ERP Definitions

This glossary explains the meaning of key words and phrases that information technology (IT) and business professionals use when discussing ERP and related software products. You can find additional definitions by visiting WhatIs.com or using the search box below.

  • L

    logistics management

    Logistics management is the governance of supply chain functions.

  • M

    maker movement

    The maker movement is a cultural trend that places value on an individual's ability to be a creator of things as well as a consumer of things.  

  • makerspace

    A makerspace is a community center that provides technology, manufacturing equipment and educational opportunities to the public.

  • Manufacturing 2.0

    Manufacturing 2.0 is the integration of Web 2.0 communication and collaboration applications into traditional manufacturing practices and processes.

  • manufacturing execution system (MES)

    A manufacturing execution system (MES) is an information system that connects, monitors and controls complex manufacturing systems and data flows on the factory floor.

  • manufacturing intelligence software

    Enterprise manufacturing intelligence software is a suite of software applications that integrates a company's manufacturing data from multiple sources to aid in reporting, analysis, visual summaries and passing data between enterprise-level and plant-floor systems.

  • Manufacturing operation management (MOM)

    Manufacturing operation management (MOM) is an approach of overseeing all aspects of the manufacturing process with a particular focus to increase efficiency.

  • manufacturing process management (MPM)

    Manufacturing process management (MPM) is the discipline of defining how products are manufactured so production processes can be made more efficient and responsive.

  • material requirements planning (MRP)

    Material requirements planning (MRP) refers to production planning and inventory control software systems that are used to manage the manufacturing process.

  • model-based enterprise

    Model-based enterprise (MBE) is an engineering strategy that aims to clarify design intent during the manufacturing process, resulting in better quality of the products, reduced costs and more efficiency.

  • N

    NetSuite

    NetSuite is a business technology vendor based in San Mateo, Calif.

  • O

    open source ERP

    Open source ERP refers to an enterprise resource planning (ERP) software model in which the public has access to the source code of the system.

  • operational performance management (OPM)

    Operational performance management (OPM) is the alignment of all business units within an organization to ensure that they are working together to achieve core business goals.

  • 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.

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