Book of business

An ERP Book of Business is defined as a collection of master data records that pertain to a specific area of business activity within an enterprise. These records may be related to customers, vendors, products, inventory, financials, etc. The ERP Book of Business is used to support various business processes and transactions within the enterprise. … Read more

Categories ERP

Inflection point

An inflection point is a point on a curve at which the curvature changes from concave to convex, or vice versa. In other words, it is a point where the curve changes from being ” bowed” in one direction to being ” bowed” in the other direction. The term is often used in mathematics, economics, … Read more

Categories ERP

Format war

A format war is a battle between competing proprietary formats for storing or transmitting digital data. The term is most commonly used in reference to audio and video formats, although it can apply to any type of data. The format war may be between two or more companies, or between different formats developed by the … Read more

Categories ERP