ERP Definitions

  • C

    contract management software

    Contract management software is a program or series of related programs for storing and managing legal agreements such as contracts with vendors, leases and licensing agreements.

  • cost of goods sold (COGS)

    Cost of goods sold (COGS) is the total of the costs directly attributable to producing goods. It includes material and labor costs but not indirect costs such as sales, marketing and distribution. In accounting, it is a standard item in the expense section of a company's income statement.

  • cost-benefit analysis software

    Cost-benefit analysis software is a computer program or suite that assists personnel in the complex task of determining whether or not a proposed plan or project will pay off.

  • cross-docking

    Cross-docking is the practice of unloading goods from inbound delivery vehicles and loading them directly onto outbound vehicles.

  • D

    demand flow scheduling system

    A demand flow scheduling system is a software product designed to optimize demand-based manufacturing practices. (Continued)

  • demand planning

    Demand planning is a multi-step operational supply chain management (SCM) process used to create reliable forecasts.  Effective demand planning can guide users to improve the accuracy of revenue forecasts, align inventory levels with peaks and troughs in demand, and enhance profitability for a given channel or product.

  • Demand signal repository (DSR)

    Demand signal repository (DSR) is a database that aggregates sales data at the point of sale (POS). DSR systems capture, clean and harmonize large data sets so the data can be queried.

  • demand-driven manufacturing (DDM)

    Demand-driven manufacturing (DDM) is an approach to manufacturing where production is based on actual orders rather than forecasts.

  • digital manufacturing

    Digital manufacturing is a technology-based approach to manufacturing that, in its most fully realized form, uses data to link different silos and processes of the manufacturing lifecycle so that stakeholders can make better business decisions both comprehensively and at each step.

  • digital modeling and fabrication

    Digital modeling and fabrication is a design and production process that marries 3-D modeling or computing-aided design (CAD) software with additive and subtractive manufacturing.

  • digital supply chain

    A digital supply chain is a supply chain whose foundation is built on Web-enabled capabilities to fully capitalize on connectivity, system integration and the information-producing capabilities of "smart" connected products.

  • digital thread

    A digital thread is a strategy for connecting manufacturing systems and digitally linking a manufacturing environment from end to end.

  • digital twin

    A digital twin is a virtual representation of a product that can be used in product design, simulation, monitoring, optimization and servicing. It requires three elements: the physical product in real space, its digital twin in virtual space and the information that links the two.

  • discrete manufacturing

    Discrete manufacturing is an industry term for the manufacturing of finished products that are distinct items capable of being easily counted, touched or seen.

  • distribution requirements planning (DRP)

    Distribution requirements planning (DRP) is a time-based systematic process to make the delivery of goods more efficient by determining which goods, in what quantities, and at what location are required to meet anticipated demand.

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