15 Accounting and management technology glossary terms
the industrial engineer are important in administration that why my glossary is made about management and accounting who's provided the lexical champ for this profession. It applies and multiple sectors of the society.
automate
verb
convert (a process or facility) to largely automatic operation.
Example: atabase update operations Maxinum advantage of MySQL features were taken to AUTOMATE and minimise expensive php codeing and validation.
fr: automatiser
Benchmarking
noun
evaluate or check (something) by comparison with a standard.
Example: BENCHMARKING - the definition of BENCHMARKING is "the continuous process of measuring products, services, and practices against major competitors or industry leaders" (Daft, 2002).
fr: Analyse comparative
Cost Reduction
noun
Data Analysis
noun
the process of systematically applying statistical and/or logical techniques to describe and illustrate, condense and recap, and evaluate data.
Example: The values calculated were: The error value quoted is derived from the error given in the linear fit as quoted by the graphing program Origin 7.0, which was used in the DATA ANALYSIS, and combined with the error in the length measurement.
fr: Analyse des données
Flow Management
noun
Investment
noun
the action or process of investing money for profit or material result.
Example: Finding a new plot may result in the loss of customers, due to new location and would also require a considerable INVESTMENT.
fr: Investissement
Just-In-Time
Adjective
denoting a manufacturing system in which materials or components are delivered immediately before they are required in order to minimize inventory costs.
Example: Moreover, the development of new technology (such as JUST-IN-TIME system) and the scale of direct contact between staffs and customers required more direct communication between employers and their employees in order to achieve business success (Emmott 2002).
fr: Juste à temps
optimize
verb
make the best or most effective use of (a situation, opportunity, or resource).
Example: This careful attention to detail guarantees the caliper is integrated with other brake system components to OPTIMIZE pedal feel and NVH performance, as well as maximize caliper performance over the life of the vehicle.
fr: optimiser
overdraft
noun
lets you borrow money through your current account by taking out more money than you have in the account.
Example: Thus, because of the importance of cash position in a business, managers often plans cash movements in advance, which enable them to be confident of adequate cash, or to have enough time to negotiate OVERDRAFT facilities.
fr: découvert
Process Improvement
noun
the proactive task of identifying, analyzing and improving upon existing business processes within an organization for optimization and to meet new quotas or standards of quality
Example: Process improvement is not about making big changes, but about making small changes that have a lasting impact over time.
fr: Amélioration des processus
profit
noun
a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something.
Example: PROFIT and Loss Statement - PROFIT and Loss Statement is based on business transactions. It is particularly useful as it shows the PROFIT I made following taxation. When the cost of goods is deducted from the PROFIT, the purchase of goods that need to be made in the next financial year are also deducted to give a more realistic view of the finances that will be available to me.
fr: profit
Reliable
Adjectives
consistently good in quality or performance; able to be trusted
Example: It has been seen that dendrochronology is very RELIABLE and can be extremely useful when made into a chronological sequence such as the bristlecone pines in California.
fr: Fiable
Supply Chain
noun
the sequence of processes involved in the production and distribution of a commodity.
Example: Towill, D., R. (1996), "Time compression and SUPPLY CHAIN management a guided tour", SUPPLY CHAIN Management, Vol. 1 No. 1, pp.15-27. Towill, D., R. (1997), "The seamless SUPPLY CHAIN the predator's strategic advantage", International Journal of Technology Management
fr: Chaîne d'approvisionnement
Time Management
noun
The ability to use one's time effectively or productively, especially at work.
Example: But TIME MANAGEMENT, group work and extensive reading were a big challenge especially while having other assignment and coursework commitments.
fr: Gestion du temps
users
noun
people who directly operate or benefit from a product, such as workers using machinery in a factory.
Example: Positive disconfirmation is a state that both consumers and producers hope for, but even negative disconfirmation, provided that it is followed by constructive feedback from unsatisfied USERS, can be beneficial for the company, as long as it understands where the drawbacks are and try to rectify them.
