Here’s one: An electrical supplies procurement planner says to the manager, “What do you like most, my new forecast, or my inventory projections?” The manager looks at all the spreadsheets and replies, “I like your sense of humor.” Unfortunately, the last two years have been one bad joke when it comes to the supply chain, […]
Somewhere in Chicagoland, there are a couple of electricians waiting for a $2 dollar bracket on a job site. And it’s costing them hundreds, if not thousands, of dollars. “This occurs on a daily basis throughout the industry,” writes Philip Nimmo in an article about procurement management for Electrical Contractor magazine. Material handling accounts for […]
When it comes to electrical jobs, every hour that an electrical contractor can save goes straight to profits. Material handling accounts for 40% of the labor on a job – so let’s start there. If you break it down in plain speak, “material handling” means ordering the items. Then, it means waiting for the items. […]
When it comes to improving profitability for electrical contractors, minimizing downtime and reducing time spent checking to see if a delivery has arrived can add up to significant savings. That’s why Paramont EO invested in a state-of-the-art delivery notification system in 2019. The family-owned, full-service supply and logistics problem-solver helps commercial contractors maximize profit by […]
Ken Gallagher listens. Based on feedback from the last 10 years, the CEO of Paramont EO has turned an electrical distributor into a full-service supply and logistics problem-solver that helps electrical contractors maximize their profit. Today, the distributor offers more than 50 time-saving services that help electrical contractors save time and money. But one of […]
Contractors work on slim margins. An electrical contractor’s average profit margin before taxes is just 6%, according to a Risk Management Associates report. For a profession that carries ample amounts of risk, single digits don’t seem sufficient. That’s why Paramont EO, an electrical distributor in Chicago, Illinois, offers an array of services, supplies and logistics […]
