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Software Functionality Revealed in Detail
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 profit optimization


Less Stock, More Profit: Inventory Optimization
Inventory optimization is the area where most enterprise resource planning (ERP) software implementations get the highest and fastest return on investment (ROI)

profit optimization  huge impact on the profit and loss of an organization. Forecasting becomes critical, but the more complex the supply chain, the more difficult it is to achieve accurate forecasting. Fifty years ago, companies focused on making distribution and manufacturing more efficient because everything purchased or made could be sold. Today the picture is different. In many cases, production is much greater than demand and the customer has taken control of the supply chain. This is why companies need a very agile

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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

Demand Management RFI/RFP Template

Promotion Planning, Pricing and Profit Optimization, Forecasting, Merchandise Planning, Life Cycle Planning, Consensus Planning,Collaborative Planning, Sales and Operations Planning (S&OP), Vendor Managed Inventory (VMI) Replenishment, Event Planning, Metrics and Reporting, Demand Management Systems Architecture, Product Technology  

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Documents related to » profit optimization

Profit Optimization - Can We Possibly Argue With The Objective?


The "why" of Profit Optimization is easy? The objective is to increase profits and we can all agree on that objective. The "how" of Profit Optimization is not so easy. The seemingly simple solutions are dependent upon each other and many more variables. Profit Optimization is not a simple objective; it is a very complex objective.

profit optimization  Argue With The Objective? Profit Optimization - Can We Possibly Argue With The Objective? Featured Author - Olin Thompson - August 11, 2003 Introduction Profit Optimization's objective is to maximize profits and the term has become a popular buzzword. Its very title speaks to an objective that every business can agree upon. Looking at a variety of sources, we see that this one topic is, like many buzzwords, really a collection of ideas with various vendors using the buzzword to sell a variety of Read More

Provider of B2B Price Management and Optimization Speaks Out


In addition to growing at a breakneck pace for the last few years, Vendavo has recently rounded out its suite for price and margin management. The market should take notice, while the competition should indeed watch out.

profit optimization  the purpose of stopping profit leakages. The Vendavo Price Manager module offers price setting and policy guidance to enable more profitable decision making, with the aim of consistent direction and control of prices and policies across the entire business (including business units, product lines, market segments, geographies, channels, and so on). The goal may be price maximization, but nonetheless, enterprises must first focus on establishing a clearer rationale as to why price elements are set in Read More

Revionics Making Retail Merchandizing Optimization Social


In November 2012, Revionics, Inc., a cloud-based provider of merchandise optimization solutions, acquired SkuLoop, a provider of social commerce-driven promotions for retailers and consumer brands, from GIIV, Inc. Revionics’ solutions use predictive analytics and demand-based science to help retailers obtain the best results across all touchpoints in the multi-channel shopping realm—online, in

profit optimization  activity while increasing net profit margins. General benefits include increased loyalty, new customer acquisition, higher share of wallet (SoW), better cross-channel experience, and unlocking new value between the retailer and customer. Enter Revionics Social Commerce This acquisition extends Revionics’ optimization solutions with the addition of Revionics Social Commerce, the first social marketing platform to deliver optimized, one-to-one incentives and rewards to targeted loyal advocates and fans. Read More

How Much Supply Chain Optimization Do We Really Need? - Part 2


Part 1 of this blog series introduced the concept of (Rapid) Response Management in the realm of supply chain management (SCM) via a software category pioneer, Kinaxis. The currently bullish Kinaxis has a number of customers that are SAP ERP customers too, and for a long time SAP was at first dismissive (or at least ambivalent) regarding the need for Response Management, as the company had its own

profit optimization  areas such as S&OP, profit and loss (P&L) scenario simulations, workforce management (WFM) scenarios, project management (as to avoid costly contractual penalties), etc. RapidRasponse is currently more flexible than its APS competitors in user interaction with the user interface (UI) and in utilizing the various decision-support functionalities. When one speaks with multiple Kinaxis users, they all indicate that the application is easy to use and grasp, and provides lots of flexibility in methods to Read More

SAP to Acquire Inventory Optimization Vendor SmartOps


SAP announced on Friday evening its intention to (finally) acquire SmartOps, a move much anticipated for some time. The most enduring mystery about this is not that it happened, or why, but why SAP waited so long to make the move. SmartOps had established a leading position in the inventory optimization space, and had obviously formed a very close relationship with SAP, who realized long ago

profit optimization  to Acquire Inventory Optimization Vendor SmartOps SAP  announced on Friday evening its intention to (finally) acquire SmartOps , a move much anticipated for some time. The most enduring mystery about this is not that it happened, or why, but why SAP waited so long to make the move. SmartOps had established a leading position in the inventory optimization space, and had obviously formed a very close relationship with SAP, who realized long ago that SmartOps fulfilled a very real supplementary inventory Read More

Accelerating Cloud Performance with WAN Optimization


Today’s smart chief information officers (CIOs) are assessing their workloads against business needs and analyzing where each should run—locally or in the public cloud. Read on to learn about the benefits of cloud computing, and why its success or failure is often dependent on wide-area network (WAN) optimization.

profit optimization  Cloud Performance with WAN Optimization Today’s smart chief information officers (CIOs) are assessing their workloads against business needs and analyzing where each should run—locally or in the public cloud. Read on to learn about the benefits of cloud computing, and why its success or failure is often dependent on wide-area network (WAN) optimization. Read More

Practices for Selecting WAN Optimization Solutions: Benchmarking Performance ROI


As businesses become increasingly dependent on the effective delivery of IT services over global networks, technologies that optimize application performance over wide area networks (WANs) become more competitive. But how do you know which WAN to choose when there are so many solutions on the market? By learning about WAN best practices and principles, and by making comparative evaluations of competing vendors’ offerings.

profit optimization  for Selecting WAN Optimization Solutions: Benchmarking Performance ROI As businesses become increasingly dependent on the effective delivery of IT services over global networks, technologies that optimize application performance over wide area networks (WANs) become more competitive. But how do you know which WAN to choose when there are so many solutions on the market? By learning about WAN best practices and principles, and by making comparative evaluations of competing vendors’ offerings. Read More

Contact Optimization for Direct Marketers


In today’s complex, ever-evolving marketplace, the need to integrate marketing processes and channels has never been more apparent. Marketers are looking to maximize the value of each customer interaction, both inbound and outbound. Customer analytics is a critical function in leading this change. Find out how embracing analytics can help you evaluate campaigns, drive contact strategies, and enhance customer experience.

profit optimization  Optimization for Direct Marketers In today’s complex, ever-evolving marketplace, the need to integrate marketing processes and channels has never been more apparent. Marketers are looking to maximize the value of each customer interaction, both inbound and outbound. Customer analytics is a critical function in leading this change. Find out how embracing analytics can help you evaluate campaigns, drive contact strategies, and enhance customer experience. Read More

Accelerating Cloud Performance with WAN Optimization


InAccelerating Cloud Performance with WAN Optimization, you'll learn about the key benefits of cloud computing and why its success or failure can d...

profit optimization  Cloud Performance with WAN Optimization Accelerating Cloud Performance with WAN Optimization Cloud computing is rapidly transforming the information technology (IT) landscape, and it's here to stay. Smart companies are assessing their computing needs to determine how to most effectively take advantage of cloud technologies. But a major drawback can be slow application performance on the cloud. Which is where WAN optimization comes in. In Accelerating Cloud Performance with WAN Optimization , Read More

Using Inventory Optimization to Reduce Inventory Levels in a Lean Environment


Small and medium businesses (SMB) need to address inventory challenges by using a tightly integrated approach that reflects the dynamics of the extended supply chain. Data must also be available to other application modules within the enterprise resource planning (ERP) system. An inventory optimization solution allows companies to effectively fulfill demand and identify how to gain additional profits from their inventories.

profit optimization  customer servicing and improved profits by providing superior inventory that optimizes stocking levels. Inventory Optimization that aggregates & analyzes inventory to support lean manufacturing principles enabling more accurate forecasting at product component levels. Source : SYSPRO Resources Related to Reduce Inventory Levels in a Lean Environment : Lean Manufacturing (Wikipedia) Using Inventory Optimization to Reduce Inventory Levels in a Lean Environment Lean is also known as : Lean , Lean Read More

Resource Planning and Optimization for Broadcasters and Their Production Companies


The media industry is undergoing radical and rapid change driven by liberalization, privatization, and digitization. Broadcasting is no longer highly regulated, but is ever more dynamic and competitive—and the logistical challenges of production planning for TV and radio ever more complex. Implement a composite resource planning and scheduling solution to maximize your equipment, facilities, and employees.

profit optimization  Planning and Optimization for Broadcasters and Their Production Companies The media industry is undergoing radical and rapid change driven by liberalization, privatization, and digitization. Broadcasting is no longer highly regulated, but is ever more dynamic and competitive—and the logistical challenges of production planning for TV and radio ever more complex. Implement a composite resource planning and scheduling solution to maximize your equipment, facilities, and employees. Read More

Provia Tackles RFID in a Twofold Manner Part Five: 3PL Support and SCE Optimization


FourSite 4.4 is an upgrade of its fulfillment solution oriented towards third party logistics (3PL) providers. ViaOptimize, is an advanced step for companies who have already automated their facilities with Provia's WMS and are now looking at optimization as a key area of improvement, efficiency and cost reduction.

profit optimization  DC's ability to operate profitably. To that end, the ViaOptimize suite consists of three products: Scheduler , Capacity Planner , and Dynamic Slotting . These applications, when combined with the ViaWare WMS, should allow distribution facilities to deliver the maximum possible throughput, efficiency, quality, and resource utilization through the optimization of orders throughout the facility. It potentially delivers an incremental improvement in productivity, and allows its customers to take into account Read More

Pricing for Profit in the Consumer Products Industry: Empowering Pricing Managers for Greater Bottom-Line Impact with Improved Market Price Intelligence


Rapidly changing market dynamics in the consumer products industries mean price management is critical to a positive bottom line. This white paper examines the evolving role of the pricing and revenue manager and how the field of market price intelligence is powering a new era of price management. With pricing intelligence, today’s pricing managers are able to make highly-responsive decisions based on sound data analysis.

profit optimization  for Profit in the Consumer Products Industry: Empowering Pricing Managers for Greater Bottom-Line Impact with Improved Market Price Intelligence Rapidly changing market dynamics in the consumer products industries mean price management is critical to a positive bottom line. This white paper examines the evolving role of the pricing and revenue manager and how the field of market price intelligence is powering a new era of price management. With pricing intelligence, today’s pricing managers are Read More

Data Quality: Cost or Profit?


Data quality has direct consequences on a company's bottom-line and its customer relationship management (CRM) strategy. Looking beyond general approaches and company policies that set expectations and establish data management procedures, we will explore applications and tools that help reduce the negative impact of poor data quality. Some CRM application providers like Interface Software have definitely taken data quality seriously and are contributing to solving some data quality issues.

profit optimization  Quality: Cost or Profit? Market Overview In the past year, TEC has published a number of articles about data quality. ( Poor Data Quality Means A Waste of Money ; The Hidden Role of Data Quality in E-Commerce Success ; and, Continuous Data Quality Management: The Cornerstone of Zero-Latency Business Analytics .) This time our focus takes us to the specific domain of data quality within the customer relationship management (CRM) arena and how applications such as Interaction from Interface Software can Read More