online dictionaries of abbreviations

A B C E K O S
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ABC
(Activity-Based Costing) A method of allocating costs to products and services. It is generally used as a tool for planning and control. Instead of using broad percentages to allocate costs, More…
ASP
(Application Service Provider) A business that provides access to a particular application program over a network using a standard protocol such as HTTP. The need for ASPs has evolved from More…
BI
(Business Intelligence) The use of application software and other technologies to gather, store, analyze, and provide access to data. Some observers regard BI as the process of enhancing More…
BPM
(Business Performance Management) A set of processes that help organizations optimize business performance. Business performance management focuses on business processes such as planning, More…
BPO
(Business Process Outsourcing) The leveraging of technology or specialist process vendors to provide and manage an organisation's critical and/or non-critical enterprise processes and More…
BSC
(Balanced ScoreCard) A concept for measuring a company's activities in terms of its vision and strategies. Balanced Scorecard forces managers to focus on the important performance More…
BYOD
(Bring Your Own Device) A business policy that allows employees to bring personally owned IT devices (laptops, tablets, and smart phones) to their workplace, and use those devices for their More…
CRM
(Customer Relationship Management) A manaagement process purports to enable organizations to better serve their customers through the introduction of reliable processes and procedures for More…
CSR
(Corporate Social Responsibility) Corporate social responsibility is a self-regulatory mechanism whereby a business monitors and ensures its active compliance with the spirit of the law, More…
ERP
(Enterprise Resource Planning) A software system designed to support and automate the business processes of medium and large businesses. ERP can aid in the control of many business More…
KM
(Knowledge Management) KM seeks to make the best use of the knowledge that is available to an organization, creating new knowledge, increasing awareness and understanding in the process. More…
KPI
(Key Performance Indicators) Financial or non-financial metrics used to reflect the critical success factors of an organization. KPIs are used in business intelligence to assess the present More…
OEM
(Original Equipment Manufacturer) A company that manufactures products or components that are purchased by a company and retailed under the purchasing company's brand name. OEM More…
OLAP
(On Line Analytical Processing) An approach to quickly provide the answer to complex analytical queries. It is part of the broader category business intelligence, which also includes ETL, More…
OSH
(Occupational Safety and Health) An area of management relating to protecting the safety, health and welfare of people engaged in work. The goals of occupational safety and health programs More…
SCM
(Supply Chain Management) The process of planning, implementing, and controlling the operations of the supply chain with the purpose to satisfy customer requirements as efficiently as More…
SKU
(Stock Keeping Unit) An identifier that is used by merchants to permit the systematic tracking of products and services offered to customers. Usage of the SKU system is rooted in the drill More…
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