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Migration to SAP from U2 Causes Bankruptcy of Company

Jewelry retailer Shane Co. attributed its bankruptcy partly to a new inventory-management system that cost four times as much as expected and led it to overstock.

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Release Date: Thursday, January 15, 2009

Jewelry retailer Shane Co. attributed its bankruptcy partly to a new inventory-management system that cost four times as much as expected and led it to overstock, according to documents filed by the Centennial-based company...The final blow to the company was a point-of-sale and inventory management system purchased from business-software giant SAP for $8 million to $10 million, which ended up costing $36 million and took three times as long to implement. In the meantime, because it did not work entirely, the system did not provide accurate inventory numbers and led to the chain being substantially overstocked in the fall of 2007. "

The abbreviated backstory is that the Shane Co ran software in the early 1980's on Prime Information. When Prime went out of business in 1988, they ported their system to Universe . The Shane Co spent many years developing extending those and other applications in BASIC. This software ran their business successfully for over many many years. Management made the decision to go the SAP from Universe and the result, as they say, was catastrophic.

Original article posted at:
http://www.denverpost.com/search/ci_11446814

 

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About UniVerse

Fast, flexible data management and app development for your enterprise

Rocket UniVerse, a component of the MultiValue application platform, is a fast, flexible data server for developing enterprise apps. Its variable length, table-within-table architecture means speedy data access and low maintenance with user interfaces for Windows, Linux, and UNIX. Deployable to the cloud or on-premises, thousands of customers globally depend on UniVerse to run their businesses.

Performance to spare

  • Extremely flexible data structures with high-performance data access, storage, and resource management capabilities
  • Industry-proven design with direct read capability means fewer I/O operations and faster access to data
  • Dynamically allocates available resource to maximize processing throughput of available resources

UniVerse makes it easy for them to build for your success

Powerful, easy-to-use programming languages with standard supplied interfaces (.NET, Java, ODBC, JDBC, RESTful with JSON) enable your programmers to become immediately productive in this fast environment.

Efficiency and speed to market mean faster returns on your investment

  • Does not require a large administrative or programming staff to implement, operate, or maintain
  • Accelerates the time to value for applications, and provides exceptional short- and long-term ROI
  • Includes multiple programming languages, including Python, with multiple interfaces for your tiered architecture so you can pick and choose the best development solutions based upon your staffs capabilities
  • Secure and auditable

    • SSL/TLS secures connections to the data server, in addition to securing data in transit from snooping or eavesdropping.
    • Automatic data encryption makes it easy to adhere to the highest security standards, protecting data at rest on the disk.
      • Only trusted users with the encryption key can view data, and stolen data is rendered useless without the encryption key.
      • Access is granted at the user or group level via role-based security, reducing the time required for DBA maintenance.

    For more information, visit http:/​/​www.rocketsoftware.com/​products/​rocket-​universe

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