Preparing Your Wholesale Distribution Business for Global Expansion

Global Distribution Centre

For most businesses, the ultimate goal is to increase sales—and there are several ways to achieve that, whether by expanding the product line or adding new sales channels. As a business begins to grow, more distribution opportunities will emerge, and it becomes important to evaluate the best strategies for long-term success. Expanding your distribution business … Read more

Food Distribution Accounting Tips

Food Distribution Software Programs

The food distribution industry is very unique in a number of different ways. With numerous standards and regulations set by governing bodies in place, as well as an overall level of quality that must be upheld to customers, it is important to employ a software program designed specifically for food wholesalers and distributors with the … Read more

Landed Cost Formula (Calculation) | How to Track Landed Costs

Landed Cost Formula calculation

Determining the price of a product isn’t as simple as an all over product price markup. Business owners running a growing wholesale distribution business, should be tracking landed costs to get a better understanding of how much you pay to sell a product. What is Landed Cost? The landed cost of a product includes all … Read more

How Are You Managing Your Landed Costs? (Definition)

Shipping containers for landed cost definition

Landed Cost Definition First, it is important to bring you up to speed on “Landed Costs”. Landed costs are the total cost of a product, or inventory item once it has arrived at your facility. This means it includes the original purchase price of the item, the shipping costs, customs, duties, taxes, and really any fees … Read more

Navigating Global Supply Chains with Import Export Management Software

Global Supply Chain

Globalization has been aided largely by advances in information technology and trends such as eCommerce, electronic banking, video conferencing, email and access to information over the internet.  For distribution businesses, globalization provides the opportunity to easily buy and sell products across multiples sales channels around the world – both B2B and B2C.  However, there are … Read more

Better Inventory Management

Better Inventory Management

Business owners are constantly striving to improve inventory management in their warehouses – but how can they do this? The answer is of course dependent on the company as well as specific problems, but in general, businesses trying to solve inventory problems will typically choose one of 3 approaches; hire additional staff, invest in a proper inventory management … Read more