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Please search the abbreviations by using the alphabet links above.
The purpose of this tool is to list and define abbreviations used within the supply chain,
logistics and
Enterprise Resource Planning (ERP) areas. Please Email any terms that you think are missing or
where the definition is incorrect. All suggestions will be credited.
This work is copyrighted.
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OAGI
- Open Applications Group - a not-for-profit, open and fully
independent Open Standards Organisation focused on promoting interoperability
among business applications and creating business language standards to support
this goal (Thanks to Felipe Barousse Boué,
piensa.com)
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OBA
- Open Book Accounting - describes a level of access to accounting
data not normally available under a conventional procurement method. Also OB -
Open Book.
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OBU
- On Board Units - In truck telematic units, say.
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OC
- Order Cycle - the time between order placement and fulfillment.
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ODBC
- Open Database Connectivity - standards that simplify integrating
different databases.
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ODS
- Operational Data Store
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OE
- Order Entry
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OEE
- Overall Equipment Effectiveness - a formula that gives the
overall effectiveness a machine or factory.
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OEM
- Original Equipment Manufacturer - the company
that actually creates the part, hardware or software. Widely used in the
Automotive industry, say, to identify the car assemblers, Ford, GM etc.
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- OF
- Order Fill - percentage of orders fulfilled without
replenishment.
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- OLAP
- On-Line Analytical Processing - in the Business Intelligence
world signifies a 'live' report or graphic that can be drilled down on.
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- OLTP
- On-Line Transaction Processing
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- OMP
- Operations Management Platform
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- OMS
- Order Management System - used in conjunction with Transportation
Management Systems (TMS) to present orders for Transportation.
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- OOS
- Out Of Stocks
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- OPEX
- OPerating EXpenditure (Thanks to Stephen Butler)
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- OPC
- Process industry vertical and cross-industry data exchange
standard
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- OP
- Order Processing
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- OPT
- Optimised
Production Technology - method of planning based around bottleneck
production resources. From the book 'The Goal' by Eli Goldratt.
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"The Goal is to make money by increasing net profit, while
simultaneously increasing return on investment, and simultaneously
increasing cash flow" by managing throughput, inventory
and operating expenses. Flow is balanced by using variable batch sizes
and concentrating on optimizing a plant's bottleneck resource. Source of the Theory Of Constraints (TOC). -
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OR
- Operations Research - the basis for much manufacturing and
manufacturing management theory.
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- OSB
- Order, Shipping and Billing
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- OTB
- Open To Buy,
used in retail procurement. Essentially the amount of purchasing
budget left to spend on a category (Thanks to
Jill Harrison).
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- OTC
- Order To Cash - Usually in the consumer packaged goods industry
(CPG) the order
processing, invoicing, cash collection, claims / deductions cycle.
Usually related to promotions management where most of the complexity
starts (Thanks to
Frank Gugliuzza). Also Over The Counter.
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- OTIF
- On Time In Full - sales order delivery performance measure which can be expressed as a target,
say, of achieving 98% of orders delivered in full, no part shipments, on the requested date
(Thanks to Marta Kurunczi). See also QOTIF.
- mySupplyChain consultants have found that customers and their suppliers sometimes have different interpretations of the same OTIF
measure. As an example a supplier might be using an internal delivery
date generated by a planning system rather than the customer's promise
date to measure the on-time target.
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