“I often ask at customer events how many in the audience can tell me who their most profitable customers are and it’s always surprising how few hands go up.” — Jason Nash
Profitability analysis is a component of enterprise resource planning (ERP) that allows administrators to forecast the profitability of a proposal or optimize the profitability of an existing project.
I’m absolutely lost when it comes to any kind of financial analysis. My eyes glaze over and my head starts to nod whenever I hear the magical words: pivot table.
|“Every time the mouse moves a certain distance, a signal (think of a playing card in a bicycle wheel) is sent to the microcontroller and counted. If 100 of these signals or clicks is equivalent to one mouse ball rotation, and the microcontroller has received 100 clicks in the forward direction and 50 clicks in the sideways direction, the computer, with the aid of some simple programming, can understand that the mouse has moved one ball rotation forward and a half rotation sideways.” – Office of Naval Research Science & Technology|
|“Another important function for enabling strategic sourcing is contract management, key for negotiating and managing terms with suppliers, including pricing and performance requirements. Contract management for procurement should support advanced negotiation functions, including methods to collect and compare vendor bids, as well as functions for managing contracts, improving spend visibility and data analysis.” — Catherine LaCroix|
Today’s WhatIs.com Word of the Day is strategic sourcing. Strategic sourcing differs from conventional purchasing because it places emphasis on the entire life-cycle of a product, not just its initial purchase price.
|“Once everyone is seated introduce the exercise by giving a brief summary of De Bono’s Six Thinking Hats process. Then explain that the group will all put on the same hat and discuss the iteration…and after that they will put on the next hat in the series and so on until the all the hats have been worn.” — Rob Bowley|
Today’s WhatIs.com Word of the Day is six thinking hats retrospective. I just participated in one here at TechTarget and it may have been one of the smoothest retrospectives I’ve ever been part of. I don’t recommend it for every single iteration because that could get boring, but it was a nice change-up. Any kind of structure that moves the discussion along briskly and limits the time people can argue or rant is a good thing. Maybe I’ll try it at the dinner table next family gathering!
|“You double the number of chips when you evolve from single-core to dual-core and from dual-core to quad-core, but what you’re not doubling are the rest of the resources. All cores still must share a single battery, one pool of memory and so on.” — Jessica Dolcourt|
Today’s WhatIs.com Word of the Day is quad-core processor, a chip with four independent units called cores that read and execute CPU instructions such as add, move data, and branch. Although it’s tempting to suppose that a quad-core processor would operate twice as fast as a dual-core processor and four times as fast as a single-core processor, things don’t work out that simply. Results vary depending on the habits of the computer user, the nature of the programs being run, and the compatibility of the processor with other hardware in the system as a whole.
|“NASA’s Performance and Accountability Report (PAR), is a detailed, annual retrospective of the Agency’s performance toward achieving its annual goals and long-term objectives for its programs, management, and budget. The Office of the Chief Financial Officer produces the PAR in collaboration with program and support offices throughout NASA. While the PAR was created to meet government reporting requirements (including the Government Performance and Results Act, the Chief Financial Officers Act of 1990, and the Federal Financial Management Improvement Act of 1996), it is also a showcase for NASA’s achievements and is written as a public outreach document.” — Office of the Chief Financial Officer|
Today’s WhatIs.com Word of the Day is PAR, which stands for performance and accountability reporting. In the United States, PARs provide financial and performance information that enables the President, the Congress and the public to assess the performance of an agency relative to its mission and to demonstrate accountability.
In the spirit of government transparency and in accordance with OMB Circular A-136, Financial Reporting Requirements, government agencies may choose either to produce a consolidated Performance and Accountability Report (PAR) or a separate Agency Financial Report (AFR) and Annual Performance Report (APR).
|“It happens all the time; you forget your cell phone charger at home, and your smartphone battery runs out after hours of email and Angry Birds. But what if you could recharge your cell phone using power you’ve generated simply by walking?” — Harry Kolar|
Today’s WhatIs.com Word of the Day is ambient energy scavenging. Ambient energy scavenging, also called energy harvesting or power harvesting, is the process of obtaining usable energy from natural and human-made sources that surround us in the everyday environment.
A company needs to know on a cost level how many employees they have and what it’s costing them, along with turnover rates and analytics to help them make decisions and understand the essential talent that makes the organization successful.” — Paul Hamerman
Today’s WhatIs.com Word of the Day is human capital management, an approach to employee staffing that perceives people as assets whose current value can be measured and whose future value can be enhanced through investment.
|“You can go on eBay today and type ‘twitter followers’ or ‘buy twitter followers, and you can pump up your number. Those are great examples of completely spam accounts.” – Michael Hussey|
This week Twitter went to court this week to shut down five websites that allegedly provide tools for spamming Twitter. And that got me thinking — why hasn’t anyone come up with a cute little word for spam on Twitter? Spam is a honking big problem on Twitter.
So ok folks — here’s your chance to invent a new word. What should we call spam on Twitter?
I’d like to suggest we call it CAW. Because unlike a bird’s delightful little tweet, the repetitive, annoying sound of a crow’s CAW has no redeeming value. And neither does spam.
CAW could even be a backronym. We’d just need to come up with some clever words that begin with “c,” “a,” “w.”