Planning and Scheduling Software Key Terms

Learn key terms used in planning and scheduling software

Planning and scheduling software can be very useful for businesses. If you plan meetings, promotions, advertising campaigns or any other work over a period of several weeks, months or even years, you'll want to use planning and scheduling software to keep track of your projects. Many of these programs allow you to plan these and other events step-by-step, keep track of your planning schedule, and keep in touch with everyone involved in the plan. Some of these software may use certain words or abbreviations that you will need to know in order to use them properly. Due to this, you'll want to make sure you learn planning and scheduling software key terms.

ERP

Enterprise Resource Planning (ERP) is used to combine several hardware and software components into a signal system. It allows you to simplify hardware and software you use for your business into a single entity.

HCM

Human Capital Management (HCM) is managing people, specifically a company's employees, in order for that company to grow, gain the competitive advantage and become a future leader. HCM allows you to keep track of your employees and what they're doing in order to maintain your staff.

MRP II

Manufacturing Resource Planning (MRP II) is combining employee's skills, computer resources and data base accuracy into a single unit for the purpose of planning. It allows you to use all of your resources to the best of their abilities, and in the best combination possible.

GRC

Governance, Risk and Compliance (GRC) allows you to identify and view any risks that may be coming your way at a central location so you can comply with them and make informed decisions regarding risks, costs and action plans.

Real-time communications

Real-time communications consist of voice over the Internet (VoIP), chat, Instant Messaging and other ways for two or more people to communicate with each other over the Internet live.

SMS

Short Message Service (SMS) is the technical name for text messaging. It's the technology that allows you to send and receive text messages over the Internet and mobile devices.

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