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.

MPH - PRO

  • 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.
  • neologism - A neologism (pronounced nee-AH-low-djism) is a newly invented word or term.
  • 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.
  • 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.
  • office cubicle - An idea that is now over 40 years old, the office cubicle is a somewhat partitioned space for one or several workers in what is otherwise an unpartitioned and open building space for offices.
  • 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.
  • overall equipment effectiveness (OEE) - Overall equipment effectiveness is a measure of manufacturing operations performance and productivity, expressed in a percentage.
  • paperless office - The paperless office is an umbrella term for business practices that improve the workplace by reducing reliance on paper.
  • paradox - A paradox is a statement or concept that contains conflicting ideas.
  • parallel adoption - Parallel adoption is a method of hardware or software migration that involves using the existing and new systems simultaneously until the implementation is judged to be complete and satisfactory.
  • Pardot - Pardot is a software as a service (SaaS) marketing automation platform by SalesForce offering email automation, targeted email campaigns and lead management for B2B sales and marketing organizations.
  • parent company - A parent company is a corporation that has subsidiaries, which are wholly or partially-owned separate businesses controlled by the parent.
  • Pareto chart (Pareto distribution diagram) - A Pareto chart, also called a Pareto distribution diagram, is a vertical bar graph in which values are plotted in decreasing order of relative frequency from left to right.
  • Pareto principle - The Pareto principle, also known as the 80/20 rule, is a theory maintaining that 80 percent of the output from a given situation or system is determined by 20 percent of the input.
  • Parkinson's law - Cyril Northcote Parkinson observed that "work expands so as to fill the time available for its completion" in a 1955 essay published in "The Economist" based on his experience in the British Civil Service.
  • Parkinson's law of triviality (bikeshedding) - Parkinson's law of triviality is an observation that people tend to waste a lot of time attending to unimportant details while crucial matters don't get the attention they require.
  • partner - A partner is a member in a partnership, an entity in which both the profits or losses of a business or other venture are shared between all members.
  • partner account manager (PAM) - A partner account manager is a job title within a vendor organization that uses channel partners to sell its products or services.
  • partner program - A partner program, which may also be referred to as channel partner program or alliance program, is a business strategy that vendors develop to encourage others to work with the vendor and sell its products or services.
  • partner relationship management (PRM) - Partner relationship management (PRM) is a combination of the software, processes and strategies companies use to streamline business processes with partners who sell their products.
  • partner specialization - A partner specialization is a designation achieved when a value-added reseller, integrator or solution provider has demonstrated a particular expertise specified by its vendor.
  • Passive Candidate - A passive candidate (passive job candidate) is anyone in the workforce who is not actively looking for a job.
  • paternalistic leadership - Paternalistic leadership is a managerial approach that involves a dominant authority figure who acts as a patriarch or matriarch and treats employees and partners as though they members of a large, extended family.
  • pay-as-you-grow pricing - Vendors that offer a pay-as-you-grow storage allow customers with growing environments to acquire capacity after an array has been installed through the purchase of licenses.
  • PCI DSS compliance (Payment Card Industry Data Security Standard compliance) - Payment Card Industry Data Security Standard (PCI DSS) compliance is adherence to the set of policies and procedures developed to protect credit, debit and cash card transactions and prevent the misuse of cardholders' personal information.
  • PechaKucha (pecha kucha) - PechaKucha is a presentation software format that lasts exactly six minutes and forty seconds.
  • people analytics (HR analytics) - People analytics, also known as HR analytics and talent analytics, is the use of data analysis on candidate and employee issues to understand their impact on business goals and evaluate the effectiveness of human resources initiatives.
  • percent increase - percent decrease - Percent increase and percent decrease are measures of percent change, which is the extent to which a variable gains or loses intensity, magnitude, extent, or value.
  • periodic inventory system - A periodic inventory system is a mechanism for measuring the level of inventory and the cost of goods sold (COGS) by using an occasional physical count.
  • personally identifiable information (PII) - Personally identifiable information (PII) is any data that could potentially identify a specific individual.
  • phased rollout - Phased rollout is a hardware or software migration method that involves incremental implementation of a new system.
  • PICK chart (Possible, Implement, Challenge and Kill chart) - A PICK chart (Possible, Implement, Challenge and Kill chart) is a visual tool for organizing ideas.
  • pick to light - Pick to light is order-fulfillment technology that employs alphanumeric displays and buttons at storage locations to guide the manual "picking" and recording of items for shipment.
  • pick two (pick any two) - Pick two is the principle that, for any given three desirable qualities, you are likely to only be able to achieve two out of the three.
  • pigs and chickens - Pigs and chickens is an analogy used in the Scrum software development model to define the type of role an attendee can play at a daily scrum meeting.
  • planogram - A planogram is a diagram that shows how and where specific retail products should be placed on retail shelves or displays in order to increase customer purchases.
  • PMO (project management office) - A project management office (PMO) is a group or department within a business, agency or enterprise that defines and maintains standards for project management within the organization.
  • poka-yoke - A poka-yoke is a mechanism that is put in place to prevent human error.
  • policy-based management - Policy-based management is an administrative approach that is used to simplify the management of a given endeavor by establishing policies to deal with situations that are likely to occur.
  • Pomodoro Technique - The Pomodoro Technique is a time management method based on 25-minute stretches of focused work broken by five-minute breaks.
  • Porter's Five Forces - Porter's Five Forces is a framework developed by economist Michael E.
  • portmanteau - A portmanteau is a word created from two other words, or parts of words, that both contribute to its meaning.
  • positioning - Positioning, in a marketing context, is the process of identifying an appropriate market niche for a product, service or brand and getting it established it in that area.
  • positioning statement - A positioning statement is an expression of how a given product, service or brand fills a particular consumer need in a way that its competitors don’t.
  • power usage effectiveness (PUE) - Power usage effectiveness (PUE) is a metric used to determine the energy efficiency of a data center.
  • Predictive Index (PI) - The Predictive Index (PI) is often used for employee profiling.
  • predictive modeling - Predictive modeling is a mathematical process used to predict future events or outcomes by analyzing patterns in a given set of input data.
  • press kit - A press kit is an information package provided for members of the media to promote events, organizations, products or candidates.
  • prime contract - A prime contract is any contract or contractual action that is awarded directly to a contractor by the U.
  • privacy plan - A privacy plan is an organizational directive that outlines how the organization will protect the personal information of its customers and clients.
  • private sector - The private sector is the part of a country's economic system that is run by individuals and companies, rather than a government entity.
  • privatization - Privatization is the process of transferring an enterprise or industry from the public sector to the private sector.
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