Business Glossary Name
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Currency | Business Term | Finance | Currency is used as a medium of exchange for goods and services. |
Diagnosis | Business Term | Healthcare | A diagnosis is the identification of the nature and cause of a certain phenomenon. |
Treatment Plan | Business Term | Healthcare | A treatment plan outlines the proposed medical care for a patient. |
Medical Record | Business Term | Healthcare | A medical record is a comprehensive document containing a patient's medical history. |
Patient Consent | Business Term | Healthcare | Patient consent refers to the process of getting permission before conducting healthcare interventions. |
Prescription | Business Term | Healthcare | A prescription is a formal instruction from a healthcare provider for medication. |
Inventory | Business Term | Retail | Inventory refers to the goods and materials a business holds for sale. |
Point of Sale | Business Term | Retail | Point of Sale (POS) is the time and place where a retail transaction is completed. |
Loyalty Program | Business Term | Retail | A loyalty program rewards repeat customers with points, discounts, or other incentives. |
Discount | Business Term | Retail | A discount is a reduction applied to the regular price of a product. |
Customer Feedback | Business Term | Retail | Customer feedback refers to the information provided by clients about their experience. |
Bandwidth | Business Term | Telecommunications | Bandwidth is the maximum rate of data transfer across a network path. |
Data Plan | Business Term | Telecommunications | A data plan is a subscription service that provides access to the internet. |
Network Coverage | Business Term | Telecommunications | Network coverage refers to the geographical area within which a network provides service. |
Subscriber Identity | Business Term | Telecommunications | Subscriber identity uniquely identifies a user within a telecom network. |
Roaming | Business Term | Telecommunications | Roaming allows a mobile phone user to use their service outside their home network. |
Supply Chain | Business Term | Manufacturing | Supply chain involves the entire process of producing and delivering a product. |
Quality Control | Business Term | Manufacturing | Quality control ensures that products meet defined quality criteria. |
Production Line | Business Term | Manufacturing | A production line is a set of sequential operations in a factory where materials are assembled. |
Raw Material | Business Term | Manufacturing | Raw material is the basic material used in the production process. |
Product Lifecycle | Business Term | Manufacturing | Product lifecycle refers to the stages a product goes through from conception to discontinuation. |
Interest Rate | Business Term | Finance | The interest rate is the percentage charged on the total amount you borrow or earn on savings. |
Credit Score | Business Term | Finance | A credit score is a numerical expression that evaluates a person's creditworthiness based on their credit history. |
Liquidity | Business Term | Finance | Liquidity refers to how easily an asset can be converted into cash without affecting its price. |
Portfolio | Business Term | Finance | A portfolio is a collection of financial investments like stocks, bonds, commodities, and cash equivalents. |
Asset Allocation | Business Term | Finance | Asset allocation is the strategy of dividing investments among various categories like stocks, bonds, and real estate. |
Conversion Rate | Metric | Retail | Conversion rate measures the proportion of visitors to a store that make a purchase |
Average units per transaction | Metric | Retail | Number of items sold on average in a single transaction. |
Year Over Year Growth | Metric | Retail | Measures the change in earnings from one year to the next. |
Customer Churn | Metric | Retail | Measures the number of customers who stop using a service in a given time period. |
Customer Retention | Metric | Retail | Customer retention is the ability of a business to keep its customers over time. |
Revenue by Product Line | Metric | Retail | Revenue by Product Line measures the revenue generated from products within a specific product line. |
Patient Readmission Rate | Metric | Healthcare | Patient Readmission Rate measures the frequency at which patients are readmitted after discharge. |
Average Treatment Cost | Metric | Healthcare | The average cost incurred for a specific treatment or procedure. |
Bed Occupancy Rate | Metric | Healthcare | Bed Occupancy Rate measures the utilization of hospital beds over a specific period. |
Patient Satisfaction Score | Metric | Healthcare | Measures patients' satisfaction based on feedback from hospital services. |
Surgical Success Rate | Metric | Healthcare | Surgical Success Rate measures the success of surgeries in achieving intended outcomes. |
Loan Default Rate | Metric | Finance | Loan Default Rate measures the occurrence of loan defaults within a specific period. |
Net Interest Margin | Metric | Finance | Measures the difference between interest income generated and the interest paid out to lenders. |
Customer Acquisition Cost | Metric | Finance | The cost associated with acquiring a new customer. |
Return on Assets (ROA) | Metric | Finance | Indicates how profitable a company is relative to its total assets. |
Expense Ratio | Metric | Finance | Expense Ratio measures the proportion of total assets used for administrative expenses. |
Average Revenue per User (ARPU) | Metric | Telecommunications | Measures the average revenue generated per user or unit. |
Network Downtime Rate | Metric | Telecommunications | Network Downtime Rate measures the duration the network is unavailable within a given period. |
Churn Rate | Metric | Telecommunications | Churn Rate measures the number of subscribers who leave the service over a specific period. |
Call Drop Rate | Metric | Telecommunications | Call Drop Rate measures the number of calls terminated unexpectedly due to network issues. |
Customer Lifetime Value (CLV) | Metric | Telecommunications | The total revenue a business expects from a customer over their lifetime. |
Production Yield | Metric | Manufacturing | The measure of products manufactured correctly and to specifications without rework. |
Downtime Rate | Metric | Manufacturing | Downtime Rate measures the duration production lines are not operational within a given period. |
Defect Rate | Metric | Manufacturing | Defect Rate measures the proportion of defective products produced during manufacturing. |
Inventory Turnover Ratio | Metric | Manufacturing | Measures how many times inventory is sold and replaced over a period. |
Equipment Utilization Rate | Metric | Manufacturing | The percentage of time equipment is in use compared to its availability. |
Supply Chain Management | Domain | Retail | Managing the flow of goods from suppliers to customers to optimize efficiency and reduce costs. |
Customer Relationship Management (CRM) | Domain | Retail | Using technology and strategies to analyze customer data to improve satisfaction and loyalty. |
Inventory Management | Domain | Retail | Overseeing the storage and distribution of inventory to ensure accurate stock levels. |
E-commerce Operations | Domain | Retail | Managing online retail operations, including website management and fulfillment processes. |
Retail Analytics | Domain | Retail | Analyzing retail data to identify trends, optimize operations, and drive sales growth. |
Hospital Administration | Domain | Healthcare | Managing hospital operations and services to ensure efficient healthcare delivery. |
Clinical Data Management | Domain | Healthcare | Collecting, cleaning, and managing clinical data to ensure data integrity. |
Electronic Health Records (EHR) | Domain | Healthcare | Digital systems used to store, manage, and access patient health information. |
Patient Care Coordination | Domain | Healthcare | Coordinating patient care activities across various services and healthcare providers. |
Medical Billing | Domain | Healthcare | Managing the billing process for healthcare services, ensuring accuracy and compliance. |
Investment Banking | Domain | Finance | Providing financial advisory services, mergers and acquisitions, and capital raising. |
Risk Management | Domain | Finance | Identifying and mitigating financial risks to protect assets and ensure stability. |
Wealth Management | Domain | Finance | Managing investments for individuals and institutions to grow wealth over time. |
Financial Compliance | Domain | Finance | Ensuring adherence to financial laws, regulations, and standards. |
Tax Advisory | Domain | Finance | Providing tax-related advice and planning services to optimize financial outcomes. |
Network Infrastructure | Domain | Telecommunications | Managing the hardware and software for network connectivity and communication. |
Customer Support Services | Domain | Telecommunications | Providing support to customers to resolve issues and improve service experiences. |
Data Transmission | Domain | Telecommunications | Transmitting data across networks efficiently and securely. |
Telecom Regulatory Compliance | Domain | Telecommunications | Ensuring compliance with telecom regulations and standards. |
Billing Systems | Domain | Telecommunications | Managing billing systems to accurately charge for telecom services. |
Production Planning | Domain | Manufacturing | Planning and controlling the production process for resource efficiency. |
Quality Assurance | Domain | Manufacturing | Ensuring products meet quality standards through systematic checks and processes. |
Logistics and Distribution | Domain | Manufacturing | Managing the movement and storage of goods from suppliers to customers. |
Lean Manufacturing | Domain | Manufacturing | Implementing lean practices to improve efficiency and reduce waste. |
Product Design and Development | Domain | Manufacturing | Designing and developing products from concept to market readiness. |
Supply Chain Analytics | Subdomain | Retail | Using data analysis tools to monitor and optimize supply chain performance. |
Inventory Optimization | Subdomain | Retail | Ensuring the right inventory levels to meet demand without overstocking. |
Digital Marketing | Subdomain | Retail | Promoting products through digital channels to engage customers. |
Customer Loyalty Programs | Subdomain | Retail | Retaining customers through reward programs and engagement strategies. |
Store Layout Optimization | Subdomain | Retail | Designing store layouts to enhance customer experience and sales. |
Pharmacy Management | Subdomain | Healthcare | Managing pharmacy operations to ensure compliance and accurate dispensing. |
Clinical Workflow Automation | Subdomain | Healthcare | Automating healthcare workflows to improve efficiency and patient care. |
Telemedicine Systems | Subdomain | Healthcare | Providing remote medical consultations through virtual platforms. |
Medical Imaging Management | Subdomain | Healthcare | Processing medical images for accurate diagnosis and treatment. |
Patient Data Privacy Compliance | Subdomain | Healthcare | Ensuring patient data complies with privacy laws and regulations. |
Financial Forecasting | Subdomain | Finance | Predicting financial trends based on historical data and analysis. |
Fraud Detection | Subdomain | Finance | Identifying and preventing fraudulent financial activities. |
Credit Risk Assessment | Subdomain | Finance | Assessing creditworthiness to mitigate financial risks. |
Investment Portfolio Management | Subdomain | Finance | Managing investments to achieve financial goals. |
Regulatory Compliance Monitoring | Subdomain | Finance | Monitoring compliance with financial regulations and standards. |
Network Security | Subdomain | Telecommunications | Protecting telecom networks from unauthorized access and threats. |
Billing System Optimization | Subdomain | Telecommunications | Improving telecom billing processes for accuracy and satisfaction. |
Call Center Management | Subdomain | Telecommunications | Managing call centers for efficient customer support. |
5G Infrastructure Deployment | Subdomain | Telecommunications | Deploying infrastructure to support 5G networks. |
Data Transmission Optimization | Subdomain | Telecommunications | Optimizing data transmission efficiency in telecom networks. |
Production Scheduling | Subdomain | Manufacturing | Controlling production schedules to maximize efficiency. |
Quality Assurance Processes | Subdomain | Manufacturing | Implementing quality checks to meet product standards. |
Lean Manufacturing Implementation | Subdomain | Manufacturing | Applying lean principles to reduce waste in manufacturing. |