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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.
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 statistical 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

statistical methods  are situations in which statistical methods are believed to generally work well. The method uses statistical techniques (generally regression models) to analyze actual sales or offer transactions to obtain estimates of price response across segments, and price elasticity within them. These methods are widely employed and, if well designed and executed, can be successful at extracting measures of price responsiveness from other factors that influence customers' purchase behaviors. One may refer to the use

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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.

Compare Now

Business Intelligence (BI)

Business intelligence (BI) and performance management applications enable real-time, interactive access, analysis, and manipulation of mission-critical corporate information. These applications provide users with valuable insights into key operating information to quickly identify business problems and opportunities. Users are able to access and leverage vast amounts of information to analyze relationships and understand trends that ultimately support business decisions. These tools prevent the potential loss of knowledge within the enterprise that results from massive information accumulation that is not readily accessible or in a usable form. It is an umbrella term that ties together other closely related data disciplines including data mining, statistical analysis, forecasting, and decision support. 

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Documents related to » statistical methods

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.

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Teknetix Selects InfinityQS ProFicient


InfinityQS International, Inc., a provider of real-time manufacturing intelligence (MI) and enterprise quality software, today announced that Teknetix, Inc. has selected InfinityQS ProFicient to implement process control and statistical process control (SPC) methodologies to improve product quality. Based in Parkersburg, West Virginia, with a 60,000-square-foot facility, Teknetix is a provider of

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Intentia Floats Vaporware Agent to Replace Business Planning


Intentia announces an intelligent negotiating agent for its enterprise resource planning software.

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Asset Data for Accurate Lifecycle Management


Among the areas where modern enterprise asset management (EAM) systems provide substantial benefits is the driving out of inefficiencies in business processes. This is why the development of effective maintenance policies is generally the foremost consideration for modern asset managers.

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Teradata Introduces Aster Discovery Platform 5.10


Teradata recently announced a new version of its Aster Discovery Platform, which contains important enhancements to the existing functionality set, aiming to deal with the analysis of big data. The Teradata Aster Discovery Platform addresses the issues associated with an organization's big data analytics requirements and aims to reduce the difficulties associated with deploying and managing big

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Lean Operational Improvements That Last From Islands of Improvement to Enterprise-wide Excellence


Many discrete manufacturers have adopted lean manufacturing approaches, but haven’t pursued lean improvement methods. Even those that have report only small, local benefits. A holistic approach is needed to see the long-term benefits of lean. To find out if your company is ready to make lean improvements, you need to ask key questions. Discover what they are, and how to start down the path to leaner manufacturing.

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Why Conventional Testing Methods are not Equipped to Handle Business Rules Implementations


Your competitors are adopting business rules management solutions (BRMS) to achieve agility and reduce maintenance costs. With enhanced ability to store all business rules in one central location, enterprises have a unique opportunity to use non-conventional methods to test these rules, as well as their interactions with each other—without tying up their mission-critical software.

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Business Solutions of the Future


The future is tomorrow’s present. Many have tried to predict it using silly or scientific methods, from chiromancy (palm reading), aleuromancy (fortune cookies), and other -mancies, to the three Ps (possible, probable, and preferable futures) and a W (or wildcard—low-probability events with a high impact on the future) used in futurology. Without trying to create a “CRMorology” or

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Time Tracking and Attendance Primer: Beyond the Clock


Punch clocks, clock card machines, Bundy clocks, time recorders. Most organizations are opting for newer methods to track their employees’ time and attendance. Today’s time tracking technology is not just about capturing hours—it’s about where those hours are allocated and how productive they are. TEC analyst Sherry Fox reviews some of the key features of current time tracking software and highlights some popular vendors.

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New Web Threats in 2009


The new web-borne threats attacking business networks are more intense and sophisticated than ever. Methods using rich media, web 2.0 collaboration tools, and a host of other technologies expose networks to a new breed of web security threats. Find out what the latest web security threats are, including the risks and business impact these threats represent, and understand the advantages of hosted security solutions.

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