The EDI 860 transaction set represents the electronic Purchase Order Change Request. It is used by buyers to request a change to a purchase order (EDI 850) they previously submitted. The 860 can be used by buyers for confirmation on changes accepted to purchase orders by the sellers. EDI 860 is very important as it... Read more »
We were recently referred to check out a great new association for category management professionals. We spent some time on their web site and joined the organization. I must say, so far we’ve been impressed. Check out CPG Cat Net. http://www.cpgcatnet.org/ Call to action: what other category management resources do you find beneficial?
In the June issue of Consumer Goods Technology, there is a terrific success story on how data sharing and collaboration between a retailer and vendor should work. This is a must read for any retail or vendor operations, sales, or supply chain professional. Here is a clip from the article: Smart & Final offers the same… Read more »
We have been contacted by many vendors to major retailers in the past two weeks, looking for a solution to EDI 852 reporting. It’s not surprising since many major retailers send the EDI data out and simply hope vendors are able to use the data in some beneficial manor. The fact is, most vendors are… Read more »
Our President and CEO will be a featured speaker at the upcoming Trade Promotion Association event in Chicago. If your organization is concerned about trade promotion, this is a must attend event. The Trade Promotion Management Association (TPMA), is a non-profit trade association for professionals and organizations involved with trade promotion. TPMA provides members with… Read more »
Our Accelerated Analytics product was recently highlighted in the retail blog ShiSh List. We recommend taking a look at their posting as well as looking around the blog. Lots of good content on retail collaboration. Accelerated Analytics was designed and built using Microsoft SQL 2005 and ProClarity (for the non-geek that means latest great technology) for business users to… Read more »
A surprisingly large number of organizations are still using spreadsheets as the backbone of core business processes like POS data analysis, category management, and vendor collaboration. There are many reasons for this, and even for a business intelligence professional like myself, I cannot simply dismiss their use altogether. Although, it would be good for business… Read more »
Stock outs are a serious problem. Research has shown stock outs average 8%, but can be as high as 40% on promoted items. So, retailers and vendors are losing up to 40% of their potential sales on some items. The financial impact is often exasperated by an overly large order to compensate for the back-order… Read more »
Show of hands, how many of you know how to calculate price elasticity? Well, if you are like me, you know the general concept but the math is a bit rusty. So here is a quick and dirty refresher. Price elasticity is a measure of how demand for a product is influenced by price changes. This… 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 »