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Enterprise Resource Planning
Enterprise resource planning (ERP) is the integrated management of main business processes, often in real time and mediated by software and technology. ERP is usually referred to as a category of business management software—typically a suite of integrated applications—that an organization can use to collect, store, manage and interpret data from many business activities. ERP systems can be local-based or cloud-based. Cloud-based applications have grown in recent years due to the increased efficiencies arising from information being readily available from any location with Internet access. ERP differs from integrated business management systems by including planning all resources that are required in the future to meet business objectives. This includes plans for getting suitable staff and manufacturing capabilities for future needs. ERP provides an integrated and continuously updated view of the core business processes using common databases maintained by a database manag ...
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ERP Modules
ERP or Erp may refer to: Economics * Effective rate of protection, of tariffs * Equity risk premium, excess return on risky investments * European Recovery Program or Marshall Plan Science and technology * Effective radiated power, of directional radio transmission * Electronic Road Pricing, in Singapore * Enterprise resource planning, a business process system Medicine * Effective refractory period, in a cardiac cycle * Estrogen receptor positive, a cancer pathology test result * Event-related potential, a measured brain response * Exposure and response prevention, a treatment method in behavioral therapy * OspE/F-like related protein, in Lyme disease microbiology Places * Erp, Ariège, a village in France * Erp (Germany), a village * Erp, Netherlands, a town Other uses * Erp (Pict), father of Drest I of the Picts * Ejército Revolucionario del Pueblo (other), ''Ejército Revolucionario del Pueblo'' (other), (Spanish for People's Revolutionary Army), several L ...
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Gartner
Gartner, Inc. is an American research and advisory firm focusing on business and technology topics. Gartner provides its products and services through research reports, conferences, and consulting. Its clients include large corporations, government agencies, technology companies, and investment firms. Operations Gartner is a research and advisory firm with three business segments: research, conferences, and consulting. As of December 2024, Gartner has over 21,000 employees globally and operates in 90 countries and territories. It is headquartered in Stamford, Connecticut. Gene A. Hall is the chief executive officer. Gartner is a publicly traded company listed on the S&P 500. History 1980s Gideon Gartner and David Stein founded Gartner, Inc. in 1979 to provide IT industry research and analysis to businesses buying and selling computer hardware. Gideon Gartner had previously worked at IBM, and his new firm specialized in information about IBM and its products. Gartner's ...
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Customer
In sales, commerce, and economics, a customer (sometimes known as a Client (business), client, buyer, or purchaser) is the recipient of a Good (economics), good, service (economics), service, product (business), product, or an Intellectual property, idea, obtained from a seller, vendor, or distribution (business), supplier via a financial transaction or exchange (economics), an exchange for money or some other valuable consideration. Etymology and terminology Early societies relied on a gift economy based on favours. Later, as commerce developed, less permanent human relations were formed, depending more on transitory needs rather than enduring social desires. Customers are generally said to be the purchasers of goods and services, while clients are those who receive personalized advice and solutions. Although such distinctions have no contemporary semantic weight, Employment agency, agencies such as law firms, film studios, and health care providers tend to prefer '':wikt:clien ...
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Back Office
A back office in most corporations is where work that supports '' front office'' work is done. The front office is the "face" of the company and is all the resources of the company that are used to make sales and interact with customers and clients. The back office is all the resources of the company that are devoted to actually creating a product or service like data entry, payroll, accounting and the other labor which is not seen by customers, such as administration or logistics. Broadly speaking, back office work includes roles that affect the costs side of a business's trading statement and front office work includes roles that affect the income side of a business's trading statement. Although the operations of a back office are rarely prominent, they are a major contributor to a business's success. They can include functions such as accounting, planning, inventory management, supply-chain management, human resources and logistics. Back offices are often located somewher ...
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Year 2000 Problem
The term year 2000 problem, or simply Y2K, refers to potential computer errors related to the Time formatting and storage bugs, formatting and storage of calendar data for dates in and after the year 2000. Many Computer program, programs represented four-digit years with only the final two digits, making the year 2000 indistinguishable from 1900. Computer systems' inability to distinguish dates correctly had the potential to bring down worldwide infrastructures for computer-reliant industries. In the years leading up to the turn of the millennium, the public gradually became aware of the "Y2K scare", and individual companies predicted the global damage caused by the bug would require anything between $400 million and $600 billion to rectify. A lack of clarity regarding the potential dangers of the bug led some to stock up on food, water, and firearms, purchase backup generators, and withdraw large sums of money in anticipation of a computer-induced Global catastrophic risk, ap ...
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Association For Information Systems
The Association for Information Systems (AIS) is an international, Not-for-profit organization, not-for-profit, professional association for scholars of Information system#As an academic discipline, information systems that was established in 1994. The association publishes journals, organizes conferences, and provides a forum for information systems professors and managers. It has members in more than 100 countries. The association is led by a president who is annually elected from one of three world regions—the Americas, Europe and Africa and Asia-Pacific—on a rotating basis. The governing council is made up of elected functional vice-presidents and other officers and council members who are elected in the three world regions. The association organizes four annual conferences for IS researchers, educators and students: The International Conference on Information Systems (ICIS), which alternates between the three world regions, and three regional conferences: the Americas Con ...
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Maintenance, Repair And Operations
The technical meaning of maintenance involves functional checks, servicing, repairing or replacing of necessary devices, equipment, machinery, building infrastructure and supporting utilities in industrial, business, and residential installations. Terms such as "predictive" or "planned" maintenance describe various cost-effective practices aimed at keeping equipment operational; these activities occur either before or after a potential failure. Definitions Maintenance functions can be defined as maintenance, repair and overhaul (MRO), and MRO is also used for maintenance, repair and operations. Over time, the terminology of maintenance and MRO has begun to become standardized. The United States Department of Defense uses the following definitions: Federal Standard 1037C and from MIL-STD-188 and from the Department of Defense Dictionary of Military and Associated Terms * Any activity—such as tests, measurements, replacements, adjustments, and repairs—intended to retain ...
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Computer-integrated Manufacturing
Computer-integrated manufacturing (CIM) is the manufacturing approach of using computers to control the entire production process. This integration allows individual processes to exchange information with each part. Manufacturing can be faster and less error-prone by the integration of computers. Typically CIM relies on closed-loop control processes based on real-time input from sensors. It is also known as ''flexible design and manufacturing''. Overview # Computer-integrated manufacturing is used in automotive, aviation, space exploration, space, and ship building industries. # The term "computer-integrated manufacturing" is both a method of manufacturing and the name of a computer-automated system in which individual engineering, production, marketing, and support functions of a manufacturing enterprise are organized. # In a CIM system functional areas such as design, analysis, planning, purchasing, cost accounting, inventory control, and distribution are linked through the c ...
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Manufacturing Resource Planning
Manufacturing resource planning (MRP II) is a method for the effective planning of all resources of a manufacturing company. Ideally, it addresses operational planning in units, financial planning, and has a simulation capability to answer " what-if" questions and is an extension of closed-loop MRP (material requirements planning). This is not exclusively a software function, but the management of people skills, requiring a dedication to database accuracy, and sufficient computer resources. It is a total company management concept for using human and company resources more productively. Key functions and features MRP II is not a single specific proprietary software system and can thus take many forms. It is almost impossible to visualize an MRP II system that does not use a computer. An MRP II system can be based on either purchased–licensed or in-house software. Almost every MRP II system is modular in construction. Characteristic basic modules in an MRP II system are: * ...
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Material Requirements Planning
Material requirements planning (MRP) is a production planning, scheduling, and inventory control system used to manage manufacturing processes. Most MRP systems are software-based, but it is possible to conduct MRP by hand as well. An MRP system is intended to simultaneously meet three objectives: * Ensure raw materials are available for production and products are available for delivery to customers. * Maintain the lowest possible material and product levels in store * Plan manufacturing activities, delivery schedules and purchasing activities. History Prior to MRP, and before computers dominated industry, reorder point (ROP)/reorder-quantity (ROQ) type methods like EOQ (economic order quantity) had been used in manufacturing and inventory management. MRP was computerized by the aero engine makers Rolls-Royce and General Electric in the early 1950s but not commercialized by them. It was then 'reinvented' to supply the Polaris program and then, in 1964, as a response to ...
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Acronym And Initialism
An acronym is a type of abbreviation consisting of a phrase whose only pronounced elements are the initial letters or initial sounds of words inside that phrase. Acronyms are often spelled with the initial letter of each word in all caps with no punctuation. For some, an initialism or alphabetism connotes this general meaning, and an ''acronym'' is a subset with a narrower definition; an acronym is pronounced as a word rather than as a sequence of letters. In this sense, ''NASA'' () is an acronym, but '' USA'' () is not. The broader sense of ''acronym'', ignoring pronunciation, is its original meaning and in common use. . Dictionary and style-guide editors dispute whether the term ''acronym'' can be legitimately applied to abbreviations which are not pronounced as words, and they do not agree on acronym spacing, casing, and punctuation. The phrase that the acronym stands for is called its . The of an acronym includes both its expansion and the meaning of its expansio ...
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Information Repository
In information technology, an information repository or simply a repository is "a central place in which an aggregation of data is kept and maintained in an organized way, usually in computer storage." It "may be just the aggregation of data itself into some accessible place of storage or it may also imply some ability to selectively extract data." Universal digital library The concept of a universal digital library was described as "within reach" by a 2012 '' European Union Copyright Directive'' which told about Google's attempts to "mass-digitize" what are termed "orphan works" (i.e. out-of-print copyrighted works). The U.S. Copyright Office and the European Union Copyright law have been working on this. Google has reached agreements in France which "lets the publisher choose which works can be scanned or sold." By contrast, Google has been trying in the USA for a "free to digitize and sell any works unless the copyright holders opted out" deal and is still unsuccessful. In ...
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