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Surveys Show Clear Signs of Recovery

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There’s a growing optimism about the economy. In fact, the results of Logistics Management’s 5th Annual Warehouse & Distribution Center (DC) Operations Survey show clear signs of recovery.

Inventory turns have increased after three years of continued decline; companies report that more expansions are being planned to distribution operations; and more managers are telling us that they’re re-installing incentive plans as company coffers are starting to slowly, but surely show signs of new life.

Most companies are sticking with conventional, low-cost, tried-and-true solutions for their distribution problems. Many are adding satellite Distribution Centers and renegotiating freight rates and to keep a lid on operational costs, a majority of respondents are improving warehouse processes, tightening inventory controls by utilizing their ERP systems more efficiently, and adopting “lean and green” strategies.

Modern_materials_handling Backing up this feeling of confidence is the recent article on the growing optimism in the manufacturing sector featured in Modern Materials Handling, which cites that 49% of senior management at U.S. manufacturing companies believe the U.S. economy will improve in the next six months, and the same amount (49%) say they plan to increase staff during the same period., according to a Grant Thornton November survey.

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Tribute, Inc. is a provider of ERP business management software for distributors and system integrators in the fluid power, hose, motion control, automation, fluid handling & pump industry who provide value-added services.