Boosts value of distributor network by making inventory available to peer members
Fairlawn, OH, April 5, 2022. Continental, a leading global supplier of industrial products and systems for the mining, construction, oil and gas, petroleum, forestry, aggregates, agriculture, food, and manufacturing industries, has partnered with WarehouseTWO to establish a new inventory-sharing program designed to benefit Continental SELECT Distributor Network members. This program allows selected distributors to buy and sell available inventory from one another in effort to improve on time performance and increase overall customer satisfaction. In addition, WarehouseTWO helps distributors to generate more sales with less inventory and prevent loss of potential sales due to out-of-stock issues.
The partnership was announced by Mike Braucher, responsible for Continental’s ContiTech Group Sector Sales in North America. Braucher noted, “We are extremely excited to partner with WarehouseTWO and provide our distributors with a valuable opportunity to increase their sales and boost their customer satisfaction. This inventory-sharing program has the ability to provide distributors with additional sales opportunities that they previously would have been unable to fulfill. It effectively expands our distributor’s inventory, helps move surplus stock, and can help sell slower moving inventory, all with the need for increasing distributors’ finished goods inventory.”
By joining the WarehouseTWO program, members of the Continental SELECT Distributor Network have the opportunity to grow their market share, turn more inquiries into orders, reduce premium freight/expedite fees, and close backorders faster.
WarehouseTWO is an internet-based “inventory-sharing” software tool created for manufacturers to protect and strengthen their networks of authorized distributors. WarehouseTWO members make their inventory data available to peer members by uploading it to the WarehouseTWO server.
Continental is one of the world’s leading industry specialists, offering proven technologies and innovations for a wide range of industrial applications. Key product offerings include conveyor belt systems, industrial and hydraulic hoses for fluid handling, belts, and belt drives systems for power transmission, as well as air springs and components for industrial equipment.
Continental develops pioneering technologies and services for sustainable and connected mobility of people and their goods. Founded in 1871, the technology company offers safe, efficient, intelligent and affordable solutions for vehicles, machines, traffic and transportation. In 2021, Continental generated sales of €33.8 billion and currently employs more than 190,000 people in 58 countries and markets. On October 8, 2021, the company celebrated its 150th anniversary.