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.

  • A

    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).

  • bar code (or barcode)

    A bar code (often seen as a single word, barcode) is the small image of lines (bars) and spaces that is affixed to retail store items, identification cards, and postal mail to identify a particular product number, person, or location.

  • Basel III

    Basel III is a set of standards and practices created to ensure that international banks maintain adequate capital to sustain themselves during periods of economic strain.

  • Basware

    Learn about Basware, a Finland-based vendor of networked purchase-to-pay, e-invoicing, procurement, and financing software and services.

  • BIC (bank identifier code)

    A bank identifier code (BIC) is a unique identifier for a specific financial institution.

  • bill of materials (BOM)

    A bill of materials (BOM) is a comprehensive inventory of the raw materials, assemblies, subassemblies, parts and components, as well as the quantities of each, needed to manufacture a product.

  • BPaaS (Business Process as a Service)

    Business Process as a Service (BPaaS) is a form of business process outsourcing (BPO) that employs a cloud computing service model.

  • budgeting, planning and forecasting (BP&F)

    Budgeting, planning and forecasting (BP&F) is a three-step process for determining and detailing an organization's financial goals for both the long- and short-term.

  • 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.

  • Business Planning and Control System (BPCS)

    Business Planning and Control System (BPCS) is a popular system of application programs for manufacturing and other industries that is developed and sold by Systems Software Associates (SSA).

  • C

    cartonization

    Cartonization is a process that uses algorithms to evaluate the items in an order to determine the number and size of each carton needed to ship the order.

  • chart of accounts (COA)

    A chart of accounts (COA) is a financial organizational tool that provides a complete listing of every account in an accounting system.

  • CIFT

    CIFT (Center for Innovative Financial Technology) is a research facility dedicated to the study of new technologies in the financial services sector.

  • closed loop manufacturing resource planning (MRP)

    Closed loop manufacturing resource planning, also known as closed loop MRP (CLMRP), is a manufacturing resource planning model that includes returned products in the supply chain.

-ADS BY GOOGLE

SearchOracle

SearchDataManagement

SearchCRM

SearchSAP

SearchBusinessAnalytics

SearchSQLServer

SearchContentManagement

SearchHRSoftware

Close