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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.

LIN - OVE

  • line card - A line card may be a modular electronic telecommunications switching component on a printed circuit board, or a printed brochure or document that contains the names, descriptions and products that are sold by a third party.
  • LinkedIn - LinkedIn is a social networking site for the business community.
  • liquid logistics - Liquid logistics is a specialized material-handling and transportation discipline that is used when moving liquid products through a supply chain.
  • liquidity event - Liquidity events are considered exit strategies in which owners and investors terminate some endeavor to cash in shares and other illiquid investments.
  • list price - The list price is the stated value for which something is offered for sale through a particular channel such as a showroom, a retail store, a catalog or a retail, wholesale or distributor website.
  • location intelligence (LI) - Location intelligence (LI) is a business analysis tool capability that enables companies to gather geographic- and location-related data to better understand global, regional and local business trends.
  • location-based marketing (LBM) - Location-based marketing (LMS) is a direct marketing strategy that uses a mobile device's location to alert the device's owner about an offering from a near-by business.
  • logistics - Logistics is the process of planning and executing the efficient transportation and storage of goods from the point of origin to the point of consumption.
  • logistics management - Logistics management is the governance of supply chain management functions that helps organizations plan, manage and implement processes to move and store goods.
  • M2M economy (machine-to-machine economy) - A machine-to-machine (M2M) economy is one in which machines are autonomous market participants that have their own bank accounts.
  • macromarketing - Macromarketing is the influence that marketing policies and strategies have on the economy and society as a whole.
  • maker movement - The maker movement is a cultural trend that places value on an individual's ability to be a creator of things as well as a consumer of things.
  • managed IT service - A managed IT service is an information technology (IT) task provided by a third-party contractor and delivered to a customer.
  • managed print services (MPS) - Managed print services (MPS) is the provision and oversight of business document output needs by an external service provider.
  • management by objective (MBO) - Management by objective (MBO) is a model in which employees and their managers collaboratively develop, define and explicitly agree to objectives.
  • managerial grid model (The Blake and Mouton Managerial Grid model) - The managerial grid model was developed by Robert R.
  • manufacturer's suggested retail price (MSRP) - Manufacturer’s suggested retail price (MSRP) is the price that the maker of a product recommends for it in customer-facing retail stores.
  • Manufacturing resource planning (MRP II) - Manufacturing resource planning (MRP II) is an integrated method of operational and financial planning for manufacturing companies.
  • margin of safety (MoS) - In statistics, the margin of error is a measure of the random variation in a survey's results.
  • market culture - A market culture is a type of corporate culture that emphasizes competitiveness between the organization and its market competitors and between employees.
  • market development funds (MDF) - Market development funds (MDF) are a resource that a vendor grants to its indirect sales channel partners to help the channel with sales and marketing programs.
  • market distortion - Market distortion is the lack of free and open competition in a market, whether through intentional actions or prevailing market conditions.
  • market intelligence manager - A market intelligence manager is a corporate employee who studies a given market, makes recommendations as to actions to capitalize on opportunities and helps direct strategy to assist the company in reaching its revenue targets.
  • market leadership - Market leadership is when an individual or company owns the largest market share or highest profitability margin in a given market for goods and services.
  • marketecture (or marchitecture) - A marketecture (or marchitecture) is a high-level representation of software or hardware architecture designed with marketing requirements as a primary consideration.
  • marketing automation - Marketing automation is a type of software that allows companies to effectively target customers with automated marketing messages across channels including email, websites, social media and text messages to generate sales leads.
  • marketing information system (MkIS) - A marketing information system (MkIS) is a set of procedures and tools for the continuous gathering of information that might affect the promotion and selling of a product or service.
  • marketing-qualified lead (MQL) - A marketing-qualified lead (MQL) is a website visitor whose engagement levels indicate that he is likely to become a customer.
  • mass notification system (MNS) - A mass notification system is a platform that sends one-way messages to inform employees and the public of an emergency.
  • material requirements planning (MRP) - Material requirements planning (MRP) is a system for calculating the materials and components needed to manufacture a product.
  • maturity grid (maturity model) - A maturity model is a matrix for evaluating an organization's level of progress towards a goal.
  • maximum tolerable period of disruption (MTPOD) - Maximum tolerable period of disruption (MTPOD) is the time following a disaster after which an organization’s viability will be irreversibly impacted if production isn't resumed.
  • memorandum of understanding (MOU) - A memorandum of understanding (MOU) is a formal agreement that outlines plans for a common line of action between two or more parties.
  • mergers and acquisitions (M&A) - Mergers and acquisitions (M&A) is the area of corporate finances, management and strategy dealing with purchasing and/or joining with other companies.
  • metacoin platform - Metacoin platform is the information technology infrastructure that enables digital currency and digital asset transactions.
  • metainformation - Metainformation is information about information.
  • micro apartment (micro-apartment) - A micro apartment is a small, self-contained, single-occupancy apartment, typically located in an urban area.
  • microfinance - Microfinance is the provision of savings accounts, loans, insurance, money transfers and other banking services to customers that lack access to traditional financial services, usually because of poverty.
  • micropayment - A micropayment is an e-commerce transaction involving a very small sum of money in exchange for something made available online, such as an application download, a service or Web-based content.
  • microsegmentation - Microsegmentation is a technique used to divide a network into logical and secure units through the application of policies that dictate how data and applications are accessed and controlled.
  • Microsoft Certified Educator (MCE) - Microsoft Certified Educator (MCE) is a credential to certify that an educator is literate in global technology and can provide students with an education that combines technology and learning in the classroom.
  • Microsoft Intune - Microsoft Intune is a cloud-based enterprise mobility management tool that aims to help organizations manage the mobile devices employees use to access corporate data and applications, such as email.
  • Microsoft Operations Framework (MOF) - Microsoft Operations Framework (MOF) is a series of 23 documents that guide IT professionals through the processes of creating, implementing and managing efficient and cost-effective services.
  • microtargeting - Microtargeting is (also called micro-targeting or micro-niche targeting) is a marketing strategy that uses consumer data and demographics to identify individuals or small groups of like-minded individuals and influence their thoughts or actions.
  • microtrend - A microtrend is a tendency in the direction of some phenomenon that is fairly pervasive within a given sphere of influence and lasts for a few years.
  • middle of life (MOL) - Middle of life (MOL), in the context of manufacturing and product lifecycles, is the segment of a product’s existence in which it is established in the marketplace.
  • mission-critical application - A mission-critical application is a software program or service that must function for the success of a business or segment of a business.
  • mission-driven brand - A mission-driven brand is an organization with a clearly-stated purpose and a dedication to acting in accordance with its stated principles.
  • model-based enterprise - Model-based enterprise (MBE) is an engineering strategy that aims to clarify design intent during the manufacturing process, resulting in better quality of the products, reduced costs and more efficiency.
  • modeling and simulation (M&S) - Modeling and simulation (M&S) is the use of a physical or logical representation of a given system to generate data and help determine decisions or make predictions about the system.
  • monolithic - Monolithic, in information technology, means either very large or composed all in one piece, depending on the particular context.
  • monotasking (single-tasking) - Monotasking, also known as single-tasking, is the practice of dedicating oneself to a given task and minimizing potential interruptions until the task is completed or a significant period of time has elapsed.
  • monthly recurring revenue (MRR) - Monthly recurring revenue (MRR) is income a company can reliably anticipate every 30 days and one of the key metrics for channel partner companies.
  • MphasiS - MphasiS is an IT services company headquartered in Bengaluru, India.
  • multichannel marketing - Multichannel marketing refers to the practice by which companies interact with customers via multiple channels, both direct and indirect, in order to sell them goods and services.
  • multilevel marketing (MLM) - Multilevel marketing (MLM) is a business model that involves unsalaried, hierarchical sales teams selling products directly to consumers in conjunction with recruiting additional company sales representatives.
  • multisourcing (multi-sourcing) - Multisourcing (multi-sourcing) is an approach to outsourcing in which IT operations and technology infrastructure are contracted to a number of vendors, usually in combination with some internally provided elements of information technology.
  • multitasking (in humans) - Multitasking, in a human context, is the practice of doing multiple things simultaneously, such as editing a document or responding to email while attending a teleconference.
  • mystery shopping software - Mystery shopping software is a type of ERP tool that helps organizations manage and observe all components of a mystery shopping program.
  • NASCAR slide - A NASCAR slide is marketing lingo for a PowerPoint slide filled with logos.
  • NASSCOM (National Association of Software and Services Companies) - The National Association of Software and Services Companies (NASSCOM) is a not-for-profit Indian consortium created to promote the development of the country's IT (information technology) and business process outsourcing (BPO) industries.
  • National Electronic Funds Transfer (NEFT) - National Electronic Funds Transfer (NEFT) is an Indian system of electronic transfer of money from one bank or bank branch to another.
  • National Population Register (NPR) of India - The National Population Register (NPR) is a database of the identities of all Indian residents.
  • National Stock Exchange (NSE) of India - The National Stock Exchange (NSE), is a leading stock exchange in India.
  • negative float (negative slack) - Negative float or slack is time that must be made up on a task on a project's critical path so that it does not delay the completion of a project.
  • net income - Net income is the amount of money left after all the expenses of a business have been subtracted from the gross revenue for a given reporting period, such as a fiscal quarter.
  • net price - The net price is the value at which a product or service is sold after all taxes and other costs are added and all discounts subtracted.
  • Net Promoter Score (NPS) - Net Promoter Score (NPS) is a metric for assessing customer loyalty for a company's brand, products or services.
  • Nexus of Forces - The nexus of forces is a concept developed by consultancy Gartner Inc.
  • NFV MANO (network functions virtualization management and orchestration) - NFV MANO (network functions virtualization management and orchestration), also called MANO, is an architectural framework for managing and orchestrating virtualized network functions (VNFs) and other software components.
  • nine-box grid - The nine-box grid is a human resource management (HRM) tool used by supervisors to rate the performance and potential of employees.
  • non-compete agreement (NCA) - A non-compete agreement (NCA) is a legally binding restrictive covenant designed to prevent the signee from exploiting competitive advantages gained through association with the other party in the agreement.
  • non-practicing entity (NPE) - A non-practicing entity (NPE) is someone who holds a patent for a product or process but has no intentions of developing it.
  • nonprofit organization (NPO) - A nonprofit organization (NPO) is one that is not driven by profit but by dedication to a given cause that is the target of all income beyond what it takes to run the organization.
  • not for resale (NFR) - Not for resale (NFR) is a designation for products that vendors give to their channel partners for testing and educational purposes with the understanding that the channel partner will not resell those products to the end user.
  • Nutanix - Nutanix is a hyper-converged infrastructure pioneer that markets its technology as a building block for private clouds.
  • Ockham's razor (Occam's razor) - Ockham's razor (also spelled Occam's razor, pronounced AHK-uhmz RAY-zuhr) is the idea that, in trying to understand something, getting unnecessary information out of the way is the fastest way to the truth or to the best explanation.
  • off-peak - Off-peak, in a call center context, describes a time period with fewer calls than are handled in a busy period.
  • OKRs (Objectives and Key Results) - OKRs (Objectives and Key Results) is a performance management framework designed to encourage companies to set, communicate and monitor broad organizational goals and results.
  • one throat to choke - One throat to choke is an expression used in business to describe the advantage of purchasing goods or integrated services from a single vendor.
  • online customer community - Online customer communities are Web-based gathering places for customers, experts, and others to discuss problems, post reviews, brainstorm, and engage with one another.
  • online risk - Online risk is the vulnerability of an organization's internal resources that arises from the organization using the Internet to conduct business.
  • open - In information technology, a product or system is described as open when its workings are exposed to the public and capable of being modified or improved by anyone.
  • Open Platform Communications (OPC) - Open Platform Communications (OPC) is an interoperability standard for the secure exchange of industrial automation data.
  • operating model - An operating model is a visual representation of how an organization delivers value to its internal and external customers.
  • operational costs - Definition - In information technology, operational costs document the price of running of IT services on a day-to-day basis.
  • operational excellence - Operational excellence is a methodology of striving for efficacy throughout an organization’s processes.
  • operational level agreement (OLA) - An operational level agreement (OLA) is a contract that defines how various IT groups within a company plan to deliver a service or set of services.
  • operational risk - Operational risk is the risk of losses caused by flawed or failed processes, policies, systems or events that disrupt business operations.
  • Opex (operational expenditure) - An operational expenditure (Opex) is the money a company spends on an ongoing, day-to-day basis in order to run a business or system.
  • opportunity cost - Opportunity costs are benefits that aren't realized because an alternative option is chosen.
  • Oracle PartnerNetwork (OPN) - Oracle PartnerNetwork, also known as OPN, is a channel partner program that provides resources and benefits for value-added resellers, independent software vendors and other businesses that want to collaborate with Oracle.
  • order management - Order management is the administration of business processes related to orders for goods or services.
  • order to cash (OTC or O2C) - Order to cash (OTC or O2C) is a set of business processes that involve receiving and fulfilling customer requests for goods or services.
  • organizational change management (OCM) - Organizational change management (OCM) is a framework for managing the effect of new business processes, changes in organizational structure or cultural changes within an enterprise.
  • organizational goals - Organizational goals are strategic objectives that a company's management establishes to outline expected outcomes and guide employees' efforts.
  • outbound call - An outbound call is one initiated by a call center agent to a customer on behalf of a call center or client.
  • outbound marketing - Outbound marketing is a traditional form of marketing and in which a company initiates contact with potential customers, or leads.
  • outcome economy - Outcome economy describes an economy based on the marketing, pricing and selling of the results provided by goods and services rather than their face value.
  • over-the-top (OTT) - Over-the-top (OTT) is networking lingo that describes the delivery of content, services or applications over the internet.
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