Trends in Enterprise Information Systems and Manufacturing Industry

A set of vocabulary flashcards based on key terms and concepts from the lecture notes regarding trends in enterprise information systems and manufacturing.

Enterprise Information Systems (EIS)

Systems that manage and coordinate the data and processes of an organization.

Cloud Computing

Delivery of computing services over the internet for storage, processing, and software.

Creative Commons Attribution 4.0 International License

A license that allows sharing and adaptation of creative work, with attribution.

Mass Production

Manufacturing of large quantities of standardized products, often using assembly lines.

Mass Customization

A manufacturing process that allows for the customization of products at a high volume.

Lean Manufacturing

A production practice that considers the expenditure of resources in any aspect other than the direct creation of value for the end customer to be wasteful.

Servitization

The transformation of a business model from selling products to providing services.

Product-Service Systems (PSS)

Business model that combines physical products and services to fulfill customer needs.

Customer Order Decoupling Point (CODP)

The point in the production process where the product is linked to a specific customer order.

Configuration of Product Platforms

Designing structures that allow for the customization of products from a common base.

Application Service Providing (ASP)

A service model where applications are hosted by a provider and made available to customers over the internet.

Software as a Service (SaaS)

A software distribution model in which applications are hosted by a third-party provider and made available to customers over the internet.

Single-Code Base

A software development approach where a single version of the code serves multiple customers.

Bespoke Software

Custom-built software designed specifically for a particular organization or user.

Standard ERP

Enterprise Resource Planning software that is standardized and widely used across various sectors.

Modularity

A design principle that divides a system into smaller parts (modules) that can be independently created and then used in different systems.

Economies of Scale

Cost advantages gained by an increased level of production.