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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.

HIP - IT

  • 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.
  • holding company - A holding company is a business that exists for the purpose of owning other companies and typically does not produce goods or offer services other than through its subsidiaries.
  • 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 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.
  • ikigai - Ikigai is a Japanese word whose meaning encompasses joy, a sense of purpose and meaning and a feeling of well-being.
  • 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.
  • inflection point - An inflection point, in a general sense, is a decisive moment in the course of some entity, event or situation; typically, an inflection point marks a significant change.
  • influencer (social influencer) - An influencer's actions and opinions have more impact on their colleagues, social network and the general public than most other individuals have.
  • influencer marketing - Influence marketing can be broken down into a few stages.
  • infonomics - Infonomics is a social science that involves studying the production and consumption of information and the transfer of money to produce, sell or obtain it.
  • information - Information is stimuli that has meaning in some context for its receiver.
  • Information Age - The Information Age refers to the idea that access to and the control of information is the defining characteristic of this current era in human civilization.
  • information arbitrage - Information arbitrage is an instrument for creating opportunities in the marketplace by identifying trends ahead of others and acting on them.
  • information asymmetry - Information asymmetry is an imbalance between the knowledge of relevant factors and details between two negotiating parties.
  • information governance - Information governance is a holistic approach to managing corporate information by implementing processes, roles, controls and metrics that treat information as a valuable business asset.
  • information life cycle management (ILM) - Information life cycle management (ILM) is a comprehensive approach to managing the flow of an information system's data and associated metadata from creation and initial storage to the time when it becomes obsolete and is deleted.
  • information rights management (IRM) - Information rights management (IRM) technologies help control, secure and manage content from unwanted access.
  • information silo - An information silo is a business division or group of employees within an organization that fails to communicate freely or effectively with other groups, including management.
  • inherent risk - Inherent risk is a category of threat that describes potential losses or pitfalls that exist before internal security controls or mitigating factors are implemented.
  • innovation culture - Innovation culture is an environment that organizations cultivate in order to nurture new, creative thinking and its application.
  • innovation management - Innovation management is the process of managing an organization's innovation procedure, which helps increase competitive advantage and drives business growth.
  • innovation manager - An innovation manager fosters the development of new products, services and processes.
  • innovation process management (IPM) - Innovation process management (IPM) a systematic approach to nurturing the creative capabilities of employees and creating a workplace environment that encourages new ideas for workflows, methodologies, services or products.
  • insider trading - Insider trading is the buying and selling of securities based on information that has not been made available to the general public.
  • insourcing - Insourcing is a business practice in which work that would otherwise have been contracted out is performed in house.
  • intangible asset - Intangible assets are those assets that are based off non-physical assets.
  • integrated accounting system - An integrated accounting system is a type of software that combines major financial accounting functions into one application.
  • Intel Technology Provider - The Intel Technology Provider program is Intel Corp.
  • intellectual property (IP) - Intellectual property (IP) is a term for any intangible asset -- something proprietary that doesn't exist as a physical object but has value.
  • intelligence (intel) - According to the FBI, intelligence is both the information itself and the processes used to collect and analyze it.
  • intelligent electronic device (IED) - An intelligent electronic device (IED) is a device that is added to industrial control systems (ICS) to enable advanced power automation.
  • intelligent transportation system (ITS) - Intelligent transportation system (ITS) is the application of sensing, analysis, control and communications technologies to ground transportation in order to improve safety, mobility and efficiency.
  • interim CIO (interim chief information officer) - An interim CIO is an experienced chief information officer employed by a company on a temporary basis to lead or transform its IT organization.
  • internal audit (IA) - An internal audit (IA) is an organizational initiative to monitor and analyze its own business operations in order to determine how well it conforms to a set of specific criteria.
  • internal control - An internal control is a business practice, policy or procedure that is established within an organization to create value or minimize risk.
  • internet metering - Internet metering is a service model in which an internet service provider (ISP) keeps track of bandwidth use and charges users accordingly.
  • interruption science - Interruption science is the study of how disruptions from current tasks affect employees on the job.
  • intrapreneur (intrapreneurship) - Intrapreneurs are employees who use entrepreneurial skills and critical thinking to seek out initiatives that could benefit the organization financially.
  • inventory management - Inventory management is the supervision of noncapitalized assets -- or inventory -- and stock items.
  • inventory optimization - Inventory optimization (IO) is a strategy for balancing the amount of working capital that's tied up in inventory with service-level goals across multiple stock-keeping units (SKUs).
  • inventory turns (inventory turnover) - Inventory turns, also referred to as inventory turnover and inventory turnover ratio, are a popular measurement used in inventory management to assess operational and supply chain efficiency.
  • invitation to tender (ITT) - An invitation to tender (ITT) is the initial step in competitive tendering, in which suppliers and contractors are invited to provide offers for supply or service contracts.
  • IQMS - IQMS introduced one of its newest services, WebIQ, in August 2016.
  • ISACA - ISACA is an independent, nonprofit, global association that engages in the development, adoption and use of globally accepted information system (IS) knowledge and practices.
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  • 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.

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  • 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 ...

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