The most misunderstood aspect of the FCH Sourcing Network is the SourceFinder RFQ system. To clear up the confusion, SourceFinder Inquiries are RFQs that are sent to all FCH members who are set up to receive them. They are NOT based on a member’s inventory listings. Inventory Inquiries, in contrast, are sent to an individual […]
The Fastener Distributor Index (FDI) in March asked respondents to weigh in with their feelings about operating conditions as the COVID-19 hysteria began to hit North America. With stronger than average survey participation, 62% of respondents said there would be either a minor or major shift of manufacturing back to the U.S. as a result […]
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To increase the number of sales inquires from your FCH listings, follow the lead of top performing network members. Here are a few strategies they have in common. 1. List as Much Inventory as Possible Thousands of searches per week take place on FCH Sourcing Network and on any given day there can be over […]
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Economic distress in the wake of the COVID-19 shutdown suggests deteriorating trade relations between China and the U.S. according to the newest Fastener Distributor Index (FDI) survey, completed April 3, 2020. The survey of North American privately held distributors of industrial fasteners also revealed that respondents feel the turmoil would result in only minor shifting […]
The Spring edition of Link Magazine features a story that underscores the importance of using the web and developing services as a way to insulate your company from increasing competition from marketplaces. The dreaded “Amazon effect” is the most frequently mentioned, but the field of competitors is growing as industry titans such as Grainger expand […]
Read More… from Are You Prepared to Compete Against Marketplaces?