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The Art, Science, and Software behind (Optimal) Retail Pricing: Part 1
The “Four Ps” of marketing strategy, also known as the

5 scientific methods  of living  increasing nearly 5 percent per year and  consumer spending  growing much slower than the cost of living (inflation). It’s Been Ugly out There The ongoing  recession  has been raging for well over a year, and consumer anxiety continues to increase due to record unemployment rates (over 10 percent in the US), volatile fuel prices, the well-publicized housing crisis (i.e., US home sales have potentially hit rock-bottom), and the tight credit situation. Competition is also ever more Read More
Discrete Manufacturing (ERP)
The simplified definition of enterprise resource planning (ERP) software is a set of applications that automate finance and human resources departments and help manufacturers handle jobs such as or...
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Documents related to » 5 scientific methods


Sweet Spots and What-Nots: Enterprise Management Software Vendor Provides Notable Solutions
Deltek uses a wealth of standalone and bundled modules to target various markets, including professional services firms both domestically and internationally

5 scientific methods  4 and Deltek Costpoint 5 releases have traditional client/server architecture (meaning that there is no application server in the architecture, and that reporting is embedded in the client/server runtime), the upcoming Deltek Costpoint 6 release (expected sometime in 2007) is to be almost completely developed with Java architecture to feature native Web functionality, using Deltek Costpoint 5 as the basis for functionality. The vendor is using the Enterprise JavaBeans (EJB) application programming Read More
SAP as a Retail Market Force: More Fact Than Fiction
Can SAP, a market and technology leader in business management software, translate its success in the manufacturing industry to retail? TEC principal analyst P

5 scientific methods  many standalone customers. In 2005, SAP acquired Triversity , a leading provider of point-of-sale (POS) solutions, and Khimetrics , a leading provider of price and markdown optimization and patented science-based tools, which support retailers in their efforts to influence their customer demand strategies. Khimetrics was also a player in consumer packaged goods (CPG) manufacturing too, and thus SAP could apply the acquired tools to its supply chain management (SCM) solutions. For its part, Triversity’s Read More
Data, Data Everywhere: A Special Report on Managing Information
The quantity of information in the world is soaring. Merely keeping up with, and storing new information is difficult enough. Analyzing it, to spot patterns and

5 scientific methods  far smaller amount, around 5 exabytes in 2002, because they counted only the stock of original content. What about the information that is actually consumed? Researchers at the University of California in San Diego (UCSD) examined the flow of data to American households. They found that in 2008 such households were bombarded with 3.6 zettabytes of information (or 34 gigabytes per person per day). The biggest data hogs were video games and television. In terms of bytes, written words are insignificant, Read More
ToolsGroup-Going Back to Its SCP Roots
What has ToolsGroup, the expert in demand-driven SCP, been doing to address demand and supply variability? Read P.J. Jakovljevic’s article and see how

5 scientific methods  cases (from less than 5 percent to about 25 percent, depending on the sector and business characteristics), with the rest of the SKU locations requiring much more advanced statistical modeling capabilities. For this aftermarket, probabilistic , randomized , or stochastic algorithms are more appropriate, as they determine whether a given number is prime and has a small chance of being wrong. For example, if the stock level at this location is X, then the service level (likelihood of no stockouts and Read More
Top 5 Obstacles Companies Face--and How to Overcome Them
inefficient operations; inability to support rapid growth or new markets; disjointed business processes; lack of visibility into daily operations; ...

5 scientific methods  5 Obstacles Companies Face--and How to Overcome Them Most small and midsized companies have a common set of problems that hinder productivity and growth. Is your company facing problems like these? inefficient operations inability to support rapid growth or new markets disjointed business processes lack of visibility into daily operations limited company resources Learn how to solve these problems in Top 5 Obstacles Companies Face—And How to Overcome Them . You'll discover how the right business Read More
Top 5 Mobile Security Threats
While mobile malware still accounts for a mere fraction of the millions of threats targeting personal computers, the past year has seen the explosive growth of

5 scientific methods  5 Mobile Security Threats While mobile malware still accounts for a mere fraction of the millions of threats targeting personal computers, the past year has seen the explosive growth of malicious code. What’s worse is that 50 percent of employees currently use their mobile devices at work. Early recognition of mobile security threats is a company’s best line of defense. Here are today’s top 5 mobile security threats and how to stop them in their tracks. Read More
Why Conventional Testing Methods are not Equipped to Handle Business Rules Implementations
Your competitors are adopting business rules management solutions (BRMS) to achieve agility and reduce maintenance costs. With enhanced ability to store all

5 scientific methods   Read More
5 Simple Steps to Choosing a BRMS for a Loan Origination System
Today, 70 to 80 percent of costs for processing loan applications are people-related. From a mortgage company’s perspective, this results in increased costs and

5 scientific methods  Simple Steps to Choosing a BRMS for a Loan Origination System Today, 70 to 80 percent of costs for processing loan applications are people-related. From a mortgage company’s perspective, this results in increased costs and decreased revenues. With ever-changing loan products, enterprises are forced to build or buy new loan origination systems periodically. And to meet these challenges, they’re choosing technology that focuses on solving business problems, not technical problems. Read More
5 Tips to Effective Compensation Management
Compensation management systems automate and manage the planning, modeling, budgeting, analysis, and execution of enterprise-wide compensation plans

5 scientific methods  Tips to Effective Compensation Management Compensation management systems automate and manage the planning, modeling, budgeting, analysis, and execution of enterprise-wide compensation plans. Organizations that have invested in these systems cite a number of significant benefits. This field guide will explore five critical steps to ensure that you get the most out of your compensation planning investments. Read More
The 5 Biggest Challenges When Implementing ERP for the First Time
Enterprise resource planning (ERP) systems or similar IT packages have become widely used in businesses of all sizes and types. From my understanding, small and

5 scientific methods  5 Biggest Challenges When Implementing ERP for the First Time Enterprise resource planning (ERP) systems or similar IT packages have become widely used in businesses of all sizes and types. From my understanding, small and family businesses or companies are the only ones yet to join the mainstream trend of implementing ERP software, although the vast majority of medium and lower-medium-sized companies have already performed an implementation at least once (some of them twice or even more often). But I Read More
Software Comparison in 5 Easy Steps
The latest addition to Technology Evaluation Centers’ (TEC’s) Web-based software evaluation system, TEC Advisor, is the new Express Software Comparison Report

5 scientific methods  Comparison in 5 Easy Steps The latest addition to Technology Evaluation Centers’ (TEC’s) Web-based software evaluation system, TEC Advisor, is the new Express Software Comparison Report . This report allows you to compare the strengths and weaknesses of enterprise software solutions on a functional module-by-module basis. If you’re an organization in the early stages of your software evaluation process, the “express” report is a good starting point. You’ll get the online report Read More
5 Best Practices for Managing Security on Mobile Devices
As smartphones and tablet computing devices get their foot in the enterprise door, companies are finding themselves at a much higher risk of data breach and

5 scientific methods  Best Practices for Managing Security on Mobile Devices As smartphones and tablet computing devices get their foot in the enterprise door, companies are finding themselves at a much higher risk of data breach and loss. In order to mitigate this risk, Focus Experts Amy Babinchak, Martyn Davies, Bob Egan, Rasib Hassan Khan, Josh Lipton, and Ken Wineberg offer their top 6 best practices for managing security on mobile devices. Read More
5 Keys to Converting More Leads into Sales
Marketing and sales teams have long disputed who’s responsible for converting leads into sales opportunities. Marketing argues that it has generated leads and

5 scientific methods  Keys to Converting More Leads into Sales Marketing and sales teams have long disputed who’s responsible for converting leads into sales opportunities. Marketing argues that it has generated leads and tosses them over to sales, while sales complains the leads aren’t qualified. Learn how to convert more leads into sales with five key strategies, starting with encouraging sales and marketing to work together. Better lead management means you can win more deals. Read More

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