Tag: Distribution

Cutting prices and taking on the public sector – 8×8 talks strategy after landing in France | ChannelNomics

Cutting prices and taking on the public sector – 8×8 talks strategy after landing in France | ChannelNomics

Masyln indicated that in preparing to enter the French channel, 8×8 has had to lower its prices. However, she insisted that the vendor will differentiate itself in its new target market in other ways beyond cost. “From a pricing perspective, I’ve found this is necessary even when doing pan-European deals out of the UK, but […]

Unlock Six Sigma Pricing | Professional Pricing Society

Unlock Six Sigma Pricing | Professional Pricing Society

Companies have the power to implement pricing capabilities needed for sustained profitable growth – Six Sigma Pricing. Navdeep Sodhi, Managing Director of Sodhi Pricing, is our featured guest blogger sharing expert advice on how to unlock potential in your business. The State of Pricing  Within every company exists a hidden pricing factory that holds the key […]

Webcast: Pricing Strategy Execution With Certainty 20-March | PPS and Navdeep Sodhi

Webcast: Pricing Strategy Execution With Certainty 20-March | PPS and Navdeep Sodhi

Changes in the external environment are inevitable. Companies react by rushing into strategic initiatives to defend revenues or grow profits only to realize that pricing execution is a bottleneck. Whether entering new markets — digital or traditional, major recalls, mergers or acquisitions, large-scale reorganization, or breakthrough technology, companies need be ready for unexpected pricing challenges. […]

Grainger CEO Outlines Benefits of Pricing Move | Modern Distribution Management

Grainger CEO Outlines Benefits of Pricing Move | Modern Distribution Management

At this week’s Grainger show in Orlando, FL, CEO D.G. Macpherson expanded on his recent comments that the company was seeing “benefits” from its pricing changes as he doubled down on the notion that the move is helping Grainger bolster three customer segments. “We’ve seen benefits in a number of areas,” Macpherson told MDM when […]

Grainger Closed 98 Branches In 2017 While Volume Powered Sales & Profits Growth | Industrial Distribution

Grainger Closed 98 Branches In 2017 While Volume Powered Sales & Profits Growth | Industrial Distribution

MRO products distribution giant Grainger — No. 2 on Industrial Distribution’s Big 50 List — reported its 2017 full year and fourth quarter financial results on Wednesday, which showed considerable gains in sales and profits compared to a year earlier while the company continued to slash its branch count. Grainger’s strategic pricing initiatives that accelerated […]

Top 5 MDM Articles from 2017 | Modern Distribution Management

Top 5 MDM Articles from 2017 | Modern Distribution Management

As the largest industrial distributor in North America, Grainger is bound to garner attention when it makes a move as big as changing its pricing strategy. This past year proved that MDM readers were eager to learn as much as they could about the company’s hopes of acquiring more customers by adjusting prices. Three articles […]

Grainger Sheds 40 Canada Branches While Mid-Size Customers Drive Modest Q3 Sales Growth | Industrial Distribution

Grainger Sheds 40 Canada Branches While Mid-Size Customers Drive Modest Q3 Sales Growth | Industrial Distribution

Grainger — No. 2 on Industrial Distribution’s Big 50 List — reported its 2017 third quarter financials on Tuesday, led by a modest year-over-year (YoY) sales increase and a continued profit increase as the company provided an update on the results of its recent strategic pricing initiatives, which it initially announced in November of 2016 and then accelerated after […]

Webcast: Boost Profitability with Better Contract Management  | SPA

Webcast: Boost Profitability with Better Contract Management | SPA

Contracts often play a vital role in a company’s profitability by representing millions in gross revenue. However, contracts can be challenging to manage and fully understand across the business. Do you find yourself asking questions like: – Am I spending too much time and resources managing contracts? – Am I losing margins due to expired […]

Grainger’s Pricing Initiative, pt 1: A ‘Suboptimal’ Solution? | Modern Distribution Management

Grainger’s Pricing Initiative, pt 1: A ‘Suboptimal’ Solution? | Modern Distribution Management

As of Aug. 1, W.W. Grainger Inc.’s new web pricing strategy was to be effective for all 1.5 million SKUs on its website. The pricing strategy was launched to reverse unfavorable market share trends Grainger experienced in certain market segments in recent years. Part 1 of this two-part series looks at how the pricing initiative […]

Grainger Reports Results For The 2017 Second Quarter | PR NewsWire

Grainger Reports Results For The 2017 Second Quarter | PR NewsWire

United States Sales for the U.S. segment were up 1 percent versus the 2016 second quarter. The increase was driven by a 5 percentage point increase from volume and 1 percentage point from intercompany sales, partially offset by a 4 percentage point decline in price and a 1 percentage point decline from the timing of […]