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Business Intelligence: A Guide for Midsize Companies
Business intelligence (BI) is not a new concept. What’s new is that BI tools are now accessible for midsize companies. Managers can use BI to analyze complex

statistical symbols  economy. BI uses sophisticated statistical techniques to find relationships that are hidden or not obvious. It can be used to identify which factors closely relate to customer churn and attrition or which factors (such as a prospect's income, education, age, or last purchase amount) were most closely related to a successful response in a marketing campaign. Visualization Techniques A picture is worth a thousand numbers, and highly graphical techniques ' including dashboards ' strongly complement the Read More

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 pro...
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Documents related to » statistical symbols


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,

statistical symbols  Documents Forecast Accuracy , Statistical Forecasting , Forecast Accuracy Calculations , Alternate Forecast Measures , Supply Chain Forecasting , Estimation , Prediction , Accuracy Method , Business Forecasting , Econometric Forecasting , Economic Forecasting , Forecasting Adjustment . Peerless Pump has been designing, engineering and manufacturing pumps for more than 80 years. Although its first pumps were used to irrigate orange groves in California, its pumps today are used for a wide spectrum of Read More
Intuitive Manufacturing Systems Shows Maturity in Adolescent Age Part Two: Market Impact
Intuitive is one of the vendors that have long attempted to mitigate the actual and perceived barriers to enterprise resource planning (ERP) acceptance by

statistical symbols  which provides real time statistical process control (SPC) at all inspection points throughout the Intuitive ERP system, including work-in-process, purchasing, and material review and return. This module completes the Intuitive ERP quality cycle with a dynamic tool that can capture and analyze high-level data using statistical techniques to help maintain and improve the user company's process capabilities. More than just a data entry and charting tool, Intuitive's SPC module is a real time system that Read More
Managing Your Supply Chain Using Microsoft Axapta: A Book Excerpt Part Four: Guidelines and Case Studies
The lack of effective game plans is typically cited as a leading cause of poor system implementation. The following guidelines provide suggestions for improving

statistical symbols  operational excellence. Case #30: Statistical Forecasting . The Distribution company used statistical forecasting to calculate future sales demand in monthly increments based on historical data. This required historical data about previous months. In addition to shipments, the historical data included customer returns, credit memos, and selected inventory adjustments. Further refinements included the requested shipment date to give a true picture of demand patterns. Statistical forecast information was Read More
CRM, Success, and Best Practices: A Wake Up Call Part One: Searching and Establishing the Business Parameters of CRM
Customer relationship management is a sophisticated set of customer-facing tools; however, its technology has outpaced the management strategy used to implement

statistical symbols  Experience has shown and statistical research verifies that success comes when senior management is directing the effort with the right level of leadership. If the industry wants to reduce the road kill of failed projects and help user organizations get on track, it needs to adopt a new set of best practices that will lead to economic success and prosperity for the industry. This article is part of a two part series that will define the framework and rationale for such a set of best practices. This is Read More
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

statistical symbols  also be used in statistical models regarding asset degradation and predictions of capital spend requirements. By the inclusion of these outputs of an RCM analysis, asset managers can use the results with increasing confidence as predictors of whole-of-life cost profiles, and end-of-life points. Preventive Maintenance Where predictive maintenance tasks cannot be applied, for whatever reason, the next two options on either side of the decision diagram are preventive maintenance tasks. These are tasks that a Read More
ToolsGroup-Going Back to Its SCP Roots
What has ToolsGroup, the expert in demand-driven SCP, been doing to address demand and supply variability? Read P.J. Jakovljevic’s article and see how

statistical symbols  tail refers to the statistical property that a larger share of a population rests within the tail of an exponential probability distribution than observed under a “normal” (or Gaussian distribution), which is symmetrical in nature. In a vast majority of industrial sectors, planners have now to keep under control a much higher number of SKU locations, all characterized by a more volatile stochastic behavior, which is rather difficult to model. The typical “normal” (Gauss) distribution assumption Read More
Using Visibility to Manage Supply Chain Uncertainty
Technology has advanced supply chain visibility beyond mere track and trace functions. Visibility can be used to manage supply chain uncertainty, thereby

statistical symbols  mostly been replaced with statistical measurement and process control. For this reason, supply chain processes require the same kind of structured views to monitor, measure, and analyze activities within the modern supply chain that manufacturing entails to mass produce. Supply chain management (SCM) is the art and science of managing uncertainty. Supply chain visibility (SCV) provides the event level data and information required to make the concept of process control for the supply chain a reality. Read More
Analyse This
Enterprise applications have long been providing the means for businesses to collect required data and deliver it to the right people. Now that sales and

statistical symbols  scenario, marketers can invoke statistical models from within the campaign management application, score customer segments on the fly, and quickly create campaigns targeted to customer segments offering the greatest potential. Campaign management and data mining, when closely integrated, are potent tools. CRM applications are the perfect vehicle for transmitting the required knowledge to different strata of business community. New alliances are therefore predictable. More and more operational CRM Read More
SAP to Harness HANA and Mobility for the 4th Industrial Revolution
While some analysts may question the true revenue figure that can be attributed solely to SAP HANA (i.e., whether SAP is intentionally crediting HANA with

statistical symbols  level, most companies have statistical process control (SPC)/statistical quality control (SQC) capabilities that are interfaced with those of a manufacturing execution system (MES) and quality management system (QMS), and these capabilities are good enough and cheap (PC-based apps). If someone wanted massive corporate dataware, SAP HANA could be of some use. But most plant-level apps are not really that data crunching. They monitor min and max limits, and if the batch trends start to approach or exceed Read More
Knowledge Based Selections
Knowledge Based Selections allow companies to truly reach an optimum and justifiable technology decision. Knowledge Based Selections have several unique

statistical symbols  method to deliver a statistical best match between the your needs and each vendor's capabilities. Position the implementation for success The selection process that gives the implementation the best possible chance to succeed will: Enable a comprehensive and detailed exploration of the organization's needs, Provide an automated decision support framework, Leverage deep expertise to manage the overall selection process, and Deliver a sound recommendation that supports the business strategy. No 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

statistical symbols  pricing software applies advanced  statistical analytics  in several areas. For example,  DemandTec ’s Consumer Demand Management (CDM) software suite  is available in versions tailored to the needs of retailers and consumer packaged goods (CPG) manufacturers. The vendor’s applications, which include tools for managing pricing, promotions, and markdowns, leverage the following sophisticated statistical analytics methods: Demand Modeling . The CDM software uses complex  econometrics  models Read More
J.D. Edwards Finds Its Inner-Self Within Its 5th Incarnation Part 2: FOCUS Announcements Continued
While significant new product deliveries have happened under the company’s own steam, J.D. Edwards has not departed from its traditional policy of congenial

statistical symbols  intelligence, Demand Planning employs statistical and multi-dimensional data modeling capabilities to predict and plan for future product demand. Unlike many competing offerings, which typically utilize only a single, best-fit statistical model to forecast future demand, J.D. Edwards cites its Demand Planning combines statistics derived from multiple models to create a more accurate forecast for better managing seasonality, intermittent demand, unusual events, and changes in demand trends and patterns. Read More
SAS: Striving to Sustain Leadership
SAS Institute has been successful, moving beyond a business intelligence. Lately, it has lately focused on sustaining its technology leadership, expanding in

statistical symbols  applications, from geographical and statistical visualization to fraud detection and DW administration tools. Products include CRM, financial intelligence, human capital management (HCM), IT management, patent intelligence, performance management, process intelligence, risk management, scorecarding, supplier relationship management (SRM), supply chain intelligence, value chain analysis, warranty analysis, and Web analytics. SAS also provides services like consulting, technical support, and training and Read More
The Profitability Perspective: How Automated Reporting Drives Better Decisions
Driving sustainable growth requires profitability-focused planning and performance management. Most companies have some type of profitability reporting@but many

statistical symbols  And Analysis Tools , Statistical Analysis Report , Trend Analysis Report , Automated Reporting Drives , Profit Financial Reporting , Automating Reports , Automated Expense Reporting , Expense Report Software , Perspective Profit Loss , Accounting Perspective Report , Profitability Perspective Report , Report ROI Improved Decisions , Return On Investment ROI , IDC SAP . In This Special Study IDC recently completed a survey of 600 worldwide respondents on issues around profitability reporting ? enterprise Read More

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