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• MRP vs. ERP: Understanding the difference

  Did you know today's ERP systems evolved from yesterday's MRP systems? Learn the differences between MRP and ERP including their benefits, applications and functionality. Continue Reading

• 7 supply chain management key terms you need to know

  Consumers are demanding greater visibility, but how do you give it them? We're starting with a list of supply chain management basic terms that you should be aware of. Continue Reading

• Mating season for SaaS financials and business processes

  Integrating SaaS financials with business processes like HR, CRM and supply chains can immediately provide companies with valuable insights in a centralized location. Continue Reading

• cost of goods sold (COGS)

  Cost of goods sold (COGS) is the total of the costs directly attributable to producing goods. It includes material and labor costs but not indirect costs such as sales, marketing and distribution. In accounting, it is a standard item in the expense ... Continue Reading

• Words to go: Industry 4.0 basics

  We've compiled a list of the key terms used to describe the fourth industrial revolution, as well as some of the technologies that are driving the vision forward. Continue Reading

• Definitions to Get Started

  • ERP (enterprise resource planning)
  • order to cash (OTC or O2C)
  • right to repair (electronics)
  • supply chain management (SCM)

  • order management
  • Bullwhip Effect
  • overall equipment effectiveness (OEE)
  • cost of goods sold (COGS)

  View All Definitions

• budgeting, planning and forecasting (BP&F)

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

• supply chain planning (SCP)

  Supply chain planning (SCP) is the component of supply chain management (SCM) involved with predicting future requirements to balance supply and demand.Continue Reading

• financial analytics

  Financial analytics is the creation of ad hoc analysis to answer specific business questions and forecast possible future financial scenarios.Continue Reading

• supply chain sustainability (SCS)

  Supply chain sustainability (SCS) is a holistic view of supply chain processes, logistics and technologies that addresses the environmental, social, economic and legal aspects of a supply chain's components.Continue Reading

• Supply chain software poses security risks

  Poor internal security procedures and a lack of compliance protocols -- especially for small suppliers -- can introduce cybersecurity threats into global supply chains.Continue Reading

• Smart factory may hinge on identifying needed skills

  One expert says flexibility is more important than specific skills. But tell that to the manufacturer that needed a full stack developer and Oracle database architect.Continue Reading

• logistics

  Logistics is the process of planning and executing the efficient transportation and storage of goods from the point of origin to the point of consumption.Continue Reading

• Process management team can be bridge between IT, business

  Process automation efforts, such as chatbots and predictive modeling, are more likely to succeed if you have a clear understanding of operational levels and team roles.Continue Reading

• service supply chain

  The service supply chain is the part of the supply chain dedicated to providing service on products.Continue Reading

• Oracle Autonomous Data Warehouse aiding analytics developers

  Early adopters of Oracle's new AI-based, partly self-managing data warehouse say it can free up time to develop value-adding enterprise applications, workflows and analytics.Continue Reading