Digital transformation Definitions

  • B

    bullwhip effect

    The bullwhip effect is the magnification of demand distortion as it moves upstream in the supply chain from customer through to the manufacturing process.

  • C

    computer-aided software engineering (CASE)

    Computer-aided software engineering (CASE) describes a broad set of labor-saving tools used in software development.

  • D

    digital core

    Digital core is the technology platforms and applications that allow organizations to transform into digital businesses and meet the new needs of the digital economy.

  • digital manufacturing

    Digital manufacturing is a technology-based approach to production that links different data silos and processes in the manufacturing lifecycle so that stakeholders can make better business decisions both comprehensively and at each step.

  • E

    ERP (enterprise resource planning)

    ERP, or enterprise resource planning, is a modular software system designed to integrate the main functional areas of an organization's business processes into a unified system.

  • I

    Industry 4.0

    Industry 4.0, which refers to the fourth industrial revolution, is the cyber-physical transformation of manufacturing.

  • M

    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.

  • P

    PTC ThingWorx

    PTC ThingWorx is a model-based rapid application development (RAD) platform for the Internet of Things. The platform provides design, networking, data management and analytics tools for building business software that integrates with and manages IoT devices.

  • S

    smart factory

    A smart factory is a highly digitized and connected production facility that relies on smart manufacturing.

  • supplier relationship management (SRM)

    Supplier relationship management (SRM) is the systematic approach of assessing suppliers' contributions and influence on success, determining tactics to maximize suppliers' performance and developing the strategic approach for executing on these determinations.

  • supply chain management (SCM)

    Supply chain management (SCM) is the broad range of activities required to plan, control and execute a product's flow, from acquiring raw materials and production through distribution to the final customer, in the most streamlined and cost-effective way possible.

  • V

    virtual commissioning

    Virtual commissioning is the practice of using 3D technology to create a simulation model of a manufacturing plant so that proposed changes and upgrades can be tested before they are implemented to the actual plant.

  • voice user interface (VUI)

    Voice user interface (VUI) is speech recognition technology that allows people to interact with a computer, smartphone or other device through voice commands. Apple's Siri, Amazon's Alexa, Google's Assistant and Microsoft's Cortana are prime examples of VUIs.

  • W

    warehouse management system (WMS)

    A warehouse management system (WMS) is software and processes that allow organizations to control and administer warehouse operations from the time goods or materials enter a warehouse until they move out.

  • Y

    yard management system (YMS)

    A yard management system (YMS) is a software system designed to oversee the movement of trucks and trailers in the yard of a manufacturing facility, warehouse, or distribution center.

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