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

    lean production

    Lean production is an assembly-line methodology developed originally for Toyota and the manufacturing of automobiles. It is also known as the Toyota Production System or just-in-time production.

  • liquid logistics

    Liquid logistics is a specialized material-handling and transportation discipline that is used when moving liquid products through a supply chain.

  • logistics

    Logistics is the process of planning, implementing, and controlling procedures for the efficient and effective transportation and storage of goods, including services and related information, from the point of origin to the point of consumption.

  • logistics management

    Logistics management is the governance of supply chain management functions that helps organizations plan, manage and implement processes to move and store goods.

  • 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 Platform Communications (OPC)

    Open Platform Communications (OPC) is an interoperability standard for the secure exchange of industrial automation data.

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