Glossary of IT terms

Glossary of IT terms

Here at Spectrumwise, we know that you appreciate the immense business value of technology. But we also realize that complicated tech jargon can be a barrier to taking your business to the next level. That’s why we’ve put together a useful glossary of the cutting-edge solutions we offer and some IT terms to help you wisely chart the future of your business.

What are the business benefits of material requirement planning?

What are the business benefits of material requirement planning?

Any manufacturer will tell you that getting materials on time is crucial within the supply chain. Missed delivery schedules for materials or incorrect amount of supplies could mean expensive disasters for production. To keep production on schedule and to ensure materials availability, manufacturers have developed a management approach called materials requirement planning (MRP).

Also known as a production planning and inventory management system, MRP is a demand-driven planning and scheduling system for ordering materials at the right time.

What have we learned from 2018’s chaotic cybersecurity tableau?

What have we learned from 2018’s chaotic cybersecurity tableau?

In a famous painting by French Post-Impressionist painter Paul Gauguin, he asked, “Where do we come from? What are we? Where are we going?” These three questions have always been relevant to us living in the modern world. For businesses in this digital and data-driven economy, these are the most pressing questions for cybersecurity, as cyberattacks such as ransomware, phishing, and data breaches have become a significant threat to businesses and individuals.