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K201 lecture Chapter 10
lecture vocab
33
Business
Undergraduate 1
04/22/2012

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Term
Enterprise resource planning (ERP)
Definition
integreates all departments and functions throughout an organizaion into a single IT system (or integrated set of IT systems) so that employees can make decisions by viewing enterprisewide information on all business operations
Term
Core ERP components
Definition
are the traditional components included in most ERP systems and they primarily focus on internal operations.
Term
Extended ERP components
Definition
are extra components that meet the organizational need not covered by the core components and primarily focus on external operations
Term
Accounting and finance ERP components
Definition
manage accounting data and financial processes within the enterprise with functions such as general ledger, accounts payable, accounts receivable budgeting, and asset management.
Term
Production and materials management ERP components
Definition
handle the various aspects of production planning an execution such as demand forecasting, production scheduling, job cost accounting, and quality control
Term
Human recources ERP components
Definition
track employee information including payroll, benefits, compensation, and performance assessment, and assure compliance with the legal requirements of multiple jurisdictions and tax authorities
Term
Extended ERP components
Definition
extra components that meet the organization needs not covered by the core components and primarily focus on external operations
Term
Customer relationship management (CRM)
Definition
involves managing all aspects of a customer's relationship with an organization to increase customer loyalty and retention and an organization profitability.
Term
Supply Chain Management (SCM)
Definition
involves the management of information flows between and among stages in a supply chain to maximize total between and among stages in a supply chain to maximize total supply chain effectiveness and profitability
Term
Ebusiness
Definition
means conducting business on the Internet, not only buying and selling, but also serving customers and collaborating with business partners.
Term
Elogistics
Definition
manages the transportaion and storage of goods
Term
Eprocurement
Definition
is the business to business (B2B) purchase and sale of supplies and services over the Internet
Term
middleware-
Definition
several different types of software that sit in the middle of and provide connectivity between two or more software applications. Middleware translates information between disparate systems
Term
Enterprise application integration (EAI) middleware
Definition
represents a new approach to middle ware by packaging together commonly used functionality, such as providing prebuilt links to popular enterprise applications, which reduces the time necessary to develop solutions that integrate applications from multiple vendors
Term
Balanced scorecard
Definition
is a management system, in addition to a measurement system, that enables organizations to clarify their vision and strategy and translate them into action.
Term
Core competency
Definition
of an organization is its key strength, a business function that it does better than any of its competitors.
Term
Core Competency strategy
Definition
is one in which an organization chooses to focus specifically on what is does best (its core competency) and forms partnerships and alliances with other specialist organizations to handle nonstrategic to handle nonstrategic business processes
Term
Information partnershp
Definition
occurs when two or more organizations cooperate by integrating their IT systems, thereby providing customers with the best of what each can offer.
Term
collaboration system
Definition
is an IT-based set of tools that supports the work of teams by facilitating the sharing and flow of information.
Term
unstructured collaboration
Definition
includes document exchange, shared whiteboards, discussion forums, and email. these functions can improve personal productivity, reducing the time spent searching for information or chasing answers
Term
Knowledge management (KM)
Definition
involves capturing, classifying, evaluating, retrieving, and sharing information assets in a way that provides context for effective decisions and actions.
Term
knowledge management system (KMS)
Definition
supports the capturing, organization, and dissemination of knowledge throughout an organization.
Term
explicit knowledge
Definition
consists of anything that can be documented, archived, and codified, often with the help of IT
Term
Tacit Knowledge
Definition
is the knowledge contained in people's heads
Term
Social networking analysis (SNA)
Definition
is a process of mapping a group's contacts (whether personal or professional) to identify who knows whomm and who works with whom.
Term
Content management system
Definition
provides tools to manage the creation, storage, editing, and publication of information in a collaborative environment. 
Term
Business Wikis
Definition
are collaborative web pages that allow users to edit documents, share ideas, or monitor the status of a project.
Term
work flow
Definition
defines all the steps or business rules, from beginning to end, required for a business process
Term
workflow management systems
Definition
facilitate the automation and management of business processes and control the movement of work through the business process
Term
Messaging-based workflow systems 
Definition
send work assignments through an email system.
Term
Database-based workflow systems
Definition
store documents in a central location and automatically ask the team members to access the document when it is their turn to edit the document.
Term
videoconference
Definition
is a set of interactive telecommunication technologies that allow two or more locations to interact via two way video and audio transmissions simultaneously
Term
Web conferencing 
Definition
blends audio, video, and document sharing technologies to create virtual meeting rooms where people "gather" at a password-protected website
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