ASA Insights
Jun. 02, 2016

ASA Members Report Flat Sales for April
American Supply Association
ASA’s Monthly Pulse Report provides a regular snapshot of performance for the PHCP-PVF industry. For the month ending April 30, 2016, 50% of respondents reported a figure higher than the median; 50% reported a figure lower. In comparing the month with the same month in 2015, respondents reported essentially flat sales growth with a median of 0.1%. For the calendar year-to-date, respondents reported a median sales growth of 6.2%. Respondents also reported a median increase in sales of 3.9% for the trailing twelve months ending April 30, 2016. Inventory rose 3.0% for April, 2016 vs.2015. The median Three-Months Average Days Sales Outstanding dropped to 43.3 days for April. Nearly 54% of the participants reported an increase in gross margin percentages for April, 2016 vs. 2015. Company YTD Profit Before Tax increased for 52% of the respondents. Fifty-five percent (55%) of the respondents reported having more Full-time Equivalent Employees vs. a year ago. LEARN MOREMore

Another Record Year for YE in Memphis
American Supply Association
Last week, 145 of ASA’s Young Executives met in Memphis, TN for the group’s Annual Spring Forum. 2016 was once again a record-breaking Spring Forum attendance year for one of ASA’s fastest-growing divisions. Centered around Dirk Beveridge’s Sales Innovation educational workshop, attendees were forced to think about how they sell and how to differentiate themselves from the status quo. Attendees were then invited to tour NIBCO INC.’s manufacturing plant in Blytheville, AR and were served up some fantastic Memphis barbeque, courtesy of a few pit-masters that work for NIBCO. The Young Executives Division is designed to develop the leadership skills and relationships of the industries young professionals. The 2017 Spring Forum will take place next May in Cleveland, OH. LEARN MOREMore

You Got Questions? These Pros have Answers!
American Supply Association
Back by popular demand, the “Meet the Pros” education session at NETWORK2016 involves industry executives gathered together for personalized one-on-one interaction regarding a variety of topics directly affecting your business. This session is your opportunity to meet roundtable discussion style with seasoned industry executives who have extensive expertise and knowledge in the exact areas where you need assistance. At NETWORK2016 on Friday, September 30 at the Waldorf Astoria in New York, attend this valuable session and go back to your business with takeaways that you can immediately put to use in your day-to-day operations. REGISTER NOW if you haven’t already!More

REMINDER: FREE Overtime Webinars Continue TODAY
American Supply Association
Knowing the gravity of the recently passed Final Overtime Rule and its impact on millions of stakeholders, the Department of Labor is currently offering a series of informational webinars to help business owners as they continue to make preparations for December 1. A recording of last Thursday’s informational webinar as well as registration information for today’s and next week’s June 9 webinar is available here.More

Manage & Train Multiple Generations in Your Workforce
American Supply Association
Being in charge of Training & HR for a company has many challenges… how do you recruit, attract and retain talent? What are the resources you use and the best practices to help you put a team in place that will be the best fit for your company? After your recruits are in place and have established themselves within your workforce, how do you manage and train the multi-generations that comprise your company? The Training & HR Networking Council has the tools to help you achieve and succeed at meeting these demands. Plan on being a part of a half day workshop, followed by peer networking roundtable discussions that will help you with the road map to success, taking place in Chicago on Wednesday, June 15. REGISTER NOWMore

Effective Strategies for Using Logistics as a Profit Center
American Supply Association
Logistics... the detailed coordination of a complex operation involving many people, facilities and supplies. With such a vast operation, how do you manage and oversee the process and keep your costs in line? How can you use logistics as a profit center? Learn what some of the most profitable companies are doing to maximize the contribution logistics delivers to the bottom line and providing an exceptional customer experience. Be a part of the Operations & Logistics Networking Council workshop on Thursday, June 16 in Chicago to hear from logistics and industry experts who will provide strategies and processes that will maximize profitability and give you a competitive advantage. REGISTER NOWMore

Time to Check Your Pulse
ASA Monthly Pulse Report
Each month, ASA partners with Industry Insights and ITR Economics to compile data from wholesaler members that provides a snapshot on industry performance as well as how it relates to the broader economy. The value of this report is directly related to the number of wholesaler firms that contribute data each month - the greater the number of respondents, the more comprehensive and useful is the report and accompanying analysis. The participation deadline for wholesaler members to submit data for the May report is June 10th. Learn more about this FREE and EXCLUSIVE benefit that ASA members frequently use when making key decisions.More

Your Innovation Catalyst Kit to Disrupt the Status Quo
American Supply Association
ASA and UnleashWD are currently partnering to offer ASA members instant access to their own Innovation Catalyst Kit. Each kit comes with an “Innovation Manifesto” (printable wall poster that reminds you disrupting the status quo is the path to your meaningful, productive future), and 3 dynamic short videos from NETWORK2016 General Session and Education Session presenter Dirk Beveridge of UnleashWD entitled “Driving Change, Transformation and Innovation in the Age of Disruption”, “What You Stand for and Believe in Determines Your Future” and “The Innovative Distributor Model – Creating Sustainability and Relevancy."More

What Does Your Company Value?
Industrial Careers Pathway
It's been said many times that younger generations are more socially conscious than their predecessors. Apparently for some, it's go green or go home. According to an article by Will Yakowicz, based on the Deloitte Millennial Survey, 44 percent have turned down a job offer because they couldn't relate to the company's values and 49 percent refused a work project that didn't align with their personal ethics. Overall, younger generations want to work for and buy products from companies that are socially responsible. Take a look at your website career page: Is your social responsibility mission clearly stated?More

Read the Latest from Morris Beschloss on USA Today
American Supply Association
This week's news: Has women’s professionalism abetted U.S. growth? (The Desert Sun)

Want to read more from Beschloss? Click here to go to USA Today for a full archive of past articles.More

Benefits of Employee Training and Development
The Happy Manager
Benefits of Employee Training and Development is the third article in our series on performance management. The article addresses a key question in performance based management. How do you optimize the benefits of training and development, and therefore the resources used to improve performance?

Want help developing your own training program? Go to ASA-U Advisory Service today for more information.More