Total Cost is a Better Way To Sell

By Tom Reilly

"The real price of everything, what everything really costs to the man who wants to acquire it, is the toil and trouble of acquiring it." Adam Smith, The Wealth of Nations

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Untapped Potential Within Your Enterprise Accounts

By Bruce Merrifield

Global companies have formal, “enterprise accounts” programs. Distributors typically do not. Deploying a team of specialists (to augment the Rep) on the biggest, 1-5%, profit-potential accounts will yield, however, big profit gains, especially in down economies.

Profit-Ranking, Math-Facts

A cumulative, customer-profitability ranking report for distributors reveals stats like the top 40% generate about 150% of the financial statement’s profit total. More sensationally, the top 20% customers yield 140%; top 10, 95%; and, – in one case – the #1 account scored 25% of the peak internal profits.

Protecting the #1 Profit Account?

In the case above, the CEO decided to try an experiment to defend against competitive intrusions. He personally followed his company’s product and paperwork flow through the customer’s internal systems visiting with customer employees along the way. He knew he would find fixable inefficiencies, because:







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What Skills Does the Future Workforce Need?

From World Economic Forum

The changing nature of work in the decades ahead means that leaders to prepare their people to coexist and collaborate with machines. The skills needed today are very different than they were five years ago. Click here to read more

The Importance of Cyber Insurance

The loss a data breach could cost you has only gone up in recent years, leading many to reevaluate their cybersecurity strategies and adjust their insurance policies.

In a video recently published in the St. Louis Business Journal, Bill Goddard, Principal in the Insurance Advisory Services practice for Brown Smith Wallace, describes some important precautions to take to ensure your business is protected.

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You Need To Know This for Your Conflict Minerals Filing

From Elm Sustainability Partners

Our previous article highlights the absence of any new information or guidance on US conflict minerals filings, the deadline for which is looming (May 31). The lack of information is creating confusion for some companiesand we have had a number of calls in the past weeks to clarify where things stand relative to Form SD and Conflict Minerals Reports requirements. Click here for a summary of the major points

PATH Act May Impact Tax Planning

From Brown Smith Wallace

The Protecting Americans from Tax Hikes Act of 2015 (PATH Act) made permanent many popular but previously temporary tax breaks for individuals and businesses. The PATH Act also enhanced many incentives. Click here for more information

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More than 200 Fastener Professionals Participated in the 2016 Joint Conference


Pac-West Free FTI Webinars and New Regional Events


FASB Issues Long-Awaited Standard on Lease Accounting

The new guidance on reporting leases under U.S. Generally Accepted Accounting Principles has been the subject of intense public scrutiny. It’s received significant opposition from businesses that expect to add many billions of dollars in assets and liabilities to their balance sheets once the lease accounting standard becomes effective. Click here for more information

Sherex Fastening Solutions Acquires DISC-LOCK, Inc.

Tonawanda, NY, March 8, 2016  Sherex Fastening Solutions, a global leader of engineered fasteners, tooling and automation is pleased to announce the acquisition of DISC-LOCK, Inc. effective March 1, 2016. DISC-LOCK is an originator of wedge-lock technology and a pioneer in the design and manufacturing of secure and durable vibration proof fastening systems.

"With over 35 years of successful applications history and highly patented technology, DISC-LOCK innovations solve one of the world’s most challenging fastening problems of vibrational loosening. The combination of each company’s strengths will deliver a broader range of engineered solutions while providing the lowest total installed cost to our customers," said James Pickren, CEO of Sherex.

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Sherex Fastening Solutions Celebrates 10 Years of Continuous Operations at Sherex Taiwan

  

Contact: Renee Fisher
908.240.8230
[email protected]

Tonawanda, NY,  February 29, 2016  – Sherex Fastening Solutions, a global leader of engineered fasteners, tooling and automation recently celebrated the 10 year anniversary of its Sherex Taiwan manufacturing, research and development, and sales facility. Sherex commemorated the occasion last October with an impressive turnout of customers, suppliers, and employees. The multiday celebration included an employee appreciation day, a well-attended supplier event, and a customer golf outing.

 

Since its inception in 2004, Sherex Taiwan, led by Dr. Alex Hsaio, has provided high quality products, industry leading new product development, as well as full manufacturing capabilities for Sherex’s key product lines of standard rivet nut inserts, custom engineered rivet nut and stud inserts, and clinch nuts. 




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Cheniere Learns About Technological Uncertainty: Lessons For All Businesses

By Bill Conerly

When your company is planning its future, how can it understand the impact of technology on the business? Click here to ready the full article

Businomics Newsletter February 2016

By Bill Conerly

Businomics ®: Connecting the dots between the economy and business. Click here to see the February issue

Spotlight on Recent SEC Proposals

From Brown Smith Wallace

The Securities and Exchange Commission (SEC) is asking for public comments on several key changes to its rules by the first quarter of 2016. Although its proposal on intrastate crowdfunding has garnered significant attention, the comment deadlines for five other regulatory proposals also are in early 2016. Here’s a heads-up on what regulatory changes are currently in the works. Click here to read more

Managing Customer Expectations

By Tom Reilly

Customer satisfaction is a function of how you perform vis-à-vis the customer’s expectations. Satisfaction is often expressed numerically as a ratio: performance to expectations. Customer satisfaction is an attitude and attitude drives behavior, including retention which is a measure of the likelihood that someone returns as a repeat customer. So, what affects expectations?

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IRS Notice 2015-87 Addresses Many Aspects of the Affordable Care Act

From Brown Smith Wallace

The IRS issued Notice 2015-87 late last year to provide guidance on how various provisions of the Affordable Care Act (ACA) apply to employer-sponsored health plans. The guidance, which includes 26 questions and answers, is generally applicable to plan years beginning on or after December 16, 2015, though it can be relied on for earlier periods. Click here to read the full article

Fastener Fair Mexico 2016 Registration Now Open!


June 1-2, 2016

World Trade Center
 
Mexico City
 
Fastener Fair Mexico 
Registration Now Open

FASTENER FAIR MEXICO, the leading Latin American exhibition for fastener and fixing technologies, returns to Mexico City June 1-2, 2016.  Join more than 2000 OEMs, suppliers, distributors and end users and find the newest technologies and products for the fastener industry.

Entrance to the show is free and you can Register Online now!  Make your plans to visitFastener Fair Mexico today!
 
 
 
 

NAM vs SEC: Conflict Minerals Uncertainty Extended

From Elm Sustainability Partners:

Last week, the US Supreme Court granted the SEC an extension for filing an appeal of the Appellate Court rulings on the conflict minerals disclosure requirements related to the use of specific determination wording. Click here to read more

You might be DRC conflict free and not ready for it

From Elm Sustainability Partners

As more companies complete their conflict minerals Reasonable Country of Origin Inquiry (RCOI) and smelter/refiner verification for their CY2015 SEC disclosures, many are surprised to find diminishing data gaps and uncertainties prevalent in previous years. Click here to read more

Fastener Hall of Fame and Young Fastener Professional of the Year Call for Nominations

Submit your nominations by February 28.

The National Industrial Fastener & Mill Supply Expo (NIFMSE) Hall of Fame was established in 1982 to recognize and honor those individuals who have made significant contributions to the betterment of the fastener industry.

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