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Turnkey
A turnkey, a turnkey project, or a turnkey operation (also spelled turn-key) is a type of project that is constructed so that it can be sold to any buyer as a completed product. This is contrasted with build to order, where the constructor builds an item to the buyer's exact specifications, or when an incomplete product is sold with the assumption that the buyer would complete it. A turnkey project or contract as described by Duncan Wallace (1984) is A turnkey contract is typically a construction contract under which a contractor is employed to plan, design and build a project or an infrastructure and do any other necessary development to make it functional or ‘ready to use’ at an agreed price and by a fixed date. In turnkey contracts, most of the time the employer provides the primary design. The contractor must follow the primary design provided by the employer. A turnkey computer system is a complete computer including hardware, operating system and application(s) design ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commercial Off-the-shelf
Commercial-off-the-shelf or commercially available off-the-shelf (COTS) products are packaged or canned (ready-made) hardware or software, which are adapted aftermarket to the needs of the purchasing organization, rather than the commissioning of custom-made, or bespoke, solutions. A related term, Mil-COTS, refers to COTS products for use by the U.S. and Canadian militaries. In the context of the Federal government of the United States, U.S. government, the Federal Acquisition Regulation (FAR) has defined "COTS" as a formal term for commercial items, including services, available in the commercial marketplace that can be bought and used under government contract. For example, Microsoft is a COTS software provider. Goods and construction materials may qualify as COTS but bulk cargo does not. Services associated with the commercial items may also qualify as COTS, including installation services, training services, and cloud services. COTS purchases are alternatives to custom softwa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Build To Order
Build to Order (BTO: sometimes referred to as Make to Order or Made to Order (MTO)) is a production approach where products are not built until a confirmed order for products is received. Thus, the end consumer determines the time and number of produced products.Leanmanufacture (2019)“Build to order - Inventory Management Model” Retrieved June 08, 2019. The ordered product is customized, meeting the design requirements of an individual, organization or business. Such production orders can be generated manually, or through inventory/production management programs. BTO is the oldest style of order fulfillment and is the most appropriate approach used for ''highly customized'' or ''low volume'' products. Industries with expensive inventory use this production approach. Moreover, "Made to order" products are common in the food service industry, such as at restaurants. BTO can be considered a Just in Time (JIT) production system, as components or products are only delivered jus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Motorsports
Motorsport or motor sport are sporting events, competitions and related activities that primarily involve the use of automobiles, motorcycles, motorboats and powered aircraft An aircraft engine, often referred to as an aero engine, is the power component of an aircraft propulsion system. Aircraft using power components are referred to as powered flight. Most aircraft engines are either piston engines or gas turbi .... For each of these vehicle types, the more specific terms ''automobile sport'', ''motorcycle sport'', Motorboat#Racing, ''power boating'' and ''air sports'' may be used commonly, or officially by organisers and governing bodies. Different manifestations of motorsport with their own objectives and specific rules are called disciplines. Examples include Race track, circuit racing, rallying and Classic trial, trials. Governing bodies, also called sanctioning bodies, often have general rules for each discipline, but allow supplementary rules to define the characte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Powertrain
In a motor vehicle, the powertrain comprises the main components that generate engine power, power and deliver that power to the road surface, water, or air. This includes the internal combustion engine, engine, transmission (mechanics), transmission, drive shafts, differential (mechanics), differentials, and the final drive (drive wheels, continuous track as in military tanks or caterpillar tractors, propeller, etc.). Hybrid powertrains also include one or more electric traction motors that operate to drive the vehicle wheels. All-electric vehicles ("electric cars") eliminate the engine altogether, relying solely on electric motors for propulsion. Occasionally the term powerplant is casually used to refer to the engine or, less often, the entire powertrain. A motor vehicle's driveline or drivetrain consists of the parts of the powertrain excluding the engine. It is the portion of a vehicle, after the prime mover (locomotive), prime mover, that changes depending on whether a v ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Computer Appliance
A computer appliance is a computer system with a combination of Computer hardware, hardware, software, or firmware that is specifically designed to provide a particular computing resource. Such devices became known as ''appliances'' because of the similarity in role or management to a home appliance, which are generally ''closed and sealed'', and are not serviceable by the user or owner. The hardware and software are delivered as an integrated product and may even be pre-configured before delivery to a customer, to provide a turn-key solution for a particular application. Unlike general purpose computers, appliances are generally not designed to allow the customers to change the software and the underlying operating system, or to flexibly reconfigure the hardware. Another form of appliance is the virtual appliance, which has similar functionality to a dedicated hardware appliance, but is distributed as a software virtual machine image for a hypervisor-equipped device. Overview ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Investment
Investment is traditionally defined as the "commitment of resources into something expected to gain value over time". If an investment involves money, then it can be defined as a "commitment of money to receive more money later". From a broader viewpoint, an investment can be defined as "to tailor the pattern of expenditure and receipt of resources to optimise the desirable patterns of these flows". When expenditures and receipts are defined in terms of money, then the net monetary receipt in a time period is termed cash flow, while money received in a series of several time periods is termed cash flow stream. In finance, the purpose of investing is to generate a Return (finance), return on the invested asset. The return may consist of a capital gain (profit) or loss, realised if the investment is sold, unrealised capital appreciation (or depreciation) if yet unsold. It may also consist of periodic income such as dividends, interest, or rental income. The return may also inclu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oil Well
An oil well is a drillhole boring in Earth that is designed to bring petroleum oil hydrocarbons to the surface. Usually some natural gas is released as associated petroleum gas along with the oil. A well that is designed to produce only gas may be termed a gas well. Wells are created by drilling down into an oil or gas reserve and if necessary equipped with extraction devices such as pumpjacks. Creating the wells can be an expensive process, costing at least hundreds of thousands of dollars, and costing much more when in difficult-to-access locations, e.g., offshore. The process of modern drilling for wells first started in the 19th century but was made more efficient with advances to oil drilling rigs and technology during the 20th century. Wells are frequently sold or exchanged between different oil and gas companies as an asset – in large part because during falls in the price of oil and gas, a well may be unproductive, but if prices rise, even low-production wells may ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Value-added Reseller
A value-added reseller (VAR) is a company that adds features or services to an existing product, then resells it (usually to end-users) as an integrated or complete " turn-key" product. This practice occurs commonly in the electronics or IT industry, where, for example, a VAR might bundle a software application with supplied hardware. The added value can come from professional services such as integrating, customizing, consulting, training and implementation. The value can also be added by developing a specific application for the product designed for the customer's needs which is then resold as a new package. VARs incorporate platform software into their own software product packages. The term is often used in the computer industry, where a company purchases computer components and builds (for example) a fully operational personal computer system usually customized for a specific task (such as non-linear video editing). By doing this, the company has added value above the cost of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Law
Commercial law (or business law), which is also known by other names such as mercantile law or trade law depending on jurisdiction; is the body of law that applies to the rights, relations, and conduct of persons and organizations engaged in commercial and business activities. It is often considered to be a branch of civil law and deals with issues of both private law and public law. Commercial law includes within its compass such titles as principal and agent; carriage by land and sea; merchant shipping; guarantee; marine, fire, life, and accident insurance; bills of exchange, negotiable instruments, contracts and partnership. Many of these categories fall within Financial law, an aspect of Commercial law pertaining specifically to financing and the financial markets. It can also be understood to regulate corporate contracts, hiring practices, and the manufacture and sales of consumer goods. Many countries have adopted civil codes that contain comprehensive statements ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Facilities Engineering
A facility is a place for doing something, or a place that facilitates an activity. Types of facility include: * A commercial or institutional building, such as a hotel, resort, school, office complex, sports arena, or convention center * Medical facility * Post-production facility * Telecommunications facility * Public toilet, euphemistically called "facilities" See also * * {{intitle * Faculty (other) Faculty or faculties may refer to: Academia * Faculty (academic staff), professors, researchers, and teachers of a given university or college (North American usage) * Faculty (division), a large department of a university by field of study (us ... Broad-concept articles Buildings and structures by type ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
