Will You Add?
#1 in Business Subscribe Email Print

You are here: Home > Business > Management > Decision Support Systems, Part 1 - Detailed Business Performance Capture

Tags

  • shall
  • basic
  • apart
  • increasing complexity
  • detailed historical
  • maturity levels

  • Links

  • Investing and Asset Allocation
  • Some Tips on Stopping Smoking
  • Contracts: Don't Pick Up Your Pencil
  • Will You Add? - Decision Support Systems, Part 1 - Detailed Business Performance Capture

    Successful People Are On Time!
    I recently attended a Microsoft event at their corporate headquarters in Redmond, Washington. This event was a fantastic opportunity to meet with fellow leaders in the Microsoft partner community from around the world and spend quality time with each one of them. The event was held over four days and we had a very tight schedule and the importance of timeliness was critical to its overall success.The timeliness factor really didn’t hit
    erformance data. ‘How successful the Business was’ for a given time interval, is captured. Business performance is captured in a detailed mode for all ‘dimensions’ involved (indicatively): Business processes and activities, Products marketed, Customer touch points employed, Geography, Customer segments, Business Units involved. Data analysis that takes place at the ‘business performan
    Unemployment Blues: Maintaining Emotional Balance
    When we are under stress, we start to experience wide swings in mood. In a new relationship, for example, we are ecstatic when the telephone rings, depressed and tearful when we don’t hear anything for two or three days. When we are ill, we are elated when tests come back negative, fearful and exhausted when a problem is identified. Working under a demanding tyrant, we are upbeat with any hint of praise and despondent when the inevitable critici
    A simple analysis of the functionality of a decision support system, is presented. In an effort to analyze the performance of a Business, and develop strategy for the future positioning in a competitive environment, the dimension of time is crucial (this is why all data warehouse systems have a time dimension and maintain historical data). In this article series, we describe three functionality categories of decision support systems:part 1. Detailed capture of performancepart 2. Performance analysis part 3. Modeling and prediction Categories are presented in an increasing complexity and business value sequence. They do not necessarily represent maturity levels, since each category is developed and matured as it is enriched with new capabilities and adopted to the dynamically changing informational and analytical Business needs. DSS systems may be developed for other purposes, apart from performance management. A very common example is the development of a customer intelligence system, in which the aim is to build customer insight in order to adopt products and services accordingly.

    1. Detailed capture of business performance A basic management principle is the following: ‘you cannot manage what you cannot quantify and measure’. Within this framework, each Business aims to develop infrastructures which shall enable it, to capture detailed measurements of the current business process performance and gradually build detailed historical performance data. ‘How successful the Business was’ for a given time interval, is captured. Business performance is captured in a detailed mode for all ‘dimensions’ involved (indicatively): Business processes and activities, Products marketed, Customer touch points employed, Geography, Customer segments, Business Units involved. Data analysis that takes place at the ‘business performanc

    The Benefits Of Multiple Sources Of Income
    Inflation and economic trends require families to have two incomes just to stay even with their expenses. It may be that, in the future, even two incomes will not be sufficient. It is a good idea to be prepared for bad economic times rather than to simply hope for the best and suffer if the best does not come. Families should have multiple flows of income to guard against facing an insecure future. It is very important to have a source of extra
    unctionality categories of decision support systems:part 1. Detailed capture of performancepart 2. Performance analysis part 3. Modeling and prediction Categories are presented in an increasing complexity and business value sequence. They do not necessarily represent maturity levels, since each category is developed and matured as it is enriched with new capabilities and adopted to the dynamically changing informational and analytical Business needs. DSS systems may be developed for other purposes, apart from performance management. A very common example is the development of a customer intelligence system, in which the aim is to build customer insight in order to adopt products and services accordingly.

    1. Detailed capture of business performance A basic management principle is the following: ‘you cannot manage what you cannot quantify and measure’. Within this framework, each Business aims to develop infrastructures which shall enable it, to capture detailed measurements of the current business process performance and gradually build detailed historical performance data. ‘How successful the Business was’ for a given time interval, is captured. Business performance is captured in a detailed mode for all ‘dimensions’ involved (indicatively): Business processes and activities, Products marketed, Customer touch points employed, Geography, Customer segments, Business Units involved. Data analysis that takes place at the ‘business performan

    Payroll Nebraska, Unique Aspects of Nebraska Payroll Law and Practice
    The Nebraska State Agency that oversees the collection and reporting of State income taxes deducted from payroll checks is:Department of Revenue Nebraska State Office Bldg. 301 Centennial Mall S. P.O. Box 94818 Lincoln, NE 68509-4818 (402) 471-2971 (800) 742-7474 http://www.revenue.state.ne.us/index.htmlNebraska does not require you to use a state form to calculate state income tax with
    iched with new capabilities and adopted to the dynamically changing informational and analytical Business needs. DSS systems may be developed for other purposes, apart from performance management. A very common example is the development of a customer intelligence system, in which the aim is to build customer insight in order to adopt products and services accordingly.

    1. Detailed capture of business performance A basic management principle is the following: ‘you cannot manage what you cannot quantify and measure’. Within this framework, each Business aims to develop infrastructures which shall enable it, to capture detailed measurements of the current business process performance and gradually build detailed historical performance data. ‘How successful the Business was’ for a given time interval, is captured. Business performance is captured in a detailed mode for all ‘dimensions’ involved (indicatively): Business processes and activities, Products marketed, Customer touch points employed, Geography, Customer segments, Business Units involved. Data analysis that takes place at the ‘business performan

    Postcards Printing - Way for Essential Marketing
    With the tremendous advertising scheme used at present, print materials are still among the effective ways of making business recognized.It is said that postcards are among the widely used tool at present. They are considered as an effective material for the reasons that:1.It keeps people aware of the latest products or updates that businesses have.2.They are economical form of advertising and promotions3.Easily distr
    1. Detailed capture of business performance A basic management principle is the following: ‘you cannot manage what you cannot quantify and measure’. Within this framework, each Business aims to develop infrastructures which shall enable it, to capture detailed measurements of the current business process performance and gradually build detailed historical performance data. ‘How successful the Business was’ for a given time interval, is captured. Business performance is captured in a detailed mode for all ‘dimensions’ involved (indicatively): Business processes and activities, Products marketed, Customer touch points employed, Geography, Customer segments, Business Units involved. Data analysis that takes place at the ‘business performan
    10 Top Ways To Keep Customers Buying
    It's one thing to get customers to purchase your products and another to have customers continue to buy from you. This article is going share with you the top 10 ways to keep your customers coming back for more.1. Offer a freebie with each purchaseOffering something free with each purchase is a great marketing technique and customers love it. It doesn't have to be something expensive either. It could simply be a small token showing
    erformance data. ‘How successful the Business was’ for a given time interval, is captured. Business performance is captured in a detailed mode for all ‘dimensions’ involved (indicatively): Business processes and activities, Products marketed, Customer touch points employed, Geography, Customer segments, Business Units involved. Data analysis that takes place at the ‘business performance capture’ level, is usually predefined. Predefined Key performance indicators (KPIs) are regularly calculated and presented in business intelligence dashboards. Detailed facts are produced in a multidimensional data structure (also called data mart), like:
    • Detailed financial facts (revenue, expenses)
    • Detailed production facts (e.g. production activity performance)
    • Customer facts (e.g. number of contacts, number of complaints)
    • Customer churn data
    • Product quality facts
    • New product introduction facts,
    and presented in reports. A static performance capture takes place.

    Even though many on-line transaction processing (OLTP) systems enable the direct production of reports, this approach does not assure:

    • a sufficient level of detail in the facts captured
    • the ability to perform time series analysis (no historical data available)
    • the option to evaluate data in a differentiated view, by ‘highlighting’ certain dimensions of the business process and hiding others
    • the integrity, clarity and accuracy of facts and the single version of truth
    • the ability to produce complex reports, without overloading the operational system.
    The set of KPIs and reports, is expected to be enriched as new informational needs are identified and new reporting capability is developed (either based on the operational systems, or on external data sources).

    The development of a DSS system should follow an iterative method. The data

    HTTP = HTML link (for blogs, profiles,phorums):
    <a href="http://www.atriclecheck.com/article/21704/atriclecheck-Decision-Support-Systems-Part-1--Detailed-Business-Performance-Capture.html">Decision Support Systems, Part 1 - Detailed Business Performance Capture</a>

    BB link (for phorums):
    [url=http://www.atriclecheck.com/article/21704/atriclecheck-Decision-Support-Systems-Part-1--Detailed-Business-Performance-Capture.html]Decision Support Systems, Part 1 - Detailed Business Performance Capture[/url]

    Related Articles:

    Clarity At The Core

    Why Should You Get A Good Logo For Your Company?

    Successful Business Strategies

    Bookmark it: del.icio.us digg.com reddit.com netvouz.com google.com yahoo.com technorati.com furl.net bloglines.com socialdust.com ma.gnolia.com newsvine.com slashdot.org simpy.com shadows.com blinklist.com