SUMMER 2019
Distributor's Link Magazine Summer 2019 / Vol 42 No3
Distributor's Link Magazine Summer 2019 / Vol 42 No3
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THE DISTRIBUTOR’S LINK<br />
PACIFIC-WEST FASTENER ASSOCIATION<br />
3020 Old Ranch Parkway #300, Seal Beach CA 90740<br />
TEL 562-799-5509 FAX 562-684-0695 EMAIL info@pac-west.org WEB www.pac-west.org<br />
COME TO THE CALIFORNIA WINE COUNTRY<br />
FOR PAC-WEST’S FALL CONFERENCE by Vickie Lester<br />
What could be better than networking with fastener<br />
industry professionals in the heart of California wine<br />
country? Join us October 24-26, <strong>2019</strong> at the Doubletree<br />
by Hilton Sonoma Wine Country, Rohnert Park, California<br />
Jason Bader with The Distribution Team will be on<br />
deck for two great programs.<br />
Gross Sales is for Vanity, Profit is for Sanity<br />
As we walk around conventions and industry<br />
gatherings, we hear all sorts of commentary on top line<br />
revenues. Big sales and big numbers rule the cocktail<br />
hour, but where does the rubber really meet the road? We<br />
pay our bills and line our pockets with profit, not sales.<br />
If you are person responsible for setting pricing direction,<br />
this event is for you. In this session, we will talk about<br />
driving a culture of profit in your organization. It starts<br />
with educating the team about how money works and<br />
continues with proven margin enhancement strategies.<br />
From raising prices to reducing expenses, this session<br />
will give you the tools you need to unlock significant<br />
improvements in gross margin and ultimately net profit.<br />
Now let’s go hunt some cash.<br />
Analyzing Customer Profitability<br />
Are all customers created equal? Isn’t that what<br />
we teach our customer service people? If we asked our<br />
people to list the top ten customers, how would they<br />
rank them? If we asked them to list the top ten most<br />
profitable customers, would we receive the same list? In<br />
many organizations, the people that work with us and for<br />
us equate our largest customers with our most profitable.<br />
During this session, participants will learn how to rank<br />
their customers based on contribution to net profit. By<br />
understanding which customers contribute to our overall<br />
profitability, we can allocate our value-added resources to<br />
those folks who help us grow. Conversely, we can begin<br />
ASSOCIATION ARTICLE<br />
to reduce services to those customers who make us jump<br />
through hoops, drive down prices and continually pay<br />
slow. Distributors have a finite amount of money to invest<br />
in service. Let’s make sure that we are investing in the<br />
right customers.<br />
Also featured at the Pac-West <strong>2019</strong> fall conference<br />
will be Bob Seredich with the Southwest Institute for<br />
Emotional Intelligence. A favorite Pac-West speaker, Bobi<br />
has a very timely program for us.<br />
The Five Secrets to Highly Effective Teams<br />
Your untapped goldmine to the success of your<br />
business is in your people. How can you create a<br />
healthier, productive, innovative and profitable company?<br />
This presentation brings in the concepts of Patrick<br />
Lencioni’s best-selling book,The Five Dysfunctions of a<br />
Team, where he uncovers the natural human tendencies<br />
that derail teams and lead to politics and confusion in so<br />
many organizations. Teamwork and a positive corporate<br />
culture remain the ultimate competitive advantage, both<br />
because it is so powerful and so rare. You will learn:<br />
¤ How to get everyone on your team on board<br />
with the same goals and direction<br />
¤ Practical tools for overcoming dysfunction<br />
¤ How to create cohesiveness and minimize<br />
gossip and politics<br />
¤ The importance of organizational health as<br />
your competitive advantage<br />
¤ The only way to win is through values-based<br />
leadership – leaders walking their talk<br />
¤ Gain new commitment to teamwork<br />
¤ Discover the five behaviors: Trust, Conflict,<br />
Commitment, Accountability and Results<br />
¤ Create team agreements<br />
¤ Engage in powerful trust building exercises<br />
¤ Assess where your team stands now<br />
CONTINUED ON PAGE 172