|
|
ABRA – The Payroll module offered
by Encompix. ABRA from Best Software is the leading payroll system for midsize companies.
|
|
|
|
APS – Advanced Planning and Scheduling
is the component of Encompix that uses constraint-based algorithms to identify the
best possible production schedule
|
|
|
|
Balanced Scorecard – The term given
to identifying key business indicators and continually measuring performance.
|
|
|
|
CorVu – The Executive Information
System working with Encompix data to provide graphical reporting and drill-down
capabilities.
|
|
|
|
Cost-to-Complete – Used in the project
world to identify the cost of completing a project. Used to establish if the project
is over budget.
|
|
|
|
Dependent Demand Planning – A software
program used by Encompix to determine the purchase material requirement for a project
or job
|
|
|
|
Engineer-to-Order (ETO) – Describes
a manufacturing style. An ETO company will design and build a unique product to
a customer¹s specification.
|
|
|
|
ERP – Enterprise Resource Planning
is the term given to an integrated business system that is an evolution of MRP II.
ERP addresses all areas defined by the MRP II model but expands the scope from just
manufacturing to the whole enterprise to include sales order management, financial
accounting, payroll and is, in some case, distribution. ERP typically addresses
multi-site operations and operates on client/server technology with SQL relational
databases to provide access to information.
|
|
|
|
GAAP – Generally Accepted Accounting
Principles
|
|
|
|
GST/PST – Goods and Services Tax/Provincial
Sales Tax is the two-tier sales tax system used in Canada.
|
|
|
|
Make-to-Order – Refers to a style
of manufacturing where the company builds a product to a specific customer¹s order.
This may or may not include design. In most cases the manufacturer will continue
to run batches of the product for that specific customer.
|
|
|
|
MAPI – Messaging Application Programming
Interface (pronounced mappy). Developed by Microsoft and other companies to enable
Windows applications to access a variety of messaging systems. Used by Encompix
to allow messages to be passed by a MAPI–compliant email system like Microsoft Outlook.
|
|
|
|
MRO – Maintenance, Repair and Overhaul.
Term given to the activities relating to post-sales services.
|
|
|
|
MRP – Material Requirements Planning.
Term given to the computer process that balances material supply and demand by taking
the top-level demand (sales order or forecast) and determining the requirements
of all its components. The process works its way down the bill of material, calculating
the requirements at each level and netting against inventory and existing supply
orders to recommend the net quantity required to meet the demand.
|
|
|
|
MRP II – Manufacturing Resource
Planning. Term developed by the late Ollie Wight and promoted by the American Production
and Inventory Control Society (APICS) as the definition of the ³standardý business
system for manufacturing companies. Referred to as the ³closed-loopý system, MRP
II covers master scheduling, MRP, bill of material, inventory control, purchasing,
scheduling, capacity planning, shop floor control and costing.
|
|
|
|
Project-based Manufacturing – The
term given to any manufacturing company that builds products to a project or contract.
This style involves estimating and quoting to win the business and planning all
activities to complete the project. All costs must be allocated to the project and
compared to the original estimate.
|
|
|
|
RFQ – Request for Quotation used
by purchasing to formally ask a supply to quote for business.
|
|
|
|
Rules-based scheduling – The technique
used by advanced planning and scheduling systems to derive an optimized schedule
by planning the best sequence of operations taking into account capacity and material
constraints and user defined rules.
|
|
|
|
SG&A – Sales, General and Administration
is the term given to the overhead expense used in calculating an estimate to determine
selling price.
|
|
|
|
Theory of Constraints (TOC) – Made
popular by Eli Goldratt in the 1980s with his book "The Goal." The basis of TOC
is that in every production process there are bottlenecks or constraints that determine
the throughput of a factory. Eliminating these constraints will greatly improve
throughput.
|
|
|
|
WIP – Work-in-Progress refers to
the jobs or work orders currently on in the production process. A job is typically
considered to be WIP when it is released to production.
|
|
|