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Software Functionality Revealed in Detail
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 science methods


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 methods  differentiate pricing. Again, pricing science is a combination of statistical and algorithmic methods that synthesize price recommendations from historical pricing and marketing data. Data-driven customer segmentation and optimization models can recommend prices that are much more profitable than those currently in market. This pricing science can be applied through analytical and execution applications, enabling smarter decisions and better execution across all business functions related to pricing. The

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Software Functionality Revealed in Detail

We’ve opened the hood on every major category of enterprise software. Learn about thousands of features and functions, and how enterprise software really works.

Get free sample report
Compare Software Solutions

Visit the TEC store to compare leading software by functionality, so that you can make accurate and informed software purchasing decisions.

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Documents related to » science methods

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 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

science methods  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

Selecting an Outsourcing Provider-Art or Science?


As there are many different categories of outsourcing services, there are also many outsourcing providers. With many different aspects to consider, how can a company ensure they have made the right choice in selecting one?

science methods  an Outsourcing Provider-Art or Science? Introduction Many companies base their outsourcing provider selection on only one aspect of the outsourcing relationship. Some decide on a perception of cultural fit and on the rapport and relationship developed during the sales cycle between the company's senior management and the outsource provider's sales representative and executive team. A number of companies drive their selection process via a checklist-driven, skill-matching process that attempts to find and Read More

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 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 by Revionics’ recent (and

science methods  master.  Thereafter, the advanced science turns imported data into useful insights via arcane methods such as attributing, consumer decision trees, econometric modeling, basket analysis,  segmentation ,  cluster analysis , forecasting, decomposition and variance analysis, and so on and so forth. DemandTec will in the future focus even more on shopper segmentation and the value of integrating marketing and merchandising strategies. With proper merchandising solutions, retailers can execute on the Read More

The 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

science methods  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 is located in Hamilton, New Zealand. It sells its software and consulting services globally.

science methods  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

Managing Risks, Managing Measures: Decision Support Methodologies in Business Part 2 : Decision Aids


Though many academic methods exist, few actually reach the audience they need to reach because of the barrier between academic and business languages, as well as the ability to produce workable and usable tools. This article summarizes what I believe are the methodologies most used in Business, and some of the tools that are commercially available.

science methods  of Manchester Institute of Science and Technology. Dr. Robins currently consults for start-up and leading edge technology organizations, related to business analytics, soft computing, CRM, Decision Support and Knowledge Management, and can be reached at esro@attbi.com . Read More

Defining Twenty-first Century Merchandising


The retail thought process has irrevocably changed. Science-supported process is now core to the merchandising discipline. However, faith in science is not always grounded in an understanding of what it can do (even for the largest retailers), leaving us with some concerns about unrealistic expectations and a backlash later in the decade. Read about the seven critical tenets for 21st-century merchandising.

science methods  discipline. However, faith in science is not always grounded in an understanding of what it can do (even for the largest retailers), leaving us with some concerns about unrealistic expectations and a backlash later in the decade. Read about the seven critical tenets for 21st-century merchandising. Read More

Why Soft-skills Simulation Makes a Hard Case for Sales Training


Many companies find that traditional sales training methods have fallen short. The competitive levels of today's business environment demand new educational methods that can deliver advantage quickly and cost effectively. But how to cut through the clutter? Book learning, seminars, and lectures alone are too static! E-learning and web-based training are often irrelevant—or just plain boring. What to do?

science methods  Soft-skills Simulation Makes a Hard Case for Sales Training Many companies find that traditional sales training methods have fallen short. The competitive levels of today's business environment demand new educational methods that can deliver advantage quickly and cost effectively. But how to cut through the clutter? Book learning, seminars, and lectures alone are too static! E-learning and web-based training are often irrelevant—or just plain boring. What to do? Read More

Winning Strategies for Industrial Equipment Manufacturing


Industrial equipment manufacturers (IEMs) have been hit especially hard by today’s economy. But the industry has come back better than ever before by adopting new efficient manufacturing methods and new software and business processes that let them compete head-on, satisfying customer demands while reducing costs and raising margins. Learn about the methods industrial equipment manufacturers are using to stay competitive.

science methods  Strategies for Industrial Equipment Manufacturing Industrial equipment manufacturers (IEMs) have been hit especially hard by today’s economy. But the industry has come back better than ever before by adopting new efficient manufacturing methods and new software and business processes that let them compete head-on, satisfying customer demands while reducing costs and raising margins. Learn about the methods industrial equipment manufacturers are using to stay competitive. Read More

Case Study: Peerless Pump


Peerless Pump has been designing, engineering, and manufacturing pumps for more than 80 years. The company was basing component stock levels on historical data, as it did not have the ability to accurately forecast customer demand. But with forecasting and demand planning software that increased forecast accuracy, the company has nearly doubled its sales over the past four years, while keeping inventory levels constant.

science methods  Study: Peerless Pump Demand Solutions Forecast Management opens up a whole new world for supply chain management - better demand planning, improved inventory planning and, ultimately, increased efficiency and profits. Source : Demand Solutions Resources Related to Case Study: Peerless Pump : Forecasting (Wikipedia) Case Study: Peerless Pump Forecast Accuracy is also known as : Forecasting , Calculating Forecast Accuracy , Demand Forecast Accuracy , Measure Forecast Accuracy , Review Forecasting Accur Read More

Ways of Finding Software Vendors: The Pro’s and Con's


So you are looking for software to support the critical functions of your company. Unfortunately, you can't go to your local Software'R'Us. This article discusses several sources and methods for identifying potential software vendors. It also examines the pro's and con's of each method.

science methods  of Finding Software Vendors: The Pro’s and Con's Introduction The most frequently asked follow-up question to my article, Software Selection: An Approach , was How do I find potential software vendors? Obviously, this is a critical question if the objective is to identify the best software solution to satisfying the business requirements of your company. The good news is that, before the Internet, you could go blind performing a search of the literature. The bad news is that, even with the Internet, Read More

The Art And Science Of IT Architecture Design


To assure flexibility and lasting value, information system designs and product selection must be guided by an architectural plan for infrastructure and applications systems. The Art of architecture design is in extracting business requirements; the Science is translating them into technology solutions.

science methods  Art And Science Of IT Architecture Design The Art And Science Of IT Architecture Design J. Dowling - June 3, 2002 Introduction   To assure flexibility and lasting value, information system designs and product selection must be guided by an architectural plan for infrastructure and applications systems. The Art of architecture design is in extracting business requirements; the Science is translating them into technology solutions. Note : This note first appeared in a column by James F. Dowling in Mid - Read More

How to Cook Up Some Marketing Mashups for Your Web Site


The prevalence of Web 2.0 demonstrates that integrating the technology used to manage Web sites is becoming easier. A similar mashup of methods for Web site marketing tools can help you measure how you communicate with customers and help deliver sales opportunities. But before you start cooking, find out how to pick the right ingredients for two simple but effective mashups for Web site subscription and content feedback.

science methods  to Cook Up Some Marketing Mashups for Your Web Site The prevalence of Web 2.0 demonstrates that integrating the technology used to manage Web sites is becoming easier. A similar mashup of methods for Web site marketing tools can help you measure how you communicate with customers and help deliver sales opportunities. But before you start cooking, find out how to pick the right ingredients for two simple but effective mashups for Web site subscription and content feedback. Read More

Recruiting Trends: 4 Methods for Finding the Right Talent


When it comes to finding the right talent, today’s organizations have plenty of options. With the increasing popularity of social networking, however, companies are moving away from traditional hiring processes and opting for more technologically driven methods. Here are four of the more popular recruiting trends and some of the vendors that offer solutions, apps, or services in each of these

science methods  Trends: 4 Methods for Finding the Right Talent When it comes to finding the right talent, today’s organizations have plenty of options. With the increasing popularity of social networking, however, companies are moving away from traditional hiring processes and opting for more technologically driven methods. Here are four of the more popular recruiting trends and some of the vendors that offer solutions, apps, or services in each of these spaces. 1. Social Media for Recruitment (Social Read More