ERP Definitions

  • #

    3PL (third-party logistics)

    In business, 3PL has a broad meaning that can be applied to any service contract that involves storing or shipping things.

  • 4-D printing (four-dimensional printing)

    4-D printing is additive manufacturing that prints objects capable of transformation and, in some cases, self-assembly.

  • A

    ABC classification

    ABC classification is a ranking system for identifying and grouping items in terms of how useful they are for achieving business goals.

  • account

    An account is a unique record for each type of asset, liability, equity, revenue and expense.  

  • accounts payable

    Accounts payable is a liability account in the general ledger (GL).

  • accounts receivable (AR)

    Accounts receivable (AR) is an item in the general ledger (GL) that shows money owed to a business by customers who have purchased goods or services on credit.

  • Adaptive Insights (formerly called Adaptive Planning)

    Adaptive Insights (formerly called Adaptive Planning) is a cloud-based corporate performance management software (CPM) vendor headquartered in Mountain View, California.

  • advanced planning and scheduling (APS)

    Advanced planning and scheduling (APS) is a type of system that tracks costs based on the activities that are responsible for driving costs in the production of manufactured goods. (Continued)

  • advanced shipping notice (ASN)

    Advanced shipping notice (ASN) is a document that provides detailed information about a pending delivery. The purpose of an ASN is to notify the customer when shipping will occur and provide physical characteristics about the shipment so the customer can be prepared to accept delivery.  

  • Anaplan

    Anaplan is a Web-based enterprise platform for business planning. Anaplan is also the name of the company that created the platform. 

  • Andon

    An Andon is a visual control that indicates the status of a machine, manufacturing line or process.

  • AR-to-GL reconciliation

    AR-to-GL (accounts-receivable-to-general-ledger) reconciliation is a process commonly used to balance accounts in bookkeeping, particularly within an Oracle relational database. 

  • asset liability management

    Asset liability management (ALM) is the administration of policies and procedures that address financial risks associated with changing interest rates, foreign exchange rates and other factors that can affect a company’s liquidity.

  • Automatic Identification and Data Capture (AIDC)

    Automatic Identification and Data Capture (AIDC) is a broad set of technologies used to collect information from an object, image or sound without manual data entry. The actual technologies involved, the information obtained and the purpose of collection vary widely. AIDC systems are used to manage inventory, delivery, assets, security and documents.

  • B

    BAI2 file format

    BAI2 file format is a specialized and standardized set of codes used for cash management by the Bank Administration Institute (BAI).

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