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Business intelligence

Business intelligence

The term Business Intelligence – often referred to simply as BI – was originally coined by Gartner Group who in 1996 wrote: By 2000, Information Democracy will emerge in forward-thinking enterprises, with Business Intelligence information and applications available broadly to employees, consultants, customers, suppliers, and the public. The key to thriving in a competitive marketplace is staying ahead of the

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What Is a Nash Equilibrium? (Game theory)

What Is a Nash Equilibrium? (Game theory)

A Nash equilibrium, named after John Nash, is a set of strategies, one for each player, such that no player has incentive to unilaterally change her action. Players are in equilibrium if a change in strategies by any one of them would lead that player to earn less than if she remained with her current strategy. For games in which

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Top 20 Supply Chain Management Software Suppliers

Top 20 Supply Chain Management Software Suppliers

By Bob Trebilcock, The market for supply chain management software applications, maintenance and services, or SCM, came in at $6.2 billion in 2009 including applications for procurement software and $4.2 billion without procurement. That represented a decline of 1.9% from 2008, according to Chad Eschinger, an analyst with Gartner: (203-964-0096). While most businesses would have been proud to only show

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Reverse Auctions: 5 Game-Day Strategies

Reverse Auctions: 5 Game-Day Strategies

Inc staff When you’re facing off in a live reverse auction, the bidding can feel like gambling, with bluffs, calls, and feints. Here’s a sampling of strategies. Rely on incumbency Sometimes a big company’s primary motive is to compel a current supplier to cut prices. If you suspect you’re the target of this kind of pressure, bid your current price

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How to Compete in a Reverse Auction

How to Compete in a Reverse Auction

INC. David Bowman growing number of large companies are forcing suppliers to bid through reverse auctions. Here’s how to survive one with your margins intact. GOING, GOING, GONE! The advent of reverse auctions led Greg Gartner to completely rethink his approach to business. On days when Gartner Studios is trying to lock down a major sale, Greg Gartner turns his employee

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Break-Even Analysis and Forecasting

Break-Even Analysis and Forecasting

The following JavaScript calculates the break-even point for a firm based on the information you provide. A firm’s break-even point occurs when at a point where total revenue equals total costs. Break-even analysis depends on the following variables: Selling Price per Unit:The amount of money charged to the customer for each unit of a product or service. Total Fixed Costs:

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Understanding the ‘Bullwhip’ Effect in Supply Chains

Understanding the ‘Bullwhip’ Effect in Supply Chains

By Martha E. Mangelsdorf Today’s Wall Street Journal  has a noteworthy front-page article about the “bullwhip” effect, as it is starting to play out in businesses as the economy recuperates. What’s the bullwhip effect? The WSJ article explains: “This phenomenon occurs when companies significantly cut or add inventories. Economists call it a bullwhip because even small increases in demand can cause a big snap in

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How SCM Education Is Changing With the Times

How SCM Education Is Changing With the Times

John L. Kent, director of logistics and supply-chain management programs at Missouri State University, offers a look at how the educational curriculum in supply-chain management programs is changing – and what employers are looking for in new graduates. The big issue in supply-chain education at Missouri State University today is obtaining adequate faculty resources, Kent says. The recession put a

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How Do You Decide Which RFID Strategy to Employ in Your Organization?

How Do You Decide Which RFID Strategy to Employ in Your Organization?

Industry Week | September 18, 2012 The advancement of technology, combined with demand from customers, has continued to fuel interest in radio frequency identification tagging systems. Yet for all the attention paid to RFID, data from APQC’s Open Standards Benchmarking in logistics shows a majority of organizations have not adopted an RFID tagging strategy. The remaining respondents use three strategies most

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RFID Market Expected to See Robust Growth at Least Through 2017

RFID Market Expected to See Robust Growth at Least Through 2017

RFID Market Expected to See Robust Growth at Least Through 2017 ABI Research | September 18, 2012  The traditional uses of RFID for the identification of animals, people and within the automotive sector are continuing to grow and are projected to increase by $2.8bn from 2012 to 2017. However, ABI Research’s new RFID Market Tracker found that modernizing RFID applications will

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