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.

FIN - INF

  • financial analytics - Financial analytics is the creation of ad hoc analysis to answer specific business questions and forecast possible future financial scenarios.
  • financial consolidation - Financial consolidation is the process of combining financial data from several departments or business entities within an organization, usually for reporting purposes.
  • financial controller - A financial controller, also referred to as financial comptroller, is a senior-level executive who usually reports to an organization's chief financial officer (CFO).
  • financial data management - Financial data management (FDM) is a process and policy, usually assisted by specialized software, that allows an enterprise or institution to consolidate its financial information, maintain compliance with accounting rules and laws, and produce detailed financial reports.
  • Financial Industry Regulatory Authority (FINRA) - The Financial Industry Regulatory Authority (FINRA) is an independent regulator securities firms doing business in the United States.
  • financial management system - A financial management system is the methodology and software that an organization uses to oversee and govern its income, expenses, and assets with the objectives of maximizing profits and ensuring sustainability.
  • financial modeling - Financial modeling is the construction of spreadsheet models that illustrate a company's likely financial results in quantitative terms.
  • financial planning and analysis (FP&A) - Financial planning and analysis (FP&A) is the budgeting, forecasting and analytical processes that support an organization's financial health and business strategy.
  • financial reporting - Financial reporting is the process of producing the reports, called statements, that disclose an organization's financial status to management, investors and the U.
  • financial supply chain management - Financial supply chain management (FSCM) is a set of software tools and processes designed to enhance an organization’s product flow, maximizing profitability and minimizing expenses.
  • FinancialForce.com - FinancialForce is a cloud applications company that makes enterprise resource planning (ERP) software for Force.
  • finite capacity scheduling - In manufacturing, finite capacity scheduling is an approach to understanding how much work can be produced in a certain time period, taking limitations on different resources into consideration.
  • FinOps - FinOps -- a combination of the terms finance and DevOps -- is a framework for managing Opex across an organization, often in conjunction with the cloud and cloud computing.
  • FinTech - FinTech (a portmanteau of financial tech) is the use of new technology and delivery models to complement or compete with traditional financial service delivery processes.
  • fiscal quarter - A fiscal quarter is one of the four three-month periods that make up an organization’s fiscal year.
  • fiscal year - A fiscal year is the twelve-month period that an organization uses for budgeting, forecasting and reporting.
  • fishbone diagram (Ishikawa cause and effect) - A fishbone diagram is a visualization tool for categorizing the potential root causes of a problem.
  • fixed price - A fixed price is a non-negotiable sum charged for a product, service or piece of work.
  • fixed price contract - A fixed-price contract, also known as a lump sum contract, is an agreement between a vendor or seller and a client that stipulates goods and/or services that will be provided and the price that will be paid for them.
  • flexible workforce - A flexible workforce is one that grows in number to meet needs at any given time and falls back to a baseline number when the increased size is no longer necessary.
  • float (project float, slack) - In project management, float or slack is the time span between the completion of the last task on the critical path and the finish date for the project.
  • FMEA (failure mode and effective analysis) - FMEA (failure mode and effective analysis) is a step-by-step approach for collecting knowledge about possible points of failure in a design, manufacturing process, product or service.
  • Force.com - Force.com is a Platform as a Service (PaaS) product designed to simplify the development and deployment of cloud-based applications and websites.
  • format war - A format war is a competition for market dominance -- and often survival -- between two or more producers of a particular type of product.
  • Fortune 500 - The Fortune 500 is Fortune Magazine's annual ranking of the United States' 500 largest corporations.
  • four eyes principle - The four eyes principle is a requirement that two individuals review and approve some action before it can be taken.
  • fractional CIO - A fractional CIO is a high-level consultant who specializes in aligning information technology (IT) with business goals.
  • framing effect - Framing effect is a form of cognitive bias which causes people to focus more on the positive or negative aspects of a decision, situation or information based on the way it is presented.
  • freemium - Freemium is a way of promoting services by offering the basic features at no cost, charging a premium only for supplemental features.
  • frictionless commerce - Frictionless commerce is a method of using data from devices, apps and websites to integrate buying opportunities as simply and seamlessly as possible into consumers’ everyday activities and natural environments.
  • Fulfillment by Amazon (FBA) - Fulfillment by Amazon (FBA) is an advanced service in which third-party vendors store their products in Amazon’s fulfillment centers and the e-commerce giant picks, sorts, packs, ships, keeps records, and handles returns and refunds for these products.
  • fulfillment center - A fulfillment center is a warehouse where incoming orders are received, processed and filled.
  • G-code - G-code (also known as RS-274) is the name of the most prevalent programming language for computer numerical control (CNC) in computer-aided design and manufacturing (CAD/CAM).
  • GAAP (generally accepted accounting principles) - GAAP (generally accepted accounting principles) is a collection of commonly followed accounting rules and standards for financial reporting.
  • gamification - Gamification is the application of game theory concepts and techniques to non-game activities.
  • GDSN (Global Data Synchronization Network) - GDSN (Global Data Synchronization Network) is an internet-based network that enables trading partners to exchange product-identification data in a standardized way in real time.
  • Genchi Genbutsu - Genchi Genbutsu is the Japanese principle of going to and directly observing a location and its conditions in order to understand and solve any problems faster and more effectively.
  • general ledger (GL) - A general ledger (GL) is a set of numbered accounts a business uses to keep track of its financial transactions and to prepare financial reports.
  • Generation Z - Generation Z is the demographic cohort following Generation Y -- which is more popularly known as the Millennial Generation.
  • geo-marketing - Geo-marketing is a tool that uses geographic, or location-based, information to help companies put together marketing strategies and campaigns.
  • ghost asset - A ghost asset is a fixed asset in a general ledger (GL) that cannot be accounted for because it is physically missing or otherwise rendered unusable.
  • gift economy - A gift economy is one in which services or goods are given without an agreement as to a suitable payment or trade to be made in return.
  • gig economy - A gig economy is a free market system in which temporary positions are common and organizations hire independent workers for short-term commitments.
  • globalization - Globalization is the process by which ideas, goods and services spread throughout the world.
  • GMP (good manufacturing practice) - A good manufacturing practice (GMP) is one that conforms to the guidelines set by the regulatory agencies that control authorization and licensing for the production and sale of food, beverages and active pharmaceutical products.
  • go-live (go live) - Go-live is the time at which something becomes available for use.
  • go-to-market strategy (GTM strategy) - A go-to-market strategy (GTM strategy) is an action plan that specifies how a company will reach target customers and achieve competitive advantage.
  • gold plating - Gold plating is the practice of making changes to a project that are outside of the original agreed-upon scope.
  • Google Adsense - Google AdSense is a program in which enterprises can display Google advertisements on Web sites and earn revenue from hits that generate traffic for the Google search engine s.
  • Google Trends - Google Trends is a free service provided by Google that displays how often specific keywords, subjects and phrases have been searched for on Google over a period of time.
  • GR/IR clearing accounts - A GR/IR (goods-receipt/invoice-receipt) clearing account is a bookkeeping device that can be used when goods arrive before the invoice is generated, or when an invoice arrives before the goods are delivered.
  • great recession (Great Recession) - Great recession is a label used by journalists and  economists to describe a severe, prolonged economic downturn.
  • green IT (green information technology) - Green IT (green information technology) is the practice of environmentally sustainable computing.
  • green procurement - Green procurement is a continuous commitment to start-to-finish process management with consideration for environmental impact in business activities used to meet needs for materials, goods, utilities and services.
  • greenwashing - Greenwashing is the practice of making an unsubstantiated or misleading claim about the environmental benefits of a product, service, technology or company practice.
  • gross revenue - Gross revenue is the total of all money generated by a business, without taking into account any part of that total that has been or will be used for expenses.
  • group think - Group think (also spelled groupthink) is a phenomenon that occurs when group's need for consensus supersedes the judgment of individual group members.
  • Groupon - Groupon is a marketing service that offers its subscribers daily discount coupons by email, Facebook and Twitter feeds.
  • growth potential - Growth potential is an organization's future ability to generate larger profits, expand its workforce and ramp up its production.
  • GS1 - GS1 is a global, not-for-profit association that maintains standards for barcodes and RFID tags and for supply chain messaging such as Electronic Data Interchange (EDI).
  • guaranteed income - Guaranteed income is an umbrella term for a number of models designed to deliver funds to a given population.
  • hard skills - Hard skills are specific abilities, or capabilities, that an individual can possess and demonstrate in a measured way.
  • hardware-as-a-service (in managed services) - Hardware-as-a-service (HaaS) is a procurement model that is similar to leasing or licensing in which hardware that belongs to a managed service provider (MSP) is installed at a customer's site and a service level agreement (SLA) defines the responsibilities of both parties.
  • Hawthorne effect - The Hawthorne effect is the modification of behavior by study participants in response to their knowledge that they are being observed or singled out for special treatment.
  • Heroku - Heroku is a cloud-based development platform as a service (PaaS) provider.
  • hierarchical corporate culture - A hierarchical corporate culture is an organizational model based on clearly defined corporate levels and structures.
  • HiPPO (highest paid person's opinion, highest paid person in the office) - HiPPOs (highest paid person's opinions) is a term used to describe an organization's reliance on executive instinct rather than data in the decision-making process.
  • holacracy - A holacracy is a governance structure characterized by a distribution of power among self-organizing groups, rather than the typical top-down hierarchical corporate culture model.
  • holistic (holistic technology) - Holistic (holistic technology) is a concept concerned with treatment of entire systems, rather than the analysis, treatment or segmentation of parts of those systems.
  • Hosted CRM - Hosted CRM is an arrangement in which a company outsources some or all of its customer relationship management (CRM) functions to an application service provider (ASP).
  • hosted services - Hosted services are applications, IT infrastructure components or functions that organizations access from external service providers, typically through an internet connection.
  • hot desking - Hot desking is a work space sharing model in which employees outnumber desks.
  • HP Channel Services Network (HP CSN) - HP Channel Services Network (HP CSN) is a Web-based management system and membership program for HP's authorized channel service partners.
  • HP Partner First Program (formerly HP PartnerOne program) - HP Partner First is a channel partner program that provides resources and benefits for value-added resellers (VARs), systems integrators (SIs), service providers, hosting providers, independent software vendors (ISVs), distributors and other businesses that want to collaborate with HP Inc.
  • HRIS (human resource information system) - A human resource information system (HRIS) is software that provides a centralized repository of employee master data that the human resource management (HRM) group needs for completing core human resource (core HR) processes.
  • HubSpot - HubSpot is a company that sells software designed for inbound marketing, including content management, search engine optimization and other tools.
  • human capital management (HCM) - Human capital management (HCM) is a comprehensive set of practices and tools used for recruiting, managing and developing employees.
  • human resource management (HRM) - Human resource management (HRM) is the practice of recruiting, hiring, deploying and managing an organization's employees.
  • Human Resources (HR) Generalist - A human resources (HR) generalist is an employee in the HR department who handles a wide variety of responsibilities.
  • human-centric BPM - Human-centric business process management is an approach to BPM  that considers human skills and activities first and uses automated functions to support them.
  • hurdle rate - A hurdle rate is the required rate of return above which an investment makes sense and below which it does not.
  • hybrid manufacturing - Hybrid manufacturing is a term that describes combining additive manufacturing and subtractive manufacturing in a single machine system.
  • IBM Daksh (IBM Global Process Services) - IBM Daksh, also known as IBM Global Process Services, is a business process outsourcing (BPO) firm that was formerly known as Daksh eServices.
  • IBM OpenPages - IBM OpenPages is a governance, risk and compliance (GRC) platform that centralizes services and components associated with the challenges and management of regulatory initiatives.
  • IBM PartnerWorld - IBM PartnerWorld is a program run by IBM that outlines how the company works with IBM Business Partners such as VARs, systems integrators, managed service providers, consultants and independent software vendors.
  • ideation management - Ideation management refers to creating, gathering, analyzing, disseminating and executing on idea generation within the enterprise.
  • identity management (ID management) - Identity management (ID management) is the organizational process for ensuring that individuals have the appropriate access to technology resources.
  • IFS AB - IFS AB (Industrial and Financial Systems) is an ERP software vendor that specializes in asset-intensive, project-centric industries, such as manufacturing and distribution.
  • impact sourcing - Impact sourcing is a service provision model in which jobs or tasks are outsourced to economically disadvantaged areas as a means of improving the situation of people living there.
  • impact-based advertising - What is impact-based advertising?Impact-based advertising is a form of advertising designed to have a lasting psychological effect on viewers so they will remember the product or vendor.
  • implied consent - Implied consent is an assumption of permission to do something that is inferred from an individual's actions rather than explicitly provided.
  • in-house marketing - In-house marketing is any marketing initiative that is not outsourced to a third party.
  • inbound marketing - Inbound marketing is a strategy that focuses on attracting customers, or leads, via company-created Internet content, thereby having potential customers come to the company rather than marketers vying for their attention.
  • incremental innovation - Incremental innovation is the introduction of small improvements or upgrades to already existing products, services, processes or methods.
  • indirect competition - Indirect competition is between two vendors whose products or services are not the same but that could satisfy the same consumer need.
  • industrial automation - Industrial automation is the control of machinery and processes used in various industries by autonomous systems, which may involve robots or computer software.
  • Industry 4.0 - Industry 4.0, which refers to the fourth industrial revolution, is the cyber-physical transformation of manufacturing.
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