ERP Terminology explained

ERP Terminology can be confusing. We know. Therefore, the guide will explain each terminology used throughout the ERP journey.

3

3rd Party Application

A

A/R
ABC Analysis
Accounting Period
Accounts Payable
Accounts Receivable
Actual Cost
Advanced Planning and Scheduling
Aging
Allocation
API
Application Programming Interface
APS
Assemble-to-Order
ATO
ATP
Available-to-Promise

B

B2B
B2C
Backflush
Backorder
Bar Code
BI
Bill of Lading
Bill of Material
BOL
BOM
Bottleneck
BTS
Build to Stock
Burden
Business Intelligence
Business-to-Business
Business-to-Consumer

C

Capacity
Capacity Requirements Planning
Cloud
Configure Price Quote
Configure-to-Order
Consumables
CPQ
CRM
CRP
CTO
Customer
Customer Relationship Management
Cycle Counting

D

Demand
Drill Down
Drop Ship

E

E-Commerce
EDI
EFT
Electronic Data Interchange
Electronic Funds Transfer
Engineer-to-Order
Enterprise Resource Planning
ERP
Estimate
ETO

F

FIFO
Financial Statements
Finished Goods
First In First Out
Fiscal Year
Fixed Assets
Fixed Order Quantity
FOB
FOQ
Forecast
Forecast Error
Free on Board

G

G/L
General Ledger

H

HRM
Human Resource Management

I

Implementation
Income Statement
Integrated Software
Interfaced Software
Inventory
Inventory Adjustment
Invoice
Invoice Date
Item

J

JIT
Job 
Job Cost 
Job Shop
Just-in-Time

K

Key Performance Indicator
KPI

L

Last In First Out
Lead Time
Lean Manufacturing
License Model
LIFO
Lot Number

M

Make-to-Order
Make-to-Stock
Master Production Schedule
Material Control
Material Handling
Material Requirements Planning
Materials Management
Mixed Mode Manufacturers
Mobile Data Collection
Module 
MPS
MRP
MTO
MTS

N

NAICS
North American Industry Classification System

O

Outsourcing
Overhead

P

Packing Slip
Part Numbers 
Parts
Physical Count
Procurement 
Production Control
Progress Payment 
Purchase Order
Purchase Requisition
Purchasing 

Q

Quotation 

R

Raw Materials
Receiving 
Reorder Level 
Replenishment 
Return Material Authorization
RMA 
Routing

S

Safety Stock 
Sales Order
Scheduling 
SCM 
Ship Via 
Shipping 
Software License 
Source Code
Spare parts
Stock 
Supplier 
Supply Chain 
Supply Chain Management
System Administrator

T

TCO
Total Cost of Ownership
Traveler 

U

UDF
UI
Unit of Measure
UOM
Upgrade 
User 
User Defined Field
User Interface

V

Vendor 
Vendor-Managed Inventory
VMI

W

Warehouse 
WIP
Work in Progress
Work Order 
Work Order Cost

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