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The Art, Science & Software Behind (Optimal) Retail Pricing - Part 4
Part 1 of this blog post series expanded on some of TEC’s earlier articles about companies’ need for better pricing management and optimization practices. This

science daily  and comprehensiveness of the science and technology needed to manage large data sets, model consumer demand accurately, and optimize pricing and other merchandising and marketing decisions is crucial. To enable (and complement) its pricing science, DemandTec and Revionics must provide the following technical capabilities and tools: Data Processing . The vendors receive and processe terabytes of customer data. This information is provided by retailers, CPG companies and syndicated data providers on a Read More...
Merchandising Systems
Merchandising systems are the enterprise back and front-office software solutions upon which the majority of retailers rely to manage and support their daily tasks. These systems typically record p...
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Documents related to » science daily


SignalDemand: Dealing with Supply- and Demand-side Pricing Matters - Part 2
Part 1 of this blog series described the conundrum that commodity-based manufacturers encounter when it comes to determining the best price, production mix, and

science daily  pending patents. This sophisticated science drives the recommendations provided by the software application. When making decisions on margins, the idea here is to account for all major profit drivers, such as to align strategic business objectives with pricing decisions; understand demand drivers to forecast future sales; account for fluctuating costs; on the supply side, account for asset utilization, available capacity, and inventory situation; and determine the most profitable product mix for a given Read More...
Electronics and High-tech Components
The electronics and high-tech components industry goes through changes and innovations on just about a daily basis. Today@s advances in design become tomorrow@s

science daily  and High-tech Components The electronics and high-tech components industry goes through changes and innovations on just about a daily basis. Today’s advances in design become tomorrow’s new products. Throughout the industry, the underlying issue that drives profitability is time-to-market for new products. With this issue also comes the need for near-to-perfect supply chain visibly (in order to respond to changes in demand), and the need to react to price changes (in order to remain Read More...
What Plant-level Systems Can Do for the Enterprise Market
To gain the competitive edge, enterprises are seeking tools to break information silos. Collaborative planning and manufacturing has given plant-level systems a

science daily  information. In the life science industries, plant-level applications can confirm US Food & Drug Administration (FDA) regulatory compliance. In discrete manufacturing industries, the primary source for product genealogy information, including component sourcing, QA confirmation, and product run-in test data, also resides in these applications. This is Part Three of a three-part note. Part One discussed the plant-level situation. Part Two discussed the obstacles to overcome and current developments. Read More...
A CFO's Guide For Managing IT
In the post Y2K era, many companies have turned to the CFO to oversee the IT function with the CIO or head of IT reporting to the CFO. IT may look

science daily  Food, Chemical and Life Science CIO Forums found at www.foodcioforum.com , www.chemcioforum.com , and www.lifesciencecioforum.com . Read More...
How to Increase Profits with Timesheet Software
To manage any resource, one must first see it clearly by tracking it carefully. Hence, time tracking should be a fundamental part of any business. Certainly

science daily  to Increase Profits with Timesheet Software How To Increase Profits With Timesheet Software If you receive errors when attempting to view this white paper, please install the latest version of Adobe Reader. Journyx, the leader in web-based time & expense tracking solutions, is a privately held company located in Austin, Texas. In addition to cutting-edge software applications, Journyx offers a full range of professional services as well as application hosting. Source : Journyx Resources Related to T Read More...
Lean Manufacturing Training: A Project Approach
Manufacturers who are seeking government funding for the introduction of lean manufacturing principles in their daily work environment encounter specific

science daily  Manufacturing Training: A Project Approach Manufacturers who are seeking government funding for the introduction of lean manufacturing principles in their daily work environment encounter specific challenges. This white paper addresses lean training issues common to automotive production suppliers of component parts and sub assemblies. Read More...
Retail Merchandising: Merchandising Systems Competitor Analysis Report
Merchandising systems are the enterprise back and front-office software solutions upon which the majority of retailers rely to manage and support their daily

science daily  Merchandising: Merchandising Systems Competitor Analysis Report Merchandising systems are the enterprise back and front-office software solutions upon which the majority of retailers rely to manage and support their daily tasks. These systems typically record product performance, which allows buyers to purchase merchandise according to that information and to make accurate merchandise decisions. Moreover, retail systems have capabilities for tracking inventory, capturing sales data, and managing Read More...
Maintenance Scheduling 101
Many organizations have tried to address their maintenance scheduling woes by introducing new and sometimes very advanced technologies. The reality is that

science daily  Scheduling 101 Maintenance Scheduling 101 Featured Author - Lorne MacDonald, PopWare Inc. - January 29, 2005 Introduction I've read and seen a lot of material about advanced maintenance scheduling techniques, but the reality is that most maintenance people are still struggling with the basics. As a former operations/maintenance coordinator who was sick and tired of operating in a reactive, firefighting mode, I understood the potential benefits of proper maintenance scheduling—the challenge Read More...
Agile ERP Vendor Ditches a Microsoft Dynamics CRM Alliance for, well, its own CRM Solution (Part I)
Writing about failed partnerships in the enterprise applications market is like writing about the sun setting in the evening and to the west, given almost daily

science daily  ERP Vendor Ditches a Microsoft Dynamics CRM Alliance for, well, its own CRM Solution (Part I) Writing about failed partnerships in the enterprise applications market is like writing about the sun setting in the evening and to the west, given almost daily occurrences of vendors announcing alliances that never materialize. However, it doesn't happen every day that a potential high-profile alliance gets called off at the 11th hour and in favor of an overlooked in-house solution. The protagonist of the st Read More...
The Art, Science, and Software behind (Optimal) Retail Pricing: Part 1
The “Four Ps” of marketing strategy, also known as the

science daily  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...
11Ants Analytics
11Ants Analytics builds predictive analytics software for used in business, science, and government. 11Ants Analytics data lab and software development team

science daily  for used in business, science, and government. 11Ants Analytics data lab and software development team is located in Hamilton, New Zealand. It sells its software and consulting services globally. Read More...
Podcast: Interview with Apprenda CEO Sinclair Schuller
Software vendor Apprenda started by helping organizations solve an important issue: moving on-premise applications to the cloud and converting them into

science daily  a dual bachelor of science in computer science and mathematics from the Rensselaer Polytechnic Institute. Prior to co-founding Apprenda, Mr. Schuller held positions at Morgan Stanley, Eden Communications, and the State University of New York. Listen to the interesting ideas shared by Mr. Schuller about the cloud and SaaS computing spaces. I welcome your thoughts—please leave a comment below, and I’ll respond as soon as I can. Read More...
Advancing the Art of Pricing with Science
Companies in search of a better, more precise method to determine the best prices for their products and to meet their margins, should harness statistical

science daily  Art of Pricing with Science Originally Posted - May 23, 2007 Though companies recognize the need for a better way to manage their pricing strategies, many continue to lose money by using archaic pricing methods. But there is a new approach beginning to surface in the market of price management. Science-based software can be leveraged to help companies create more accurate and complete pricing strategies in order to meet their margins. To learn more, please see Know Thy Market Segment's Price Response . Read More...

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