| Data Management |
| Data Resource Management is the development and execution of architectures, policies, practices and procedures that properly manage the information needs of an enterprise. Companies often keep raw information in online transaction processing (OLTP) systems, which track day-to-day operations. But OLTP systems aren’t well suited for answering strategic questions for a business. To answer those kinds of questions, a company needs an analysis system with the ability to perform ad hoc queries and create specialized reports. A data warehouse provides business users with a multidimensional view of the data they need to analyze business conditions. It is a database that collects business information from many sources in the enterprise, covering all aspects of the company’s processes, products and customers. The software designed for organizing data and providing the mechanism for storing, maintaining, and retrieving that data in a database is called a database management system (DBMS). The large amount of stored data has to be mined in order to find underlying relationships and patterns. The process is called data mining. Sources: http://www.dama.org/ http://www.computerworld.com/itresources/rchome/ 0,4167,KEY241,00.html http://www.apics.org/ (10th ed.) See: Information Technology top |
| Demand Management |
| The function of recognizing all demands for goods and services to support the market place. It involves prioritizing demand when supply is lacking. Proper demand management facilitates the planning and use of resources for profitable business results. Source: http://www.apics.org/ (10th ed.) top |
| Distribution Channel |
| The distribution route, from raw materials through consumption, along which products travel. top |
| Distribution Channel Design |
| The planned channels of inventory disbursement from one or more sources to field warehouses and ultimately to the customer. There are several levels in the distribution network structure. Source: APICS (8th edition) top |