Software offers access to turn and earn data.
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Press Release Summary:
Knowledge Management Center v3.5 for CommerceCenter summarizes sales, inventory, accounts receivables, accounts payables, and open orders. Executives can make forecasts, and then respond to changes in marketplace in real-time. Alerts can be set for when activity falls outside predetermined range. Users can track sales by order taker ID, view open quotes, and view turn and earn and GMROI measurements by product line, supplier, location, and company.
Original Press Release:
Prophet 21 Releases Knowledge Management Center 3.5 for CommerceCenter
Executive Information Solution Offers Easy Access to Important Turn and Earn Data
YARDLEY, PA, October 30, 2003 - Don Ireland, president of the Terre Haute, IN-based Industrial Supply Co., knows the importance of accurate, timely business information. "You can't manage a business by the seat of your pants," said Ireland. "You need real data."
With the needs of distributors like Ireland in mind, Prophet 21 has released an enhanced version of Knowledge Management Center for CommerceCenter. Version 3.5 of this executive information and data warehouse solution features easy access to turn and earn data, the ability to track sales by order taker ID, and the power to view open quotes.
Knowledge Management Center quickly summarizes sales, inventory, accounts receivables, accounts payables, and open orders, and allows distributors to set alerts whenever an activity falls outside a range the user predetermines. Executives can respond to changes in the marketplace in real time and make accurate forecasts when planning for the future, and key personnel can better manage their business objectives with access to key performance indicators.
"To stay competitive in today's economy, businesspeople must access, analyze, and respond to information in seconds," said Chuck Boyle, Prophet 21 president and CEO. "Knowledge Management Center 3.5 will help distributors make key business decisions as the market changes."
Competitive Information
Ireland is especially excited about Knowledge Management Center 3.5's easily accessible turn and earn and gross margin return on inventory (GMROI) data. "The turn and earn data is an incredibly valuable part of this solution," Ireland said. "It's information we'll use every day."
Graphs provide views of top GMROI and turn and earn percentages, helping distributors focus on what's moving. This enables distributors to optimize inventory investments by tracking fast- and slow-moving items and improving buying decisions.
Because Knowledge Management Center 3.5 also offers the ability to view turn and earn and GMROI measurements by product line, supplier, location, and company, Ireland will be able to quickly and easily gauge the profitability of individual vendors. Said Ireland: "We can use it to determine which vendors we earn money with - and which ones we need to renegotiate terms with, or eliminate."
Other features available in Knowledge Management Center 3.5 include...
o New dimensions available in Knowledge Management Center 3.5 make it easier for you to view activity and trends in different areas of your business. New dimensions include:
--Taker ID dimension: Track sales by order taker ID to help you analyze each of your salespeople's effectiveness by sales dollars and profits
--Freight dimension: Filter sales data to include or exclude freight charges to help you determine how much you - and your customers - spend on shipping
--Invoice type dimension: Filter sales data to include or exclude order, manual credit, or debit memo data
--SIC/NAICS dimension: Classify customers by SIC/NAICS code to target specific customers with specific product lines, thereby increasing the value of your marketing dollars and boosting sales
o View open quotes by customer or supplier helps managers better follow up on business opportunities, thereby increasing sales. Total profit figure and top profit percentages are now available when analyzing sales data, enabling you to sort by company, location, supplier, and product group. This helps you determine what aspects of your business are most profitable.
o Enhanced reporting capabilities make creating pivot table reports effortless. Plus, all of the charts and graphs have been overhauled to improve the users' ability to read data and view axis information.
Pricing and Availability
Knowledge Management Center version 3.5 is currently available. For additional information and pricing, please visit www.p21.com or call 1-800-PROPHET.
About Prophet 21
Since 1967, Prophet 21 has been a leader in providing durable goods distributors with innovative, adaptive solutions essential for running their businesses. With more than 2,000 customers and 75,000 users conducting over $38 billion in highly complex supply chain transactions annually, Prophet 21 is a true business partner, helping companies of all sizes leverage technologies and maintain a competitive advantage. Through its business technology and services, Prophet 21 seeks to streamline customers' business processes and reduce transaction costs to maximize profit and growth.
Prophet 21 offers enterprise software solutions that provide organizations with powerful, highly customizable applications designed to improve customer service and maximize their return on investment. In addition, the company offers an Internet trading network that streamlines the commerce process between distributors, manufacturers/suppliers, and end-users. A complete line of professional services backs all Prophet 21 solutions.
For more information about Prophet 21, please visit www.p21.com or call 1-800-PROPHET, ext. 3120.
Copyright (c) 2003 Prophet 21, Inc. All rights reserved. Prophet 21 is a registered trademark of Prophet 21, Inc. All other trademarks and registered trademarks are the property of their respective companies.
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