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5 Things I learned about Integration project while building my home

​ From my childhood I had a dream to have my own house. It should have nice surroundings, good greenery, and nice neighbors. Also, the room size will be good enough. It should have my own study room. Now I am very near to my dream and it becomes a reality. The house is being built by the builder. However, my wife and I decided to have our customized kitchen. So, the modular kitchen and on top of it granite fitting, we have decided to go by ourselves. This had teach me very important lesson about the integration project. I have listed top five lessons I have learned about the integration project. Although the pre-requisite is to hire the consultant who has prior experience of similar kind of job. 1.        Interface specification :  The first thing I faced while implementing the granite top and modular kitchen is that getting the measurement from both the team, - the carpenter team and the team who will cut, fix and set the granite. It...

Big data and commerce/eCommerce merchandising

As Craig Mundie, Senior Advisor to the CEO at Microsoft mentioned that "data are becoming new raw material about the business", the Omni-channel merchandising are making their decision based on the data and analytics helps them to predict the future demand flow. The Big data analytics are helping the merchandising decisions retailers are making every day. A few examples where data driven decision are being taken in the etail/retail space regularly. Although, business decisions are very complex and based on a lot more factors, below are the few examples where key matrices are created and helps management to take decisions. Assortment :  Keep product A, drop product B, add product C – these kind of decisions were taken based on the data and sensitivity analysis using big data frame work. Online Marketing and campaign management : Big data can analyze the sentiments of the customers based on the reviews and analyzing the social media and helps marketing team to take info...

Strategic Procurement

Contracts-Types and Features

Buy-back Contracts v Features Ø   A buy-back or return clause in the contract allows retailer to return unsold inventory up to a specified amount, at a agree-upon price. Ø   Common in book industry Ø   In auto-industry, manufacturer provides holding-cost subsidies where manufacturer gives certain amount to retailer for every unit held in the inventory over a period. v Advantages Ø   Increases the supply chain profit Ø   More order from retailers to the manufacturer v Disadvantages Ø   Buy-back is not attractive with more cost of return Ø   Retailer may exert less effort to sell Ø   Information distortion at the retailer level Revenue sharing Contracts v Features Ø   Manufacturer charges low whole sale price to retailer and shares a fraction of retailer’s revenue. Ø   Applicable in blockbuster movie rentals and movie studios for videos. v Advantages Ø   Best suited where cost of return is ...

Auction - types of auction and their characteristics

Types of Auction and the characteristics v   Ascending-bid auction (English Auction) •        Real time interactive auction •        Bidders present physically or electronically •        Seller gradually increases price- bidders drop out until one bidder remain to win the auction. v   Descending-bid auction (Dutch Auction) •        Real time interactive auction •        Bidders present physically or electronically •        Seller gradually decreases price from high value. •        The first bidder, who accepts the current price, wins the bid. •        These auctions are called Dutch auctions because flowers have long been sold in the Netherlands using this procedure v   First price sealed bid •   ...

Upgrades - Approach and best practices

Why Upgrades   Below is the list why companies go for the upgrades. The list is not exhaustive. However, it has all the major points. 1.      Product is not supported by the vendor due to higher version available in the market. To buy the support in the lower version, the corporates has to pay premium support fees. 2.      Enhanced Security features available in the higher version which is aligned with the IT Security policy of the corporate. 3.      New business features are added in the higher version. To be competitive in the market, corporate need to implement those new features of the application. 4.      The process has been improved in the new version 5.      The dependent product required higher version. Suppose, corporate is going to implement/upgrade a product. The recommended software for higher version of the product requires upgrade of the existi...