FALL 2023
Distributor's Link Magazine Fall 2023 / Vol 46 No 4
Distributor's Link Magazine Fall 2023 / Vol 46 No 4
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THE DISTRIBUTOR’S LINK 143<br />
NELSON VALDERRAMA WHOLESALE DISTRIBUTION: WHAT YOU CAN EXPECT IN 2030 from page 142<br />
And it became clear that most had yet to take<br />
advantage of the substantial technological investment.<br />
We tasked Regional Sales Coordinators<br />
with driving home the unique utility offered by the<br />
Artificial Intelligence (AI) and Machine Learning (ML)<br />
system installed in 2026. Thanks to these advanced<br />
technologies, salespeople had everything necessary<br />
at their fingertips. The AI/ML model consumed and<br />
processed the company’s historical sales data.<br />
¤ With that core information, the system could<br />
optimize inventory to avoid stockouts and reduce<br />
excess items. This assured better cash flow because it<br />
also anticipated seasonal and customer-critical needs.<br />
¤ The algorithms would process millions of<br />
calculations and integrate the data with customer<br />
behavior, economic and industrial trends, and competitor<br />
activities to optimize pricing.<br />
The AI/ML pulled data from every warehouse<br />
process, procurement results, and delivery output to<br />
eliminate paper, initiate digital purchase orders, and<br />
recommend customer-targeted pricing. Relieved of<br />
administrative tasks, salespeople could focus on their<br />
accountability to increase revenues.<br />
The Future Of Wholesale Distribution Is<br />
Here!<br />
From predicting shifts in consumer demand to<br />
identifying operational inefficiencies, businesses that<br />
leverage big data analytics to make informed decisions<br />
will surpass their competitors. Skills and talent will<br />
redesign the work and drive innovative machines to<br />
sustain profit margins. Only the private sector has the<br />
power to revamp and engage the skills of the current<br />
workforce, leading to higher employee productivity.<br />
NELSON VALDERRAMA