Colliflower, Inc., and Tribute’s Vice President of Sales and Marketing, Bill Horrigan.…