Use the Product Ranking program to analyze the activity of a product, including dynamic kits, in each branch of your company. Product Ranking is used to compare the activity of a product against all other products within the same price line, a group of price lines, or all price lines. Product ranking is a way to label all your products as to their relative impact to sales, inventory, and purchasing activities. Product ranking is calculated by the system based on the parameters set. For more a breakdown of the parameters in the system, see Product Ranking Method and Breakpoint Rules .
When you run the ranking program, the system sorts the products according to the ranking method and then ranks the products according to the percentages defined as the ranking breakpoints. The system makes a pass through each branch for each ranking method and populates the Rank Maintenance information for each product based on the parameters you define. Adjust product ranks in Rank Maintenance in Product Maintenance, if needed. You can also relabel rank IDs, if needed depending on your business needs.
Note: The product ranking program updates records for only active branches. If the system finds a record for an inactive branch, then the system deletes that record.
A product has an X ranking in the following circumstances:
The product is a kit (not a dynamic kit). The true rank value is at the products that make up the kit.
The product has been set for deletion.
The product has a product status of MiscChrg.
The product has been set for purging.
The product is a non-stock and the Product Ranking program excluded non-stocks from the ranking process.
The Product Ranking program, in conjunction with the Update Demand program, provides tools to help you decide how best to price your products. Using a matrix cell, you can detail product pricing based on product velocity.
Important: Due to lengthy run times, we recommend updating demand and updating product ranking on different days. |
This section discusses the following topics:
See Also: