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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

science mathematics  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...
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 » science mathematics


Increasing the Value of Your Enterprise Through Improved Supply Chain Decisions Part 3: Conclusion
There remains no shortage of experts and solutions that purport to have the keys to improving your supply chain. However, executives who bear bottom line

science mathematics  flexibility 1 . The science of strategic cost and opportunity analysis rationalizes product and market mix with the possible combinations of facilities and equipment. This helps to determine supply chain flexibility and to produce opportunities for increasing return on net assets, and freeing working capital. Decisions to share planning information among nodes in a value network drive fixed time constraints in the supply chains of which you are a part. Elimination of latency through visibility of requirem 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 mathematics  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...
Product Lifecycle Management Challenges: From Solution Evaluation to Kickoff
In future, companies will be releasing products practically every other day, due to fierce global competition, and the significance of product lifecycle

science mathematics  the Department of Computer Science of Sri Krishnadevaraya University. He obtained his MCA from Madurai Kamaraj University (India). He has done his PhD on the analysis of algorithms for fiber optic network servers from Sri Krishnadevaraya University (India). He is coordinator of ongoing research work to build a modern generalized framework for integrating any CAD, ERP, or SCM system with modern PLM systems in Sri Krishnadevaraya University, and has published four papers in various Indian and international Read More...
Got BI? Now You Need to Hire a Data Geek. Here’s What to Look For.
According to a poll conducted by KDnuggets, salaries in the analytics and data mining space are up in 2011. While there is no direct proof that the data

science mathematics  strong background in computer science is essential. Dealing with information is not easy. The data geek needs to be able to collect the data, which in many cases involves knowing about databases, some networking, and Web programming technologies (XML, HTML, etc.), for a start. Statistics and mathematics are part of the game. Your data geek needs to know statistics inside out and backwards, and the software for manipulating them to develop an analysis. Data visualization is key. You need data visualization Read More...
The Complex Handling of Complexity in Decision Support Systems
Warren Weaver, an American mathematician known for his work on machine translation and his support for science in the United States, defined the complexity of a

science mathematics  and his support for science in the United States, defined the complexity of a system as “the degree of difficulty in predicting the properties of the system if the properties of the system’s parts are given.” Weaver addressed and handled complexity by dividing it in two general types: disorganized and organized. In disorganized complexity, a system has a very large number of parts (millions or more). So, because of its nature, the interaction between these parts can be treated only using Read More...
Infor’s Acquisition of PeopleAnswers Foregrounds Big Data Behavioral Analysis of Employees
Infor has announced the acquisition of PeopleAnswers, a company specializing in predictive talent analytics. PeopleAnswers’ application maps the behavioral DNA

science mathematics  big data and behavioral science that delivers a patented, cloud-based product available in 16 languages that has become the gold standard for hiring best practices. This appears to be a solution that would work very well with workforce management, where reducing turnover and maximizing employee efficiency are major concerns. Using tools such as PeopleAnswers invites ethical and regulatory constraints that would prevent the profiling of individuals who do not possess certain “desirable” traits by the Read More...
Engineering and Architecture
The engineering and architecture (also known as civil engineering) industry deals with the planning, design, and maintenance of physical structures including

science mathematics  on the advancement of science and technology. Facing economic and technological waves together with shifting market demands, today’s engineering and architecture firms need to address the following trends or challenges in order to be successful in their business practices. Read More...
Pricing Management Vendor Must Show Proven Payback from Clients
Vendavo’s recent growth is due to its reseller partnership with SAP, and the segmentation and optimization functionalities of its pricing solutions. But the

science mathematics  suite now combines pricing science (see Advancing the Art of Pricing with Science ), pricing best practices, and enterprise-class software to drive incremental improvements in average prices at every stage of the pricing process, from segmentation to deal close. At the starting block for identifying pricing opportunities is Vendavo Dynamic Segmentation , a module that enables fine-grained pricing. Initial customer segmentation is done via new, sophisticated data mining capabilities; then, users can Read More...
Cooling Strategies for IT Wiring Closets and Small Rooms
Cooling for IT wiring closets is rarely planned and often only implemented after failures or overheating occur. Specifications for cooling IT wiring closets

science mathematics  and more. Discover the science and practical application of cooling strategies. Read More...
EduNeering
UL EduNeering (www.ULEduNeering.com) is part of UL, Inc., a global independent safety science company offering expertise across five key strategic businesses

science mathematics  a global independent safety science company offering expertise across five key strategic businesses: Product Safety, Environment, Life & Health, Knowledge Services and Verification Services. UL EduNeering develops technology-enabled knowledge solutions for improving business performance and assuring regulatory compliance. For more than 30 years, the company has served corporate and government customers in the Life Science, Health Care, Energy and Industrial sectors using proprietary learning management Read More...
PROS to Embed SAP HANA with Its Big Data Sales App
For a long time, PROS Inc. was a prominent pricing management software provider for both business-to-consumer (B2C) and business-to-business (B2B) industries

science mathematics  prescriptive analytics and data science to help customers identify sales opportunities, develop offers, and set prices. PROS has announced that it has signed an  original equipment manufacturer (OEM) agreement with SAP  to embed the SAP HANA platform with its big data apps. SAP HANA is a real-time in-memory database platform that streamlines analytics, planning, predictive, and sentiment assessments to allow business to operate in real time. SAP and PROS have had an interesting (maybe even tricky) Read More...
Science, Data, and Social at Heart of New IBM Smarter Workforce/Kenexa Talent Suite
During the IBM Connect 2014 conference, which took place recently in Orlando, Florida, IBM launched its Smarter Workforce program, combining the HCM abilities

science mathematics  IBM’s talent offering incorporates science in three main ways: the science of selecting the right people based on profiles of individuals that are likely to drive success in an organization—as part of assessment packages scientific-based portfolio of skill profiles—embedded into the suite so that talent management and business processes are directly connected to the skills that an organization needs the science behind motivation and engagement—mangers can get immediate feedback from surveys that Read More...
Real-time In-memory Technologies Do Not Make Data Warehousing Obsolete
The benefits of well thought-out architecture for designing and implementing large-scale DW environments are well-documented. Perhaps the best known of the DW

science mathematics  and true experimental (data science) analyses can now be performed with ease, and an increase in productivity and agility and flexibility of overall BI deployments is the result. Learn more in this white paper authored by one of the co-developers of the corporate information factory DW architecture. Read More...
The Art, Science & Software Behind (Optimal) Retail Pricing - Part 3
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 mathematics  Art, Science & Software Behind (Optimal) Retail Pricing - Part 3 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 series, which focuses on the complexity of  pricing  and  promotions  in  retailing , was inspired by  JDA Software ’s recent “edu-nouncement” on leading retailers' consumer-centric pricing and promotions strategies  and  Revionics ’ recent (and still Read More...

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