Printer Friendly
The Free Library
14,632,879 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Yankee Group Report Uncovers the Untapped Opportunity for Distributed Order Management -- DOM -- Technology.


Business Editors/High-Tech Writers

BOSTON--(BUSINESS WIRE)--Nov. 12, 2002

In a new report, "Unlocking the Potential for Distributed Order Management," the Yankee Group (the Yankee Group, Boston, MA, www.yankeegroup.com) A major market research, analysis and consulting firm founded in 1970 by Howard Anderson. It provides general consulting and strategic planning in the computer and communications field.  uncovers the alternative technology strategies enterprises have employed to address order visibility and control. The report shows that this is opportunity for vendors to provide a packaged solution set. Today, companies compensate for the lack of centralized cen·tral·ize  
v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es

v.tr.
1. To draw into or toward a center; consolidate.

2.
, integrated order management systems by building their own order-centric architectures, using integration technology or custom-writing order management logic. These DOM strategies are both risky and expensive, carrying a high total cost of ownership (TCO (1) (Total Cost of Ownership) The cost of using a computer. It includes the cost of the hardware, software and upgrades as well as the cost of the inhouse staff and/or consultants that provide training and technical support. See ROI. ).

"The market for packaged DOM applications is nascent because no one is offering the right solution set and architecture for managing complex orders," notes Kosin Huang, Yankee Group Business Applications & Commerce senior analyst and report author. "Companies are continuing to tackle order management problems through a myriad of homegrown home·grown  
adj.
1. Raised or grown at home.

2. Originating in or characteristic of a locality: "Rock is homegrown music in the United States, evolved from blues and country and Tin Pan Alley" 
 approaches." Huang points out that, "a successful DOM architecture should consist of four elements: a flexible business process management layer, vertical industry process templates for DOM, a robust integration framework and a unified data model with a single point of access."

The report examines the shortcomings A shortcoming is a character flaw.

Shortcomings may also be:
  • Shortcomings (SATC episode), an episode of the television series Sex and the City
 of today's order management systems and why companies continue to choose costly customized development and application integration approaches rather than investing in packaged applications. A key finding is that companies are searching for a cost-effective solution set that delivers all the necessary pieces of the DOM architecture to displace expensive DOM projects.

Upcoming Yankee Group research will quantify the DOM opportunity and develop a selection model that helps enterprises determine the best DOM technology strategy to fit their needs.

NOTE TO EDITORS

For interviews, please contact Kosin Huang at khuang@yankeegroup.com.

THE YANKEE GROUP (www.yankeegroup.com)

The Yankee Group is a global leader in technology research and consulting. Our customers, which include technology vendors and users, benefit from our accurate, reliable, and trusted research, consulting, and personalized one-to-one client interaction covering communications and IT products and services. Now in our fourth decade, the company is headquartered in Boston and maintains offices throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , Europe, Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. , and the Pacific Rim Pacific Rim, term used to describe the nations bordering the Pacific Ocean and the island countries situated in it. In the post–World War II era, the Pacific Rim has become an increasingly important and interconnected economic region. .
COPYRIGHT 2002 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2002, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:Nov 12, 2002
Words:353
Previous Article:Fortune Brands Reaffirms Earnings Guidance.
Next Article:ECOM Agroindustrial Corp. Drives Trading Efficiencies with INTTRA; Major commodities merchandiser leverages INTTRA-LINK ocean logistics execution...



Related Articles
YANKEE GROUP REPORT LOOKS AT THE EVOLVING TELECOM E-MARKETPLACE AND ITS ADAPTING BUSINESS MODEL.(Industry Trend or Event)
Siebel 7 Call Center. (Technology Highlights).
Electronic publishing expert touts her new list research service. (Online Promotion).
Yankee Group report shows search technology is a critical component of enterprise information management.(Brief Article)
New technology delivers standard API and dynamism to HTML and XHTML 1.0. (Internet Focus).( Document Object Model (DOM) Level 2 HTML )
The Mission-Critical Role of Order Management Will Increase as Outsourcing and Extended Business Models Proliferate, According to the Yankee Group.
Yankee Group Forecasts Distributed Order Management Market Will Reach $13.3 Billion by 2007.
Packaged Distributed Order Management Solutions is a $6.7 Million Market Today, Says Yankee Group.
"Hidden profits: they're closer than you think," by Rudy Lederer and Howard Siegel, Horizon Advisers.(ONLINE EXCLUSIVES FOR DECEMBER)
Sterling Commerce Cited as Leader in Order Management Evaluation by Independent Research Firm.

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles