Part 1 of this blog post series expanded on some of TEC’s earlier articles about companies’ need for better pricing management and optimization practices. This series, which focuses on the complexity of pricing and promotions in retailing, was inspired by JDA Software’s recent “edu-nouncement” on leading retailers’ consumer-centric pricing and promotions strategies and Revionics’ recent (and still ongoing) educational series of Web-seminars.

Part 2 of this blog post series analyzed some common retailers’ practices and explained some of the frequently used vernacular. Then the post went into the building blocks of pricing optimization, starting with setting optimal initial (everyday or base) prices.

Part 3 of this blog post series will analyze the two other building blocks of pricing optimization: promotions and markdowns. Then, the article will go into the next generation of pricing optimization according to JDA: “Lifetime Pricing.” (more…)

Part 1 of this blog post series talked about my attendance at the APICS 2009 International Conference in Toronto (Canada) in early October. I attended only a few education sessions, as my visit focused more on exploring the expo floor and talking to the exhibitors.

My overwhelming impression from the conference’s expo floor was that the main value propositions this year revolved around the flavors of demand management, most notably sales and operations Planning (S&OP). This made me think about the reasons for the concept’s (and accompanying software solutions’) renaissance in light of its existence of a few decades.

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I analyzed the profile of business users who visit our Web site to create mixed-mode ERP selection projects, and examined how that profile has changed over time (more…)

No matter who can be credited with making this statement, I have to thank him or her. This statement allows people to apply lean principles in broader circumstances than manufacturing. Following this idea, I’d like to define lean product development (LPD) as this: LPD is focused on developing more products better and with use of fewer resources. To be more specific, LPD contains the following three major elements, in my view: (more…)

According to Weber, there are three types of authority: (more…)

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In order to do that, I have selected our Mixed-mode Enterprise Resource Planning (ERP) Evaluation Center because it has functionality from ERP for discrete, ERP for process, and ERP for engineer-to-order (ETO) manufacturing. (more…)

During the process of building the request for proposal (RFP) template for fashion product lifecycle management (PLM), I spent some time talking with some relatively large fashion goods manufacturers and retailers to gain a better understanding of how the fashion business runs. As I learned more, I realized that the conflict between the two major driving forces (pushing and pulling) behind fashion products is causing frustration, unachievable sales targets, and missed sales opportunities. Let me explain these two forces briefly. (more…)

I thought I would start by imagining a conversation about imaginary analysts, between two imaginary people, in an imaginary kitchen of an imaginary company: (more…)

In broadcasting, only a few people are interviewed, and the answers are edited. On our blog, everyone can leave a comment—we will not change or edit what you say (although our moderators will remove comments that are abusive). That being said, here’s your first assignment: (more…)

But lately, the two competitors that had long looked at Manhattan from behind, RedPrairie Corporation and JDA Software, have been posting much more upbeat news in terms of growth in contrast to Manhattan’s declining revenues. Part 2 analyzed some possible reasons behind that occurrence and focused on RedPrairie’s track record.

Part 3 analyzed the current market dynamics in the retail sector, and explained the ongoing resurgence of JDA Software.

Part 4 of this blog post series will conclude with predictions about what’s in store (no pun intended) for all three renowned SCM vendors. (more…)

While my colleagues Khudsiya Quadri and Gabriel Georghiu diligently attended numerous conference sessions and reported their impressions of each convention day (Day 1, Day 2, Day 3, and Day 4), my much shorter attendance of the APICS 2009 International Conference in Toronto (Canada) in early October revolved mainly around exploring the expo floor and talking to the exhibitors. My overwhelming impression from the conference’s expo floor was that the main value propositions this year revolved around the flavors of demand management.

This was not too terribly surprising, given that the past two years have dispelled any doubts about the advantages of managing demand effectively. First, as an overture to the recession, companies and consumers were battered by a sharp rise in energy costs (especially crude oil), which resulted in sky-rocketing transportation costs and reduced margins.

Then, when the recession came in earnest, they were hit by the precipitous economic downturn, which resulted in an almost unprecedented drop-off in demand (and fuel prices). Many companies were “left holding the baby,” i.e., their hedge transportation contracts that once seemed to be a smart strategy of locking carrier price and capacity.

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To recap Part 1: due to the phenomenon of the “cross-elasticity” of demand, retailers may want to consider whether promoting an item would result in increased sales volume and, if so, whether that increase would represent incremental revenue or merely cannibalize sales of other items. Retailers have to be able to compare items on promotion against the entire department, product category, and subcategory. (more…)

The general consensus was that, while it isn’t mainstream, the AS/400 is alive and well. Unfortunately, our commenters say, many system administrators haven’t kept up to date with new technologies, creating the perception that the AS/400 is an obsolete, or at least “vintage” system.

“We’ll get onto a 20 or 40 year old elevator without a second thought, or a 20 or 40 year old air plane,” said one reader, “but when it comes to information technology there is this myth that old is no longer viable.”

According to the experts in our audience, the truth is that, when properly updated, the AS/400 is a reliable workhorse that provides all of the functionality of modern tier-1 systems, and requires far fewer resources to support and maintain. Its age is simply not an issue.

So what do you think? Is newer necessarily better? Is your company still getting tier-1 performance out of “vintage” systems?

Let us know in the comments.