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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

economics words  A basic principle of economics is that a change in the price of an item will affect the demand for that item. Every item in a store has a unique  “price elasticity,”  or sensitivity in terms of the change in sales volume based on a change in that item’s price. Small decreases or increases in the prices of some items may lead to significant changes in the demand for those items, whereas larger decreases or increases in the prices of other, invariably needed, items may have little effect on demand. 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 » economics words


Ramco Ships Technology And Products. Is This The Future Of Enterprise Applications?
Ramco Systems announced the delivery of Ramco Enterprise Series Release 4.0, the newest version of its enterprise software solutions plus a custom application

economics words  claims will change the economics of application software . Instead of releasing one application suite that is intended to meet the needs of multiple industries, Ramco is providing distinct suites that are tailored to meet the specific vertical industry requirements for process manufacturing ( Ramco Enterprise: Process ), discrete manufacturing ( Ramco Enterprise: Discrete ) and asset-intensive industries ( Ramco Enterprise Asset Management ). In addition, the company delivered horizontal solutions in Read More...
What's Wrong With Enterprise Applications, And What Are Vendors Doing About It? Part Three: A New Approach and User Recommendations
Despite the user preference for a single, 'one-stop shop' vendor, componentized software products, interoperability standards and Internet technology will lead

economics words  reporting that the basic economics of application software has indeed been impacted. Of special interest are those customers who are beginning to build composite applications using existing applications, Ramco's business process component, and the technology to develop applications that run through a full business process, across multiple application products. Model Based Architecture Today, the subject of improving core product technology often arrives at a discussion of Model Based Architecture. In Read More...
From CIO to CEO?
The step from Chief Information Officer to Chief Executive Officer seems like it should be simple, but few manage to take it. Sure you’ve managed a budget

economics words  the London School of Economics iii . This survey discovered that, as a group, CIOs are not perceived by CEOs as contributing to the competitive advantage of the business. In that perspective, someone who knows how to make the infrastructure of a network sing does not automatically know how to make the business move forward. No matter what we might want to think, the perception is that understanding IT strategy does not lead to understanding the business strategy. As the follow on report states, Many Read More...
Cincom Acknowledges There Is A Composite Applications Environ-ment Out There Part Two: Challenges and User Recommendations
While the evolution strategy is safer in the short run for both the customers and the vendor, minimizing both investment and disruption, the evolutionary

economics words  Those realities included: 1. Economics Across the application life cycle, the high cost of development, support and enhancements in term of money, time and quality limit the ability of installed software to meet many demands of business (see What's Wrong with Application Software? It's the Economics ). 2. Businesses change Change is a fact of life and software must change with the business. Software must be an enabler (rather than an impediment) of business change, both during initial deployment and Read More...
Peoplefluent Acquires KZO Innovations by Bedford Funding
Peoplefluent has announced the acquisition of KZO Innovations by Bedford Funding, adding a new tool to its talent management suite. KZO video on-demand is a

economics words   Read More...
Build versus Buy - A Long Term Decision
With the software industry offering greater options and depth of function , we do not hear the idea of a company building their own software very often, but the

economics words  decision, short and long-term economics and the impact on your competitive position. All other issues can and should be related to these two issues. As a rule, if the build decision has no impact on competitive position, the realities of today's software market will lead to a buy decision due to economics. The discussion for building software always includes a list of functions that are not available in the packaged options. As discussed above, are these functions creating competitive advantage? Although Read More...
Successful Manufacturing in a Competitive Market
Order-driven manufacturers@those who engineer-to-order (ETO), assemble-to-order (ATO), and make-to-order (MTO)@face numerous challenges. To stay competitive

economics words  Diagram , Competitive Market Economics , Competitive Market Economy , Competitive Market Efficiency , Competitive Market Efficient , Competitive Market Equilibrium , Competitive Market Examples , Competitive Market Experiments , Competitive Market Forces , Competitive Market Information , Competitive Market Intelligence , Competitive Market Maker , Competitive Market Model , Competitive Market News , Competitive Market Plan , Competitive Market Position , Competitive Market Price , Competitive Market Read More...
PowerTrieve, A LEAP For CRM?
Although CRM applications, Portals, and Contact Centers are contributing to the improvement of customer relationships and the effectiveness of employees; in

economics words  A LEAP For CRM? Event Summary Although CRM applications, Portals, and Contact Centers are contributing to the improvement of customer relationships and the effectiveness of employees; in many cases they remain convoluted to users whether they are customers or company employees. Some software solution vendors have developed a noteworthy approach to alleviate those complexities using natural language recognition or LEAP (Language Enabled Application Platform). We met with one of them at the Read More...
Oracle Further Orchestrates Its SOA Forays Part Four: SOA and Web Services
The battle for the dominance in service-oriented architecture (SOA) and Web services has nonetheless so far largely been a war of words without the clear winner

economics words  Further Orchestrates Its SOA Forays Part Four: SOA and Web Services Web Services A Challenge Oracle has caught up with its competitors in terms of its platform development strategy, owing to its notable infrastructure strategy, including the Oracle Application Server 10g , and its integration set made up Oracle Integration InterConnect , Oracle BPEL Process Manager , Oracle Integration B2B , and Oracle Integration BAM , and other components. It now offers a comprehensive integration solution with Read More...
Delivering Efficiency: Business Processes, Automation, and Integration
Implementing IT solutions that fulfill all corporate requirements requires exhaustive research and analysis. But the reality is that most organizations have

economics words   Read More...
PTC Live Global 2013: All About Design for “Servitization” —Part Two
Last week on the TEC blog I talked about market shifts and technological changes that are reshaping the competitive landscape for manufacturing firms, based on

economics words  to something here. Oxford Economics ’ research indicates that by 2015, performance-based service contracts will be used by 65 percent of manufacturing. Additionally, in the next two years, 56 percent of firms will embrace remote diagnostics. The Servigistics Exchange sessions also talked about connected products that gather big data and intelligence, share data in the cloud, send data about problems, and get continual enhancements, and the Servigistics portfolio is expected to provide those solutions Read More...
Virtualization Strategy for Midsized Businesses
In these challenging times, midsized businesses need to simplify IT infrastructure and reduce costs. Yet, with diverse storage, server, and network requirements

economics words  Approach to Virtualization , Economics of Virtualization for the Midmarket , Maximizing Virtualization Performance , Virtualization Strategy Implementation , Virtual PC , Virtualization Server , Hardware Virtualization , Virtualization Application , Storage Virtualization , Virtualization Management , Data Virtualization for SMB , Network Virtualization , Best Virtualization for Mid-sized Businesses , Virtualization Benefits . Virtualization of business applications allows IT operations in companies of Read More...
APICS 2009 Convention: Day 3
Today’s general session showcased people from around the world (Mexico, China, Italy, South Africa, Poland, India, Egypt, US, etc.) and their stories about what

economics words   Read More...
Atlas Pipeline Selects IFS Applications
IFS’ win streak continued with Atlas Pipeline Mid-Continent Holdings, LLC (“Atlas Pipeline”), active in gathering and processing natural gas for transportation

economics words   Read More...

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