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10/11/2019

008 Big Data Analytics for Wholesale-Distributor

Presenter: J. Michael Marks

Date: Sunday, March 8, 2020

Time: 1:00-4:30 pm

Level of Complexity: Advanced

Course Description: This course is focused on practical examples and useful models to improve decision making with big data for today’s distributor. It is about practical application, not theory, and it does not require a new software package to play.  There is a great deal of bad information and hype on this subject.  The basic principle is that better data in decision making improves the firm’s ability to make effective investments, increasing shareholder value.  The course provides a series of specific examples of how big data allowed a distributor to gain a competitive advantage.

Learning Objectives: 

  • Identify specific areas in their own firm where the application of big data tools can create a short-term improvement in financial performance
  • Accurately budget the cost of a true data scientist along with required supporting resources and how to structure this function in their own firm
  • Recognize and manage the resistance to change that comes from increased accountability and the diminished value of storytelling

aeaJ. Michael Marks

Michael is a dynamic speaker, popular business author, and both an NAW Research Fellow and the Managing Partner of the Indian River Consulting Group. The boutique firm has worked with distributors of all sizes up to those over $40 billion in revenue per year. Mike sits on the boards of several distributors and provides arbitration and expert witness services for manufacturers and distributors in contract disputes.

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In Search of the Perfect Customer

Brent Grover

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As wholesaler-distributors operate in today’s economy, they must protect their most profitable, high-growth potential customers and avoid squandering their precious resources. If your sales compensation plan and other policies encourage your staff to misspend their time and your resources on the wrong customers, now is the time to act. If your company is overlooking opportunities to make money and stop profit leakage, this is the book for you!

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