Can Distributors Get Out of the Profit Rut?
Listen now
Description
Profitability expert Dr. Al Bates joined us on the Wholesale Change show to talk about why distributors are stuck in a profitability “rut” and how they can escape. Al identified the three action steps distributors can take to improve profitability and explained why sales compensation practices, supplier “special deals” and ongoing price increases are contributing to the problem. Unlike some consultants who specialize in profitability, Al believes distributors should fire customers only in very rare cases. “I’m not anti-sales,” Bates likes to say, “I just want profitable sales.” Al also explained why distributor CFOs are often a key part of the problem and how they can instead contribute to the solution. Al is one of the most popular speakers in the industry and when you tune into this episode of the Wholesale Change show, you’ll see why. He combines extensive experience, straight talk, an entertaining style and compelling arguments to provide insights and takeaways you can use to improve your company’s profitability immediately and on an ongoing basis.
More Episodes
Over the past four years, The Wholesale Change Show has featured CEOs from MSC Industrial, Global Industrial, Zoro, Lawson Products, Johnstone Supply and dozens of other leading distributors. It’s the most informative and entertaining webcast and podcast in distribution! Watch on-demand for a...
Published 11/04/24
The second half of 2024 has been defined by uncertainty, with the election looming and economic indicators wavering. Alex Chausovsky, a highly experienced market researcher and analyst, clarified the murky forecast when he joined Wholesale Change hosts Ian Heller and Jonathan Bein to talk about...
Published 10/08/24
Published 10/08/24