Business Glossary Name,Business Glossary Type,Industry,Description 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. Equipment Maintenance Management,Subdomain,Manufacturing,Maintaining equipment for reliability and longevity. Supply Chain Logistics,Subdomain,Manufacturing,Managing logistics in the manufacturing supply chain.