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Supply Chain and Operations Management Glossary (O)

OEM (Original Equipment Manufacturer): A manufacturer is an OEM if its product is used a component in the product of some other manufacturer. OLAP (OnLine Analytical Processing): A general term for database queries were some analytical calculations are performed in addition to the data retrieval. For example, computing total sales by time period, or by geographic region, or by product class might be considered a simple form of OLAP. OLTP (On Line Transaction Processing): The processing of simple queries or lookups against a typically large database. The On-line part means there is an emphasis on short response time, such as when a customer…

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