News

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, its executive information and data warehouse solution. Knowledge Management Center version 3.5 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 investment (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...

• 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
• 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.
• 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 1-800-776-7438.

About Activant / Legal & Trademark Information

###

---

Prospective customers are encouraged to fill out and submit the convenient Activant Web Contact Form.

Back to Top