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	<title>Comments on: More Reasons to Implement an Org-Wide Pricing Strategy</title>
	<link>http://www.bryanthompsononline.com/oracle/2006/12/15/more-reasons-to-implement-an-org-wide-pricing-strategy/</link>
	<description>A forum for sharing Oracle knowledge!</description>
	<pubDate>Tue,  6 Jan 2009 07:27:42 +0000</pubDate>
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		<title>by: Ravenor</title>
		<link>http://www.bryanthompsononline.com/oracle/2006/12/15/more-reasons-to-implement-an-org-wide-pricing-strategy/#comment-382</link>
		<pubDate>Wed, 23 May 2007 19:14:13 +0000</pubDate>
		<guid>http://www.bryanthompsononline.com/oracle/2006/12/15/more-reasons-to-implement-an-org-wide-pricing-strategy/#comment-382</guid>
					<description>I couldn't agree more with your conclusion; unfortunately many organizations see getting the details in their business systems set up properly as low priority items; and outside of accounting departments controls are seen as hindrances rather than necessary safeguards to prevent the kind of disaster you just described.

In any case the inventory management practices in this unnamed industry are bizarre and inefficient.  If &quot;emergency&quot; requests for product are a common occurrence, common sense would dictate that a vendor have some minimum stock at all times to handle &quot;emergency&quot; requests.  The practice of &quot;borrowing&quot; previously sold parts to ship to another customer pending production of another unit is a legal, accounting, and logistical nightmare.  How does the vendor keep track of &quot;borrowed&quot; parts, and &quot;temporary&quot; sales?  How do they keep track of which entity has ownership of the part in question at any given time?  What happens if the truck carrying the part crashes and destroys the part?  Which insurance company will pay for the loss in that case?

It would be nice to know what industry this is so I could either short the stocks of companies in the industry or avoid unknowingly seeking employment in this industry altogether.</description>
		<content:encoded><![CDATA[<p>I couldn&#8217;t agree more with your conclusion; unfortunately many organizations see getting the details in their business systems set up properly as low priority items; and outside of accounting departments controls are seen as hindrances rather than necessary safeguards to prevent the kind of disaster you just described.</p>
<p>In any case the inventory management practices in this unnamed industry are bizarre and inefficient.  If &#8220;emergency&#8221; requests for product are a common occurrence, common sense would dictate that a vendor have some minimum stock at all times to handle &#8220;emergency&#8221; requests.  The practice of &#8220;borrowing&#8221; previously sold parts to ship to another customer pending production of another unit is a legal, accounting, and logistical nightmare.  How does the vendor keep track of &#8220;borrowed&#8221; parts, and &#8220;temporary&#8221; sales?  How do they keep track of which entity has ownership of the part in question at any given time?  What happens if the truck carrying the part crashes and destroys the part?  Which insurance company will pay for the loss in that case?</p>
<p>It would be nice to know what industry this is so I could either short the stocks of companies in the industry or avoid unknowingly seeking employment in this industry altogether.
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