Being a middleman is a tough place to be. Distributors often find themselves “caught” between suppliers that want the shortest payment terms possible, and customers who want to take their time paying their bills.
This and other factors can create significant cash crunches for distributorships that don’t pay close attention to margin, inventory levels, sales, and expenses.
Tribute's Data Analytics vendor partner, MITS, has a great article on the four key areas where distributors can leverage analytics to help solve the cash crunch.
Click here to access their post, 4 ways analytics can boost a distributor’s cash flow.
MITS has partnered with Tribute, Inc. to provide TrulinX software users a more comprehensive insight into their TrulinX data through integration with their MITS for TrulinX Distributor Analytics package.
This post is part of MITS' ongoing Distributor Analytics Essentials Series. Continue your education by bookmarking the series page on their blog here. You can also find the first webinar in the series online to watch at your convenience: The What, Why, and How of Distributor Analytics.
Tribute, Inc. is a provider of ERP business management software specifically targeted at industrial distributors, fabricators, and system integrators. To learn more, visit www.tribute.com.