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BNET Business Dictionary
- Management
- the use of professional skills for identifying and achieving organizational objectives through the deployment of appropriate resources. Management involves identifying what needs to be done,...
- Management definition on BNET »
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- Optimization of a Global Energy Major's Processes
- The client is a global energy major that needs to harmonize and leverage on the multiple IT divisions of the acquired companies. The client's requirement was an efficient translation of this process knowledge into proper process maps was a very critical challenge and business processes needed to comply with regulations...
- Case studies
- CIO insights from IBM: IT optimization to meet business goals
- The need for IT optimization is nothing new. But as CIOs are increasingly called upon to drive business strategy, they need to take a new look at their IT optimization goals. They still need to boost efficiency and cut costs—but those efforts must be balanced with the organization's need for...
- White papers 2006-09-01
- Colgate drives innovation through strategic focus on IT optimization
- In order to respond more quickly and cost effectively to new opportunities, Colgate-Palmolive needed to grow its service offerings without a corresponding escalation in IT infrastructure and costs. Major fast moving consumer goods enterprises such as Colgate operate in complex, dynamic markets, competing against both local and global rivals. Recognizing...
- Case studies 2006-06-01
- Decision Support System For Fisheries Management
- This paper presents a decision support system that is oriented toward fisheries policy and management decisions. The important current issues involve the development of an optimal harvesting plan for the fishing industry. A simulation optimization has been built to assist authorities in scheduling for a fleet of hundreds of vessels...
- White papers 2005-11-08
- Business Optimization: Critical To BPM Success
- The key advance of optimization over traditional BPM Business Process Management technologies is the ability to address both the real time optimization of individual processes "In flight" as well as the ability to identify strategic changes to business processes to drive long term value and cost savings. This dual mission...
- White papers 2005-10-12
- Automotive Component Product Development Enhancement Through Multi-Attribute System Design Optimization In an Integrated Concurrent Engineering Framework
- Automotive industry is facing a tough period. Production overcapacity and high fixed costs constrain companies' profits and challenge the very same existence of some corporations. Strangulated by the reduced cash availability and petrified by the organizational and products' complexity, companies find themselves more and more inadequate to stay in synch...
- White papers 2005-02-01
- Enhancing Business Process Management With Simulation Optimization
- This article presents two examples of simulation optimization using OptQuest to illustrate how to optimize simulation models to enhance business process management. The first case, this paper constructs a discrete event simulation model of a hospital emergency room to determine a configuration of resources that results in the shortest average...
- White papers 2005-01-01
- Consumer-Driven Merchandise Optimization
- Big retailers are big for a reason - customers and investors reward them for solid value and good returns. Retailers constantly confront new dynamics. Today's environment is marked by empowered customers, competitive Darwinism, and competitors who've mastered market, product, and brand lifecycles. As leaders succeed on these fronts, followers risk...
- White papers 2005-01-01
- Optimization of the Pumping/Storage/Piping Relationship in Large Water Systems for Effective Master Planning
- In early 2001, the City of Ottawa retained the services of Stantec Consulting Ltd. to undertake an assessment of the short and long term infrastructure needs required to service a major portion of the City's water supply system. This paper presents the approach and results of an analysis used for...
- White papers 2004-11-18
- BI: A Competitive Advantage
- The competitive game is changing for retail. As the industry continues to consolidate, retailers have begun to realize that using technology to better understand customer buying behavior, to drive sales and profitability, and to reduce operational costs is a necessity for long-term survival. This article shows how the retailers, in...
- White papers 2004-10-01
- Sector Exposure Models for Risk Management of Security Portfolio
- Portfolio optimization requires the minimal risk with certain expected return. The portfolio optimization, or risk management, cannot be done by simply minimizing the exposure of the portfolio to each single risk factor independently. In this context the paper explains that the objectives of developing sector exposure models are two-fold: helping...
- White papers 2004-05-12
- Sourcing Optimization
- This paper explains i2 capabilities for sourcing optimization that are designed to automatically analyze complex sourcing problems with thousands, or even millions, of alternatives with high speed. Optimal scenarios can be determined by taking into account business objectives, such as "Allocate 30 percent of spend to low-cost foreign suppliers" as...
- White papers 2004-03-01
- Integrated Production Assurance for Subsea - A Strategy for Subsea Process Control Optimization
- The platform network-based process control systems are likewise undergoing transformation, but the subsea interface, with inappropriate/incompatible communications architecture and conspicuously non-standardized devices remains mostly anomalous. The conceptual shift, which is to be recognized, is that future growth in the controls business area depends on a 'top-down' approach to data systems.
- White papers 2003-11-21
- The New IT Value Proposition - Focus on Business Process Optimization, Not Cost Cutting
- Information technology IT matters more than ever before. Chief Financial officers CFOs and other senior executives now view IT as a strategic resource for the entire enterprise. Computers, software, and networks are deemed as providing the essential foundation for business sustainability and growth. This research report summarizes how chief...
- White papers 2003-11-01
- Optimization Model of Measuring Strategy on CMM
- An attempt to formal description of the procedure of optimization of measuring strategy on CMM was made and is being discussed briefly in this paper. A set of feasible solutions, constrains and objective function were defined. Chosen steps of optimization were described. An example of documenting of measuring strategy was...
- White papers 2003-08-26
- Bsiness Process Optimization
- Companies across all industries have recognized that implementing Business Process Management BPM software can provide a true competitive edge by automating, integrating and optimizing business processes to speed critical business decision-making, increase operational efficiency, lower the cost of doing business, and improve customer service. Processes can be tuned to their...
- White papers 2003-07-01
- How to Benefit from Optimization, without Losing your Shirt
- The technology is now available to design and try complete sets of test strategies simultaneously. This approach allows creditors to determine the optimal combination of test strategies in one experiment, dramatically shortening the learning curve and outperforming the competition. At least, that is the theory. This article addresses the overall...
- White papers 2003-04-01
- Service Process Optimization Through Services: Automation and Global Strategic Sourcing
- CIO's and the departments they manage are challenged by a new working reality that includes tighter budgets and growing demand for demonstrable return on investments. Even as the resources available to them become increasingly constrained, IT departments also face greater pressure from executives and board members to align their activities...
- White papers 2003-01-10
- Multi-Echelon Inventory Optimization
- The optimal deployment of inventory is a vital business function for an enterprise. As Forrester Research pointed out in a recent report, the ability to increase inventory turns is a key differentiator between highly successful and more poorly performing companies. Managing inventory in a multi-echelon network vs. a single-echelon network...
- White papers 2003-01-01
- Sustained Inventory Optimization: The Next Challenge For Logistics And Supply-Chain Teams
- From the executive summary: ‘In returning capital and cost control issues to most management teams’ agendas, the economic downturn has displaced e-commerce and software initiatives in many cases. The renewed balance between revenue growth and operating efficiencies has empowered operating executives to demand better performance and more support from their...
- White papers 2002-11-01
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