In this 20mins video, John Gunderson, VP of Analytics and e-Business at Modern Distribution Management (MDM), explains what distributors and manufacturers can do today to manage cash flow in the face of the COVID-19 pandemic.
John recommends 5 levers that you as a distributor could pull to strengthen your position:
- Cash discounts
- Special terms for specific customers
- Stock programs
- Manage your back orders aggressively
- BONUS TIP: Automate your AR and AP
Interested in learning more? MDM are hosting weekly live events with leaders across the wholesale distribution sector. Register for the next event here.