Browse Definitions :

Enterprise resource planning (ERP)

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

USE - ZER

  • user installed application (UIA) - User installed applications (UIA) are programs that are installed on a computer by an end user, instead of by a corporate IT department.
  • validated learning - Validated learning is an approach to demonstrating progress against business goals when traditional key performance indicators (KPIs) are not very useful.
  • value driver - A value driver is an activity or capability that adds worth to a product, service or brand.
  • value innovation - Value innovation is the implementation of upgrades or new technologies designed to help a company differentiate its products or services while lowering costs.
  • value proposition - A value proposition is a statement that clearly identifies the benefits a company's products and services will deliver to its customers.
  • value stream mapping - Value stream mapping is a Toyota lean manufacturing visualization tool for documenting all the processes that are required to bring a product to market.
  • value-based pricing - Value-based pricing is a method of arriving at an amount to charge for goods or services through assessing their perceived value to the purchaser.
  • value-sensitive design (VSD) - Value-sensitive design (VSD) is a concept and methodology that stresses the importance of incorporating human values in the design of technology throughout the design process.
  • VAR agreement (value-added reseller agreement) - A VAR agreement is a legal contract between a manufacturer and a value-added reseller that specifies details of the rights and obligations of both parties.
  • VAR-to-VAR - VAR-to-VAR is a business model based on cooperation between value-added resellers (VARs) that allows the companies to obtain professional services and solutions outside their specialties or geographic areas.
  • vCIO (virtual CIO) - A vCIO, or virtual CIO, serves as an organization's chief information officer, but is a contractor rather than a regular employee.
  • vendor - A vendor is an individual or company that sells goods or services to somone else in the economic production chain.
  • vendor management office (VMO) - A vendor management office (VMO) is an internal unit within an enterprise that is charged with evaluating third-party providers of goods and services, supervising day-to-day interactions and managing longer-term relationships.
  • vendor management system (VMS) - A vendor management system (VMS) is an enterprise software platform that allows companies to control the process of procuring and managing a flexible workforce, including temporary employees, statement-of-work (SOW) employees, and freelance or contract employees.
  • vendor neutral - Vendor neutrality is a business and design approach that seeks to ensure broad compatibility and interchangeability of products and technologies.
  • vendor risk management (VRM) - Vendor risk management (VRM) is a comprehensive plan for identifying and decreasing potential business uncertainties and legal liabilities regarding the hiring of 3rd party vendors for IT products and services.
  • venture capital (VC) - Venture capital (VC) is funding invested, or available for investment, in an enterprise that offers the probability of profit along with the possibility of loss.
  • verb / predicate - A verb is a word that indicates a physical or mental action or a state of being.
  • video interview - A video interview is a job interview that takes place remotely and uses video technology as the communication medium.
  • video resume - A video resume is a brief account of a job applicant's professional experience, qualifications and interests, submitted to a prospective employer in video form.
  • viral ad - A viral ad is an advertisement that achieves wide-spread reach because people who view it are inclined to share it among their social networks.
  • virtual commissioning - Virtual commissioning is the practice of using 3D technology to create a simulation model of a manufacturing plant so that proposed changes and upgrades can be tested before they are implemented to the actual plant.
  • virtual desktop - A virtual desktop is a computer operating system that does not run directly on the endpoint hardware from which a user accesses it.
  • virtual manufacturing - Virtual manufacturing (VM) is the use of computers to model, simulate and optimize the critical operations and entities in a factory plant.
  • virtual power plant - A virtual power plant is the combination of numerous solar-powered, battery-backed homes delivering excess power back into the grid to provide power for other locations.
  • virtual reality-based training (VRBT) - Virtual reality-based training (VRBT) is an interactive and immersive teaching method that employs technology to provide virtual scenarios to simulate situations that might occur in actual settings.
  • VisiCalc - VisiCalc was the original computer spreadsheet program.
  • vision statement - A vision statement is an organization's declaration of its mid-term and long-term goals, stating what they want to become in the future.
  • VMware Partner Network - The VMware Partner Network is a global channel partner program with benefits and support to provide VMware's virtualization and cloud technology.
  • voice of the customer (VOC) - Voice of the customer (VOC) is the component of customer experience that focuses on customer needs, wants, expectations and preferences.
  • voluntary severance package - A voluntary severance package is a financial and benefits-based incentive offered to motivate employees to leave a company of their own accord.
  • VUCA (volatility, uncertainty, complexity and ambiguity) - VUCA is an acronym that stands for volatility, uncertainty, complexity and ambiguity, a combination of qualities that, taken together, characterize the nature of some difficult conditions and situations.
  • vulture capital - Vulture capital is funds invested to profit from unsuccessful enterprises and individuals or organizations that lack the resources to achieve success.
  • warez - Warez (pronounced as though spelled "wares" or possibly by some pronounced like the city of "Juarez") is a term used by software "pirates" to describe software that has been stripped of its copy-protection and made available on the Internet for downloading.
  • waterfall model - The waterfall model is a linear, sequential approach to the software development life cycle (SDLC) that is popular in software engineering and product development and emphasizes a logical progression of steps.
  • WeWork - WeWork is a company that rents office space to startups, small businesses and large enterprises.
  • What is BCDR? Business continuity and disaster recovery guide - Business continuity (BC) and disaster recovery (DR) are closely related practices that support an organization's ability to remain operational after an adverse event.
  • What is customer experience management (CEM or CXM)? - Building brand loyalty among customers involves a customer-centric strategy and measuring feedback through voice of the customer data to improve customer experiences.
  • What is supply chain management (SCM) and why is it important? - Supply chain management (SCM) is the broad range of activities required to plan, control and execute a product's flow from materials to production to distribution in the most economical way possible.
  • Whistleblower Protection Act - The Whistleblower Protection Act of 1989 is a law that protects federal government employees in the United States from retaliatory action for voluntarily disclosing information about dishonest or illegal activities occurring in a government organization.
  • white label cloud service - A white label cloud service is a cloud provider that sells customers resources that they can, in turn, offer to their own customers under their own brand.
  • white space device (WSD) - A white space device is an FCC-certified wireless device that can be used without an exclusive broadcast license in the RF spectrum below 700 MHz: underutilized, unlicensed portions of the spectrum called white space.
  • whole-team approach (team-based approach) - Whole-team approach, also called team-based approach, is a strategy for project management in which everyone on the project team is held equally responsible for the quality and success of the project.
  • wholesale price - Wholesale price is the price charged for a product as sold in bulk to large trade or distributor groups as opposed to what is charged to consumers.
  • wikinomics - Wikinomics is a term that describes the effects of extensive collaboration and user-participation on the marketplace and corporate world.
  • Wikitribune - Wikitribune is crowdfunded news website created by Wikipedia founder Jimmy Wales in order to combat fake news online.
  • Windows Server Update Services (WSUS) - Windows Server Update Services (WSUS), also called Windows Update Services (WUS), is a free add-on for managing patches and updates to the Microsoft Windows XP, Windows Server 2000, and Windows Server 2003 operating systems.
  • Wipro Technologies (Wipro Limited) - Wipro Technologies, also known as Wipro Limited, is an India-based software and technology services provider that targets the global market.
  • witching hour - Witching hour, in a financial context, is the final hour of daily trading in the stock market between the close of the bond market at 3 p.
  • WNS Global Services (WNS Holdings) - WNS Global Services (WNS Holdings Ltd) is a Mumbai-based business process outsourcing (BPO) company that provides services to enterprises worldwide.
  • work breakdown structure (WBS) - A work breakdown structure (WBS) is a chart in which the critical work elements, called tasks, of a project are illustrated to portray their relationships to each other and to the project as a whole.
  • work in progress (WIP) - Work in progress (WIP), also called work in process, is inventory that has begun the manufacturing process and is no longer included in raw materials inventory but is not yet a completed product.
  • work-life balance - Work-life balance is the optimal arrangement of an individual’s on-the-job and private time to facilitate health and personal satisfaction without hindering productivity or professional success.
  • workflow automation - Workflow automation is an approach to making the flow of tasks, documents and information across work-related activities perform independently in accordance with defined business rules.
  • workforce analytics - Workforce analytics is a combination of software and methodology that applies statistical models to worker-related data, allowing enterprise leaders to optimize human resource management (HRM).
  • workforce management (WFM) - Workforce management (WFM) is an integrated set of processes that a company uses to optimize the productivity of its employees.
  • Workforce management (WFM) software - Workforce management (WFM) software is an umbrella term for desktop and mobile programs that help a business manage staff scheduling.
  • workforce planning - Workforce planning is the strategy used by employers to anticipate labor needs and deploy workers most effectively, usually with advanced human resources technology.
  • working capital - Working capital is the difference between a business's current assets and current liabilities.
  • World's Most Ethical (WME) - The World’s Most Ethical Companies (WME) is an unranked list published annually by the Ethisphere Institute in New York.
  • XaaS (Anything as a Service) - XaaS is a general, collective term that refers to the delivery of anything as a service.
  • xenodochial - Xenodochial is an adjective describing something, such as a person, place, or software application, that is friendly to strangers.
  • zero-based thinking (ZBT) - Zero-based thinking (ZBT) is a decision-making process based on imagining yourself back at the point before particular decisions were made, and free to make those decisions with the knowledge that you have now about their outcome.
  • zero-sum game - A zero-sum game is a situation in which the potential gain for players remains constant.

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