Experience a webinar on the revolutionary concept of PromoStandards Product Pricing & Configuration

Insights from the video:

Industry Impact and Future Vision

🌍 The hackathon aims to gather judges with various skill sets, including both technical and non-technical backgrounds, to provide a wide perspective and exposure to what's happening in the industry.

💡 "These standards are not developed for current capabilities, but for setting up the industry and the standard set four or five years down the road."

📚 The webinar serves as a valuable reference point for those facing challenges in implementing the revolutionary concept of PromoStandards Product Pricing & Configuration.

📝 PromoCenters has evolved over the years by implementing various avenues for feedback and review, such as Slack, to ensure continuous improvement and member engagement.

💡 The development of PromoStandards Product Pricing & Configuration was influenced by the need to bridge the gap between order conversion and order-level charges. Flexibility and Standardization

💡 The PromoStandards Product Pricing & Configuration concept allows for different sets of products to be available based on the location and currency, providing flexibility for businesses.

💡 "This would be considered PPC 2.0 on steroids in terms of availability, making it easier to build a library or database of supplier product locations without the need for a full PPC response."

🔄 The PromoStandards is designed to be flexible and support different pricing approaches, allowing suppliers to run their business as they see fit.

💰 Standardization of pricing algorithms and quick response times from suppliers are key improvements needed in the PromoStandards Product Pricing & Configuration concept.

🌐 The standard for product pricing and configuration should be flexible enough to accommodate both simple pricing options and wild variations, providing escape mechanisms for suppliers who want to offer more complex choices.

Summary

The key idea of the video is to introduce and promote the concept of PromoStandards Product Pricing & Configuration, emphasizing collaboration, industry-leading standards, and improving customer experience in the promotional products industry.

📢 00:00 The webinar discusses the concept of PromoStandards Product Pricing & Configuration, emphasizing collaboration, industry-leading standards, and improving customer experience, with upcoming events including a hackathon and Tech Summit in St Pete.

• The speaker plans to discuss a new topic using Google slides, despite not wanting to surprise the audience.
• The webinar discusses the concept of PromoStandards Product Pricing & Configuration, with a focus on explaining PPC and future improvements.
• The speaker discusses the importance of understanding the mission statement of PromoStandards, which aims to collaborate and create industry-leading open standards to improve customer experience and execute digital strategies.
• The Pro Center hackathon is happening with six competing teams, offering prizes and recognition, and the presentations will be judged by industry professionals with different skill sets.
• Registration for the second annual Tech Summit in St Pete will be open soon, and attendees are advised to book their hotel early.
• The webinar will feature educational content, roundtable sessions, keynote speakers, and networking opportunities to connect all sides of the supply chain and focus on implementation and business development.

📺 10:13 The webinar explains the revolutionary concept of PromoStandards Product Pricing & Configuration (PPC), simplifying pricing in the industry and setting industry standards for future development, with a focus on fob points and collaboration among distributors, service providers, and suppliers.

• The speaker simplifies the concept of PromoStandards Product Pricing & Configuration (PPC) by breaking it down into its simplest form and applying a business case on top of it.
• PPC 1.0 simplifies product pricing and configuration by focusing on the basics, setting industry standards for future transformation and development.
• PromoStandards Product Pricing & Configuration is a revolutionary concept that simplifies pricing in the industry, and the webinar serves as a reference point for understanding its complexities.
• PromoStandards Product Pricing & Configuration is a collaborative effort that includes input from distributors, service providers, and suppliers, with a focus on representing all sizes of firms, and the process has matured over the years with avenues for feedback and review.
• PPC has five functions, including the Lion's Share, and there are four helper functions that set you up for success and make implementation easier, but some of them may be redundant in the future.
• The speaker discusses the importance of fob points in promo standards, as they determine the location of goods and impact pricing, shipping, currency, and language considerations for suppliers.

📺 18:34 The webinar explains the implementation and practical application of decoration colors for different products, with a focus on automating color selection for decoration availability.

• The majority of usage for localization in the web world is in en US, with some support for French, so it is recommended to use these as default values when making requests to suppliers.
• Know the available products and fob points for different regions, such as pcna in the US and Canada, and use the git config method to retrieve currency and fob points infrequently for suppliers.
• The purpose of the webinar is to explain the concept of PromoStandards Product Pricing & Configuration, specifically focusing on the implementation and practical application of decoration colors for different products.
• Passing in a product ID allows users to retrieve color limitations for a black t-shirt, which is useful for automating color selection for decoration availability.

📺 22:52 The webinar explains the concept of PromoStandards Product Pricing & Configuration, focusing on the structure and implementation of the product selection engine and how to build pricing based on different part configurations.

• PPC 2.0 on steroids, the service provides location and charge information for products, making the main call less cumbersome and frequent.
• The webinar explains the concept of PromoStandards Product Pricing & Configuration, focusing on the structure and implementation of the product selection engine and how to build pricing based on different part configurations.
• The debate in promo standards is whether pricing is additive or based on a blank slate, and the committee will provide clarification, but ultimately the standard is flexible to support both approaches, and configuration involves assembling decorations, locations, colors, and charges based on the initial product selection.
• Know which supplier endpoint supports which fob IDs and use the helper function to call the fob service and get the fop IDs and price types for implementation.
• Most suppliers support customer pricing, which is a variation of net pricing, and if a customer does not have customer pricing on a product, they will receive the net price.
• Configuration types are decorated and the request for PromoStandards Product Pricing & Configuration includes an optional part ID to break down and limit large payloads.

📝 29:42 The webinar discusses the structure and importance of PromoStandards Product Pricing & Configuration, using examples of tote bags and emphasizing the use of location IDs and porchless false value.

• Be specific and concise in your responses to questions in the Q&A section before moving on to the next one.
• Fobs are a legal term referring to the transfer of goods, with many US suppliers using fob points in Toronto to ship goods and improve their distribution network.
• The structure of PromoStandards Product Pricing & Configuration (PPC) consists of two sides: products with parts, prices, and location IDs, and locations with decorations charges and prices.
• The transcript discusses the structure of a product response, highlighting the importance of the part array and location array in the admission response.
• The speaker explains the concept of PromoStandards Product Pricing & Configuration, using the example of a tote bag with different colors and sizes, and discusses how to assign unique descriptions and part groups to each variation.
• The speaker explains the concept of PromoStandards Product Pricing & Configuration, emphasizing the importance of using location IDs and the porchless false value to simplify the combination of configurations.

📺 36:46 The webinar discusses the revolutionary concept of PromoStandards Product Pricing & Configuration, highlighting the challenges and deficiencies, as well as the importance of starting with a basic product and gradually scaling up.

• The speaker explains the concept of PromoStandards Product Pricing & Configuration, specifically discussing the options for decoration locations and methods on a bag, including default values and lead times.
• The speaker explains the charges and pricing structure for silk screen setup, including the application of charges for different locations and colors, and the effective date of the pricing.
• The webinar discusses the concept of PromoStandards Product Pricing & Configuration, emphasizing the importance of starting with a basic product and gradually scaling up to more complex ones, while also highlighting the simplicity and effectiveness of the multi-level product structure.
• The biggest challenge in implementing PPC is the interpretation of pricing specifications by different suppliers, especially regarding measurement and there were no best practices in the beginning, but configuration is easier and caching your own data is advised.
• The speaker discusses the challenges and deficiencies of the PromoStandards Product Pricing & Configuration, such as inconsistencies, difficulties in specifying prices for embroidery, and the lack of a standard for the industry.
• Exposing complex information to users in a user-friendly way is a challenging task in the revolutionary concept of PromoStandards Product Pricing & Configuration.

📝 47:26 The standards committee is working on improving pricing and configuration in the promotional products industry, including addressing communication issues, standardizing algorithms, and developing a quoting engine, with the goal of simplifying the process while allowing for customization.

• The standards committee is working on finding solutions for communicating contract decoration pricing, normalizing kit pricing, and effectively communicating art files needed for promo and configuration.
• The speaker discusses the importance of understanding colorways, embroidery file formats, and decoration in order to improve pricing and configuration, and mentions the need to address the gap between order conversion and communication of charges unrelated to the product.
• Standardization of pricing algorithms and quick supplier responses are desired for live data provision, along with the ability to narrow down product options based on various factors, leading to closer integration with the PO spec and the implementation of a quoting engine.
• Development of PPC2 is currently in progress, with services such as order management and order status being worked on, and the goal is to have a skeleton visual ready for review by the board members at the upcoming tech summit.
• Use the customer-specific field in the request to show charges only to certain customers, and the reorder process is simplified by storing a configuration ID for quick reference.
• The speaker discusses the need for the industry to find ways to model the behavior of end users and salespeople in order to simplify the complex process of product pricing and configuration, while also allowing for customization and flexibility.

📅 56:59 Register for hackathon presentations, check out new agenda for tech Summits, book hotel, and provide feedback on standard estimates; feedback is important for Community Driven effort of PromoStandards Product Pricing & Configuration, addressing issues every third Tuesday of the month.

• Register for the hackathon presentations on Friday, check out the new agenda for the tech Summits, book your hotel, and provide feedback on standard estimates.
• Feedback is important for the Community Driven effort of PromoStandards Product Pricing & Configuration, and they aim to address issues efficiently every third Tuesday of the month.