Carol Sliwa This definition is part of our Essential Guide: Essential guide to business continuity and disaster recovery plans Share this item with your network: Business impact analysis BIA is a systematic process to determine and evaluate the potential effects of an interruption to critical business operations as a result of a disaster, accident or emergency. The result is a business impact analysis report, which describes the potential risks specific to the organization studied.
Demand in any period that is outside the limits established by management policy.
This demand may come from a new customer or from existing customers whose own demand is increasing or decreasing. Care must be taken in evaluating the nature of the demand: Is it a volume change, is it a change in product mix, or is it related to the timing of the order?
In cost management, an approach to inventory valuation in which variable costs and a portion of fixed costs are assigned to each unit of production. The fixed costs are usually allocated to units of output on the basis of direct labor hours, machine hours, or material costs.
A Canada Customs system to speed the release of shipments by allowing electronic transmission of data to and from Canada Customs 24 hours a day, 7 days a week.
In quality management, when a continuing series of lots is considered, AQL represents a quality level that, for the purposes of sampling inspection, is the limit of a satisfactory process average.
In quality management, a specific plan that indicates the sampling sizes and the associated acceptance or non-acceptance criteria to be used. In quality management, 1 A number used in acceptance sampling as a cut off at which the lot will be accepted or rejected.
For example, if x or more units are bad within the sample, the lot will be rejected. The entire lot may be accepted or rejected based on the sample even though the specific units in the lot are better or worse than the sample. There are two types: In attributes sampling, the presence or absence of a characteristic is noted in each of the units inspected.
In variables sampling, the numerical magnitude of a characteristic is measured and recorded for each inspected unit; this type of sampling involves reference to a continuous scale of some kind.
A carrier's ability to provide service between an origin and a destination. A carrier's charge for accessorial services such as loading, unloading, pickup, and delivery, or any other charge deemed appropriate.
Being answerable for, but not necessarily personally charged with, doing specific work. Accountability cannot be delegated, but it can be shared. For example, managers and executives are accountable for business performance even though they may not actually perform the work.
The value of goods and services acquired for which payment has not yet been made.
The value of goods shipped or services rendered to a customer on whom payment has not been received. Usually includes an allowance for bad debts. Certification by a recognized body of the facilities, capability, objectivity, competence, and integrity of an agency, service, operational group, or individual to provide the specific service or operation needed.
A committee of ANSI chartered in to develop uniform standards for the electronic interchange of business documents. A place, usually a physical location, used to accumulate all components that go into an assembly before the assembly is sent out to the assembly floor.
In quality management, the degree of freedom from error or the degree of conformity to a standard. Accuracy is different from precision. For example, four-significant-digit numbers are less precise than six-significant-digit numbers; however, a properly computed four-significant-digit number might be more accurate than an improperly computed six-significant-digit number.
See Automated Call Distribution. A communication by a supplier to advise a purchaser that a purchase order has been received.
It usually implies acceptance of the order by the supplier.Placement assistance. Our students are groomed to become successful leaders to launch social ventures in a way that they can generate impact, seed first generation social entrepreneurs in last mile communities, and also catalyze the influence and resources of business, government and facilitating institutions towards fostering an economic growth.
A Study on the Value and Impact of B2B E-commerce: The Case of Web-based Procurement The Case of Web-based Procurement 1. Introduction Web-enabled applications for business-to-business (B2B) electronic commerce are information technology (IT) systems, such as electronic data interchange (EDI)?
In this. International Journal of Business, Humanities and Technology Vol.3 No.5; May 75 The Impact of Inventory Management Practices on Financial Performance of Sugar.
Discover the impact you can make with trusted data that takes you all the way from insight to action. Introduction to Risk Analysis Thomas R.
Peltier. 1. Overview Risk management is a process that provides management with the balance of meeting business objectives or missions and the need to protect the assets of the organization cost effectively.
Many organizations are applying Electronic Data Interchange (EDI) to improve operational efficiency, enhance information quality, and achieve reductions in processing time of critically important business information.