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.

SUP - WAR

  • Supplier performance management (SPM) - Supplier performance management (SPM) is a blanket term for any business practice that is designed to manage, measure and analyze the performance of a supplier or suppliers in a network.
  • supplier relationship management (SRM) - Supplier relationship management (SRM) is the systematic approach to evaluating vendors that supply goods, materials and services to an organization, determining each supplier's contribution to success and developing strategies to improve their performance.
  • supplier risk management - Supplier risk management is the process of identifying, assessing and controlling threats to an organization's capital and earnings that are caused by the organization's supply chain.
  • supply and demand - The laws of supply and demand are the observed relationships between the amount of something that is available for purchase, the level of desire consumers have to buy it and the price.
  • supply chain - A supply chain is the network of all the individuals, organizations, resources, activities and technology involved in the creation and sale of a product.
  • supply chain analytics - Supply chain analytics refers to the processes organizations use to gain insight and extract value from the large amounts of data associated with the procurement, processing and distribution of goods.
  • supply chain finance - Supply chain finance is a set of technology-enabled business and financial processes that provides flexible payment options for a buyer and one of their suppliers at lower financing costs.
  • supply chain management (SCM) - Supply chain management (SCM) is the optimization of a product's creation and flow from raw material sourcing to production, logistics and delivery to the final customer.
  • Supply Chain Operations Reference (SCOR) - Supply Chain Operations Reference (SCOR) is the process reference model used across industries as a supply chain management diagnostic tool.
  • supply chain risk management (SCRM) - Supply chain risks include cost volatility, material shortages, supplier financial issues and disasters.
  • supply chain security - Supply chain security is the part of supply chain management that focuses on the risk management of external suppliers, vendors, logistics and transportation.
  • supply chain sustainability (SCS) - Supply chain sustainability (SCS) is a holistic view of supply chain processes, logistics and technologies that affect the environmental, social, economic and legal aspects of a supply chain's components.
  • supply chain transformation - Supply chain transformation is the addition and integration of technology to improve supply chain performance.
  • supply chain visibility (SCV) - Supply chain visibility (SCV) is the ability of parts, components or products in transit to be tracked from manufacturer to final destination.
  • sustainability risk management (SRM) - Sustainability risk management (SRM) is a business strategy that aligns profit goals with a company's environmental policies.
  • sustainable procurement - Sustainable procurement is the meeting of business needs for materials, goods, utilities and services in an environmentally-friendly, responsible and ethical way.
  • SWIFT FIN message - SWIFT FIN is a message type (MT) that transmits financial information from one financial institution to another.
  • swivel chair interface - A swivel chair interface is a system for user input and interaction that requires them to move from one interface to another, sometimes duplicating work.
  • SWOT analysis (strengths, weaknesses, opportunities and threats analysis) - SWOT analysis is a framework for identifying and analyzing an organization's strengths, weaknesses, opportunities and threats.
  • synectics - Synectics is a method of problem-solving that focuses on cultivating creative thinking, often among small groups of individuals with diverse experience and skills.
  • SYSPRO - SYSPRO is a vendor that specializes in providing ERP and other integrated business software to midsize manufacturers and distributors.
  • systemic risk - Systemic risk is a category of risk that describes threats to a system, market or economic segment.
  • systems development life cycle (SDLC) - The systems development life cycle (SDLC) is a conceptual model used in project management that describes the stages involved in an information system development project, from an initial feasibility study through maintenance of the completed application.
  • systems of engagement - Systems of engagement are decentralized IT components that incorporate technologies such as social media and the cloud to encourage and enable peer interaction.
  • systems thinking - Systems thinking is a holistic approach to analysis that focuses on the way that a system's constituent parts interrelate and how systems work over time and within the context of larger systems.
  • T-shaped employee - A T-shaped employee, in the context of human resources, is an individual who has a depth of knowledge as well as skills in a particular area of specialization.
  • talent pipeline - A talent pipeline is a pool of candidates who are ready to fill a position.
  • targeted ad (targeted advertising) - A targeted ad, in online marketing, is an advertisement that is served to a specific audience, which could be a particular demographic, a group or an individual.
  • Tata Consultancy Services (TCS) - Tata Consultancy Services (TCS) is one of the largest multinational IT service and consulting companies.
  • technology-assisted review (TAR) - Technology-assisted review (TAR) uses software to search and sort through documents that are relevant for the purposes of e-discovery.
  • Telecom Regulatory Authority of India (TRAI) - Telecom Regulatory Authority of India (TRAI) is an independent regulatory body established by the Telecom Regulatory Authority of India Act 1997 to oversee the telecommunications industry in India.
  • Theory of Constraints (TOC) - The Theory of Constraints (TOC) is a philosophy of management and continuous improvement originally developed by Dr.
  • third party - A third party is an entity that is involved in some way in an interaction that is primarily between two other entities.
  • thought leader (thought leadership) - A thought leader is a person who or organization that is widely recognized as an expert in a given field and whose opinions are in high demand.
  • Thunder (Salesforce Thunder) - Salesforce Thunder is a big data pipeline and rules engine designed to capture, filter and respond to events in real time; the platform was created to operate in streaming scenarios such as machine-to-machine (M2M) and Internet of Things (IoT) environments.
  • tier 1 vendor - A tier 1 vendor is one of the largest and most well known in its field -- often enjoying national or international recognition and acceptance.
  • tier 2 vendor - A tier 2 vendor is a smaller and less well-known provider as compared to a tier 1 vendor and is often also limited in its geographic coverage as well.
  • time management - Time management is the coordination of people's tasks and activities to maximize the effectiveness of their efforts.
  • time series chart - A time series chart, also called a times series graph or time series plot, is a data visualization tool that illustrates data points at successive intervals of time.
  • time to value (TtV) - Time to value (TtV) is a business term that describes the period of time between a request for a specific value and the initial delivery of the value requested.
  • timeboxing - A timebox is a strictly-enforced limit on how long a given task or project can take: There is no allowance made for the possibility of extension.
  • timeline - A timeline is the presentation of a chronological sequence of events along a drawn line that enables a viewer to understand temporal relationships quickly.
  • TIN (Taxpayer Identification Number) - A Taxpayer Identification Number (TIN), in the United States, is a unique nine-digit number for identifying an individual, business or other entity in tax returns and additional documents filed with the Internal Revenue Service (IRS).
  • tl;dr (TL;DR) - TL;DR is an abbreviation for "too long; didn't read" that is used to indicate that the person posting about an article either didn't read it in its entirety or didn't read it at all.
  • tooling - Tooling, also known as machine tooling, is the process of acquiring the manufacturing components and machines needed for production.
  • Top searches of 2008 - What were people searching the WhatIs.
  • total benefit of ownership (TBO) - Total benefit of ownership is the sum of measurable and intangible returns that a company receives from investing in assets and/or personnel.
  • Total Quality Management (TQM) - Total Quality Management is a management framework based on the belief that an organization can build long-term success by having all its members, from low-level workers to its highest ranking executives, focus on quality improvement and, thus, delivering customer satisfaction.
  • Toyota Way - The Toyota Way is a comprehensive expression of the company's management philosophy, which is based on the two foundational principles of Continuous Improvement (kaizen) and Respect for People.
  • traceability - Traceability, in supply chain traceability, is the ability to identify, track and trace elements of a product or substance as it moves along the supply chain from raw goods to finished products.
  • tragedy of the commons - The tragedy of the commons is a problem that occurs when individuals exploit a shared resource to the extent that demand overwhelms supply and the resource becomes unavailable to some or all.
  • transactional leadership - Transactional leadership, also known as managerial leadership, is a leadership style where leaders rely on rewards and punishments to achieve optimal job performance from their subordinates.
  • transactional marketing - Transactional marketing is a business strategy that focuses on single, "point of sale" transactions.
  • transfer learning - Transfer learning is the application of knowledge gained from completing one task to help solve a different, but related, problem.
  • transformational leadership - Transformational leadership is a management philosophy that encourages and inspires employees to innovate and develop new ways to grow and improve the path to a company's future success.
  • transparency - Transparency, in the context of governance, means being open and honest in all official activities.
  • transportation management system (TMS) - A transportation management system (TMS) is specialized software for planning, executing and optimizing the shipment of goods.
  • treasury management - Treasury management is the administration of a company’s cash flow as well as the creation and governance of policies and procedures that ensure the company manages risk successfully.
  • triple bottom line (TBL) - The triple bottom line (TBL) is an accounting framework that includes social, environmental and financial results as bottom lines.
  • triple constraint - The triple constraint is a model that describes the three most significant restrictions on any project: scope, schedule and cost.
  • TurboTax - TurboTax is tax preparation software for United States and Canadian tax returns.
  • turnkey solution provider - A turnkey solution provider is a solution provider that offers limited consultation and one or more established product packages that allow only minimal configuration.
  • two pizza rule - The two pizza rule is a guideline for limiting the number of attendees at a meeting.
  • two-speed IT - Two-speed IT is the concept that strategic planning for an IT department should include a fast track that allows some projects to be implemented quickly.
  • Unfreeze, Change, Refreeze (Kurt Lewin Change Management Model) - Unfreeze, Change, Refreeze or Kurt Lewin's Change Management Model is a model to understand and manage organizational change.
  • unicorn - A unicorn, in an investment context, is a tech startup that is assessed at a valuation of $1 billion or more.
  • unique selling point (USP) - A unique selling point (USP), also called a unique selling proposition, is a marketing statement that differentiates a product or brand from its competitors.
  • universal basic income (UBI) - Universal basic income (UBI) is a model for providing all citizens of a country or other geographic area with a given sum of money, regardless of their income, resources or employment status.
  • unknowable risk - An unknowable risk is a potential threat to an organization's processes that is not known and cannot be quantified or controlled.
  • unobtainium - Unobtainium is a term used to refer to a material that cannot be accessed.
  • upcharge - An upcharge is an additional fee that is added to a bill after a contract has already been negotiated.
  • 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-sensitive design (VSD) - Value-sensitive design (VSD) is a concept that advocates the consideration of human principles and standards when planning technology.
  • 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.
  • vCIO (virtual CIO) - A vCIO, or virtual CIO, is a contractor or company that serves as an organization's chief information officer.
  • 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.
  • 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.
  • viral marketing - Viral marketing is any marketing technique that induces websites or users to pass on a marketing message to other sites or users, creating a potentially exponential growth in the message's visibility and effect.
  • virtual agent - A virtual agent (sometimes called an intelligent virtual agent, virtual rep or chatbot) is a software program that uses scripted rules and, increasingly, artificial intelligence applications to provide automated service or guidance to humans.
  • 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.
  • 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.
  • Visualforce - Visualforce is a component-based user interface (UI) framework that enables the creation of dynamic, reusable user interfaces.
  • 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 -- qualities that make a situation or condition difficult to analyze, respond to or plan for.
  • warehouse management system (WMS) - A warehouse management system (WMS) consists of software and processes that allow organizations to control and administer warehouse operations from the time goods or materials enter a warehouse until they move out.
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