NFDA Logo
 
 Sitemap
Search: 
     


 

    April 18, 2008  
Volume 3, Issue 8
   
   

What's New

INDUSTRY ARTICLES

ASSOCIATION NEWS

EDUCATION & TRAINING

MEMBER NEWS

PRODUCTS & SERVICES

 

SAVE THE DATE!

2008 Fall City Meeting
September 16-18, 2008
Hotel Intercontinental
Chicago, IL

2009 Spring Meeting
April 22-25, 2009
PGA National Resort
Palm Beach Gardens, FL

Missed an Issue?

All of the NFDA Friday Downlads are available on the NFDA website archive. Click here to read past issues.

Who to Contact with Questions?

NFDA Headquarters:
(312) 527.6671
(312) 673.6740 fax nfda@nfda-fastener.org

 

 

 

 

You Had to Be There

But if you weren't, we've got you covered! NFDA's 2008 Annual Spring Meeting held last week at the Camelback Inn in Scottsdale, Ariz., was the association's biggest meeting since 2004. If you weren't there, here's what you missed…

  • Mark Shannon of Tower Fasteners was elected NFDA President.
  • Wendy Rose of Blue Chip Engineered Products was elected to the position of Vice President/Treasurer.
  • The Welcome Reception Pig Races, 50/50 Raffle, Mulligan Sales and Silent Auction raised $9740 in funds for the Memorial Scholarship Program
  • Click here to link to Speaker Presentations from the event
  • Click here to link to the list of Registered Attendees
  • Click here to see just a few photos from the event...more coming soon.
  • NFDA 40th Anniversary Slideshow...coming soon.

NFDA would like to thank everyone who attended the 2008 Annual Spring Meeting in Scottsdale, Arizona. Your attendance at this event helped to make it a success. NFDA would also like to thank the meeting and event sponsors -  Tinnerman, Yellow Transportation, Sentry Insurance, Brighton Best, Copper State Bolt & Nut, Creative Assembly Systems and Ken Forging, who helped support this event.

Save the Date for Fall 2008

NFDA 2008 Fall City Meeting
September 16-18, 2008

The Hotel Intercontinental
Chicago, Ill.

Meet NFDA's New Board Members

Distributor Directors:

Jack O'Donoghue
Accurate Fasteners Inc.
550 E 1st St
South Boston, MA 02127
Ph: 617-268-8300
Fax: 617- 269-8783
jod@actfast.com

 

James Spillman
Creative Assembly Systems
6002 Groveport Road
Groveport, OH 43125
Ph: 614-836-1050
Fax: 614-836-1057
jspillman@creativeassembly.com

 

Steve Turner
Great Lakes Fasteners & Supply
812 Hughes
Traverse City, Mich., 49696
Ph: 231-313-1913
Fax: 231-941-0185
sturner@glfasteners.com

 

Associate Director:

Dave Monti
Fall River Manufacturing Co.
540 Currant Rd
Fall River, MA 02720
Ph: 508-675-1125
Fax: 508-675-8770
davem@fallrivermfg.com

 

To read more about NFDA's new directors, click here.

 

Industry Articles

Weak Rivets Sink Titanic
Courtesy of cnn.com

NEW YORK (AP) -- The tragic sinking of the Titanic nearly a century ago can be blamed on low-grade rivets that the ship's builders used on some parts of the ill-fated liner, two experts on metals conclude in a new book. READ MORE


Achieving a Green Supply Chain through Lean Manufacturing
Phil Friedman - Supply Chain Management Review

With growing media attention, increased consumer awareness, additional regulatory scrutiny and the growing consensus within the scientific community on the link between human activity and climate change, issues focusing on environmental and social responsibility are not a fad, but a core business issue for manufacturers. READ MORE


Surviving an Economic Downturn
By Steve Wolkenhauer

From an e-mail received from a reader...

“We are a small distributor, with annual sales of $35 million. Like most, we're a little nervous about the economic situation. Without getting into your proprietary strategies, in a future article, could you offer a quick checklist of things to look at, to be sure we're ready for any eventuality? I'm sure that other readers would have interest as well.”

Sure. I notice that you are not a foodservice distributor, but I assume many readers here are not. If you buy stuff in great big trucks, warehouse it for the shortest period of time you can, and you ship it out through a sales force to someone who uses it up, you fit right in. The strategies of running a profitable distribution house are the same, no matter what's in the boxes. READ MORE


Burn Your Boat!
By John Boe

I believe that the great NFL Hall of Fame coach, Vince Lombardi, had it right when he said, "The quality of a person's life is in direct proportion to their commitment to excellence, regardless of their chosen field of endeavor." Do you agree with coach Lombardi or are you the type of person who has difficulty staying focused and keeping commitments? Do you allow the negative influences of fear, anxiety, self-doubt and worry to dominate your thinking and sabotage your results?

Sadly, most people fail to achieve their goals, not because they're lazy or lack self-motivation, but because they were never "fully committed" to succeed! I can't think of a single great achievement that has ever been attained without first a plan of action and then an unshakable commitment to its accomplishment. Walt Disney was arguably one of the most creative dreamers and determined men of the twentieth century. Walt understood the power of commitment and would frequently tell those around him, "When you believe in a thing, believe in it all the way, implicitly and unquestionably." READ MORE


Why Good Salespeople Often Turn into Mediocre Sales Managers
By Dave Kahle

We've all done it. Promoted a good salesperson, often our best, to sales manager. My files are full of cases where the results were below expectations for everyone involved. Principals and CSOs are often disappointed in the lack of results, and the sales managers are confused and frustrated with the lack of achievement of their teams.

A variation on this theme usually produces even more angst. A good salesperson, without any real management experience, is hired from outside the company to fill a sales manager position. When these decisions go bad, the hurt feelings, negative attitudes and difficult situations which result can be ugly.

Not that this is always the case. Many CSOs and executives rose through the ranks in just this fashion, contributing exceptionally at every stage. But, these cases are generally the exception, not the rule.

The rule is that few good salespeople make good sales managers.

Why is that? READ MORE

Products & Services

Don't Miss Out on this Outstanding Member Benefit

Every month you close out your books, but did you know there is a wealth of insight into your business that goes undiscovered? With NFDA's new Financial Analysis & Industry Benchmarking tool, powered by the iLumen Financial Information Network, the upload of a standard report from your accounting software enables you to learn more about your business, see how it compares to industry averages and gain insight from experts and private companies.

This new service is an exclusive NFDA member benefit and free to all NFDA members. Click here to learn more.

   
   
NFDA is a non-profit association for distributors and manufacturers of fastener and related products. Established in 1968, NFDA has been a leader in the fastener industry for 35 years providing a strong voice for programs that benefit its members and the industry as a whole. The Association offers a full range of programs that provide members with a forum for sharing knowledge and experience, searching for solutions and networking opportunities. NFDA is based on a distinguished reputation for delivering products and services which enhance a member's competitiveness within the global marketplace.

   
401 North Michigan Avenue, Chicago, IL 60611; Phone: (877) 487-6332 or (312) 527-6671;
Fax: (312) 673-6740; E-mail: nfda@nfda-fastener.org; Website: www.nfda-fastener.org; Unsubscribe:Unsubscribe

401 North Michigan Avenue, Chicago, IL 60611; Phone: (877) 487-6332 or (312) 527-6671
Fax: (312) 673-6740; E-mail: nfda@nfda-fastener.org