BizGenics Raises the Bar for Operational Performance Management Software.Business Editors/High-Tech Writers SAN MATEO San Mateo (săn mətā`ō), city (1990 pop. 85,486), San Mateo co., W Calif., on San Francisco Bay; inc. 1894. It is a commercial and retail center with some high-technology manufacturing. San Mateo, Spanish for St. , Calif.--(BUSINESS WIRE)--July 1, 2003 New Release "Operationalizes" Customer Management with Real-Time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. Policy Compliance BizGenics(R) Inc., a leading provider of Operational Performance Management (OPM See Oracle Process Manufacturing. ) software applications, today announced general availability of version 3.0 of their product offering, the BizGenics Activity Manager(TM) (BAM Bam (bäm), town (1996 pop. 70,100), Kerman prov., SE Iran, on the intermittent Bam River. Located on the western edge of the Dasht-e Lut, Bam is a trade center in a henna-growing region. Dates and other fruits are also grown; camels are raised. ). The BizGenics solution continuously evaluates order and inventory transactions to ensure compliance with customer agreements, financial objectives and regulatory requirements Regulatory requirements are part of the process of drug discovery and drug development. Regulatory requirements describe what is necessary for a new drug to be approved for marketing in any particular country. . This release offers businesses the ability to make informed, in-flight in-flight adj. 1. Occurring, carried out, or present while in flight: in-flight refueling. 2. Provided or offered during a flight: in-flight meals. adjustments by finding and fixing non-conforming transactions before they impact operating results. Consolidation of buying power Buying Power The money an investor has available to buy securities. In a margin account, the buying power is the total cash held in the brokerage account plus maximum margin available. Also referred to as "Excess Equity. and increased scrutiny of operating controls have resulted in stringent customer service level agreements and new regulatory requirements. For many industries, including electronic equipment and consumer products, managing to these heightened expectations is made even more difficult by years of mergers and acquisitions, independent operating units operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon , and outsourced logistics. Despite significant investments in enterprise software, large gaps remain between corporate policy, customer obligations and operations. BizGenics' unique ability to activate policies and continuously optimize optimize - optimisation open orders and allocation The apportionment or designation of an item for a specific purpose or to a particular place. In the law of trusts, the allocation of cash dividends earned by a stock that makes up the principal of a trust for a beneficiary usually means that the dividends will be treated as decisions is helping F500 companies maximize return on working capital by accelerating cash-turns, increasing asset utilization, and reducing SG&A costs. "To enable organizations to become more effective and efficient in their business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets , organizations must understand how to move beyond ERP (Enterprise Resource Planning) An integrated information system that serves all departments within an enterprise. Evolving out of the manufacturing industry, ERP implies the use of packaged software rather than proprietary software written by or for one customer. and manage operational performance that can provide the direct impact required for business," said Mark Smith, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Ventana Research and contributing editor A contributing editor is a magazine job title that varies in responsibilities. Most often, a contributing editor is a freelancer who has proven ability and readership draw. for Intelligent Enterprise. "BizGenics has blended policy management, transaction-level compliance monitoring and proactive resolution into one operational performance management solution that can help businesses achieve superior sales and operations performance across order execution, inventory allocation and logistics." The BizGenics Activity Manager(TM) (BAM) represents a new category of enterprise application software referred to as Operational Performance Management (OPM). The BizGenics Activity Manager bridges the gap between transactional systems and business policy compliance to help sales and operations continuously evaluate open orders and inventory allocations based on customer service level agreements, financial goals and regulatory compliance. The BizGenics Activity Manager(TM) continuously analyzes customer demand and inventory movements to ensure business policy compliance. Unlike business intelligence tools that require data warehouses to measure past performance, the BizGenics solution taps directly into existing transaction streams to help manage the behavior of the business in real-time. When a non-conforming transaction is identified, authorized users authorized user Radiation physics A person who, having satisfied the applicable training and experience requirements, is granted authority to order radioactive material and accepts responsibility for its safe receipt, storage, use, transfer and disposal are guided through problem analysis and closed-loop resolution. BizGenics Activity Manager(TM) 3.0 sets a new standard for usability How easy something is to use. Both software and Web sites can be tested for usability. Considering how difficult applications are to use and Web sites are to navigate, one would wish that more designers took this seriously. See user interface and usability lab. , ease of maintenance and lowest total cost of ownership. This release builds on BizGenics' patent-pending compliance management product with enhanced policy management, additional allocation capabilities, and expanded support for leading infrastructure software. New to this release is:
Enhanced Policy Management
Policy Management enables users to activate business policies
at any level of customer, product, region or channel.
BizGenics Activity Manager(TM) 3.0 advances this capability
with:
-- New wizard-based environments
Business users can define new policies and tailor
industry best practices without requiring scarce IT
resources. Enhanced hierarchy and grouping
capabilities simplify policy maintenance. New
"test-firing" tools analyze historic data to help
users set effective performance thresholds.
-- Advanced operations monitoring
Monitor operating controls at the transaction level to
limit the risk and cost of compliance with regulatory
requirements such as Sarbanes-Oxley sections 404/409,
FTC Prompt Delivery and FASB revenue recognition
guidelines.
Flexible Allocation Models
The BizGenics Activity Manager(TM) combines embedded
analytics, visualization, notification and workflow
capabilities to find, prioritize, and help users analyze the
business impact of non-compliant order and allocation
transactions. Resolution management closes the loop with the
option to directly update execution systems. New to the 3.0
release are:
-- Configurable, role-based management environments
Pre-built views, focused performance indicators and
guided resolution features help users maximize profit
and reduce charge-backs and expedites. Open order are
evaluated based on service level commitments, margins,
customer segmentation and revenue recognition.
-- Enhanced demand and sell-thru analysis
Users can increase inventory turns and limit costly
out-of-stocks by continuously analyzing demand and
sell-thru transactions across their entire
distribution network. Support for multiple fulfillment
models -- including build-to-stock, build-to-order,
and configure-to-order -- helps users optimize
allocation decisions to improve product mix and limit
write-offs.
Expanded Platform Support
BizGenics' service-based architecture complements and extends
existing systems by weaving together people, processes, and
applications to ensure business policy compliance at the
transaction level. BizGenics' support for leading
infrastructure software ensures continuing compatibility with
customer environments while minimizing their total cost of
ownership. New in BizGenics Activity Manager 3.0:
-- Linux Platform
BizGenics goes beyond support for Win2K and Solaris
to include the low-cost Linux platform.
-- BEA Web Logic, IBM WebSphere and IBM DB2
BizGenics adds to its current support for Oracle's
database and application server with support for BEA's
WebLogic(R) as well as IBM's DB2 and WebSphere(R)
line.
"Ensuring superior customer service while maximizing profits on every order has long been the dream. BizGenics makes this capability a reality and delivers it in packaged software See software package. . The BizGenics solution enables businesses to find and fix non-conforming transactions before they impact operating results -- leading to unprecedented levels of efficiency and business policy compliance," said David Cope David Cope (b. San Francisco, California, United States, May 17, 1941) is an American author, composer, scientist, and professor at the University of California, Santa Cruz. , president and CEO of BizGenics, Inc. "The BizGenics 3.0 release takes the next step forward with a highly functional solution that is easy to deploy, use and maintain." About BizGenics BizGenics is a leading provider of Operational Performance Management (OPM) software that continuously optimizes open orders and inventory allocation decisions based on customer agreements, financial objectives and regulatory requirements. Leading businesses including Hewlett-Packard (HPQ HPQ Hewlett-Packard Corporation (NYSE) HPQ High Priority Queue ) are using BizGenics to maximize revenue, profits and contract compliance -- leading to lower costs and improved service levels. BizGenics weaves together people, processes, and applications to help businesses get more out of the systems and revenue streams they already have. |
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