R·A·D·A·R (TM) is a process for using appropriate techniques, tools, and technologies to proactively report and discover unexpected business trends. Please refer to Figure 1 - Continuous Evaluation, analysis, and revision. The business benefits of R·A·D·A·R (TM) result in increased control, reduced risk, and improved reaction time for, or avoidance of, unexpected situations. Please refer to Figure 2 - Prediction of trends and rapid reaction
- Automated or controlled comparison of performance to plan throughout any defined or special time period.
- Review metrics are evaluated and compared to established tolerances, trigger points, and predictive models. Alert parameters are configured individually or in work groups in the context of your organization, product lines, and/or customers. Notification and escalation processes are defined according to established rules of severity, and reports are automatically generated as required or on-demand.
- Alerts may be investigated by gathering more information about the situation. Reaction time is critical and accounts for profit losses from ineffective operational processes or missed opportunities.
- Data required for decision-making is accessed from a central reliable source - your corporate Data Warehouse - and is organized and optimized for spontaneous and direct access by the people who make or influence organizational decisions (see the Data Warehouse overview available soon)
- Business options are determined through careful reporting and review of the facts, analysis of the data, and modeling of alternative courses of action. Traditional tabular reports are enhanced with visual graphic displays, comparitive drill-down and summarization tools, and algorithms which segment and cluster data or help determine statistical significance (see the Data Mining overview available soon).
- Changes may be initiated in business parameters for operational systems, supply chain logistics, resource utilization, marketing, pricing, and even product selection, design or manufacturing.
- Monitoring frequency and/or processes might also be changed to reflect the heightened awareness of a sensitive area of exposure, risk, or opportunity.
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