Dr. Albert D. BatesAlbert D. Bates is founder and president of Profit Planning Group, a distribution consulting firm headquartered in Boulder, Colo. He is also a consultant to the National Wood Flooring Association and a regular speaker at NWFA Conventions.ManagementMake Wise Inventory Reductions to Maintain CashJuly 27, 2010ManagementBear Market: Keeping Up in a Down EconomyMay 31, 2008ManagementSteadily Improve Your Wood Flooring Business Over TimeJanuary 31, 2007ManagementCarefully Consider Price CutsMost wood flooring businesses operate under ongoing price pressures.September 30, 2006ManagementImprove Your Profit ForecastUnless the company borrows money, the only capital available for growing the business is the after-tax profit that is reinvested back in the business. For the typical company, that figure was $119,000 in 2002. When this is combined with the existing asset investment of $2,439,024, the company produces a new asset base of $2,558,024. This new figure can then support higher sales. The typical NWFA member has an asset turnover ratio of:November 30, 2003ManagementDon't Let Inventory Trap Your ProfitsSeptember 30, 2002ManagementControl Expenses to Increase ProfitsMay 31, 2002ManagementTechniques to Improve Profit MarginsDecember 31, 2001ManagementPlan for the Highest Profits PossibleDecember 31, 2000ManagementCost Cutting: Increasing Cash While Also Depressing ProfitsDecember 31, 1999Page 1 of 2Next PageTop StoriesDesignCraftsmanship Across the Globe: Introducing the Winners of the 2024 WFB Design AwardsHailing everywhere from Italy to Portugal to Cincinnati to Washington, D.C., to Brazil to Chicago (by way of Poland), the recipients of this year’s WFB Design Awards prove, through sweat and creativity, that true craftsmanship has no borders.Machines/ToolsMeet the Repairman Turning Edgers Into ArtworkContractingWhat’s Your Top Advice for When Things Get Slow?DesignWhite Oak vs. Red Oak: As Pressure Increases on White Oak, Red Oak Is a Versatile AlternativeSponsor ContentBona Traffic HD RAW® Damage Mitigation