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Vivace E-business Showcase
Glossary:
Arena:
A discrete event simulation software tool produced by Rockwell Inc., used for WP2.5 simulation studies.
Bill of Materials (BOM):
A term used to describe the parts list and structure of components needed to manufacture an end-item. BOM are hierarchical in nature with the top level representing the end-item, the next level the sub-assembly and so on.
Enterprise Resource Planning (ERP):
A broad range of activities supported by a software tool that assists in the management of important business processes, including product planning, purchasing, inventory strategy, interactions with suppliers, management of customer service activity, order tracking, etc.
Extended Enterprise:
An enterprise where companies are interdependent and integrated collaboratively in the design, development, manufacturing and delivery of a product to end user
Material Requirements Planning (MRP):
Process (and supporting software) for determining material, labour and machine requirements in a manufacturing environment. Now superseded by MRPII.
Manufacturing Resource Planning (MRP2):
The consolidation of material requirements planning (MRP), capacity requirements planning (CRP), and master production scheduling (MPS)
METAFER:
Methodology for Tool Selection for the Evaluation of Process Alternatives
(German: Methodendefinition und Werkzeugauswahl zur Fertigungsalternativenbewertung)
Maintenance, Repair and Overhaul ( MRO):
Work related to international authorization rules to deliver a safe airline operation and to assure reliability and availability of customer fleets.
Original Equipment Manufacturer ( OEM):
A term for the situation in which one company purchases a manufactured product from another company and resells the product as its own, usually as a part of a larger product it sells.
Product-Process Matrix:
A tool for analyzing the relationship between the product life cycle and the technological life cycle.
SAP:
A German business software vendor specialising in Enterprise Resource Planning and Advanced Planning.
Simulation:
The imitation of the operation of a real world process or system over time. Simulation involves the generation of an artificial history of the system and the observation of that artificial history to draw inferences concerning the operational characteristics of the real system that is represented. (Banks, 1998)
SMART:
An acronym used to provide a comprehensive definition for goal setting: S - specific, M - measurable, A - achievable, R - realistic, T - timely.
Supply Chain:
A network of connected and interdependent organisations mutually and co-operatively working together to control, manage and improve the flow of material and information from suppliers to end users.
Supply Chain Design:
Supply chain design involves the determination of how to structure a supply chain. Design decisions include the selection of partners, the location and capacity of warehouse and production facilities, the products, the modes of transportation, and supporting information systems.
Source: http://www.apics.org/.
Supply Chain Management (SCM):
The management of upstream and downstream relationships with suppliers and customers to deliver superior customer value at less cost to the supply chain as a whole.
Virtual Enterprise:
An enterprise created to add value by selecting business resources from different companies and integrating them into a single business entity.
Visual Basic (VB):
An event driven high level programming language and related development environment from Microsoft based on the COM programming model.
