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Rebalancing Your Inventory Like Your Retirement Accounts

September 21, 2018

Start the process by analyzing your inventory and identifying underperforming items. There are several metrics you can use for this purpose, including: turns, turn and earn, or gross margin return on investment (GMROI)-just to name a few. The differences between the metrics are illustrated as follows using the generic Item-X, with an annual sales of $100,000, cost of goods sold (COGS) of $80,000, gross margin percentage of 20 percent, and average inventory of $20,000.

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Brake & Equipment Warehouse Upgrading to Epicor Vision

September 20, 2018

Epicor customer Brake & Equipment Warehouse, a leading automotive parts distributor based in Minneapolis, Minn., is accelerating its business processes with plans to upgrade from Epicor Ultimate business management software to the next-generation Epicor Vision distribution management system.

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They Call Themselves Jergens Industrial Supply We Call it Break Through Innovation

September 19, 2018

Like many distributors, Jergens Industrial Supply found itself needing to think outside-of-the-box to reinvent its value proposition in the midst of disruptive forces. These included increased competition from industrial supply behemoths with vast order volume and buying power, as well as the need to cater to an uber empowered customer base that recognizes it has many buying options.

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Whats new in the Epicor Learning Center

September 14, 2018

September is a time to come back to reality and leave the humidity-fog behind.  It’s time for a fresh start, a time to set new goals. Maybe it is all that rest that makes me able to think clearly?  If you are like me, it is the perfect time to start that new project that you’ve been putting off.  Get excited by the change and take advantage of the opportunities in the Epicor Learning Center.

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Epicor is a Software Advice FrontRunner for ERP Software

September 14, 2018

In order to stay competitive in today's business environment, businesses need a dependable and efficient way to store and access information. That's where enterprise resource planning (ERP) systems come into action - ERP systems integrate all facets of an enterprise into one comprehensive information system that can be accessed by individuals through the entire organization.

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All Non-Stock Items Arent Created Equal

September 11, 2018

Just about all distributors do some portion of their sales via non-stock items. For some, it’s very limited and only done when necessary. Others embrace non-stock item sales as a way to provide more value to their customers. On the surface it would appear to be a no-brainer to embrace non-stock item sales.

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Digital Commerce Strategies for Manufacturers

September 11, 2018

Manufacturers focused on growth are finding it by discovering more about their customers’ business problems and providing solutions for them. This opens new opportunities for manufacturers to stand out as the preferred option in a competitive marketplace.

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To Scan or Not to Scan That is the Question

September 06, 2018

I'm always amazed at how varied distributors opinions are towards utilizing bar code scanning in their warehouse operation. Many distributors swear by it, indicating that it’s critical to their business.

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Is the Price Always Right

September 04, 2018

I'm always amazed at the variety of pricing strategies used by distributors. Cost plus, list less, fixed pricing, and the old stand-by, gut-feel - they all have their strengths and weaknesses. But the ultimate goal is finding the “right” price. So what isIs the Price Always Right the right price? The exact dollar amount of the right price is different depending on the perspective. For the customer, the right price is the lowest price. For the distributors, the right price is the highest price. 

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Epicor iScala Wins Gold in Best in Biz Awards 2018 International

August 30, 2018

I'm delighted to announce that our business management software solution, Epicor iScala, has been named the gold winner in the Enterprise Product of the Year, Software category at this year's Best in Biz Awards. These awards claim to be 'the only independent global business awards programme judged each year by prominent editors and reporters from top-tier publications from around the world'

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Industry 4 0 and Skills What Does it Mean for Jobs

August 28, 2018

Recent technology developments—including advancements in AI, IoT and robotics—all driven by what is known as the Fourth Industrial Revolution (Industry 4.0) have led to speculation in recent years that many industrial jobs could soon become obsolete. Technology developments-including advancements in AI, IoT and robotics-all driven by what is known as the Fourth Industrial Revolution have led to speculation in recent years that many industrial jobs could soon become obsolete. 

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Who Knew There Were So Many eCommerce Options?

August 27, 2018

As I was doing my holiday shopping this year, I started to think about how often I choose to shop online versus in the retail store. When you discuss eCommerce, people immediately think of a web storefront. But for many distributors there are several different aspects for offering an eCommerce omni-channel. Let’s look at a few.

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