Our Glossary


W+W Consulting GmbH introduces you to an overview of interesting information you can read and learn more about. Browse our glossary for technical terms and definitions.

W+W Consulting GmbH introduces you to an overview of interesting information you can read and learn more about. Browse our glossary for technical terms and definitions.

a
  • ABC analysis - Program Structure Analysis   Using ABC analysis, a set of objects is divided into classes A, B, and C and […]
  • Aeneis - Aeneis is a business process modelling software that enables companies to model their operational and organizational structure with all processes, […]
  • Artificial Intelligence (AI) - AI is a branch of computer science; it deals with the automation of intelligent behavior and machine learning.
  • Audit management - An audit is a process of quality management that checks whether processes, requirements or guidelines meet the required standard. The […]
b
  • Balanced Scorecard (BSC) - Analysis method for processing goals and measures in different fields of action of an operational unit. In addition to business […]
  • Best practice - Best practice is a recipe for success. It describes proven methods, practices or procedures in companies.
  • Best-of-Breed - Philosophy to find and integrate the best possible solution for each ERP application. In doing so, the solution suites of […]
  • Big Bang - Big Bang is a strategy for the implementation of a software. While doing a Big Bang, e.g. an ERP software […]
  • Big Data - Big Data describes a very large amount of data, e.g. too complex or too unstructured to be evaluated.
  • Business Process Management (BPM) - Process management or business process management (BPM) deals with the identification, design, documentation, implementation, control and optimization of business processes.
  • Business Process Model and Notation (BPMN) - Recording, modelling and graphic representation of business processes. The goal is to illustrate the process. But also, data and organizations […]
  • Business Process Modelling (BPM) - Graphical specification language in process management that provides certain symbols to represent workflows.
  • Business processes (GP) - Business processes are part of a company’s process organization and are a collection of logically linked activities that are performed […]
c
  • Change Management - Change management deals with the planning, implementation and control of far-reaching changes in the company such as the introduction of […]
  • Cloud computing - Cloud computing is an IT infrastructure that no longer has to be installed on local computers, but is made available, […]
  • Cloud-first Strategy - The Cloud-first strategy is a strategy that states cloud services must always be selected as the preferred solution. Only if […]
  • Consulting - Consulting is a service that involves a person (the consultant) conducting a structured conversation (counselling interview) with the person seeking […]
  • Core process - A core process is a sequence of the value chain that is executed to achieve a specific business or operational […]
d
  • Degree of maturity - The maturity level reflects the quality within a predefined framework (maturity model) of a process or concept. We differentiate between […]
  • Design Thinking - Creative problem-solving approach The goal of DT is to develop new ideas and find solutions that are suitable from the […]
  • Document management - Document management means the database-driven management of electronic documents and is the digital variant of analogue Document management. Often, Document […]
e
  • ease27001 - Information security management according to DIN ISO / IEC 27001 or BSI 100-1 Modern information security management in accordance with […]
  • End-to-End process - An End-to-End process (End-2-End/E2E) comprises the sequence of all necessary process steps and activities directly related to the business transaction […]
  • Enterprise Modelling (EM) - Illustration of the objects and relations of a company in a model Essential elements of the enterprise modelling are the […]
  • Enterprise-Resource-Planning (ERP) - ERP has the task of planning the resources of a company such as capital, personnel, operating resources and materials as […]
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  • GAPs - Strategic and operational gaps identified by actual-target-comparison.
  • Governance, Risk, Compliance (GRC) - Corporate governance, risk management, legality and standardization The acronym GRC summarizes key management action areas that are designed to prevent […]
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i
  • IATF 16949 - Comprehensive quality standard for the automotive industry It summarizes all important priorities from several previous quality standards: Product safety Risk […]
  • IMS (Integriertes Managementsystem) - The integrated management system combines different management systems for quality, environment, occupational safety, security, GDPR, etc., which are responsible for […]
  • Industry 4.0 - Fourth industrial revolution After mechanization, electrification and automation, networking and digitization is now the fourth wave of the industrial revolution, […]
  • International Food Standard (IFS) - Standards for the auditing of food manufacturers The IFS Food Standard is a standard for the auditing of food manufacturers […]
  • Internet of Things (IoT) - Internet of Things The Internet of Things is a collective term for technologies of a global Information Society infrastructure that […]
  • ISMS - An Information Security Management System manages, controls, and improves the security of data in a company. The International Organization for […]
  • ISO - International Organization for Standardization This organization develops international standards in all areas except electrics/electronics and telecommunications.
  • ISO 14001 - ISO standard for environmental management
  • ISO 27001 - ISO standard for information security management (see ease27001)
  • ISO 50001 - ISO standard for energy management
  • ISO 9001 - ISO standard for quality management
  • ITIL - The Information Technology Infrastructure Library is a collection of predefined processes, functions and roles typically found in any IT infrastructure […]
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  • Key Performance Indicators (KPI) - KPIs can be used to measure the performance and quality of processes. The development over a certain period, as well […]
  • Key User - Key Users are experts in a specialized field, who are seconded to a project and actively participate in it. Their […]
m
  • Machine Learning - Machine learning is a subsection of artificial intelligence. Machine learning empowers IT systems to identify patterns and develop solutions based […]
  • Management process - A management process is a goal-oriented procedure that regulates decisions and is controlled by a manager within the organization in […]
  • Mind-Mapping - A creative graphical method for capturing and designing contexts around a central issue. Clustering and grouping can be used to […]
o
  • OBASHI - OBASHI (Ownership, Business Process, Application, System, Hardware, Infrastructure) presents the dependencies and data flows between business processes and IT.
  • OData - Open protocol for data exchange
  • One-Supplier Strategy - One-Supplier Strategy states that certain products and/or services may only be purchased from a defined supplier.
  • Organization Chart - The organization chart is the graphic representation of the organizational structure, for example, divisions, departments and employees of the company. […]
p
  • Plan-Do-Check-Act cycle (PDCA) - The control loop for improvement measures with result control. The planned procedure is implemented, and the success is measured (for […]
  • Predictive Maintenance - Predictive maintenance through machine learning Maintenance process that enables real-time data processing to provide predictions that provide the foundation for […]
  • Process Management / Business Process Management (GPM) - Process management involves the identification, design, documentation, implementation, control and optimization of business processes. The goal is to align the […]
  • Process map - Level 0 represents the process map of the company, thus an overview of all core, support and management processes. A […]
  • Process organization - The process organization is the dynamic framework of the work processes to achieve corporate goals. It contains workflows (processes), responsibilities, […]
  • Process Owner - Process Owners are responsible for an End-to-End business process (see also the definition of End-2-End/E2E)
  • Production controlling - Monitor the use of production factors to detect waste and ensure rationalization Production controlling includes the mapping and design of […]
  • Project management (PM) - PM involves initiating, planning, managing, controlling and completing projects. As a rule, a project always has a project leader, who […]
  • Project Scope - The Project Scope describes the amount of work required to complete a product/service. It also includes the parameters and limitations […]
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r
  • Responsible, Accountable, Consulted, Informed (RACI) - A technique for analyzing and presenting responsibilities in an organization Usually, the matrix on one axis shows which processes and […]
  • Risk / Risk management - The Risk management’s task is to continuously identify, analyze, assess, monitor, manage and control risks. According to ISO 31000: 2009, […]
  • Robotic Process Automation (RPA) - Robot-controlled process automation A technology that utilizes the ability of software robots or AI to mimic human interactions with user […]
s
  • S/4HANA - S/4HANA is the latest product of SAP. S stands for simple, 4 stands for the fourth generation and HANA is […]
  • SaaS (Software as a Service) - SaaS is a subset of cloud computing and is based on the principle that the software and the IT infrastructure […]
  • SAP - SAP is a software developer of ERP systems and more. “SAP” stands for systems, applications and products.
  • Solution Manager 7.2 - SolMan 7.2 is the interface of the SAP ERP system, also known as “Single Point of Truth”. It houses the […]
  • Support process - A support process is a procedure that is intended to support and secure the core processes, e.g. HR, IT and […]
  • SWOT Analysis (Strength-Weaknesses-Opportunities-Threats) - The Strengths-Weaknesses-Opportunities-Risk-Analysis is an instrument for identifying the own strengths and weaknesses of the company, which are directly related to […]
t
  • Test management - Test management in the context of ERP projects ensures the quality of the implemented requirements and documents while deviations could […]
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  • Web service - A Web service provides an interface for machine-to-machine or application-communication based on http or https over computer networks such as […]
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  • XYZ-Analysis - Procedure in material requirements planning X = constant consumption Y = stronger fluctuations Z = completely irregular behavior XYZ analysis […]