Aside section
Technology Industry 4.0
Warehouse Management System, WMS
WMS (Warehouse Management System) is a common definition of software and hardware systems that allow automating, optimizing warehouse operations, and improving the manageability of warehousing and business in general.
International Financial Reporting Standards, IFRS
IFRS (International Financial Reporting Standards) is a set of documents (standards and interpretations) governing the preparation of financial statements necessary for external users to make economic decisions about an enterprise.
Enterprise Asset Management, EAM
EAM (Enterprise Asset Management) is a systematic and coordinated activity of an organization aimed at optimal management of physical assets and their operation modes, risks, and expenses throughout the entire life cycle for achieving and implementing the organization’s strategic plans.
Reliability Centered Maintenance, RCM II
Reliability Centered Maintenance is a management strategy for fixed production assets, the main principle of which is to prevent deviations of equipment state parameters to the level that lead to violation of the operation of an object or a system in a particular production environment.
Total Productive Maintenance, TPM
TPM (Total Productive Maintenance) is a concept for managing production equipment aimed at increasing the efficiency of maintenance.
Supplier Relationship Management, SRM
SRM (Supplier Relationship Management) is an enterprise's activity aimed at improving the level of procurement management, developing a strategy for interacting with key suppliers, optimizing business processes, and then analyzing the results.
Applicant Tracking System, ATS
ATS (Applicant Tracking System is software that allows automating the solution of recruiting tasks. ATS can be either a classic application or an online service (depending on the needs and size of the company).
Lean Manufacturing, LEAN
Lean (Lean Production, Lean Manufacturing is a concept for managing a manufacturing enterprise based on the constant desire to eliminate all types of losses.
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