There are many ways lumber and building materials (LBM) dealer businesses can improve productivity, but before you implement a new process you have to know where to start. This article covers the who, what, where, when and why of tracking productivity in your business, along with how you can measure this in your current operation. This article goes beyond tactics youâ€™ve already put into place and helps you identify areas where you can mine data to uncover areas of opportunity.
Thereâ€™s no question eCommerce has changed the commercial landscape. The real question is how does the changing landscape fit into your LBM business strategy? Is eCommerce a core capability you need to survive, or does it play a more supportive role while services differentiate your business from others? Whichever way you head, youâ€™ll need a smooth flow from your customersâ€™ expectations to your business process.
Paving the Way Forward in a Touchless Environment: How building suppliers and distributors are doing business
In light of states opening back up, learn what LBM businesses are doing right now to thrive in a contact-less environment regarding employee safety, business operations, and communication:
* Customer communication - loyalty starts with transparency and assistance, even at a distance
* Ecommerce - short term solutions that turn into log-term
* No-contact service - from placing orders, to the lumberyard, to delivery, to invoicing.
* Avoiding cash transactions - have customers place orders online through simple, but powerful software
Navigating the Current Health Situation While Setting Your Business Up Long-Term
The economic impact caused by the current public health situation will affect LBM dealers for several months. It's certainly not business as usual-and that may turn out to be a good thing, because smart dealers also are finding new and better ways to run their companies. The most reactive dealers will not only survive, but they'll advance to a higher, more efficient operating state.
Hear Craig Webb, LBM industry analyst, detail the adjustments dealers are making now in the current public health situation and should embrace long-term.
It's no surprise that technological trends are profoundly impacting distribution organizations all around the globe. These life- and business-changing megatrends benefit distributors in many ways, enabling them to: Improve efficiency and Reduce cost.
By recognizing these trends and leveraging these technologies, you will be able to stay competitive andâ€”most importantlyâ€”deliver greater value to your customers. But first, letâ€™s take a look at the numbers.
Our technology provides the data and insights to offer more value to your customers and increase your bottom line. Consider these eight questions for your lumber and building materials business. Epicor BisTrack software supports LBM businesses with analytic tools to help you grow.
The best business management software provides real-time data and insightsâ€”helping leaders reduce costs and make strategic decisions. Consider these eight questions for your lumber and building materials business. Can your current system support your growth goals?
Business Intelligence (BI) refers to a range of software applications that are used to analyze raw data and support the important function of business analytics. Todayâ€™s business management systems come equipped with powerful analytics tools that can enable insights into your organization and positively impact growth.
With better data, your lumber and building materials (LBM) business can reduce costs, identify new opportunities, develop targeted strategies, and improve decision making.
Thereâ€™s a shortage of labor in the lumber and building materials (LBM) industry. If youâ€™re an LBM dealer or distributor not affected by the labor shortage, chances are your customersâ€”or your peersâ€”are. It has created opportunities for businesses to find creative ways to do more with less. Technology is proving to be a valuable asset, and is helping dealers and distributors position themselves as the manufacturers and suppliers of choice for their customers. In this eBook see how this labor shortage came about and look at the impact itâ€™s had on the industry.
Boost profitability through customer stratification. Customer stratification is a tool that can help your organization identify which clients warrant greater investments of your time and energy and which ones erode your profits by overloading your resources with demands. The practice of customer stratification allows LBM business leaders to focus on their best customers and minimize time on unprofitable partnerships.
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