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SCM - supply chain management

SCM - supply chain management

SCM (supply chain management) - management concept and organizational strategy, which is an integrated approach of managing the information on theraw materials, products, services, that transformed during the implementation of logistics and production processes in the enterprise.

WMS - warehouse management system

WMS - warehouse management system

WMS (warehouse management system) - the general definition of hardware and software systems that enable automation, optimization of warehouse operations and warehouse management, as well as business in general.

IFRS - international financial reporting standards

IFRS - international financial reporting standards

IFRS (international financial reporting standards) - a set of documents (standards and interpretations) that regulate the rules of financial statements formation necessary for external users to make economic decisions about the enterprise.

EAM - enterprise asset management

EAM - enterprise asset management

EAM (enterprise asset management) - systematic and coordinated activity of the organization, aimed at optimal management of physical assets and their working regimes, risks and costs throughout their life cycle to achieve and implement strategic plans of the organization.

RCM II - reliability-centered maintenance management

RCM II - reliability-centered maintenance management

RCM II (RCM2) - the strategy of management of basic production funds, the main principle of which is to prevent the state parameters of equipment that lead to a violation of the functioning of the object or system in a particular production environment.

TPM - total productive maintenance

TPM - total productive maintenance

TPM (total productive maintenance) - concept of production equipment management, aimed at increasing maintenance efficiency.

SRM - supplier relationship management

SRM - supplier relationship management

SRM (supplier relationship management) - the activity of the company, aimed at increasing the level of management of procurement activities, developing a strategy for interaction with key suppliers, optimization of business processes and further result analysis.

ATS - applicant tracking system

ATS - applicant tracking system

ATS (applicant tracking system) is the recruiting tasks automation software .

Lean - lean manufacturing

Lean - lean manufacturing

Lean (lean production, lean manufacturing) - the concept of production enterprise management, based on the constant desire to eliminate all types of losses.

Blockchain - Block chain

Blockchain - Block chain

Blockchain (or block chain) is a continuous sequence of blocks containing information, built according to certain rules. Most copies of chain strings are stored on many different computers independent of each other.

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