INFORMATION technology, TECHNOLOGICAL innovations, INVENTORY control, COMPUTER software, DEPARTMENT stores, COMPUTER systems, C++, RAPID prototyping, and MANAGEMENT
The article reports on information technology (IT) implemented by Mervyn's department store to manage inventory control. The authors focus on the development of Mervyn's Planned Store Inventory (PSI) computer software system. The PSI system is designed to anticipate fluctuating sales in local markets so that inventories can be supplemented accordingly. The authors discuss the rapid development of the innovation, a process which included technological contributions from outside IT consultants. The integration of C++, a programming language used for production systems, is discussed. Updates added to the system since its development in 1994 are also mentioned. INSET: A CHRONOLOGY OF THE PSI SYSTEM.
HIGH technology industries, ECONOMIC competition, INDUSTRIAL productivity, SALES, COMPUTER industry, NEW product development, PRODUCT management, RAPID prototyping, MARKET segmentation, and INNOVATIONS in business
This article focuses on patterns of competition in the computer industry. It states that industry competition changes as the market matures. It mentions that computer manufacturers focus on innovation to try and differentiate products and manage higher sales margins. It mentions that manufacturers redoubled efforts to develop new products as industry sales growth declines, with a focus on the niche market of high-end network servers. It provides an analysis of four industry segments. It states that successful companies need not trade off between innovation and productivity. It states that there are regional differences in productivity as well as between more and less successful companies. INSET: About the research.