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ERP Glossary

Glossary

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I

Installation (software)

(Also known as setup) of a program (including drivers, plugins, etc.) is the act of putting the program onto a computer system so that it can be executed (used).

Metasystems’ ERP

Metasystems’ ERP is Metasystems author written ERP software that was designed for discrete manufacturers or customers who are MTO (make to order), ETO (engineer to order), CTO (configure to order), ATO (assemble to order) or mixed mode manufacturing. Metasystems’ ERP is totally integrated giving you the total functionality for Sales, CRM, Manufacturing, Engineering, Financials and Warranty Management. Metasystems’ ERP is flexible to meet a large variety of industry needs.

Implementation

Refers to post-sales process of guiding a client from purchase to use of the software or hardware that was purchased

Integrated Software

Software that is not sold by modules (individual specific functionality that requires an interface to work with other functionality) but rather works together with all the functionality of the package to give real time data.

Integrated Software

Software for computers that combines the most commonly used functions of many productivity software programs into one application.

Integrated WorkFlow

A computer system that manages and defines a series of tasks within an organization to produce a final outcome or outcomes; WorkFlow management allows you to define different workflows for different types of jobs or processes.

Interface (computing)

A tool and concept that refers to a point of interaction between components, and is applicable at the level of both hardware and software.

Inventory Bin

Inventory control method (used usually for small or low value items) in which when the parts in the bin are used up, an order is made out for replenishment.

Inventory Control

Supervision of supply, storage and accessibility of items in order to insure an adequate supply without excessive overage; reduce overhead cost without hurting sales.

Inventory Management

Inventory Management is primarily about specifying the size and placement of stocked goods. Inventory management is required at different locations within a facility or within multiple locations of a supply network to protect the regular and planned course of production against the random disturbance of running out of materials or goods.

Invoice

An invoice or bill is a commercial document issued by a seller to the buyer, indicating the products, quantities, and agreed prices for products or services the seller has provided the buyer. An invoice indicates the buyer must pay the seller, according to the payment terms. The buyer has a maximum amount of days to pay these goods and are sometimes offered a discount if paid before.

IT (Information Technology) Consulting

IT consulting is a field, that focuses on advising businesses on how best to use information technology to meet their business objectives. In addition to providing advice, IT consultancies often implement, deploy, and administer IT systems on businesses’ behalf