MSC Industrial app improves e-commerce options | Amazon will spend $15B serving 3rd-party sellers | Amazon's secret is free cash flow, not profit
Created for [email protected] |  Web Version
August 23, 2019
Connect with NAW LinkedInFacebookTwitter
NAW SmartBrief
News for the wholesale distribution industry
SIGN UP ⋅   FORWARD
ADVERTISEMENT
Top Story
MSC Industrial app improves e-commerce options
MSC Industrial Supply has complemented the launch of its MSC Direct e-commerce site with the MSC ControlPoint app, which allows customers to scan MSC labels or barcodes and add products to shopping carts. Customers can also place drop-shipment orders through the app.
B2B E-Commerce World (free registration) (8/22) 
LinkedIn Twitter Facebook Email
Amazon will spend $15B serving 3rd-party sellers
Amazon will spend $15B serving 3rd-party sellers
(Gerard Julien/AFP/Getty Images)
Amazon will invest $15 billion this year on initiatives and tools to serve the third-party sellers that generated 58% of merchandise sales last year. The company said it has already introduced a slew of new tools, features and improvements this year to programs such as Fulfillment by Amazon.
The Seattle Times (tiered subscription model) (8/22) 
LinkedIn Twitter Facebook Email
 
Amazon's secret is free cash flow, not profit
Amazon's quarterly free cash flow is a more important metric than net profit because the latter reflects how Amazon is reinvesting profit, keeping its taxes low and has favorable payment terms with suppliers, Rani Molla writes. "Amazon's sales are also growing, meaning it's not in danger of reversing the free cash flow trend, which has been growing thanks to margins that have risen faster than capital expenditures," Molla writes.
Vox (8/21) 
LinkedIn Twitter Facebook Email
 
Offering the best possible customer service using ERP
It is more important than ever for today's manufacturers and distributors to be able to deliver the seamless experience customers want — and ERP can get you there. Read this report to learn why ERP is key to customer experience, how other companies use ERP to drive success and why the time is now to adopt cloud ERP.
ADVERTISEMENT
Operations and Technology
Look for profit in unclaimed territory
Distributors should focus on untapped opportunities instead of constantly seeking to outperform competitors in well-worn markets, writes Bridget McCrea. It's also important to seek out process changes that can quickly lead to improvements, she writes.
TED Magazine (8/21) 
LinkedIn Twitter Facebook Email
Supply chain tech can't replace the human touch
Supply chain technology is valuable but cannot be considered separate from human involvement, according to this McKinsey analysis. Focusing on automation, visibility and collaboration can go a long way toward leveraging technology while maximizing what humans do, the authors write.
McKinsey (8/2019) 
LinkedIn Twitter Facebook Email
 
Sales and Marketing
85% of B2B buyers reject vendors for non-personalization
Some 85% of business-to-business enterprise buyers are more likely to reject a vendor if their first interaction isn't personalized, and just one in five companies are currently successful at creating personalized content at scale, per Seismic and Forrester Consulting. B2B marketers say the top three challenges to delivering personalization are, respectively: non-integrated sales assets; marketing and sales working in silos; and sales teams creating customized content that doesn't comply with brand messaging.
ClickZ (8/21) 
LinkedIn Twitter Facebook Email
The Business Leader
Develop empathy to be a leader for tomorrow
Empathy is the future, as leaders will have to focus on people even as technology continues to gain prominence, writes LaRae Quy. "When you perceive what the other person wants and needs, it gives you a step up on how to reach a win-win solution," Quy writes.
SmartBrief/Leadership (8/21) 
LinkedIn Twitter Facebook Email
NAW Insider
6 interactive compensation tools to budget pay and benefits with confidence
6 interactive compensation tools to budget pay and benefits with confidence
(NAW)
Watch this short video about the NAW 2018 Cross-Industry Compensation & Benefits Study with Online Reporting Tools, which includes three NAW-exclusive tools. You'll gain an unprecedented level of reliable information about your company's compensation and benefits, matched with more than 1,000 distributors across the industry. You'll have executive pay statistics for the C-suite level and compensation levels of the 35 most common distributor staff positions. Assess and project employee pay and benefits with confidence! Learn more.
LinkedIn Twitter Facebook Email
 
NAW 2020 Executive Summit: Mark your calendar now for Jan. 28-30
NAW 2020 Executive Summit: Mark your calendar now for Jan. 28-30
Reserve these dates now so you don't miss the next NAW Executive Summit, Jan. 28-30, in Washington, D.C. You'll join with other best-in-class distributors who aren't your competitors from across the industry and find out what the future holds for wholesale distribution. Add the NAW 2020 Executive Summit to your calendar!
LinkedIn Twitter Facebook Email
 
New lower pricing: Post your jobs on the NAW Career Center
New lower pricing: Post your jobs on the NAW Career Center
(NAW)
Are you hiring? If so, reach the best distribution talent through the enhanced NAW Career Center. Post your jobs online quickly and easily, search the resume database or set up alerts to be emailed to you, manage your applications and receive valuable reporting information. Plus, your jobs get added exposure by being featured daily in NAW SmartBrief. Check out the new lower pricing options.
LinkedIn Twitter Facebook Email
 
Learn more about NAW:
Join NAW | Publications | Events | Legislative Issue Briefs
Business Services | NAW Career Center | Blog
NAW Twitter
NAW CAREER CENTER
Vice President of Purchasing
ULINE - Pleasant Prairie, WI, US
Outside Sales Representative
IPS PACKAGING - Charlotte, NC, US
Vice President of Research
ULINE - Pleasant Prairie, WI, US
Executive Management
COBURN CHEMICALS, INC. - Cockeysville, MD, US
Learn more about the NAW Career Center with this quick overview.
  
  
All knowledge is sacred, but it should not be secret.
Susan Cooper,
writer
LinkedIn Twitter Facebook Email
  
  
Sign Up
SmartBrief offers 200+ newsletters
Advertise
Learn more about the SmartBrief audience
Subscriber Tools:
Unsubscribe
Contact Us:
Advertising  -  Dena Malouf
Editor  -  James daSilva
Mailing Address:
SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004
© 1999-2019 SmartBrief, Inc.®
Privacy Policy (updated May 25, 2018) |  Legal Information