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You’ve probably heard the 80/20 rule applied to the build versus buy decision: “If you can get 80% of the functionality you need from a packaged solution, then buy it. Otherwise, build it.” At least two decades ago, if not … Continue reading
Monthly Archives: October 2011
Lumbering Along, In Search of Profits
I realized we were in desperate times when store managers began debating whether to sell caramels at the checkout area for $.39 each, or 3/$1.00. When emails were being sent out to the district showing that one store had sold … Continue reading
Exception Based Reporting (EBR) is DEAD
After implementing supply chain and inventory management solutions with manufacturers and retailers for over 16 years, I have come to realize that there are several issues that highlight the archaic approach of exception based reporting (EBR) solutions. Fundamentally, the legacy … Continue reading
Alleviating Commodity Price Pressures with Profit Amplification
The costs of basic commodities have a far-reaching impact – beyond cost impact of buying personal staples. In 2011 we have seen extreme fluctuation in the prices of commodities and the resulting impact on the retail marketplace. Higher food/retail commodity … Continue reading