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ERP Glossary

Glossary

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O

Out of the Box (software)

The term used to denote items, functionalities, or features that do not require any additional installation or modifications.

OEM (Original Equipment Manufacturers)

Manufactures products or components that are purchased by a company and retailed under that purchasing company’s brand name.

Office Manager

An office manager is an employee charged with the general administrative responsibilities of any given office of a corporation. In small and medium sized companies the task is often given to the corporation’s bookkeeper. In large companies there will often be several offices in several geographical areas, and each one will have an office manager.

Operations Management

An area of management concerned with overseeing, designing, and redesigning business operations in the production of goods and/or services. It involves the responsibility of ensuring that business operations are efficient in terms of using as little resources as needed, and effective in terms of meeting customer requirements. It is concerned with managing the process that converts inputs (in the forms of materials, labor, and energy) into outputs (in the form of goods and/or services).

Order Management

A computer software application that is used in a number of industries for order entry and processing.