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Advanced Front Office Lean with Business Modeler Software
When part of an enterprise software environment, business modeler software can reduce training costs, prevent errors, and minimize non-value added work. And if

managerial economics  people in administrative and managerial roles may ask each other, their managers, or even the people who work for them, how do we open a purchase order? or what is our process for an engineering change order? Conversations like this may take 10 to 15 minutes, and might happen dozens or even hundreds of times a day, depending on the organization. Various people in the organization may have been trained to undertake these processes in a variety of ways, and employees may wind up discussing the relative 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 » managerial economics


The Economic Benefits of an Integrated Talent Management Suite
Today, many human resources (HR) organizations find themselves with a tapestry of HR systems, many of which do not work well with each other. But many

managerial economics  for both professional and managerial roles; Workforce needs-based internal sourcing and employee mobility; Employee expertise-directories and team-based collaboration; Highly scientific analysis of employee fit, high-performing work profiles, candidate analysis and leadership potential based on true performance; and, Enterprisewide workforce planning, which identifies hiring needs, expected skills gaps, expected leadership gaps, and skills and capabilities gaps matched with the business plan. If we Read More...
Inflation’s Demise: The Impact on Business Informa
Enterprise Resources Planning (ERP) business models and information systems originated in the 1970s and 1980s, an inflationary period. They addressed business

managerial economics  25 years' professional and managerial experience as both a developer and implementer of Manufacturing Execution (MES), Warehouse Management (WMS), Enterprise Resources Planning (ERP), logistics, Manufacturing Resources Planning (MRP-II) and general business accounting software. He has lived and worked in the United States, Asia and Europe, pursued advanced studies in Economics and Geography, and was a market research consultant for the first 8 years of his career. He was Certified in Production and Invent Read More...
How One Provider's Solution Covers the Bases of Price Optimization and Management
What are the solutions that enable Zilliant's customers to gain a better understanding of their markets' price response and translate this into more profitable

managerial economics  deploying them into production. Managerial dashboards summarize the price recommendations and results produced by ZPPS Optimization, since these dashboards facilitate management review by showing the aggregate impact of price recommendations and sales negotiation compliance, and offer drill-through capabilities to underlying details. The net effect of sales people complying with the optimized price recommendations is the tightening of the range of prices within each segment, and the shift of the overall d Read More...
Front-office Lean-Taking Lean Manufacturing Beyond the Shop Floor
Lean manufacturing practices are employed to some degree on almost every manufacturing floor, but many companies aren't realizing the real benefits of lean by

managerial economics  the twenty-first century, administrative, managerial, and engineering people may work at different times and in different physical locations from one another—even on different continents. So more often that not, a workflow will not follow a physical route through an office environment, but rather it will be best handled by implementing an enterprise application that can be configured to automate the lean communication process. To this end, a quality enterprise application includes a business modeler tha Read More...
BI and BPM: It’s Not as Blurry as You Think
There seems to be a blurry line between business intelligence (BI) and business performance management (BPM) applications. Some software vendors offer solutions

managerial economics  set to establish a managerial methodology to monitor and improve business processes. 2. Reactive vs. Proactive It’s evident that BI tools are reactive, while BPM tools are proactive. Here’s why: BI is focused on bringing relevant information about daily operations so managers can react and make decisions based on a specific business opportunity or risk in the daily process. BI tools are often used to analyze historical data; however, nowadays this process is evolving due to the implementation of Read More...
Thinking Radically: Interview with Gary Cokins
One of the things I love about my job is the opportunity I have to speak with great people. In this installment of Thinking Radically, I speak with Gary Cokins,

managerial economics  the integration of these managerial methodologies and their seasoning with all flavors of analytics, especially predictive analytics, the greater the power of BPM. Predictive analytics are important because organizations are shifting from managing by control and reacting to after-the-fact data toward managing with anticipatory planning so they can be proactive and make adjustments before problems arise. JG. In your opinion, what are the basic considerations for deploying BPM approaches? As I just Read More...
Measuring the TCO of Tape Storage Solutions
This tutorial presents a framework and financial methodology for deciding whether an enterprise should replace its current “status quo” tape storage solution

managerial economics  the TCO of Tape Storage Solutions This tutorial presents a framework and financial methodology for deciding whether an enterprise should replace its current “status quo” tape storage solution with a new “proposed” solution, and the economics related to that decision. Read this white paper for an analysis of the value drivers that contribute to the cost of the status quo and proposed tape storage solutions using an illustrative business case, and much more. Read More...
What if Companies Could Use Science to Align Prices to Market and Maximize Margins?
Zilliant, a data-driven, price management software provider, aims to enable business-to-business companies to optimize revenue and margins through decision

managerial economics  pricing management,price differentiation,price optimization,price segmentation,enterprise resource planning,ERP,customer relationship management,CRM,information technology,IT,advanced analytics,pricing science,business-to-consumer,B2C,business-to-business Read More...
J.D. Edwards' CEO Retires Again; This Time For Good?
Having seemingly paved a solid ground for its successor, it is likely that this time J.D. Edwards founder and CEO Ed McVaney might not have to come back from

managerial economics  his unsophisticated but effective managerial style, has never managed to create a real software powerhouse, but he leaves behind the legacy of honest rather than glitzy competitiveness. McVaney conscience may additionally be eased by the fact that under his helm J.D. Edwards has started to put its house in order. Particularly encouraging is the fact the company has recently achieved a fair balance between the product functionality scope expansion and the product architecture flexibility (see J.D. Edwards Read More...
Service Supply Chain Strategies to Increase Corporate Profitability
This article describes the unique challenges of the service supply chain, provides a framework for understanding the service management decision hierarchy, and

managerial economics  illustrates the levels of managerial decision making that we have observed in many service supply chain environments. Each of the following components corresponds to a different period of the planning horizon, over which managerial trade-offs and objectives must be considered as the relevant decisions are made. Budget Planning is in the longest decision timeframe, with a planning horizon typically measured in months or years, where decisions that determine specification of the overall service strategy are Read More...
Innovation and Change in Human Resources
Learning Review's Veronica Inoue interviewed two representatives of the Interamerican Federation of Human Resource Management Associations (Federación

managerial economics  factor. However, from a managerial science standpoint, individuals are a different subject now because they are managed differently and they are considered an economic factor. What do I mean by this? When knowledge and innovation become critical, people go from being a resource to being owners and capital. And that is somehow what is leading managerial sciences to focus more on intangibles and make leadership once again the underlying topic. Another important change is occurring, and that is that people Read More...
The Art, Science, and Software behind (Optimal) Retail Pricing: Part 1
The “Four Ps” of marketing strategy, also known as the

managerial economics  Art, Science, and Software behind (Optimal) Retail Pricing: Part 1 The “Four Ps” of marketing strategy, also known as the marketing mix , are basically applicable to all businesses. TEC ’s  two-part blog post series in 2008 talked about the importance of pricing management in a down economy . Price and promotion in particular are the lubricants in  retailing , although the two remaining Ps-- product and place , are indisputably important there as well. In his  guest author article in Retail Read More...
Payroll: The Key to Activity-based Costing for Nurseries, Farms, and Greenhouses
Find out why activity-based costing (ABC) is the best solution to define your costs, accounts, and activities. In this paper, you will learn how a payroll

managerial economics  you make more accurate managerial decisions for your agribusiness. Read More...
Making Multi-rater Feedback Work in Professional Services Firms
For many firms, continually moving people to new projects under different leaders is the only possible way to operate. The formal boss on the org chart may only

managerial economics  really a matter of managerial skill. The design of the system merely provides consistency across the organization, compliance with legal issues and hopefully a helpful framework that skilled managers appreciate. What managers need is training in how to do performance management and particularly how to make it an on-going process so that there are no surprises at the end of the year. It is up to mangers, not HR, to create a climate where honest feedback is appreciated and where employees feel that Read More...

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