Executive Interview with Scott Meyer, President of MEMA
Our latest edition of “Executive Interview” features Scott Meyer, outgoing chairman of the Motor and Equipment Manufacturers Association (MEMA). As he concludes his time as chairman of the association, he steps into a new role as interim president of MEMA, which is in the midst of celebrating its 100-year anniversary. Join us as Meyer shares his insights on the anniversary of MEMA’s centennial, and what lies ahead for both MEMA and the entire industry.
“DST Asks”: Adding Service/Installation as an Additional Profit Center in a Parts Enterprise
How many readers know that Starbucks, the ubiquitous coffee retailer, actually began operating as a coffee roaster in Seattle, selling bags of whole bean coffee in Pike Street Market? It took a visionary leader, Howard Schultz, coupled with an ambitious operating plan and enterprise management technology to morph the business into the worldwide coffeehouse chain and merchandising success story we see today. And this all happened in an incredibly short period of time…with growth from 17 outlets in 1987 to 7,225 outlets today. All of this was based on the simple premise, “We already have customers who buy our coffee beans — what if we brewed the coffee for them, too?” We see a similar opportunity in parts distribution.