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The Retail Battleground for Pricing Management
The imperative to respond to constantly-evolving customer requirements more efficiently is driving retailers to look at applications giants to provide

rfid pricing  and radio frequency identification (RFID). For more information, see SAP's Approach to the Retail Market . More Plans for Khimetrics Retail is one of three prominent industries being addressed with this acquisition, since SAP plans to also leverage Khimetrics' assets across other SAP solution portfolios including financial services and consumer products. Namely, both industries are currently supported by Khimetrics' solutions, since consumer packaged goods (CPG) companies use customer demand management Read More...
Radio Frequency Identification (RFID)
Radio frequency identification (RFID) criteria cover tags and storage devices, readers, wireless hubs and servers, and the middleware necessary for evaluating an RFID system deployment. RFID sys...
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Documents related to » rfid pricing


The Incredibly Shrinking Platform--and Price!
The transformation to a new supply chain technology market wave is already occurring. That’s good news for some and bad for others. This article describes the

rfid pricing  informed one of our RFID clients that we knew for several years, we informed them one day—that they would be the new masters of the universe—for awhile. Constant pursuit of better data—better intelligence—is the driver, which has been the obsession of best enterprises. But, early in the waves we also have mayhem because of various perpetrators of confusion. Marketing messages can get confused with all sorts of players getting in, trying to get a nibble of the action! And users don't really do Read More...
Taking a Lesson from Big-box Retailers: The World's Distribution Pros
The proliferation of “big box” retail outlets across the suburban landscape has been part of the retail environment for more than a decade. As population target

rfid pricing  Radio Frequency Identification (RFID) RFID is another technological innovation that has enabled retail organizations to manage their resources and improve customer service. At the retail outlet, items are tracked as they would be in the warehouse, thus improving inventory control. The receiving of inventory is another process which is conducted rapidly and efficiently through the use of RFID tags and is extended from the manufacturer to the retail distribution process right through to the POS. In-store Read More...
Retail Technology Experiments at Metro AG
Last year, I had the pleasure of attending a Canadian retail conference where I was incredibly impressed by the presentation of Dr. Gerd Wolfram, the Managing

rfid pricing  new ways of leveraging RFID applications such as RFID-enabled forklifts, Smart Shelves (verifies which goods are currently in stock), meat Smart Coolers (labeled with RFID transponders verifies freshness in packaged meat); and Smart Mirrors (gives customers a detailed explanation of the garment and provides all possible additional information about pricing, discounts, using it in combination with another goods, etc.). Another implemented innovation is one that facilitates communication. For example, Read More...
How to Select an ERP System When You’re Dead
When Nietzsche declared in 1882 that “God is dead,” I’ll bet he had no idea that ERP system vendors were already queuing up to fill the gap.He just wasn’t

rfid pricing  need some sort of RFID mechanism for the new soul transportation system—ha ha ha, remember that guy who smudged his bar code on the way up?” Enough. For those of you who aren’t dead, I offer this roadmap to follow for software selection. It’s part of a best-practice software selection manual we’re publishing in the months ahead, and I invite you to share your thoughts—leave your comments below! Phase One: Research Define your objectives Develop your business case Identify your stakeholders Read More...
RFID Basics for Retailers
Radio frequency identification (RFID) technology has retailers talking. The reason: RFID helps reduce labor and improves the ability to gather data. Retailers

rfid pricing  retailers talking. The reason: RFID helps reduce labor and improves the ability to gather data. Retailers can use this data to make positive changes to business processes, which can be tremendously advantageous for them. With careful planning, an RFID system can provide immediate benefits, as well as long-term competitive and total cost of ownership advantages. Read More...
SignalDemand: Dealing with Supply- and Demand-side Pricing Matters - Part 2
Part 1 of this blog series described the conundrum that commodity-based manufacturers encounter when it comes to determining the best price, production mix, and

rfid pricing  Dealing with Supply- and Demand-side Pricing Matters - Part 2 Part 1 of this blog series described the conundrum that commodity-based manufacturers encounter when it comes to determining the best price, production mix, and volumes . It also introduced SignalDemand, Inc., which applies math and science to the problem of price and margin optimization software for large-scale manufacturers. SignalDemand stands alone as the only provider of price management and optimization software that takes Read More...
The Art, Science & Software Behind (Optimal) Retail Pricing - Part 4
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

rfid pricing  Art, Science & Software Behind (Optimal) Retail Pricing - Part 4 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  by Revionics’ recent (and still Read More...
How to Build Pricing Muscle in Retail
Organizations usually rely on historical data and transactions to determine their pricing strategy. However, this data is typically insufficient to arrive at a

rfid pricing  to Build Pricing Muscle in Retail Organizations usually rely on historical data and transactions to determine their pricing strategy. However, this data is typically insufficient to arrive at a competitive price. Moreover, customers these days are well informed about the value of products they want to purchase. That's why organizations need to arrive at their pricing strategy only after taking into consideration external intelligence and competitive data. E-procurement systems and price comparison Read More...
Cost and Pricing Models in Food and Beverage Processing: Seeing the Forest through the Trees
Lost sight of your bottom line? Product pricing not in step with your actual costs? So busy trying to stay on top of cost behavior that you can’t keep your

rfid pricing  and Pricing Models in Food and Beverage Processing: Seeing the Forest through the Trees Lost sight of your bottom line? Product pricing not in step with your actual costs? So busy trying to stay on top of cost behavior that you can’t keep your costs under control? Cost and pricing models, as part of an enterprise resource planning (ERP) system, can help you better understand your costs. Put corrective measures into motion before problems occur—and save your food and beverage enterprise time and Read More...
ROI for RFID: A Case Study Part One: Company Background
Radio frequency identification (RFID) is the latest buzzword in the world of manufacturing and distribution technology. If you believe the press releases, it is

rfid pricing  and product platforms. Specifically, RFID tags are small integrated circuits connected to an antenna, which can respond to an interrogating RF signal with simple identifying information, or with more complex signals depending on the size of the integrated circuit. RFID has advantages over bar codes such as the ability to hold more data and to change the stored data as processing occurs. Additional benefits are that RFID does not require line-of-sight to transfer data and is very effective in harsh Read More...
The Art, Science, and Software behind (Optimal) Retail Pricing: Part 1
The “Four Ps” of marketing strategy, also known as the

rfid pricing  Art, Science, and Software behind (Optimal) Retail Pricing: Part 1 The “Four Ps” of marketing strategy, also known as the marketing mix , are basically applicable to all businesses. TEC ’s  two-part blog post series in 2008 talked about the importance of pricing management in a down economy . Price and promotion in particular are the lubricants in  retailing , although the two remaining Ps-- product and place , are indisputably important there as well. In his  guest author article in Retail Read More...
Beyond the Tag: Finding RFID Value in Manufacturing and Distribution Applications
Radio frequency identification (RFID) has been around for more than thirty years, and today’s manufacturers are using this technology to help connect trading

rfid pricing  the Tag: Finding RFID Value in Manufacturing and Distribution Applications Radio frequency identification (RFID) has been around for more than thirty years, and today’s manufacturers are using this technology to help connect trading partners and align supply chains. But just as businesses need to look beyond the manufacturing supply chain to see the benefits of investing in RFID, they need to look beyond the tag to understand how RFID will create value and provide a return on investment (ROI). Read More...
The Case for Pricing Management
Savvy and dynamically optimized pricing can mean the difference between survival and failure. In many environments it might be smarter, quicker, and more useful

rfid pricing  Case for Pricing Management Situational Analysis Enterprises have long realized the importance of improving profits by curbing upstream supply chain costs, as evidenced by an increasing strategic approach to sourcing, e-procurement, and contract or spend management over the last several years (see The Hidden Gems of the Enterprise Application Space ). However, this broad strategic approach, including education and discipline, has not been applied on the sales side. The kind of thoughtfulness recently se Read More...

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