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| Glossary of Terms Used on the Site |
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| Sunday, 23 November 2008 17:49 | ||||||
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manufacturing or prototyping product components by generating three-dimensional (3D) models using CADCDO - Collateralized Debt Obligation, a security made up of a collection of fixed-income assets backed by collateral. A mortgage-backed security, for example, which is made up of a bundle of mortgages backed by real estate holdings, is a kind of CDO.Channel of Trade - An established market mechanism for distributing and selling products that follows a well-understood set of merchandising, settlement and delivery policiesCloud (Internet) - A common depiction of the Internet as the place where information packets reside, regardless of how they got thereCPD or cPDm - Collaborative Product Development or Collaborative Product Definition Management is a business strategy and method for enabling work teams to cooperate in product design and development across the extended enterpriseCredit Default Swap (CDS) - A credit default swap is a contract between two counterparties, whereby the "buyer" or "fixed rate payer" pays periodic payments to the "seller" or "floating rate payer" in exchange for the right to a payoff if there is a default or "credit event" in respect of a third party or "reference entity". This financial derivative was widely used as a hedge against risky mortgage portfolios; however, it proved to be a high-risk instrument when mortgage failures climbed sharply in 2008Emergency Economic Stabilization Act of 2008 - Commonly called the "bailout plan," the bill granting unusual authority to the US Treasury Secretary to deal with the liquidity crisis of September and October, 2008.Enterprise Architecture - The description of the current and/or future structure and behavior of an organization's processes, information systems, personnel and organizational sub-units, aligned with the organization's core goals and strategic directionExtended Enterprise - A loosely coupled, self-organizing network of firms that combine their outputs to provide product and service offerings. Firms in the extended enterprise may operate independently or cooperatively.Fast Food- See QSR (Quick Service Restaurant)Folksonomy - A user-driven approach to defining taxonomies (used on this site, for example) that allows content contributors to describe their content with tags or labels that become part of a self-organizing search index on the site where the content residesIT - Information Technology - The study, design, development, implementation, support or management of computer-based information systems, particularly software applications and computer hardwareLimited Menu - The primary merchandising strategy of quick service restaurants to hold in check product assortment and customization in order to maintain high throughputMark-to-Market - Accounting rule by which corporations may be required to restate assets on their balance sheets to accurately reflect their current market values.Mortgage-backed Security (MBS) - A security issued by a mortgage lender composed of a collection of collateralized mortgage loans.Parametric Model - A parametric model is a set of related mathematical equations in which alternative scenarios are defined by changing the assumed values of a set of fixed coefficients (parameters)PDMA Glossary - (PDMA.org)PLM - Product lifecyle management - An integrated business approach to manage the creation and dissemination of product data throughout an enterpriseProof of Concept - The simplest possible program that will answer a question that you have about the tasks at handQSR - Quick Service Restaurant,. Often called a Fast Food Restaurant, a QSR is a specific type of restaurant characterized by its limited cuisine and by minimal table service. Food served in fast food restaurants typically caters to a Western-style diet and is offered from a limited menu; is cooked in bulk in advance and kept hot; is finished and packaged to order; and is usually available ready to take away, though seating may be provided. Fast food restaurants are usually part of a restaurant chain or franchise operation, which provisions standardized ingredients and/or partially prepared foods and supplies to each restaurant through controlled supply channels.Retail Lifecycle Management - The application of PLM techniques to the management of information about retail stores, their designs, components and sitesRFID - Radio frequency identification, an automatic identification method, relying on storing and remotely retrieving data using devices called RFID tags or transponders, used for locating and identifying objectsRLM - See Retail Lifecycle ManagementSeparability - The degree to which the operating costs of a business unit or business function are independent of the remainder of the businessService (SOA) - in process automation, a discretely defined set of contiguous and autonomous business or technical functionalityService-orientation - in systems architecture, a design goal of automating logic in the form of services as a means of creating systems in efficient, reusable modulesSOA (Service Oriented Architecture) - an information modeling approach whereby functionality is decomposed into small, distinct units (services), which can be distributed over a network and then combined and reused as needed to create business applicationsSupply chain management - Planning, implementing and controlling processes, business policies, infrastructure and information related to the flow of materials used in the production and distribution of goods and related servicesSyndication of Content - The practice of making the content of a website available in such a manner that many other parties can pick it up via the Internet, automatically and as often as neededTARP - Troubled Assets Relief Program (TARP), under which the Secretary of the Treasury would be authorized to purchase, insure, hold, and sell a wide variety of financial instruments, particularly those that are based on or related to residential or commercial mortgages issued prior to March 14, 2008Web 2.0 - The second generation of the worldwide web, characterized by collaborative on-line communities, network-hosted applications, tagging ("folksonomy"), content syndication, and user-contributed content ("wikis")Wiki - A collaborative website which can be directly edited by anyone with access to itWorkflow - a reliably repeatable pattern of activity enabled by a systematic organization of resources, defined roles and mass, energy and information flows, into a work process that can be documented and learned.Zigbee - a communication protocol for wireless personal networks that is designed for secure, low-volume, energy-efficient radio frequency applications, such as locating and tracking assets in a warehouse or trailer.To learn more about our work in consulting, read about our Practice or check out our Case Studies.See Articles and Citations for articles and quotes by JP Farrell.©2009 by JP Farrell & Associates, Inc. All rights reserved.
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