Caliach Vision - Glossary intro 4GL - Fourth Generation Language: A computer software engineering tool that enables rapid development of programs, such as transaction-based information systems. ABC - ABC Classification: A method of rating the importance of particular parts in the overall manufacturing process. Typically uses the 80-20 rule, that 20% of parts represent 80% of importance. BoM - Bill of Materials: the shorthand term for the list of components that make up an assembly. ERP - Enterprise Resource Planning: A development of MRPII that extends functionality and attempts to provide a framework for all business activity. FIFO - First In First Out: A costing standard that values current inventory on the basis that the first receipts coming into stock are consumed before later receipts. FTP - File Transfer Protocol: A standard protocol for moving files from one computer to another over the Internet. HTML - Hypertext Markup Language: The file format that an Internet world wide web browser recognises. LIFO - Last In First Out: A costing standard that values current inventory on the basis that the latest receipts coming into stock are consumed before earlier receipts. MPS - Master Production Schedule: The full list of demand on the production process - this forms the basis of demand for MRP. MRP - Material Requirement Planning: The computer process of matching supply with demand. It forecasts all inventory movements and makes recommendations for material re-supply and production. MRPII - Manufacturing Resource Planning: A description of a class of computer software system that enables closed-loop management principles to apply in manufacturing businesses. It incorporates integrated functionality for most aspects of the business. ODBC - Open Database Connectivity: A Microsoft system standard that enables a program to access live data from a database. PDF - Portable Document Format: Adobe's standard file format for universal document standard which enables cross-platform high quality presentation. Such files need Adobe Acrobat Reader to view them. RTF - Rich Text Format: A basic file format for text that includes font and formatting information universally acceptable to word processors. VAT - Value Added Tax: A sales tax system used throughout the world excluding the US where tax is charged on sales and paid on purchases and the difference between the two over a period is paid to the revenue authority. Sometimes known as GST. WIP - Work In Progress: The issued material to production and part completed production.