A lot of merchants commonly mix up operating expenses and capital expenses. While the two relate in some areas, these two represent totally different things. An operating expense (OPEX) is an expense required for the day-to-day functioning of a business. On the other hand, a capital expense (CAPEX) is an expense a business incurs to... Read more »
A picture truly is worth a thousand words…especially when you are analyzing data. Which would you rather have? A spreadsheet with a thousand SKU’s showing sales and gross margins or a picture that instantly tells the story? If you have spent hours analyzing data in Excel, you probably have a strong preference. When we work… Read more »
The perfect order is a very useful measuring stick for the retailer and manufacturer to measure performance. According to AMR Research, “the perfect order is the ability to produce orders that are complete, accurate, and on time.” Research estimates a 3% improvement in perfect order performance will increase profits by 1%. Elements of the perfect… Read more »
Many times, when I talk to retailers about sharing data with vendors, I hear some version of “Well they are not asking for it,” or “only if they can show me how they will use it.” It reminds me of the classic quandary…Which came first, the chicken or the egg? Or in this context… which… Read more »
The benefits of optimizing the retail supply chain using better demand planning and collaboration with suppliers are well documented. Studies of retailers by the Harvard Business, Grocery Manufacturers Association, National Retail Federation (NRF), and AMR Research show results of 15% less inventory, 17% better perfect order performance and 35% shorter cash-to-cash cycles. Documented benefits… Read more »
Hello. Nearly three years ago I started a technology service organization called Accelerated Analytics (www.acceleratedanalytics.com) with a simple mission….help organizations better use the data they have in their computer systems to drive business success. To accomplish this objective, I designed and am currently seeking a patent on a software application, for retailers to send point of sale… Read more »