Memphis, TN (PRWEB) March 5, 2009
Industrial Metal Cutters Supply Co. (I M C), a cutting tool distributor, recently celebrated their 50th anniversary. The company weathered turbulent market conditions by using innovative strategies, nearly tripling annual sales.
A decade ago, Mark Hill, President of I M C Supply was facing difficult times. The market was moving towards preferring single-source suppliers and the company was losing their ability to compete.
Facing possible extinction, Hill crafted an innovative solution; the creation of a single-source program. I M C launched an independent distributor alliance called 1sourcesupplies.com. The company offers cost savings that manage inventory, streamline billing and help alliance members track product usage so that critical items can be quickly replenished when inventory runs low.
The new company creates a franchise-like situation where other companies pay a flat fee of $900 per quarter and a transaction fee based on the dollar amount they bill their customers through the system. I M C has experienced impressive growth, with annual sales jumping from $3 million to $8 million.
The company has recently added staff and launched a new print catalog. The website has also been revamped to include online ordering capabilities. After establishing an account with the company, clients can quickly order on the website with a purchase order or credit card.
"In our 50 years of business, IMC Supply has always sought to offer customers innovative solutions," comments Mark Hill, President, I M C. "We are excited to grow our company and provide enhanced value to our customers."
For more information, visit http://www.imcsupply.com or call 901-345-6001.
About Industrial Metal Cutters Supply Co:
Industrial Metal Cutters Supply Co. is a wholesale MRO supplier specializing in top quality cutting tools for metal working industries throughout the Mid-South Region. The company was founded in 1959 by Henry Hill, and has earned a reputation as a solid family-owned business. I M C launched 1sourcesupplies.com in 2001 to stay competitive in the marketplace and provide value-added technical support and service to customers.