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Enterprise resource planning (ERP)

Terms related to business, including definitions about project management and words and phrases about human resources, finance and vertical industries.

24/ - BRA

  • 24/7 Customer or [24]7 Inc - 24/7 Customer is a business process outsourcing (BPO) services provider that also sells industry-specific cloud-based applications.
  • 360-degree customer view - The 360-degree customer view is the idea that companies can get a complete view of customers by aggregating data from the various touch points in which consumers interact with companies.
  • 3PL (third-party logistics) - A 3PL (third-party logistics) provider offers outsourced logistics services, which encompass anything that involves management of one or more facets of procurement and fulfillment activities.
  • 4-D printing (four-dimensional printing) - 4-D printing is additive manufacturing that prints objects capable of transformation and, in some cases, self-assembly.
  • 5 Whys (Five Whys) - Five Whys, sometimes written as '5 Whys,' is a guided team exercise for identifying the root cause of a problem.
  • 70 percent rule for productivity - According to the 70 percent rule, which has its roots in athletics, employees are most productive when a majority of their time is spent working at a less intense pace.
  • 70-20-10 (70-20-10 rule) - 70-20-10 is a formula that describes how someone learns to do their job.
  • 96-minute rule - The 96-minute rule is a productivity guideline derived from the Pareto principle.
  • A/B testing (split testing) - A/B testing, sometimes called split testing, is an assessment tool for identifying which version of something helps an individual or organization meet a business goal more effectively.
  • ABC analysis (Pareto analysis) - ABC analysis, also known as Pareto analysis, is a method used to categorize something according to its importance or value in a given context.
  • ABC classification - ABC classification is a ranking system for identifying and grouping items in terms of how useful they are for achieving business goals.
  • ABC costing (activity-based costing) - Activity-based costing (ABC) costing is a supplemental method of analysing product cost through assessing the costs of all business activities associated with production.
  • account - An account is a unique record for each type of asset, liability, equity, revenue and expense.
  • account-based marketing (ABM) - Account-based marketing (ABM) is a business-to-business (B2B) strategy that focuses sales and marketing resources on targeted accounts within a specific market.
  • accountability - Accountability means being held responsible or answerable for one's actions (or perhaps lack of action where one should have been taken).
  • accounting error - What is an accounting error?An accounting error is a non-fraudulent discrepancy in financial documentation.
  • accounts payable - Accounts payable is a liability account in the general ledger (GL).
  • accounts receivable (AR) - Accounts receivable (AR) is an item in the general ledger (GL) that shows money owed to a business by customers who have purchased goods or services on credit.
  • acquisition plan - An acquisition plan, in the context of procurement, is a business document specifying all relevant considerations for the processes involved with acquiring goods, services or other organizations.
  • acronym - An acronym (pronounced AK-ruh-nihm, from Greek acro- in the sense of extreme or tip and onyma or name) is an abbreviation of several words in such a way that the abbreviation itself forms a word.
  • action item - An action item is a discrete task that must be accomplished, usually by a single individual or a small team or group.
  • action plan - An action plan is a document that lists what steps must be taken in order to achieve a specific goal.
  • actionable - Actionable, in a business context, is an adjective referring to things that can be acted upon.
  • actionable intelligence - Actionable intelligence is information that can be followed up on, with the further implication that a strategic plan should be undertaken to make positive use of the information gathered.
  • ad hoc - Ad hoc is an adjective used to describe things that are created on the spot, usually for a single use.
  • adhocracy - Adhocracy is a business management and corporate culture model based the ability to adapt quickly to changing conditions.
  • adjective - An adjective is a word or phrase that describes or modifies a noun.
  • advanced shipping notice (ASN) - Advanced shipping notice (ASN) is a document that provides detailed information about a pending delivery.
  • adverb - An adverb is a word that provides more information about a verb.
  • advertorial - An advertorial is a digital or print article that appears neutral but is sponsored content to promote a product or service.
  • affiliate (associate) - An affiliate or associate business is a company with a parent corporation that owns less than a controlling percentage of the company's voting stock.
  • affiliate marketing - Affiliate marketing is a performance-based marketing strategy in which one company pays another for referred business.
  • age of the customer - Age of the customer is the concept that consumers are more empowered than ever because they can access information about products and services over the Internet in real time.
  • Agile Project Management (APM) - Agile Project Management (APM) is an iterative approach to planning and guiding project processes that breaks them down into smaller cycles called sprints, or iterations.
  • agribusiness - An agribusiness is a line of business (LOB) that focuses on the processing, warehousing, distribution, marketing and retailing of products used in farming.
  • AICPA (American Institute of Certified Public Accountants) - The AICPA (American Institute of Certified Public Accountants) is a member association for the accounting profession that sets ethical standards for accountants, as well as U.
  • AIDA marketing model - The AIDA marketing model is a marketing, advertising and sales approach methodology designed to provide insight into the customer's mind and represent the steps needed to cultivate leads and generate sales.
  • AIOps (artificial intelligence for IT operations) - AIOps is an umbrella term for the use of big data analytics, machine learning and other AI technologies to automate the identification and resolution of common IT issues.
  • Alphabet, Inc. - Alphabet, Inc.
  • Altman Z-score - The Altman Z-score is a statistic that is useful for evaluating the financial health of a publicly traded manufacturing company.
  • Amazon effect - The Amazon effect is the ongoing evolution of the retail market, both online and in physical outlets, resulting from increased e-commerce.
  • Amazon Prime - Amazon Prime is a subscription membership to Amazon that offers customers premium services for a yearly or monthly fee.
  • amortization - Amortization is a financial practice that allows buyers to pay for a purchase over an extended schedule rather than all at once.
  • anchoring effect - Anchoring effect is a form of cognitive bias that causes people to focus on the first available piece of information (the "anchor") given to them when making decisions.
  • angel investor - An angel investor, sometimes just referred to as an angel, is an individual with private resources who invests in a company or product for personal reasons.
  • ANSI/ISA-95 - ANSI/ISA-95, more commonly referred to as ISA-95, is an international standard for enterprise and control systems integration developed for manufacturers.
  • Apple Authorized Reseller (AAR) - An Apple Authorized Reseller (AAR) is a business partner that has entered into a contractual relationship with Apple Computer Inc.
  • application portfolio management (APM) - Application portfolio management (APM) is a framework for managing enterprise IT software applications and software-based services.
  • application rationalization (AR) - Application rationalization is the process of identifying which business applications should be kept, replaced, retired or consolidated across an organization to improve business operations.
  • Appreciative inquiry (AI) - Appreciative Inquiry (AI) is a change management approach that focuses on identifying what is working well, analyzing why it is working well and then doing more of it.
  • AR-to-GL reconciliation - AR-to-GL (accounts-receivable-to-general-ledger) reconciliation is a process commonly used to balance accounts in bookkeeping, particularly within an Oracle relational database.
  • article - An article is a word used before a noun that indicates whether or not the reference is to a specific entity or an unspecific one.
  • ASAP, ALAP and ATAP - ASAP, ATAP and ALAP are acronyms that stand for, respectively, as soon as possible, as timely as possible and as late as possible.
  • assembly line - An assembly line is a manufacturing process in which interchangeable parts are assembled as they are passed in a direct line from workstation to workstation until a final product is produced.
  • asset liability management - Asset liability management (ALM) is the administration of policies and procedures that address financial risks associated with changing interest rates, foreign exchange rates and other factors that can affect a company’s liquidity.
  • asset management - Asset management is a financial service offered by professional firms for the holding, transferring, buying and selling of different types of cash and investments.
  • asset performance management (APM) - Asset performance management (APM) is both a strategy and a set of software tools for tracking and managing the health of an organization's physical assets.
  • authentic leadership - Authentic leadership is a type of management style in which people act in a real, genuine and sincere way that is true to who they are as individuals.
  • authoritarian leadership - Authoritarian leadership is a management style in which an individual has total control over making decisions for a group or organization, with little or no input from his or her subordinates.
  • authorized service provider (ASP) - An authorized service provider (ASP) is an organization that a product manufacturer has deemed qualified to service products covered under the manufacturer's warranty.
  • automotive subscription plan - An automotive subscription plan is a service that offers use of a motor vehicle to a driver for a monthly subscription fee.
  • availability bias - The availability bias is the human tendency to think that examples of things that come readily to mind are more representative than is actually the case.
  • B2B2C (business-to-business-to-consumer) - B2B2C (business-to-business-to-consumer) adds consumer e-commerce to the B2B (business-to-business) model, allowing a company to market its product or service more effectively by entering a B2B relationship with a company whose expertise is selling online.
  • backdoor selling - Backdoor selling is the unscrupulous practice of seeking information beyond what is publicly available as a means of gaining a competitive advantage for a contract or sale.
  • bandwagon effect - The bandwagon effect is a psychological phenomenon whereby people do something mostly because others are doing it, often ignoring their personal principles or underlying evidence.
  • Bank Secrecy Act (BSA) - The Bank Secrecy Act (BSA), also known as the Currency and Foreign Transactions Reporting Act, is legislation passed by the United States Congress in 1970 that requires U.
  • barter economy - A barter economy is a cashless economic system in which services and goods are traded at negotiated rates.
  • Basel Committee on Banking Supervision (BCBS) - The Basel Committee on Banking Supervision (BCBS) is a group of international banking authorities who work to strengthen the regulation, supervision and practices of banks and improve financial stability worldwide.
  • Basel III - Basel III is a set of standards and practices created to ensure that international banks maintain adequate capital to sustain themselves during periods of economic strain.
  • beginning of life (BOL) - Beginning of life (BOL), in the context of manufacturing and product lifecycles, is the first stages of a product’s existence.
  • benefit corporation - Benefit corporation is a type of corporate structure recognized by some state governments in the United States.
  • benefits administration - Benefits administration is the process of assembling and managing the benefits an organization provides to employees.
  • bespoke - Bespoke (pronounced bee-SPOHK) is a term used in the United Kingdom and elsewhere for an individually- or custom-made product or service.
  • best practice - A best practice is a technique or methodology that, through experience and research, has been proven to reliably lead to a desired result.
  • betamaxed - To be betamaxed is to have your superior product lose out in the market to an inferior one as a result of marketing, influence or some other factor unrelated to product quality.
  • Betteridge's law (of headlines) - Betteridge's law (of headlines) is an adage that states "Any headline that ends in a question mark can be answered by the word no.
  • BIC (bank identifier code) - A bank identifier code (BIC) is a unique identifier for a specific financial institution.
  • Big 4 (Final 4) - The Big 4, also known as the Final 4, are the four largest international accounting and professional services firms.
  • big bang adoption - Big bang adoption is a hardware or software migration method that involves getting rid of the existing system and transferring all users to the new system simultaneously.
  • big box store - A big box store is a very large brick and mortar retail location which sells a variety of merchandise, usually at a low price.
  • bill of lading (BoL, B/L) - A bill of lading (also seen as B/L and BoL) is a document given to a shipper by the carrier that details the shipment and serves as a means of transferring the title of goods.
  • bill of materials (BOM) - A bill of materials (BOM) is a comprehensive inventory of the raw materials, assemblies, subassemblies, parts and components, as well as the quantities of each, needed to manufacture a product.
  • bimodal IT (bimodal information technology) - Bimodal IT is a two-tiered IT operations model that allows for the creation of IT systems and processes that are stable and predictable as well as agile and fast.
  • Bitcoin Cash (BCH) - Bitcoin Cash (BCH) is an altcoin version of the popular Bitcoin cryptocurrency.
  • BizDevOps (Business, Development and Operations) - BizDevOps, also known as DevOps 2.
  • black swan event - A black swan event is an incident that occurs randomly and unexpectedly, and has a major effect on operations.
  • blackout period - A blackout period is a duration of time when access to something usually available is prohibited.
  • blockchain economy - The blockchain economy is a scenario and potential future environment in which the technology replaces current monetary systems, potentially on a global basis.
  • BLOT (build, lease, operate, transfer) - BLOT (build, lease, operate, transfer) is a public-private partnership (PPP) project model in which a private organization designs, finances and builds a facility on leased public land.
  • boil the ocean - To boil the ocean, in a business context, is to increase the scope of a project or task until it is practically impossible to accomplish as envisioned.
  • boilerplate - In information technology, a boilerplate is a unit of writing that can be reused over and over without change.
  • Bombay Stock Exchange - The Bombay Stock Exchange or BSE is Asia's oldest stock exchange.
  • BOO project (build, own, operate project) - BOO (build, own, operate) is a public-private partnership (PPP) project model in which a private organization builds, owns and operates some facility or structure with some degree of public involvement.
  • book of business - Book of business is another name for an account or client list.
  • BOOT (build, own, operate and transfer) - BOOT (build, own, operate, transfer) is a project funding model based on a financial agreement between a private contractor and a public organization.
  • Bootstrap - Bootstrap is a free and open source front-end development framework for the creation of websites and web apps.
SearchCompliance
  • ISO 31000 Risk Management

    The ISO 31000 Risk Management framework is an international standard that provides businesses with guidelines and principles for ...

  • pure risk

    Pure risk refers to risks that are beyond human control and result in a loss or no loss with no possibility of financial gain.

  • risk reporting

    Risk reporting is a method of identifying risks tied to or potentially impacting an organization's business processes.

SearchSecurity
  • Twofish

    Twofish is a symmetric-key block cipher with a block size of 128 bits and variable-length key of size 128, 192 or 256 bits.

  • walled garden

    On the internet, a walled garden is an environment that controls the user's access to network-based content and services.

  • potentially unwanted program (PUP)

    A potentially unwanted program (PUP) is a program that may be unwanted, despite the possibility that users consented to download ...

SearchHealthIT
SearchDisasterRecovery
  • What is risk mitigation?

    Risk mitigation is a strategy to prepare for and lessen the effects of threats faced by a business.

  • fault-tolerant

    Fault-tolerant technology is a capability of a computer system, electronic system or network to deliver uninterrupted service, ...

  • synchronous replication

    Synchronous replication is the process of copying data over a storage area network, local area network or wide area network so ...

SearchStorage
  • hard disk drive (HDD)

    A computer hard disk drive (HDD) is a non-volatile data storage device.

  • Remote Direct Memory Access (RDMA)

    Remote Direct Memory Access (RDMA) is a technology that enables two networked computers to exchange data in main memory without ...

  • storage (computer storage)

    Data storage is the collective methods and technologies that capture and retain digital information on electromagnetic, optical ...

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