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.

  • M

    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.

  • 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.

  • overall equipment effectiveness (OEE)

    Overall equipment effectiveness is a measure of manufacturing operations performance and productivity, expressed in a percentage.

  • P

    pick to light

    Pick to light is order-fulfillment technology that employs alphanumeric displays and buttons at storage locations to guide the manual "picking" and recording of items for shipment.

  • poka-yoke

    A poka-yoke is a mechanism that is put in place to prevent human error. The purpose of a poka-yoke is to inhibit, correct or highlight an error as it occurs.

  • process manufacturing

    Process manufacturing is the production of goods by combining supplies, ingredients or raw substances using a formula or recipe.

  • procure to pay (P2P)

    Procure to pay is the process of requisitioning, purchasing, receiving, paying for and accounting for goods and services.

  • procurement software

    Procurement software is a computer program or suite that allows an organization to automate the processes of purchasing materials and maintaining an inventory of goods.

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