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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.

SOC - TRA

  • social BPM (business process management) - Social business process management (BPM) is an approach to improving business processes that seeks to break down silos by encouraging a more collaborative, transparent approach to process improvement.
  • social business (social enterprise) - Social business is an umbrella term used to describe an organization that includes social media as part of its business plan.
  • social collaboration - Social collaboration is work that is carried out by more than one person.
  • social computing - Social computing is the collaborative and interactive nature of online behavior.
  • social entrepreneur - A social entrepreneur is an individual who conceptualizes and spearheads business enterprises, such as startups, that are focused on providing service to the community more than financial gain.
  • social media manager - A social media manager is the individual in an organization trusted with monitoring, contributing to, filtering, measuring and otherwise guiding the social media presence of a brand, product, individual or corporation.
  • social media marketing (SMM) - Social media marketing (SMM) is a form of Internet marketing that utilizes social networking websites as a marketing tool.
  • social media policy - A social media policy (also called a social networking policy)  is a corporate code of conduct that provides guidelines for employees who post content on the Internet either as part of their job or as a private person.
  • social media recruiting (social media recruitment) - Social media recruiting is an HR strategy to better attract active and passive job candidates.
  • social media ROI - Social media ROI refers to the return on investment a company can expect to make from its investment in social media technologies.
  • social sourcing - Social sourcing, also called social recruiting, is a type of e-recruitment in which recruiters and HR managers search for job candidates by using social media sites.
  • soft copy - A soft copy (sometimes spelled "softcopy") is an electronic copy of some type of data, such as a file viewed on a computer's display or transmitted as an e-mail attachment.
  • soft skills - A soft skill is a personal attribute that supports situational awareness and enhances an individual's ability to get a job done.
  • sole proprietorship - A sole proprietorship is an unincorporated business owned by a single individual or a couple who files a single tax return.
  • SoLoMo (social, local and mobile) - SoLoMo (social, local and mobile) is a term representing the convergence of collaborative, location-based and on-the-go technologies, primarily used for marketing and discovery purposes.
  • solution provider - A solution provider is a vendor, a service provider or a value-added reseller (VAR) that comprehensively handles the project needs of their client from concept to installation through support.
  • solution selling - Solution selling refers to the philosophy or practice of uncovering a customer's pain points and then providing products and services that address the underlying business problem.
  • SOX Section 404 (Sarbanes-Oxley Act Section 404) - SOX Section 404 (Sarbanes-Oxley Act Section 404) mandates that all publicly-traded companies must establish internal controls and procedures for financial reporting.
  • sparkline - A sparkline is a small embedded line graph that illustrates a single trend.
  • special purpose acquisition company (SPAC) - A special purpose acquisition company (SPAC) is a corporation formed by private individuals to facilitate investment through an initial public offering (IPO).
  • speculative risk - Speculative risk is a category of risk that can be taken on voluntarily and will either result in a profit or loss.
  • spend management - In an enterprise, spend management is managing how to spend money to best effect in order to build products and services.
  • SPI model - SPI is an acronym for the most common cloud computing service models, software as a service, platform as a service and infrastructure as a service.
  • SPIF (sales performance incentive fund) - A SPIF(sales performance incentive fund) is a financial incentive that encourages a sales representative to sell a specific item or group of items.
  • spin (PR, marketing) - Spin, in the context of public relations (PR) and journalism, is the selective assembly of fact and the shaping of nuance to support a particular view of a story.
  • spiral model - The spiral model is a systems development lifecycle (SDLC) method used for risk management that combines the iterative development process model with elements of the waterfall model.
  • spreadsheet controls - Spreadsheet controls are a set of steps that an organization's accounting personnel can take to ensure accuracy and integrity of financial records and bookkeeping procedures.
  • stacked ranking - Stacked ranking is an employee evaluation method that slots a certain percentage of employees into each of several  levels of performance.
  • stakeholder - A stakeholder is a person or group who has an interest -- vested or otherwise -- in an enterprise and whose support is required in order for an enterprise to be successful.
  • standardization - Standardization is the process of developing, promoting and possibly mandating standards-based and compatible technologies within a given industry.
  • startup company - A startup company is a newly formed business with particular momentum behind it based on perceived demand for its product or service.
  • startup culture - Startup culture refers to how people within a new business, or startup, work together.
  • statement of work (SOW) - A statement of work (SOW), in project management, is a document in which a contracting officer or chief procurement officer (CPO) specifies the objectives and deliverables for a particular project or service contract.
  • statutory reporting - Statutory reporting is the mandatory submission of financial and non-financial information to a government agency.
  • steering committee - A steering committee is a group of high-level advisors who have been appointed to provide an organization or project with direction.
  • stop loss order - A stop loss order is a market order that sets a minimum value, below which an investment broker sells a stock or other security at the next available time.
  • storyboard - A storyboard is a graphic organizer that provides the viewer with a high-level view of a project.
  • strategic inflection point - A strategic inflection point is a time period when significant change in the business environment requires an organization to respond effectively or face deterioration.
  • strategic innovation - Strategic innovation is a company's process of reinventing its corporate strategy to encourage growth, create value for the company and its customers, and gain competitive differentiation.
  • strategic leadership - Strategic leadership is a practice in which executives, using different styles of management, develop a vision for their organization that enables it to adapt to or remain competitive in a changing economic and technological climate.
  • strategic management - Strategic management is the continuous planning, monitoring, analysis and assessment of all that is necessary for an organization to meet its goals and objectives.
  • strategic planning - Strategic planning is the process executives undertake in order to make thoughtful decisions about their organization’s mission, values and goals, and properly allocate resources to fulfill those directives.
  • strategic sourcing - Strategic sourcing is an approach to supply chain management that formalizes the way information is gathered and used so that an organization can leverage its consolidated purchasing power to find the best possible values in the marketplace.
  • Strunk's rules - Here is a list of the seven elementary rules of English usage and 11 elementary principles of composition from William Strunk, Jr.
  • subcontract - A subcontract is a contract between a prime contractor and a subcontractor to furnish supplies or services for the performance of a prime contract or subcontract.
  • subscription management - Subscription management is the process of overseeing and controlling all aspects of products and services sold repeatedly through a weekly, monthly, quarterly or yearly subscription-based pricing model.
  • subsidiary - A subsidiary is a business that is wholly or partially owned by another business, sometimes called the parent company or holding company.
  • succession planning - Succession planning is the process of developing talent to replace executive, leadership or other key employees when they transition to another role, leave the company, are fired, retire or die.
  • sugging - Sugging, also spelled SUGGing, is an acronym that stands for "selling under the guise” of research.
  • sunk cost (SC) - A sunk cost is money that has already been spent and cannot be recovered.
  • sunk cost effect - The sunk cost effect is the tendency for humans to continue investing in something that clearly isn’t working.
  • sunsetting - Sunsetting, in a business context, is intentionally and gradually phasing something out.
  • Supplier performance management (SPM) - Supplier performance management (SPM) is a blanket term for any business practice that is designed to manage, measure and analyze the performance of a supplier or suppliers in a network.
  • supplier risk management - Supplier risk management is the process of identifying, assessing and controlling threats to an organization's capital and earnings that are caused by the organization's supply chain.
  • supply and demand - The laws of supply and demand are the observed relationships between the amount of something that is available for purchase, the level of desire consumers have to buy it and the price.
  • supply chain (SC) - A supply chain (SC) is the network of all the individuals, organizations, resources, activities and technology involved in the creation of a product from source materials and its eventual delivery to the end user.
  • supply chain analytics - Supply chain analytics is the application of analytics to supply chain data to improve forecasting and efficiency and be more responsive to customer needs.
  • supply chain finance - Supply chain finance is a set of technology-enabled business and financial processes that provides flexible payment options for a buyer (such as a manufacturer) and one of their suppliers (for example, a raw materials supplier), typically through the services of a financial institution at lower financing costs.
  • supply chain management (SCM) - Supply chain management (SCM) is the broad range of activities required to plan, control and execute a product's flow, from acquiring raw materials and production through distribution to the final customer, in the most streamlined and cost-effective way possible.
  • Supply Chain Operations Reference (SCOR) - Supply Chain Operations Reference (SCOR) is the process reference model used across industries as a supply chain management diagnostic tool.
  • supply chain risk management (SCRM) - Supply chain risks include cost volatility, material shortages, supplier financial issues and disasters.
  • supply chain security - Supply chain security is the part of supply chain management (SCM) that focuses on minimizing risk for supply chain, logistics and transportation management systems (TMS).
  • supply chain sustainability (SCS) - Supply chain sustainability (SCS) is a holistic view of supply chain processes, logistics and technologies that addresses the environmental, social, economic and legal aspects of a supply chain's components.
  • supply chain visibility (SCV) - Supply chain visibility (SCV) is the ability of parts, components or products in transit to be tracked from the manufacturer to their final destination.
  • sustainability risk management (SRM) - Sustainability risk management (SRM) is a business strategy that aligns profit goals with a company's environmental policies.
  • sustainable procurement - Sustainable procurement is the meeting of business needs for materials, goods, utilities and services in an environmentally-friendly, responsible and ethical way.
  • SWIFT FIN message - SWIFT FIN is a message type (MT) that transmits financial information from one financial institution to another.
  • swivel chair interface - A swivel chair interface is a system for user input and interaction that requires them to move from one interface to another, sometimes duplicating work.
  • SWOT analysis (strengths, weaknesses, opportunities and threats analysis) - SWOT analysis (strengths, weaknesses, opportunities and threats analysis) is a framework for identifying and analyzing the internal and external factors that can have an impact on the viability of a project, product, place or person.
  • synectics - Synectics is a method of problem-solving that focuses on cultivating creative thinking, often among small groups of individuals with diverse experience and skills.
  • SYSPRO - SYSPRO is a vendor that specializes in providing ERP and other integrated business software to midsize manufacturers and distributors.
  • systemic risk - Systemic risk is a category of risk that describes threats to a system, market or economic segment.
  • systems development life cycle (SDLC) - The systems development life cycle (SDLC) is a conceptual model used in project management that describes the stages involved in an information system development project, from an initial feasibility study through maintenance of the completed application.
  • systems of engagement - Systems of engagement are decentralized IT components that incorporate communication technologies such as social media to encourage and enable peer interaction.
  • systems thinking - Systems thinking is a holistic approach to analysis that focuses on the way that a system's constituent parts interrelate and how systems work over time and within the context of larger systems.
  • T-shaped employee - A T-shaped employee, in the context of human resources, is an individual that has a depth of knowledge and skills in a particular area of specialization, along with a breadth of knowledge in related areas and the ability to make connections across disciplines.
  • talent pipeline - A talent pipeline is a pool of candidates who are ready to fill a position.
  • targeted ad (targeted advertising) - A targeted ad, in online marketing, is an advertisement that is served to a specific audience, which could be a particular demographic, a group or an individual.
  • Tata Consultancy Services (TCS) - Tata Consultancy Services (TCS) is India's top software and services exporter.
  • technology-assisted review (TAR) - Technology-assisted review (TAR) uses software to search and sort through documents that are relevant for the purposes of e-discovery.
  • telecom cloud provider - A telecom cloud provider is a telecommunications company that has shifted a significant part of its business from landline service to devote resources to providing cloud services.
  • Telecom Regulatory Authority of India (TRAI) - Telecom Regulatory Authority of India (TRAI) is an independent regulatory body established by the Telecom Regulatory Authority of India Act 1997 to oversee the telecommunications industry in India.
  • telepresence room - A telepresence room is a conference space dedicated to high-end videoconferencing.
  • Theory of Constraints (TOC) - The Theory of Constraints (TOC) is a philosophy of management and continuous improvement originally developed by Dr.
  • third party - A third party is an entity that is involved in some way in an interaction that is primarily between two other entities.
  • thought leader (thought leadership) - A thought leader is a person who or organization that is widely recognized as an expert in a given field and whose opinions are in high demand.
  • tier 1 vendor - A tier 1 vendor is one of the largest and most well known in its field -- often enjoying national or international recognition and acceptance.
  • tier 2 vendor - A tier 2 vendor is a smaller and less well-known provider as compared to a tier 1 vendor and is often also limited in its geographic coverage as well.
  • time management - Time management is the coordination of people's tasks and activities to maximize the effectiveness of their efforts.
  • time series chart - A time series chart, also called a times series graph or time series plot, is a data visualization tool that illustrates data points at successive intervals of time.
  • time to value (TtV) - Time to value (TtV) is a business term that describes the period of time between a request for a specific value and the initial delivery of the value requested.
  • time value of money - Time value of money is the concept that money acquired sooner or held onto longer has a greater worth or potential worth due to the possible accumulation of interest or ROI while that money is saved or invested.
  • timeboxing - A timebox is a strictly-enforced limit on how long a given task or project can take: There is no allowance made for the possibility of extension.
  • timeline - A timeline is the presentation of a chronological sequence of events along a drawn line that enables a viewer to understand temporal relationships quickly.
  • TIN number (taxpayer Identification number) - A taxpayer Identification number (TIN) is an employer identification number assigned by the Internal Revenue Service (IRS) when registering a company to do business in the United States.
  • tl;dr (TL;DR) - TL;DR is an abbreviation for "too long; didn't read" that is used to indicate that the person posting about an article either didn't read it in its entirety or didn't read it at all.
  • tooling - Tooling, also known as machine tooling, is the process of acquiring the manufacturing components and machines needed for production.
  • top line - Top line is a number that represents a company’s gross revenue or sales from products or services; this figure is so-named because it appears at the top of an income statement.
  • Top searches of 2008 - What were people searching the WhatIs.
  • total benefit of ownership (TBO) - Total benefit of ownership is the sum of measurable and intangible returns that a company receives from investing in assets and/or personnel.

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