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.

  • D

    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.

  • dual sourcing

    Dual sourcing is the supply chain management practice of using two suppliers for a given component, raw material, product or service. Companies use this approach to lower the risk of relying on a single supplier, a practice called single sourcing. Sole sourcing, in contrast, means only one source is available.

  • E

    e-filing (electronic filing)

    E-filing is the electronic submission of information that is required by law.

  • e-invoicing

    E-invoicing (or electronic invoicing) is the delivery of bills and related information by an enterprise to its clients using electronic communications, usually the Internet.

  • EDGAR

    EDGAR (Electronic Data Gathering, Analysis, and Retrieval) is an online public database from the U.S. Securities and Exchange Commission (SEC).

  • EDIFACT

    EDIFACT (ISO 9735) is the international standard for electronic data interchange (EDI).

  • engineering bill of materials (EBOM)

    An engineering bill of materials (EBOM) is a product recipe structured from the design standpoint, rather than the manufacturing standpoint.

  • enterprise accounting software

    Enterprise accounting software is technology that keeps track of an organization's financial transactions and data.

  • enterprise asset management (EAM)

    Enterprise asset management (EAM) is the process of managing the lifecycle of physical assets to maximize their use; save money; improve quality and efficiency; and safeguard health, safety and the environment.

  • Epicor Software Corp.

    Epicor Software Corp. is a global business software vendor that sells ERP and other software to small and medium-sized businesses (SMBs) and large enterprises.

  • 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.

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