“DST Asks” Parts Distributors: Which Features of a Computerized Business Management System are Most Useful to Your Business?
Our youngest readers may not be able to remember that there was a time before remote control technology when changing the channel on your television actually required getting up off the couch and making the long walk over to it. “Channel surfing” only existed when you could get one of your kids to sit next to the TV and turn the dial for you. Life was brutal then.
Myers Industries Reports Fourth Quarter and Fiscal Year 2003 Results
Myers Industries announced net sales of $176,507,020 for the fourth quarter of 2003, the highest of any quarter in the company’s history. This is an increase of 11 percent from $159,331,205 reported in 2002. Net income was $4,350,446, an increase of 8 percent from $4,044,157 for the fourth quarter of 2002. Net income per share was 14 cents, an increase of 8 percent from 13 cents earned in the fourth quarter of 2002. Favorable foreign currency translation accounted for $7.4 million of the sales increase but did not have a material impact on net income for the quarter.
Congressional Support for Right to Repair Act Growing
Momentum is building on Capitol Hill for the Motor Vehicle Owners’ Right to Repair Act. A total of 80 Congressman have signed on as sponsors to HR 2735, according to AAIA. Among the growing number of sponsors lining up behind sponsors Reps. Joe Barton (R-Texas), and Edolphus Towns (D-NY), are 13 members of The House Committee on Energy and Commerce. Consideration by this committee will be a critical first stop toward obtaining enactment.
Two Off-Road Organizations Promise to Add Excitement to the 2004 SEMA Spring Expo
The Off-Road Business Association (ORBA) and the United Rockcrawling & Off-Road Challenge (UROC) will participate in the annual SEMA Spring Expo, which is slated to take place March 5-6 at the Indiana Convention Center in Indianapolis. According to Peter MacGillivray, vice president of marketing and communications for SEMA, ORBA and UROC will bring the excitement of the rapidly growing off-road sports scene to the annual SEMA Spring Expo.
Cavanaugh Named Assistant Treasurer at Goodyear
Goodyear Tire & Rubber has named John Cavanaugh assistant treasurer. Cavanaugh joined Goodyear in July 2003 as director, treasury. Prior to that, he had been director of capital markets for Visteon. Cavanaugh joined the autoparts maker in June 2000 as manager of cash and pension investments. He worked at Kmart Corp. in financial analysis and treasury from 1998 to 2000.
AMN Perspectives by Thomas Group: Experience at Work
In our last article we talked about inventory management as a trade-off. In most organizations there are conflicting inputs from various departments that affect inventory decisions: finance wants low inventory levels to minimize working capital costs; sales and marketing wants high inventory levels to ensure excellent customer service; production wants long-term planning with low flexibility to create high production efficiencies. Logistics wants to minimize transportation, handling and inventory holding costs.
“DST Asks”: What Do You Look For In a Computerized Business Management System?
Technology is breaking down the barriers that once hindered our ability to process and share information efficiently. As our industry taps into the power of new technologies, those businesses that adopt and embrace them sooner rather than later will realize new efficiencies and bottom-line improvements while simultaneously setting the revised standards of successful business operation. Those standards will be the benchmarks of competitive advantage that will steer the future of the industry.
AAIA Hosts District Meeting With Md. Rep. Van Hollen
On Friday, Jan. 30, AAIA played host to U.S. Rep. Christopher Van Hollen (D-Md.). Like all in-district congressional meetings, this event was designed to educate the congressman about the size, scope and importance of the aftermarket — nationally, in Maryland, as well as in his home district. Nearly half of AAIA’s staff resides in Van Hollen’s 8th district and the association headquarters office is located in the district.
Asbestos Bill Headed for Showdown
Senate Judiciary Committee Chairman Orrin Hatch (R-Utah), has acknowledged that asbestos litigation reform legislation (S1125) as currently drafted is unlikely to gain the necessary 60 votes required to end debate in the Senate. The legislation is a priority of Majority Leader Bill Frist (R-Tenn.), and he is working with high-ranking Democrats in an attempt to develop a compromise bill that will draw the necessary votes to overcome the expected filibuster. Key to the discussion is the amount of money contained in a trust fund to pay claims as well as the size of individual claims.
Taking Action on AHPs
The Association Health Plan (AHP) Coalition, made up of more than 150 associations including AAIA, is getting geared up for its second session. In order to raise the visibility of Association Health Plans in the Senate, a letter was sent to Senate Majority Leader Bill Frist (R-Tenn.), copying members of the Senate Uninsured Taskforce, asking him to include AHPs in any uninsured legislation he introduces.