Insights

Pricing

Do You Have a Pricing Opportunity?

Understanding if you have a pricing problem When we engage with retail prospects for our services, the first thing I usually ask is, “Are you setting prices in a spreadsheet?”  If the answer is yes, likely you are experiencing challenges with your ERP or Host Merchandising system that were insurmountable and lead you to externalizing...
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Pricing

How Do You Get a Pricing Project Started?

Navigating a Pricing Project If you’ve done your homework and are confident you have a pricing opportunity, it’s time to start thinking about a project.  Depending on what you’re doing, the project could be extensive or it could be a quick hit.  We’ll cover scoping the project in the next articles, but first some things...
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Pricing

How Do You Implement a Pricing Service

Centralized pricing service In our consulting practice, we speak to many different retailers about their pricing needs.  Recently, the requests we have fielded are trending towards what I would term a centralized pricing service.  For many years across all industries the trend has been towards specialized services and we seem to have hit that point...
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Pricing

Why is Pricing Excellence Important?

The Need for Better Pricing One of our customers eloquently said “If it ain’t broke, fix it anyway.”  She was talking about pricing.  She had inherited a pricing process from a former colleague that had to leave suddenly and had to get up to speed quickly.  The process worked, but it was terribly inefficient and...
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S&OP

Microsoft Fabric: A Good Tool for S&OP

As discussed in previous articles, Sales and Operations Planning (S&OP) is a critical process for aligning supply chain operations with business goals. Many companies rely on third party S&OP solutions like Blue Yonder, Kinaxis, or o9 Solutions. However, as data pipeline tools become simpler to build and use, organizations may benefit from a custom-built approach....
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Replenishment

Choosing the Right Replenishment Software

Contrasting BlueYonder, Kinaxis, and o9 Solutions for Replenishment Planning Software Selecting the right software for replenishment planning can significantly impact a company’s supply chain efficiency, cost management, and customer satisfaction. At K3, we focus on 3 leading software providers—BlueYonder, Kinaxis, and o9 Solutions.  Here we will contrast their unique approaches and algorithms to handle various...
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Replenishment

Scoping a Replenishment Planning Project

Key Topics Checklist To ensure a successful replenishment planning project, it's essential to address several critical topics before starting the implementation during the scoping phase. This is the process we use at K3 to drill into details that will drive an implementation.  Each section below provides a brief description and a list of key points...
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Replenishment

Case Study: Near Realtime Replenishment Planning

Case Study: Replenishment Planning for a Distributor with a Complex Network In this case study, we explore how we helped a distributor that manages extensive inventory across a vast network improve their replenishment planning process. While the company was good at filling orders, they knew there was a better approach that could fill orders quicker,...
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Choosing the Right Software Solution for Your S&OP Process
S&OP

Choosing the Right Software Solution for Your S&OP Process

Evaluate the Alternatives and Make the Best Choice Possible for Your Organization Sales and Operations Planning (S&OP) is an essential business process that aligns demand, supply, and financial planning to achieve a company’s strategic goals. To implement an effective S&OP process, organizations need robust software solutions that provide visibility, collaboration, and advanced analytics capabilities. Several...
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Scenario Planning in S&OP
S&OP

Scenario Planning in S&OP

Preparing for Market Uncertainties In a world where market conditions can change overnight, businesses must be prepared to navigate uncertainty. This is where scenario planning becomes a crucial component of the Sales and Operations Planning (S&OP) process. Scenario planning allows organizations to model different potential futures and develop strategies to respond effectively to unexpected events....
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