The coming changes to mobile location services will be highly disruptive to advertising and promotions, payments and relationships. For two key reasons. Every product or brand is going to become a lot more invested at POS (think supermarkets and how they will change promotion practices when they know where you are in the aisle) and the relationship (and product loyalty details) they have with the customer's pocket. While the mobile device in your pocket is already encouraging retailers to augment the in-store experience it is rapidly going to redefine profit centers. My theory is - it will have a radical impact on how supermarkets and consumer product companies work together and more broadly all suppliers to retailers.<br><br>Pricing. POS systems generally offer a variety of ways to keep track of pricing, including add-on amounts, percentage of cost, margin percentage and custom formulas. For example, if you provide volume discounts, you can set up multiple prices for each item.<img class='alignleft' style='float:left;margin-right:10px;' src='http://www.12manage.com/images/picture_porter_value_chain.gif' width='264' alt='what is inventory management meaning'/><br><br>In the example above, we use the following formula: (On Hand Inventory + Purchase Order Receipt) - (Unshipped Customer Orders + Forecast) = Net Inventory. Notice what happens in Week 6. The Net Inventory is negative, projecting <a href="http://www.confianzit.com/cit-blog/openerp-inventory-management-software/">open source warehouse management</a> that we will be out of inventory. In this case, you should expedite <a href="http://www.confianzit.com/cit-blog/openerp-inventory-management-software/">inventory management open source</a> the Purchase Order Receipt that is scheduled for week 7. Ideally, it should arrive in week 5 or 6, depending on your desired Safety Stock level.<br><br>The blueprint for success is Integrated Inventory Management. This methodology provides a vehicle that helps arrive at the right decisions about what to buy, when to buy it, what to keep in stock and what to eliminate. It provides a disciplined process that effectively controls storeroom investment and associated inventory costs while maintaining an acceptable level of service.<br><br>Excess inventory - the quantity and associated dollar value of active, automatically replenished storeroom inventory that exceeds maximum projected inventory levels based on current ordering parameters; in simplest terms, it is the level of on-hand inventory above the maximum quantity.<br>