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Bad Data Equals Lost Sales
By Jim Milliot
(Publishers Weekly) --
The April 7 Book Industry Study Group
half-day seminar on "Making Information Pay" drove home to publishers
the importance of providing complete data when supplying books to
retailers. In a series of
presentations filled with numbers and lists, here are some of the
highlights.
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There are some
5,627,889
titles in the B&N database, with
3,497,347
considered active and
2,130,542
inactive. Moreover, only
1,462,195
titles are actually present in the supply chain, meaning consumers
can buy them immediately, said Joe Gonnella, v-p, inventory
management and vendor relations. For the remaining
4,165,695
titles not in the supply chain, Gonnella said, B&N must tell the
customer it cannot get a new copy of the book, which often leads
that consumer to the used-book network.
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Plenty of titles
come in without all necessary elements, including a "commentary" on
what the book is about:
3,593,484
books in the B&N database are missing commentary, and
532,193
in the supply chain are without commentary.
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3,810,267
books in the database lack cover images, and
445,932
in the supply chain are missing covers. A study of online sales by
B&N found a
60.5%
increase in sales after a book posted on its site added a cover
image.
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Other items that
are frequently absent from books: BISAC subject code; ONIX audience
code; and publisher discount code.
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The lack of BISAC
codes was also one of the top 10 mistakes made by publishers,
according to Jean Srnecz, v-p of merchandising at Baker & Taylor.
Other common mistakes cited by Srnecz include children's titles with
the term "for all ages"; inconsistency in author name; "delusional"
comparison titles; and late submission of data.
The importance of
supplying correct information is not lost on publishers-about 200
people attended the April 7 meeting. No doubt many were there to learn
ways to raise their grade in supplying data to B&N; only 45 publishers
merit an "A" or "B" grade, and Gonnella noted that if a publisher
doesn't get either of those grades, "then you are failing."
Copyright © 2005 Publishers Weekly
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