The High Cost of Cheap Prices

By Tom Reilly

Cheap prices seduce and delude. They scream as Sirens to price-sensitive shoppers and delude them into believing they are getting great deals because of the cheap prices. Cheap prices do not equate to great deals. Consider this:

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Three weeks in China and Taiwan – Only two plane rides but 12 trains…

Check out this blog post from Pac-West member Hans Fuller, with Fuller Metric.

http://fullerfasteners.com/three-weeks-in-china-and-taiwan-only-two-plane-rides-but-12-trains/

Annual Performance Reiviews: The Down Side of Dumping Them

From Work That Matters

Getting rid of an annoying process is only half the battle. Read More

LIFO in the GOP Tax Reform "Blueprint"

A Message From the National Association of Wholesaler-Distributors 

As you may know, the House Republicans have been working for several months on a series of six issue “blueprints” to set forth a policy agenda.  Their final blueprint, their tax proposal, is being publicly released at a press conference at 10:00 AM this morning.  While the official document was embargoed until 11:00 AM this morning, we saw a draft of it last evening, and it is very good news for us on LIFO.

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Sara Vasicek Joins Advance Components as Regional Sales Manager

A Message From Advance Components 

Contact: Pam Berry                  
[email protected] 

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EFC Adds To The Roster

A Message From EFC International 

ST. LOUIS, MISSOURI – June 22, 2016. In a continued drive for growth, commitment to customers and supply partnership excellence, EFC International announces the addition of Teresa Amman, Supply Chain Director. Teresa will be responsible for successfully developing procurement and logistic strategies collaborating with suppliers and EFC’s Purchasing, Sourcing, Logistics, Warehouse and Quality departments who will also report to her.  

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EU "Political Understanding" Reached on Conflict Minerals Law

From Lawrence Heim

As we understand it, this means that the relevant political entities have agreed upon high level legal principles for the conflict minerals requirements for covered businesses in Europe. Read More

Do You Want Feedback or Validation?

From Tom Reilly

“I want the truth.”

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Tom Peters Wants You To Read

From Strategy+Business

The legendary management guru believes burying your nose in a book can be the most effective strategy for succeeding in business. Read More

National Industrial Fastener and Mill Supply Expo Launches New Website

A Press Release From the National Industrial Fastener and Mill Supply Expo (NIFMSE)

Los Angeles, CA (June 13, 2016) – Today, the National Industrial Fastener and Mill Supply Expo (NIFMSE) announced the arrival of its new, user-friendly web site, www.fastenershows.com.

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Stop Cutting Your Price

From Tom Reilly

Words are, of course, the most powerful drug used by mankind. Rudyard Kipling

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The Unexpected Benefit of Celebrating Failure

From TED2016

The secret to creating an organization where people feel comfortable working on big, risky projects and exploring audacious ideas. Read More

Our Biggest Blindspots as CEOs

From knowyourcompany.com

As CEO, you’re somehow both the total insider and the total outsider at the same time. In some ways you’re at the center of the organization. In other contexts, you’re like the last person to know anything. Read More

NAW Announces Next Generation Leadership Program

Contact: Ruth Stadius
NAW Communications 
[email protected] 
202.872.0885

 


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Intercorp to be Featured in an Upcoming Episode of Innovations, Exploring Recent Advancements in Building Solutions

A Press Release From Intercorp

DMG Productions educates on the latest breakthroughs in fastening solutions.

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EFC International Appoints New Strategic Position

A Press Release From EFC International

ST. LOUIS, MISSOURI – May 26, 2016. In a continued drive for growth, commitment to customers and supply partnership excellence, EFC International announces the addition of Mike Massengill as Plastics Design/Application Engineer.  Reporting directly to Dave Pfeifer, Director of New Business Development, Mike will be responsible for collaborating with EFC’s sales engineers, customers, and suppliers to drive growth with innovative key products. 

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Four Tips for Stronger Senior Management Teams

From Work XO

Senior management teams are sort of like people: no two are exactly alike, though they share a lot of common characteristics. Read More

How To Hire For Cultural Fit

From Officevibe

The perfect hire is someone who is excited about your company’s goals – the kind of person that will go the extra mile when it’s required. Not the person who will complain when the have to work the occasional Saturday to get a project over the line. Read More

2015 Conflict Minerals Filings So Far

From Lawrence Heim, Elm Sustainability Partners

There is still confusion about what “country of origin” means. Country of origin refers to the point from which the ore came out of the ground. The location of the smelter can be indicative of risk in some situations, but not always. Read More

Does Your Company Have What It Takes to Go Global?

From Harvard Business Review

In decades of work with more than 100 global organizations, we have seen case after case in which managers and their companies are too eager to jump into the global arena before ensuring that all the right internal pieces are in place. Read More