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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 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 methods


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 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

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...
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 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

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...
Patent Law - the Open Source Movement of the 18th Century
Recent patents issued to Amazon.com and Priceline.com on their online business methods have caught competitors by surprise. “It’s a monopoly!” they say. Of

science methods  Law - the Open Source Movement of the 18th Century Patent Law - the Open Source Movement of the 18th Century C. McNulty -May 8, 2000 Event Summary In March, Q. Todd Dickinson, Under Secretary of Commerce for Intellectual Property and Director of the United States Patent and Trademark Office, announced a new initiative to ensure that patents granted for software-implemented business methods are of the highest quality and benefit to the growing electronic commerce industry. In remarks to the San Read More...
So What's the Bottom Line on Price Segmentation?
Data-driven, science-based price management is an emerging market. Therefore, vendors should be made to prove whether and how they can enable a company to

science methods  Art of Pricing with Science , and Price Segmentation—Outlined and Explained . In general, almost every company can benefit from deploying a relevant pricing solution and from improving pricing practices. Organizations should approach the management of selling prices and increases with the same rigor they use to curb upstream supply chain and manufacturing costs. Certainly, if a company has a handful of customers and a few products only, it can probably live without sophisticated pricing management Read More...
Productivity for Software Estimators
Presently, software estimation is considered to be an art rather than a science. At the heart of this perception is the lack of understanding of the concept of

science methods  for Software Estimators Software estimation, namely, software size, effort, cost, and schedule (duration) are causing frequent, animated discussions among the community of software estimators. Normally, it is the senior project leaders and project managers who carry out this activity. Software development consists of a few disparate activities needing specialized knowledge, namely, in requirements gathering, analysis, and management; software design, coding, and independent verification and Read More...
How to Measure Customer Satisfaction
Organizations often rely on surveys and questionnaires to determine customer satisfaction ratings, but such methods merely offer a perceived customer rating

science methods  customer satisfaction,customer satisfaction survey,customer satisfaction rating,CSR,composite customer satisfaction rating,CCSR,vendor rating metric,escalation clauses,price escalation,zero defects,lines of code,LOC,function point,FP,expectation management 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,

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...
Sciforma Corporation
Based in Los Gatos, California (US), Sciforma Corporation provides project and process management software solutions and services to a worldwide customer base

science methods  Its name means the science of planning and is derived from the English word science and the Latin word forma which means plan. Sciforma develops enterprise project management software, PSNext (Web-based project management), PS8, and Project Communicator (Windows desktop-based project management), and real-world process mapping and simulation software, Sciforma Process. Sciforma Corporation has offices in the United States and an established network of international partnerships and subsidiaries to 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 methods  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...
Guidelines for Specification of Data Center Power Density
Conventional methods for specifying data center density don’t provide the guidance to assure predictable power and cooling performance for the latest IT

science methods  This paper describes the science and practical application of an improved method for the specification of power and cooling infrastructure for data centers. Introduction The specification of operating power density for data centers and server rooms is a growing challenge for IT professionals. Specifying data centers at the traditional densities of 40-80 Watts / ft² (430 - 861 Watts / m²) will result in the inability to reliably deploy the latest generations of IT equipment. Specifying data centers at 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 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...

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