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ERP Glossary

Glossary

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B

Barcode

An optical machine-readable representation of data, which shows data about the object to which it attaches by using special–optical scanners called barcode readers.

Bill of Material

List of all raw materials, parts, intermediates, sub-assemblies, etc., (with their quantities and description) required to construct, overhaul, or repair something. See also bill of quantities.

BI (Business Intelligence)

Refers to computer-based techniques used in spotting, digging-out, and analyzing business data, such as sales revenue by products and/or departments, or by associated costs and incomes. BI reporting provides historical, current, and predictive views of business operations.

Blanket Order

An order the customer makes with its supplier which contains multiple delivery dates scheduled over a period of time, sometimes at predetermined prices.

BOL (Bill of Lading)

A document issued by a carrier to a shipper, acknowledging that specified goods have been received on board as cargo for conveyance to a named place for delivery to the consignee who is usually identified.

Business Analyst

A professional who analyzes the organization and design of businesses, government departments, and non-profit organizations; Business Analysts also assess business models and their integration with technology.

Budgeting

Provides a forecast of revenues and expenditures by constructing a model of how a business might perform financially if certain strategies, events and plans are carried out.Enable the actual financial operation of the business to be measured against the forecast.

Business flow

Business flow is the process in which tasks in a business take place. It is the steps in the business process from start to finish ensuring objectives and goals of the company are met. Business flow also shows all major components of the business process.

Business model

Describes the rationale of how an organization creates, delivers, and captures value (economic, social, or other forms of value).

Business Operations

Ongoing recurring activities involved in the running of a business for the purpose of producing value for the Company.

Business Processes

A business process or business method is a collection of related, structured activities or tasks that produce a specific service or product (serve a particular goal) for a particular customer or customers.