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Product Data Questions Answered: ACES and PIES Data, Is There An Auto Parts Fitment Database, Automotive Part Numbers
Aftermarket Analysis, Market ResearchThe automotive aftermarket discusses ACES and PIES data standards a lot. Here we define the ACES and PIES product data standards, and reveal how many aftermarket part numbers exist.Note: for more information on PIES data and how it affects…

How to Calculate Gross Profit Margin Return on Investment (GMROI) to Manage Inventory
Marketing ArticlesLearn calculate GMROI (Gross Margin Return on Investment) in Excel. The Turn Earn Index and GMROI formula are two simple ways to help manage your inventory and run your business. Need to know the GMROI formula? Read on! GMROI formula definition: GMROI…

Stages of Business Growth: Learn the Growth Stages of a Company
Marketing ArticlesLearn the stages of business growth The stages of business growth tend to be similar for many growing businesses. As a business grows, it goes through distinct stages of growth. These stages have unique characteristics and challenges. They…

How An Increase in Sale Price or Decrease in Sale Price Affects Gross Profit vs. Unit Sales
Marketing Articles Calculate the impact of price increase on gross profit If you want to increase gross margin with an increase in sale price, you need to know how gross profit is calculated. Assuming a drop in unit sales, how many unit sales are needed to…

What is the Rule of Three in Marketing: Market Share and Market Dynamics
Market Research, Marketing ArticlesWhat is the Rule of Three in marketing? It explains why some companies thrive and dominate their market segment, only to later become an afterthought. Market dynamics and the Rule of Three explains how some companies succeed and some…

Learn How To Do 80/20 Analysis in Excel to Analyze your Business
Marketing ArticlesLearn how to do 80-20 analysis in Excel, and use the 80-20 principle to manage your business, reduce costs and increase your profits.You've probably heard about Pareto's Law or the 80-20 principle. Although...most people only understand…