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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.

IMP - KEI

  • 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.
  • Incremental Revenue (Value) Analysis - Incremental Revenue (Value) Analysis is a process used to calculate the value of each agent in a call center.
  • 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.
  • information silo - An information silo exists when an organization's departments and systems cannot, or do not, communicate freely with one another and encourage the sharing of business-relevant items.
  • 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 access management (IAM) - Integrated access management (IAM) is a combination of business processes, policies and technologies that allows organizations to provide secure access to confidential data.
  • 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.
  • interaction management - Interaction management is a term some companies use to describe a class of Web services that support online relationships (called communities) and transactions between employees, customers, partners, and suppliers.
  • 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.
  • internal rate of return (IRR) - Internal rate of return (IRR), also called the dollar-weighted rate of return or yield on project, is the interest rate that will bring a series of positive and/or negative cash flows to a net present value (NPV) of zero.
  • Internet Advertising Bureau (IAB) - The IAB (Internet Advertising Bureau) is an organization that fosters the growth of advertising on the Internet.
  • Internet metering - Internet metering is a service model in which an Internet service provider (ISP) tracks the customer's use of bandwidth and charges 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 non-capitalized assets (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 turns 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.
  • IPO (initial public offering) - .
  • 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.
  • ISO/IEC 38500 - ISO/IEC 38500 is an international standard created to guide corporate governance of information technology (IT).
  • IT aftermarket (tech secondary market) - The IT aftermarket(also called the tech secondary market) is an industry segment of tech resellers and active consumers that are buying and selling IT equipment outside of the channel endorsed by manufacturers.
  • IT asset - An IT asset is any company-owned information, system or hardware that is used in the course of business activities.
  • IT asset lifecycle - The IT asset lifecycle is the stages that an organization’s information technology asset goes through during the time span of its ownership.
  • IT asset management (ITAM) - IT asset management (information technology asset management, or ITAM) is a set of business practices that combines financial, inventory and contractual functions to optimize spending and support lifecycle management and strategic decision-making within the IT environment.
  • IT blueprint - An IT blueprint, like an architectural blueprint, is a planning tool or document an information technology organization establishes in order to guide its priorities, projects, budgets, staffing and other IT strategy-related initiatives.
  • IT budget (information technology budget) - IT budget encompasses the money spent on information technology systems and services.
  • IT business transformation - IT business transformation is a thorough or dramatic change in the business processes and technologies a company employs to reach important business goals.
  • IT chargeback / showback - IT chargeback is an accounting strategy that applies the costs of IT services, hardware or software to the business unit in which they are used.
  • IT chargeback system - An IT chargeback system is an accounting strategy that applies the costs of IT services, hardware or software to the business unit in which they are used.
  • IT consultant - A consultant is an experienced individual in a given field who provides expert advice for a fee.
  • IT continuity (information technology continuity) - IT continuity (information technology continuity) is the holistic management of technology systems toward the guarantee that essential business operations will proceed in the event of a major disruption.
  • IT controls - An IT control is a procedure or policy that provides a reasonable assurance that the information technology (IT) used by an organization operates as intended, that data is reliable and that the organization is in compliance with applicable laws and regulations.
  • IT cost structure - IT cost structure is the relationship of different types of costs within a larger IT budget.
  • IT director (information technology director) - An IT director (information technology director) is an employee in charge of technology within an organization.
  • IT elasticity - IT elasticity is the ability to adapt an IT infrastructure to seamless changes without hindering or jeopardizing stability, performance, security, governance or compliance protocols.
  • IT financial management - IT financial management is the oversight of expenditures required to deliver IT products and services.
  • IT incident management - IT incident management is an area of IT service management (ITSM) wherein the IT team returns a service to normal as quickly as possible after a disruption, in a way that aims to create as little negative impact on the business as possible.
  • IT innovation - IT (information technology) innovation in an enterprise is about using technology in new ways, where the result is a more efficient organization and an improved alignment between technology initiatives and business goals.
  • IT leadership (information technology leadership) - IT leadership (information technology leadership) refers to the senior management in an organization responsible for driving business strategy via IT infrastructure and applications.
  • IT management - IT management is the process of overseeing all matters related to information technology operations and resources within an IT organization.
  • IT MOOSE management (maintain and operate the organization, systems and equipment) - IT MOOSEmanagement is a term invented by Forrester Research for talking about the non-discretionary expenses that are required to keep an IT department running.
  • IT organization (information technology organization) - An IT organization (information technology organization) is the department within an organization charged with establishing, monitoring and maintaining information technology systems and services, and with strategic planning around current and future IT initiatives.
  • IT outsourcing strategy - An IT outsourcing strategy is a plan derived from assessing which IT functions are better performed by an IT outsourcing service provider than by an organization's internal IT department.
  • IT prioritization - IT prioritization is the process of initiating IT projects and procedures based on both the immediate and long-term needs of an organization.
  • IT procurement - IT procurement is the series of activities and procedures necessary to acquire information technology products or services.
  • IT productivity - IT productivity is a reference to the relationship between an organization's technology investments and its corresponding efficiency gains, or return on investment.
  • IT service catalog - An IT service catalog is a list of technology resources and offerings available from the IT service provider within an organization.
  • IT showback - An IT showback system tracks the data center utilization rates of an organization’s business units or end users.
  • IT skills gap (information technology skills gap) - IT skills gap (information technology skills gap) is a term referring to the difference between existing workplace knowledge and the talents required to fulfill an IT organization's needs to align with business objectives.
  • IT solution - An information technology (IT) solution is a set of related software programs and/or services that are sold as a single package.
  • IT strategic plan (information technology strategic plan) - An IT strategic plan outlines a company's technology-enabled business management processes that it uses to guide operations and prioritize business goals.
  • IT strategist (information technology strategist) - An IT strategist (information technology strategist) is someone in an organization who is given the responsibility and authority to establish initiatives that affect the organization's IT and business strategy.
  • IT strategy (information technology strategy) - IT strategy (information technology strategy) is a comprehensive plan that outlines how technology should be used to meet IT and business goals.
  • IT systems management - Systems management is the administration of the information technology systems in an enterprise data center.
  • IT transformation - IT transformation is a complete reassessment and overhaul of an organization's information technology (IT) systems in order to improve the efficiency and delivery in a digital economy.
  • item-level RFID (item-level radio frequency identification) - Item-level RFID involves individual unit tagging, as opposed to tagging cartons or pallets of items.
  • Jargon File (New Hacker's Dictionary) - The Jargon File is a compilation of computer-related slang that was first developed in 1975 by Raphael Finkel at Stanford University from sources including the Stanford and MIT AI Labs, Carnegie Mellon University and Worcester Polytechnic Institute.
  • JDA Software - JDA Software is a software and consultancy company that specializes in selling supply chain management products and services to businesses.
  • job hopper - A job hopper is someone who works briefly in one position after another rather than staying at any one job or organization long-term.
  • just-in-case manufacturing (JIC manufacturing) - Just-in-case (JIC) manufacturing is the traditional model of production, in which products are created in advance and in excess of demand.
  • just-in-time manufacturing (JIT manufacturing) - Just-in-time (JIT) manufacturing is designed to avoid the waste associated with overproduction, waiting and excess inventory, three of the seven waste categories defined in the Toyota Production System (known in North America as the lean production model).
  • Kaizen (continuous improvement) - Kaizen is an approach to creating continuous improvement based on the idea that small, ongoing positive changes can reap major improvements.
  • kanban - Kanban is a visual signal that's used to trigger an action.
  • karōshi - Karōshi is a Japanese term that translates to "death from overwork.
  • keiretsu - Keiretsu is a business network composed of manufacturers, supply chain partners, distributors and financiers who remain financially independent but work closely together to ensure each other's success.

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