| Some of the sessions focused on looking
at data to understanding inventory, merchandising
and the buying process. The questions
posed include understanding the sales
trends - is the item standalone or does
it typically sell as part of a bundle.
Where is it selling - catalog, web, store?
What were the dollars generated versus
the cost of goods, shipping, advertising
(which media was used), insurance, warehouse
space, returns, cancels - does this item
have a net contribution to profit? What
was the goal for the merchandise?
Other questions were around the subject
of catalogs - do you need them anymore?
The point was made that a catalog will
often get 30 minutes of time from a browsing
customer where the website would rarely
or never get that much time/focus from
a customer. What does it take to get conversation
- Not everyone who gets a catalog is a
good customer! Can you get a postcard
to a customer and invite them to the website
where they can browse and order a catalog
for some money which would be refunded
using a coupon at order time - thus only
customers who are in a buying cycle would
be getting a catalog.
The conference featured several social
events - the fund raising poker tournament,
and a Luau evening complete with Hawaiian
costumed dancers. There was a game show
"Are you smarter than an Ecometrist".
Hosted by Todd Misemer where you could
show off your Ecometry knowledge.
MB Foster was a conference sponsor, for
those that visited us in our booth, they
learnt of our Ecometry DataMarts and ODS
(Operational Data Store) and how it can
be used by every level of the organization
to make corporate dashboards and measure
KPI's (Key Performance Indicators).
We also discussed risk mitigation, strategies
and our migration approach with several
customers that are expecting to transition
this year. As leading experts in surround
code migrations we were happy to help
define the road to success.
MB Foster also featured a special promotion
for its MBF Scheduler for Windows solution
- designed to help customers automate
tasks easily on the Windows servers.
Finally, MB Foster gave away an iPad2
3G with Wi-Fi. The winner was Kim Wittig
of Wayside Technologies. |