Product recommendations and suggestive selling have been used very effectively by Amazon and reported to increase sales by up to 30%. Surprised? Here is the impact to your business - Adding one more item to 10% of the orders can increase sales by 5%!
Advances in interconnection technologies are driving an increasingly demand-driven market. Customers are learning to expect to get what they want, when they want it, how they want it. And they tell you in each and every interaction they have with your company, or not. In a demand-driven world, increasing product variation and complexity in your [...]
1. Kit
A kit is a collection of parts that are used together for some purpose — for example, all the parts needed to implement air conditioning on a particular model of a car. A kit is assigned its own part number.
2. BOM
BOM stands for bill of materials. When a customer makes a selection of choices [...]
