Glossary of Terms
A
Agile Approach
The philosophy and methods of Agile used to prioritize flexibility; collaboration; and adaptability in product development.
Synonyms: Agile Methodology; Agile Framework; Agile Process; Agile Development
Agile Development
A form of project development where requirements and solutions evolve through collaborative effort and iterations; emphasizing rapid delivery.
Synonyms: Agile Methodology; Agile Framework; Agile Process; Agile Approach
Agile Framework
The structural approach to implementing Agile practices; focusing on iterative work cycles; flexibility; and team collaboration.
Synonyms: Agile Methodology; Agile Process; Agile Development; Agile Approach
Agile Methodology
A project management approach emphasizing flexibility; iterative development; and continuous feedback to deliver projects incrementally and adapt to changing requirements.
Synonyms: Agile Framework; Agile Process; Agile Development; Agile Approach
Agile Process
The iterative steps involved in implementing Agile principles to manage product development or project delivery.
Synonyms: Agile Methodology; Agile Framework; Agile Development; Agile Approach
AI in Manufacturing
The use of artificial intelligence to optimize production processes and improve efficiency in manufacturing.
Synonyms: Artificial Intelligence in Production; Smart Manufacturing; AI-Driven Manufacturing
AI-Driven Manufacturing
Manufacturing processes that leverage artificial intelligence to optimize; automate; and innovate production methods.
Synonyms: AI in Manufacturing; Smart Manufacturing; Machine Learning in Manufacturing
Artificial Intelligence in Production
The use of AI technologies to automate; improve; and innovate in the manufacturing process.
Synonyms: AI in Manufacturing; Smart Manufacturing; Machine Learning in Manufacturing
Authorized Refurbished
Products refurbished by an entity authorized by the manufacturer to ensure they meet original quality and functionality standards.
Synonyms: Certified Refurbished; Certified Reconditioned; Factory Refurbished; Verified Refurbished
Automated Systems
Systems or processes that are controlled by technology; often reducing the need for human labor.
Synonyms: Automation; Robotics; Mechanization
Automatic Control
The system of managing and controlling machines or processes automatically without human intervention.
Synonyms: Automation; Mechanization; Automated Systems
Automation
The use of technology to perform tasks with minimal human intervention; improving efficiency and accuracy.
Synonyms: Robotics; Mechanization; Automatic Control; Automated Systems
B
Backward Logistics
The flow of goods and materials in the opposite direction; typically from the customer back to the manufacturer for return or recycling.
Synonyms: Reverse Logistics; Return Logistics; Reverse Supply Chain; Return Flow Management
Block Design
A design approach in which products are built using standardized units or blocks that can be easily assembled or modified.
Synonyms: Modular Design; Component Design; Segmental Design; Modular Architecture
Brand Differentiation
The process of distinguishing a brand from its competitors through unique attributes; values; or services.
Synonyms: Brand Distinction; Brand Uniqueness; Brand Positioning; Brand Identity
Brand Distinction
Creating a clear separation between a brand and its competitors through unique characteristics or offerings.
Synonyms: Brand Differentiation; Brand Uniqueness; Brand Positioning; Brand Identity
Brand Identity
The visible elements of a brand; such as logo; design; and messaging; that distinguish it from competitors and convey its values and mission.
Synonyms: Brand Differentiation; Brand Distinction; Brand Uniqueness; Brand Positioning
Brand Positioning
The strategy of placing a brand in the minds of consumers in a way that highlights its unique values; qualities; or attributes compared to competitors.
Synonyms: Brand Differentiation; Brand Distinction; Brand Uniqueness; Brand Identity
Brand Uniqueness
The quality of being one-of-a-kind in the marketplace; offering products or services that stand out from competitors.
Synonyms: Brand Differentiation; Brand Distinction; Brand Positioning; Brand Identity
Business Ethics
The moral principles that guide how a business operates; particularly in relation to fair trade; corporate responsibility; and legal compliance.
Synonyms: Corporate Responsibility; Corporate Governance; Ethical Business Practices; Corporate Morality
Buyer Rights
The legal protections afforded to individuals or organizations that purchase goods or services.
Synonyms: Consumer Rights; Customer Rights; Consumer Protections; Consumer Entitlements
C
Certified Reconditioned
Devices that have been repaired; cleaned; and tested to meet specific manufacturer-approved standards for resale.
Synonyms: Certified Refurbished; Authorized Refurbished; Factory Refurbished; Verified Refurbished
Certified Refurbished
Products that have been restored to working condition by the manufacturer or authorized sellers; meeting specific quality standards.
Synonyms: Authorized Refurbished; Certified Reconditioned; Factory Refurbished; Verified Refurbished
Circular Business Model
A business strategy focused on reducing waste by designing products that can be reused; repaired; or recycled; contributing to a circular economy.
Synonyms: Circular Economy Model; Closed-Loop Business Model; Sustainable Business Model; Zero-Waste Business Model
Circular Economy
An economic model focused on eliminating waste through the continual use of resources by recycling; reusing; and repairing products.
Synonyms: Closed-Loop Economy; Sustainable Economy; Resource Circularity; Circular Business Model
Closed-Loop Economy
An economic system in which products are reused or recycled in a way that creates minimal waste; effectively keeping materials in use indefinitely.
Synonyms: Circular Economy; Zero-Waste Economy; Resource Reuse; Sustainable Economy
Collaborative Working
The practice of teams working together; often across different functions or departments; to achieve shared business goals.
Synonyms: Interdepartmental Collaboration; Cross-Team Collaboration; Multidisciplinary Collaboration
Collection Programs
Systems set up to collect used products or materials from consumers for recycling; reuse; or disposal.
Synonyms: Take-Back Schemes; Product Return Programs; Take-Back Programs; Recycling Take-Back
Compliance Architecture
The overarching design of policies; procedures; and structures within an organization that ensures legal and regulatory compliance.
Synonyms: Compliance Framework; Regulatory Framework; Compliance Structure; Legal Framework
Compliance Framework
A structured system of processes and procedures that ensures an organization adheres to legal and regulatory standards.
Synonyms: Regulatory Framework; Compliance Structure; Compliance Architecture; Legal Framework
Compliance Regulations
Specific legal rules and guidelines that businesses must follow to remain in good standing with governing authorities.
Synonyms: Regulatory Compliance; Legal Compliance; Compliance Standards; Regulatory Adherence
Compliance Standards
A set of rules and guidelines that organizations must follow to ensure they meet regulatory requirements.
Synonyms: Regulatory Compliance; Legal Compliance; Regulatory Adherence; Compliance Regulations
Compliance Structure
The internal organization and processes a company implements to ensure it meets all regulatory and legal obligations.
Synonyms: Compliance Framework; Regulatory Framework; Compliance Architecture; Legal Framework
Component Design
The design of individual parts or units that can be combined to form a complete system; allowing flexibility in manufacturing and use.
Synonyms: Modular Design; Block Design; Segmental Design; Modular Architecture
Condition-Based Maintenance
Maintenance that is performed when a condition threshold is met; using sensors and data to guide timing.
Synonyms: Predictive Maintenance; Proactive Maintenance; Maintenance Forecasting
Consumer Activation
The process of motivating consumers to engage with products or services by providing them with relevant information; tools; and incentives.
Synonyms: Empowering Consumers; Consumer Empowerment; Customer Empowerment; Consumer Enablement
Consumer Electronics
Electronic devices designed for everyday use by individuals; such as smartphones; laptops; and home appliances.
Synonyms: Home Electronics; Personal Electronics; Consumer Tech; Electronic Devices
Consumer Empowerment
The act of equipping consumers with the tools and information they need to take control of their choices and advocate for their rights.
Synonyms: Empowering Consumers; Customer Empowerment; Consumer Enablement; Consumer Activation
Consumer Enablement
Facilitating the process by which consumers are able to act on the information and options provided to them; enhancing their purchasing power.
Synonyms: Empowering Consumers; Consumer Empowerment; Customer Empowerment; Consumer Activation
Consumer Entitlements
The rights and benefits that consumers are legally or ethically entitled to when engaging in commerce.
Synonyms: Consumer Rights; Customer Rights; Buyer Rights; Consumer Protections
Consumer Protections
Safeguards and regulations in place to ensure consumers are not exploited or harmed by businesses.
Synonyms: Consumer Rights; Customer Rights; Buyer Rights; Consumer Entitlements
Consumer Repairability
Refers to how easy or difficult it is for consumers to repair a product on their own.
Synonyms: Repair Rights; Right to Repair
Consumer Rights
The legal entitlements and protections granted to consumers when purchasing goods and services.
Synonyms: Customer Rights; Buyer Rights; Consumer Protections; Consumer Entitlements
Consumer Tech
Technology products designed for personal or household use; including gadgets and devices that enhance lifestyle and productivity.
Synonyms: Consumer Electronics; Home Electronics; Personal Electronics; Electronic Devices
Corporate Accountability
A company's responsibility to be answerable to stakeholders for its actions; especially concerning legal; environmental; and social responsibilities.
Synonyms: Corporate Responsibility; CSR; Business Accountability; Corporate Governance
Corporate Citizenship
A company’s role in the community and its efforts to make a positive social; environmental; and economic impact.
Synonyms: Corporate Responsibility; CSR; Business Citizenship; Corporate Stewardship
Corporate Eco-Responsibility
The commitment of a corporation to operate in an environmentally responsible manner; minimizing ecological impact and promoting sustainability.
Synonyms: Corporate Sustainability; Corporate Environmentalism; Corporate Green Initiatives; Sustainable Business Practices
Corporate Environmentalism
The integration of environmental considerations into corporate strategies; emphasizing the reduction of the company’s ecological footprint.
Synonyms: Corporate Sustainability; Corporate Green Initiatives; Corporate Eco-Responsibility; Sustainable Business Practices
Corporate Green Initiatives
Company-driven programs and actions aimed at reducing environmental harm and promoting sustainability in business operations.
Synonyms: Corporate Sustainability; Corporate Environmentalism; Corporate Eco-Responsibility; Sustainable Business Practices
Corporate Responsibility
The obligation of companies to act ethically and responsibly toward society; employees; and the environment.
Synonyms: CSR; Corporate Accountability; Business Ethics; Corporate Citizenship
Corporate Sustainability
A business approach focusing on long-term environmental; social; and economic impacts; aiming for responsible business operations that promote sustainability.
Synonyms: Corporate Environmentalism; Corporate Green Initiatives; Corporate Eco-Responsibility; Sustainable Business Practices
Corporate Sustainability Metrics
Measurements and indicators used by companies to assess and report on their performance in terms of environmental; social; and governance (ESG) criteria.
Synonyms: Sustainability Reporting; ESG Reporting; ESG Criteria; Triple Bottom Line
Counterfeit Products
Fake or unauthorized replicas of genuine products; often sold illegally or with the intent to deceive consumers.
Synonyms: Fake Products; Imitation Products; Knockoff Products; Forged Goods
Cross-Functional Collaboration
The practice of bringing together teams from different departments to work on shared goals; ensuring diverse expertise and perspective in product development or problem-solving.
Synonyms: Interdepartmental Collaboration; Cross-Team Collaboration; Multidisciplinary Collaboration; Collaborative Working
Cross-Team Collaboration
A coordinated effort between various teams within a company to work toward common objectives; enhancing innovation and problem-solving.
Synonyms: Interdepartmental Collaboration; Multidisciplinary Collaboration; Collaborative Working
CSR (Corporate Social Responsibility)
A business practice that involves participating in initiatives that benefit society; such as environmental protection; community involvement; and ethical labor practices.
Synonyms: Corporate Responsibility; Corporate Accountability; Business Ethics; Social Responsibility
Customer Empowerment
Giving customers the authority and resources to make independent decisions and take action in their purchasing behavior.
Synonyms: Empowering Consumers; Consumer Empowerment; Consumer Enablement; Consumer Activation
Customer Rights
The rights and protections that customers have in transactions; ensuring fair treatment and product satisfaction.
Synonyms: Consumer Rights; Buyer Rights; Consumer Protections; Consumer Entitlements
D
Development Blueprint
A detailed plan outlining the technical and design aspects needed to build and develop a product; often serving as a guide for the development team.
Synonyms: Product Vision; Product Planning; Product Roadmap; Innovation Strategy
Device Engineering
Design and development of physical devices; especially those that perform a particular function.
Synonyms: Hardware Design; Mechanical Design; Equipment Design
Digital Marketplaces
Online platforms where multiple vendors sell products or services to consumers via digital channels.
Synonyms: Online Marketplaces; E-Commerce Platforms; Virtual Marketplaces; Internet Marketplaces
Digital Product Identity
A digital profile of a product that includes information about its origin; materials; and lifecycle for greater transparency and sustainability.
Synonyms: Digital Product Passport; Electronic Product Passport; Product Data Passport; Digital Product Record
Digital Product Passport
A digital record that provides detailed information about a product’s sustainability; materials; repairability; and lifecycle for consumers and regulatory authorities.
Synonyms: Electronic Product Passport; Product Data Passport; Digital Product Identity; Digital Product Record
Digital Product Record
A digital log of product-specific details such as materials; recyclability; and environmental impact; intended to support sustainability efforts.
Synonyms: Digital Product Passport; Electronic Product Passport; Product Data Passport; Digital Product Identity
Distribution Chain
The sequence of processes involved in distributing goods from manufacturers to the final consumer.
Synonyms: Supply Chain; Logistics Network; Procurement Network; Value Chain
DIY Repair
The practice of repairing or maintaining devices; equipment; or products by oneself without professional assistance.
Synonyms: Do-It-Yourself Repair; Self-Repair; Home Repair; Personal Repair
Do-It-Yourself Repair
The process of fixing products independently using tools and resources without needing professional services.
Synonyms: DIY Repair; Self-Repair; Home Repair; Personal Repair
Durability
The ability of a product to remain functional and withstand wear or damage over time.
Synonyms: Toughness; Longevity; Resilience; Robustness
E
E-Commerce Platforms
Online systems that allow businesses and individuals to conduct commercial transactions electronically.
Synonyms: Online Marketplaces; Digital Marketplaces; Virtual Marketplaces; Internet Marketplaces
E-Scrap
Discarded electronics that can potentially be recycled or repurposed but may also contribute to environmental pollution if improperly disposed of.
Synonyms: E-Waste; Electronic Waste; Tech Waste; Electronic Discards
E-Waste
Discarded electronic devices and components that are no longer in use; contributing to environmental waste.
Synonyms: Electronic Waste; Tech Waste; E-Scrap; Electronic Discards
Eco Impact
The degree to which a product or activity affects the environment; typically in terms of pollution; resource depletion; and carbon emissions.
Synonyms: Environmental Impact; Ecological Footprint; Environmental Effects; Environmental Consequences
Eco-Claims
Declarations by companies regarding the environmental benefits of their products; such as reduced waste or energy efficiency.
Synonyms: Green Claims; Environmental Claims; Sustainability Claims; Green Marketing
Eco-Conscious Materials
Materials selected or produced with environmental impact in mind; often prioritizing sustainability and minimal ecological harm.
Synonyms: Eco-Friendly Materials; Green Materials; Sustainable Materials; Environmental Materials
Eco-Design
The design of products with environmental impact in mind; focusing on sustainability; resource efficiency; and recyclability throughout the product's lifecycle.
Synonyms: Sustainable Design; Green Design; Environmental Design; Ecological Design
Eco-Friendliness
The practice of causing minimal harm to the environment; particularly in the production or use of products.
Synonyms: Sustainability; Green Practices; Environmental Stewardship
Eco-Friendly Fashion
Clothing and accessories produced with minimal environmental impact; often made from sustainable materials and processes.
Synonyms: Sustainable Fashion; Green Fashion; Ethical Fashion; Slow Fashion
Eco-Friendly Materials
Materials that have a low impact on the environment throughout their lifecycle; from production to disposal.
Synonyms: Sustainable Materials; Green Materials; Environmental Materials; Eco-Conscious Materials
Eco-Friendly Production
Production methods that have a minimal negative impact on the environment; often involving sustainable materials and energy-efficient processes.
Synonyms: Green Manufacturing; Sustainable Manufacturing; Green Production; Environmental Manufacturing
Ecological Design
The practice of designing products with the environment in mind; focusing on minimizing resource consumption and reducing waste.
Synonyms: Eco-Design; Sustainable Design; Green Design; Environmental Design
Ecological Footprint
A measure of the demand a company or individual places on Earth's resources; considering factors like land use; water consumption; and carbon emissions.
Synonyms: Environmental Footprint; Resource Footprint; Sustainability Footprint; Environmental Impact
Efficient Manufacturing
Manufacturing processes that focus on minimizing waste; optimizing resources; and improving productivity.
Synonyms: Lean Manufacturing; Lean Production; Lean Systems; Lean Operations
Electronic Devices
Any device powered by electricity that performs specific functions; including consumer electronics; appliances; and personal tech gadgets.
Synonyms: Consumer Electronics; Home Electronics; Personal Electronics; Consumer Tech
Electronic Discards
Discarded or no longer usable electronic devices and components; often contributing to environmental waste.
Synonyms: E-Waste; Tech Waste; Electronic Waste; E-Scrap
Electronic Product Passport
A digital tool that tracks a product’s environmental impact and components to aid in recycling; repair; and sustainability efforts.
Synonyms: Digital Product Passport; Product Data Passport; Digital Product Identity; Digital Product Record
Electronic Waste
Any electronic device or part that is discarded or no longer in use; often harmful to the environment if not properly recycled.
Synonyms: E-Waste; Tech Waste; E-Scrap; Electronic Discards
Empowering Consumers
The process of providing consumers with the knowledge; resources; and rights necessary to make informed decisions about products and services.
Synonyms: Consumer Empowerment; Customer Empowerment; Consumer Enablement; Consumer Activation
Environmental Claims
Statements that highlight a product’s positive impact on the environment; such as being eco-friendly or reducing carbon emissions.
Synonyms: Green Claims; Eco-Claims; Sustainability Claims; Green Marketing
Environmental Consequences
The resulting effects on the environment from specific activities or processes; including pollution; deforestation; and loss of biodiversity.
Synonyms: Environmental Impact; Ecological Effects; Ecological Outcomes; Eco Impact
Environmental Design
A design philosophy that integrates environmental considerations into the creation of products or systems to minimize their ecological footprint.
Synonyms: Eco-Design; Sustainable Design; Green Design; Ecological Design
Environmental Effects
The outcomes or changes caused by environmental factors or human activities that impact ecosystems; habitats; and resources.
Synonyms: Environmental Impact; Eco Impact; Ecological Footprint; Environmental Consequences
Environmental Impact
The effect that a company's activities or products have on the environment; including resource depletion; pollution; and waste.
Synonyms: Ecological Footprint; Environmental Consequences; Eco Impact; Environmental Effects
Environmental Manufacturing
The practice of producing goods while minimizing environmental impact through efficient use of resources and energy; and reducing waste.
Synonyms: Green Manufacturing; Sustainable Manufacturing; Eco-Friendly Production; Green Production
Environmental Materials
Materials designed to minimize harm to the environment; often sourced from renewable resources or produced with eco-friendly methods.
Synonyms: Green Materials; Eco-Friendly Materials; Sustainable Materials; Eco-Conscious Materials
Environmental Stewardship
The responsible management and care for the environment through conservation and sustainable practices.
Synonyms: Sustainability; Green Practices; Environmental Responsibility
Equipment Design
The process of creating machinery; tools; or devices for specific functions in various industries.
Synonyms: Hardware Design; Device Engineering; Mechanical Design
ESG (Environmental; Social; and Governance)
A framework used by companies to measure and report their environmental; social; and governance impacts and risks; informing investors and stakeholders.
Synonyms: Sustainability Reporting; Corporate Sustainability Metrics; ESG Criteria; Triple Bottom Line
ESG Criteria
The standards used to evaluate a company’s performance in environmental protection; social responsibility; and corporate governance.
Synonyms: Sustainability Reporting; Corporate Sustainability Metrics; ESG Reporting; Triple Bottom Line
Ethical Fashion
Definition: Fashion that emphasizes fair labor practices; humane working conditions; and sustainable production methods.
Synonyms: Sustainable Fashion; Eco-Friendly Fashion; Green Fashion; Slow Fashion
EU Directives
Legal acts issued by the European Union that member states must incorporate into national law.
Synonyms: EU Legislation; European Union Laws; EU Regulations; European Legislation
EU Legislation
The laws and directives passed by the European Union that member states must follow.
Synonyms: European Union Laws; EU Directives; EU Regulations; European Legislation
EU Regulations
Binding legislative acts of the European Union that must be applied in their entirety across all member states.
Synonyms: EU Legislation; European Union Laws; EU Directives; European Legislation
European Legislation
The collection of laws and regulations created by the European Union that govern member states.
Synonyms: EU Legislation; European Union Laws; EU Directives; EU Regulations
European Union Laws
The body of laws and directives created and enforced by the European Union for its member states.
Synonyms: EU Legislation; EU Directives; EU Regulations; European Legislation
F
Factory Refurbished
Products that have been returned to the manufacturer; repaired or restored; and then sold as refurbished.
Synonyms: Certified Refurbished; Authorized Refurbished; Certified Reconditioned; Verified Refurbished
Fake Products
Items that are intentionally produced to look like genuine products but are of inferior quality or unauthorized.
Synonyms: Counterfeit Products; Imitation Products; Knockoff Products; Forged Goods
Financial Communications
The exchange of financial information and performance updates between a company and its investors or stakeholders.
Synonyms: Investor Relations; Shareholder Relations; Investor Communications; Stakeholder Relations
Fixability
The capability of a product to be fixed or repaired when broken or malfunctioning.
Synonyms: Repairability; Serviceability; Maintainability; Repair Potential
Forged Goods
Items that are illegally replicated and sold as authentic; often violating intellectual property laws.
Synonyms: Counterfeit Products; Fake Products; Imitation Products; Knockoff Products
G
Green Claims
Statements made by companies regarding the environmental benefits or sustainability of their products; often subject to verification and regulations.
Synonyms: Environmental Claims; Eco-Claims; Sustainability Claims; Green Marketing
Green Design
Design practices that prioritize environmental sustainability; using eco-friendly materials and reducing waste.
Synonyms: Eco-Design; Sustainable Design; Environmental Design; Ecological Design
Green Fashion
Apparel designed and produced in ways that reduce harm to the environment; focusing on sustainability and ethical production.
Synonyms: Sustainable Fashion; Eco-Friendly Fashion; Ethical Fashion; Slow Fashion
Green Manufacturing
The creation of products using processes that minimize environmental harm; reduce waste; and conserve energy and natural resources.
Synonyms: Sustainable Manufacturing; Eco-Friendly Production; Environmental Manufacturing; Green Production
Green Marketing
Marketing efforts focused on promoting a product’s environmental benefits and sustainable attributes to appeal to eco-conscious consumers.
Synonyms: Green Claims; Environmental Claims; Eco-Claims; Sustainability Claims
Green Materials
Materials that are sustainable; renewable; or recyclable and reduce environmental impact compared to traditional materials.
Synonyms: Sustainable Materials; Eco-Friendly Materials; Environmental Materials; Eco-Conscious Materials
Green Practices
Sustainable methods and actions that reduce environmental impact in business and manufacturing processes.
Synonyms: Sustainability; Eco-Friendliness; Environmental Stewardship
Green Production
The creation of products using processes that conserve resources; reduce waste; and minimize pollution.
Synonyms: Green Manufacturing; Sustainable Manufacturing; Eco-Friendly Production; Environmental Manufacturing
H
Hardware Design
The process of designing the physical components and systems of a hardware device.
Synonyms: Physical Design; Mechanical Design; Device Engineering; Equipment Design
Home Electronics
Electronic devices commonly found in homes; including entertainment systems; home appliances; and security devices.
Synonyms: Consumer Electronics; Personal Electronics; Consumer Tech; Electronic Devices
Home Repair
The act of fixing or maintaining household items and appliances by oneself rather than hiring professionals.
Synonyms: DIY Repair; Do-It-Yourself Repair; Self-Repair; Personal Repair
I
Imitation Products
Products that mimic the design or appearance of original items but are not produced by the original manufacturer.
Synonyms: Counterfeit Products; Fake Products; Knockoff Products; Forged Goods
Innovation Process
A series of steps for designing and developing new products; services; or processes to meet market needs.
Synonyms: Product Development; Product Design; R&D
Innovation Strategy
A plan for leveraging new ideas; technology; and processes to develop or improve products; aiming for market differentiation and long-term growth.
Synonyms: Product Vision; Product Planning; Product Roadmap; Development Blueprint
Interdepartmental Collaboration
The cooperation between different departments within an organization to achieve shared goals; ensuring diverse skills and perspectives contribute to success.
Synonyms: Cross-Team Collaboration; Multidisciplinary Collaboration; Collaborative Working
Internet Marketplaces
Platforms that allow the exchange of goods and services through websites or apps; accessible via the internet.
Synonyms: Online Marketplaces; E-Commerce Platforms; Digital Marketplaces; Virtual Marketplaces
Investor Communications
All forms of communication aimed at informing current and potential investors about a company’s financial health and business strategies.
Synonyms: Investor Relations; Shareholder Relations; Financial Communications; Stakeholder Relations
Investor Relations
The communication and relationship management between a company and its investors; providing transparency on financial performance; strategy; and governance.
Synonyms: Shareholder Relations; Financial Communications; Investor Communications; Stakeholder Relations
K
Knockoff Products
Unauthorized copies of branded products; typically sold at lower prices and often of lower quality.
Synonyms: Counterfeit Products; Fake Products; Imitation Products; Forged Goods
L
Lean Manufacturing
A production methodology focused on minimizing waste and maximizing efficiency while maintaining high product quality.
Synonyms: Lean Production; Lean Systems; Efficient Manufacturing; Lean Operations
Lean Operations
A set of practices aimed at improving operational efficiency and reducing waste across all areas of the business; especially in production.
Synonyms: Lean Manufacturing; Lean Production; Lean Systems; Efficient Manufacturing
Lean Production
The process of improving efficiency in manufacturing by reducing waste and optimizing workflows.
Synonyms: Lean Manufacturing; Lean Systems; Efficient Manufacturing; Lean Operations
Lean Systems
A systematic approach to improving production efficiency by eliminating waste; streamlining processes; and delivering value to customers.
Synonyms: Lean Manufacturing; Lean Production; Efficient Manufacturing; Lean Operations
Legal Compliance
The act of ensuring that a company follows all relevant laws and regulations.
Synonyms: Regulatory Compliance; Compliance Standards; Regulatory Adherence; Compliance Regulations
Legal Framework
The set of laws; regulations; and legal procedures that define the boundaries within which an organization operates.
Synonyms: Compliance Framework; Regulatory Framework; Compliance Structure; Compliance Architecture
Lifecycle Duration
The period from a product’s creation to the end of its useful life; including its production; use; and disposal phases.
Synonyms: Product Lifespan; Product Longevity; Product Lifecycle; Product Durability
Logistics Network
The system of transportation and storage that moves products from suppliers to consumers.
Synonyms: Supply Chain; Distribution Chain; Procurement Network; Value Chain
Longevity
The duration or length of time a product remains usable or operational.
Synonyms: Durability; Toughness; Resilience; Robustness
M
Machine Learning in Manufacturing
The use of machine learning algorithms to predict; optimize; and automate manufacturing processes.
Synonyms: AI in Manufacturing; Smart Manufacturing; Predictive Analytics for Manufacturing
Maintainability
The ease with which a product can be maintained over time to prevent failures and extend its lifecycle.
Synonyms: Repairability; Fixability; Serviceability; Repair Potential
Maintenance Forecasting
The process of predicting when equipment or machinery will need maintenance based on data trends; usage patterns; and historical performance.
Synonyms: Maintenance Prediction; Maintenance Planning; Maintenance Scheduling; Preventive Forecasting
Market Inspection
The process of examining and monitoring products; services; and practices in the marketplace to ensure compliance with regulations and standards.
Synonyms: Market Surveillance; Market Monitoring; Regulatory Surveillance; Market Oversight
Market Monitoring
The systematic observation and analysis of market activities to ensure compliance with legal and regulatory standards.
Synonyms: Market Surveillance; Market Oversight; Regulatory Surveillance; Market Inspection
Market Oversight
The supervision and regulation of market activities to ensure they are conducted in accordance with established laws and guidelines.
Synonyms: Market Surveillance; Market Monitoring; Regulatory Surveillance; Market Inspection
Market Surveillance
The continuous monitoring of markets to ensure that products comply with legal and regulatory requirements; ensuring consumer protection.
Synonyms: Market Monitoring; Market Oversight; Regulatory Surveillance; Market Inspection
Material Recovery
The process of reclaiming useful materials from products that have reached the end of their lifecycle.
Synonyms: Recyclability; Recycling Potential; Reusable; Recoverability
Material Recovery Services
Services aimed at extracting valuable materials from waste products for reuse or recycling; reducing the need for new raw materials.
Synonyms: Recycling Services; Recycling Programs; Waste Recycling; Reclamation Services
Mechanical Design
The engineering and creation of mechanical systems and parts in a hardware product.
Synonyms: Hardware Design; Physical Design; Device Engineering
Mechanization
The process of replacing manual labor with machines to perform tasks; particularly in industrial settings.
Synonyms: Automation; Robotics; Automatic Control
Modular Architecture
A structural or design system in which components are built separately and can be replaced or modified independently.
Synonyms: Modular Design; Component Design; Block Design; Segmental Design
Modular Design
A design approach that divides a system into smaller parts or modules that can be independently created; replaced; or upgraded.
Synonyms: Component Design; Block Design; Segmental Design; Modular Architecture
Multidisciplinary Collaboration
The integration of knowledge and expertise from different disciplines or fields to solve complex problems or achieve goals in product development or research.
Synonyms: Interdepartmental Collaboration; Cross-Team Collaboration; Collaborative Working
O
Online Marketplaces
Platforms that facilitate the buying and selling of goods and services through the internet; connecting buyers with multiple sellers.
Synonyms: E-Commerce Platforms; Digital Marketplaces; Virtual Marketplaces; Internet Marketplaces
P
Packaging Discards
Packaging materials that are thrown away or discarded after use; often ending up in landfills.
Synonyms: Packaging Waste; Packaging Refuse; Packaging Rubbish; Waste Packaging
Packaging Refuse
Unused or unwanted packaging materials that are discarded after use; often contributing to environmental waste.
Synonyms: Packaging Waste; Packaging Discards; Packaging Rubbish; Waste Packaging
Packaging Rubbish
Waste material from product packaging that is disposed of; often considered harmful to the environment.
Synonyms: Packaging Waste; Packaging Refuse; Packaging Discards; Waste Packaging
Packaging Waste
Discarded packaging materials that are no longer in use; contributing to environmental pollution if not properly managed.
Synonyms: Packaging Refuse; Packaging Discards; Packaging Rubbish; Waste Packaging
Personal Electronics
Portable electronic devices designed for individual use; such as smartphones; tablets; and wearable technology.
Synonyms: Consumer Electronics; Home Electronics; Consumer Tech; Electronic Devices
Personal Repair
Repairing personal devices or products independently; often using guides or available resources.
Synonyms: DIY Repair; Do-It-Yourself Repair; Self-Repair; Home Repair
Physical Design
The creation of a hardware product’s tangible aspects; including its form factor and materials.
Synonyms: Hardware Design; Mechanical Design; Device Engineering
Pre-Owned Market
A market for products that have been previously owned and used; typically including items like cars; electronics; and clothing.
Synonyms: Second-Hand Market; Used Goods Market; Resale Market; Secondhand Economy
Predictive Analytics for Maintenance
The use of data; statistical algorithms; and machine learning techniques to predict when equipment failures might occur and to proactively schedule maintenance.
Synonyms: Predictive Maintenance Analytics; Maintenance Data Forecasting; Predictive Maintenance Modeling
Predictive Maintenance
The use of data analytics and AI to predict when maintenance should be performed on machinery to prevent failures.
Synonyms: Proactive Maintenance; Condition-Based Maintenance; Maintenance Forecasting
Proactive Maintenance
Maintenance that is planned based on monitoring machinery performance and predicting future failures.
Synonyms: Predictive Maintenance; Preventive Maintenance; Condition-Based Maintenance
Procurement Network
The system of sourcing and acquiring raw materials; goods; or services for production and delivery to customers.
Synonyms: Supply Chain; Logistics Network; Distribution Chain; Value Chain
Product Creation
The process of bringing a product from an idea into a tangible item ready for sale.
Synonyms: Product Development; Product Design; Innovation Process
Product Data Passport
A digital record containing all relevant information about a product’s lifecycle; environmental footprint; and recyclability.
Synonyms: Digital Product Passport; Electronic Product Passport; Digital Product Identity; Digital Product Record
Product Design
The creation and development of a product's form; function; and features; from concept to reality.
Synonyms: Product Development; Physical Design; Innovation Process
Product Development
The entire process of designing; creating; and bringing a new product to market.
Synonyms: Product Design; Product Creation; Innovation Process; R&D
Product Durability
The ability of a product to withstand wear; pressure; or damage over time.
Synonyms: Toughness; Longevity; Resilience; Robustness
Product Inspection
The process of examining and testing products to ensure they comply with design and safety standards.
Synonyms: Quality Control; QC; Product Testing
Product Lifecycle
The stages a product goes through from development to disposal; including design; production; use; and end-of-life management.
Synonyms: Product Lifespan; Lifecycle Duration; Product Longevity; Product Durability
Product Lifespan
The total time a product is expected to remain functional before it becomes obsolete or unusable.
Synonyms: Product Durability; Product Longevity; Lifecycle Duration; Product Lifecycle
Product Longevity
The length of time a product is expected to last and maintain functionality.
Synonyms: Product Durability; Product Lifespan; Lifecycle Duration; Product Lifecycle
Product Planning
The process of defining product goals; target markets; and required resources to guide the product through its lifecycle.
Synonyms: Product Vision; Product Roadmap; Development Blueprint; Innovation Strategy
Product Return Programs
Initiatives allowing consumers to return used products for recycling; refurbishment; or disposal; typically run by manufacturers or retailers.
Synonyms: Take-Back Schemes; Collection Programs; Take-Back Programs; Recycling Take-Back
Product Roadmap
A visual representation of a product’s goals; features; and milestones; outlining the plan for product development over time.
Synonyms: Product Vision; Product Planning; Development Blueprint; Innovation Strategy
Product Vision & Development Strategy
A long-term plan that outlines the desired future state of a product and the steps needed to develop; launch; and grow it successfully.
Synonyms: Product Planning; Product Roadmap; Development Blueprint; Innovation Strategy
Q
QC (Quality Control)
The techniques used to inspect and test products to ensure they meet the required quality criteria.
Synonyms: Quality Control; Quality Assurance; Product Inspection
Quality Assurance
The activities designed to ensure that the product development and manufacturing processes meet quality standards.
Synonyms: Quality Control; QC; Product Inspection
Quality Control
A process that ensures products meet specified quality standards through testing and inspection.
Synonyms: Quality Assurance; QC; Product Inspection
Quality Management
The overall management approach to ensure the organization's products or services meet quality standards.
Synonyms: Quality Control; Quality Assurance; QC
R
R&D (Research and Development)
The investigative work companies undertake to innovate and introduce new products and services.
Synonyms: Innovation Process; Product Development; Product Creation
Reclamation Services
The process of recovering valuable materials from waste products or discarded goods to reuse or repurpose them.
Synonyms: Recycling Services; Recycling Programs; Waste Recycling; Material Recovery Services
Recoverability
The potential to recover value from a product or material at the end of its life; often through recycling or reprocessing.
Synonyms: Recyclability; Recycling Potential; Reusable; Material Recovery
Recyclability
The ability of a product or material to be processed and used again for the same or different purposes.
Synonyms: Recycling Potential; Reusable; Recoverability; Material Recovery
Recycling Potential
The extent to which a material or product can be recycled and reintroduced into the production cycle.
Synonyms: Recyclability; Reusable; Recoverability; Material Recovery
Recycling Programs
Organized initiatives designed to facilitate the collection and processing of recyclable materials; promoting environmental sustainability.
Synonyms: Recycling Services; Waste Recycling; Material Recovery Services; Reclamation Services
Recycling Services
Services provided to collect; process; and repurpose waste materials into new; usable products; often provided by municipal or private organizations.
Synonyms: Recycling Programs; Waste Recycling; Material Recovery Services; Reclamation Services
Recycling Take-Back
Programs that collect products from consumers for recycling; reducing waste; and recovering valuable materials.
Synonyms: Take-Back Schemes; Product Return Programs; Collection Programs; Take-Back Programs
Regulatory Adherence
Following and implementing all necessary regulations and laws within a business or industry.
Synonyms: Regulatory Compliance; Legal Compliance; Compliance Standards; Compliance Regulations
Regulatory Compliance
Adherence to laws; regulations; and guidelines relevant to an organization's operations.
Synonyms: Legal Compliance; Compliance Standards; Regulatory Adherence; Compliance Regulations
Regulatory Framework
The legal and organizational structures that outline how compliance with laws and regulations should be maintained.
Synonyms: Compliance Framework; Compliance Structure; Compliance Architecture; Legal Framework
Regulatory Surveillance
The active oversight of industries or markets by regulatory bodies to ensure adherence to laws and prevent non-compliance.
Synonyms: Market Surveillance; Market Monitoring; Market Oversight; Market Inspection
Repair Freedom
The concept that consumers should have unrestricted access to repair their own products without manufacturer limitations.
Synonyms: Right to Repair; Repair Rights
Repair Potential
The ability of a product to be restored to working order after failure or damage.
Synonyms: Repairability; Fixability; Serviceability; Maintainability
Repair Rights
The legal entitlement for individuals to repair their own devices or choose independent repair services.
Synonyms: Right to Repair; Consumer Repairability
Repairability
The ease with which a product can be repaired to restore its functionality.
Synonyms: Fixability; Serviceability; Maintainability; Repair Potential
Resale Market
A marketplace for selling and purchasing pre-owned goods; allowing for the reuse of items that are still functional or valuable.
Synonyms: Second-Hand Market; Used Goods Market; Pre-Owned Market; Secondhand Economy
Resilience
The capacity of a product or material to recover from damage or deformity and continue functioning.
Synonyms: Durability; Toughness; Longevity; Robustness
Resource Circularity
The practice of continually cycling resources back into production through reuse; recycling; or remanufacturing; minimizing waste.
Synonyms: Circular Economy; Closed-Loop System; Resource Reutilization; Waste-Free Economy
Return Flow Management
The process of efficiently handling the reverse flow of goods from consumers back to the point of origin for recycling; refurbishment; or disposal.
Synonyms: Reverse Logistics; Return Logistics; Reverse Supply Chain; Backward Logistics
Return Logistics
The management of returned products; including processes for recycling; disposal; and resale.
Synonyms: Reverse Logistics; Reverse Supply Chain; Backward Logistics; Return Flow Management
Reusable
The ability of a product or material to be used multiple times before disposal or recycling.
Synonyms: Recyclability; Recycling Potential; Recoverability; Material Recovery
Reverse Logistics
The process of moving goods from consumers back to manufacturers or retailers for return; recycling; or disposal.
Synonyms: Return Logistics; Reverse Supply Chain; Backward Logistics; Return Flow Management
Reverse Supply Chain
The sequence of activities involved in the return of goods from the end user to the supplier; often for repair; recycling; or disposal.
Synonyms: Reverse Logistics; Return Logistics; Backward Logistics; Return Flow Management
Right to Repair
The ability of consumers to repair their own products by having access to parts; tools; and information.
Synonyms: Repair Rights; Repair Freedom; Consumer Repairability
Robotics
The branch of technology dealing with the design; construction; and application of robots in various tasks.
Synonyms: Automation; Automated Systems; Mechanization
Robustness
The strength and reliability of a product to perform under various conditions without failure.
Synonyms: Durability; Toughness; Longevity; Resilience
S
Second-Hand Market
A market where used goods are sold and purchased; offering consumers affordable alternatives to new products.
Synonyms: Used Goods Market; Pre-Owned Market; Resale Market; Secondhand Economy
Secondhand Economy
The broader economic system encompassing the buying and selling of used goods; promoting reuse and sustainability.
Synonyms: Second-Hand Market; Used Goods Market; Pre-Owned Market; Resale Market
Segmental Design
The process of creating a system composed of individual; interchangeable segments or parts; often used for ease of assembly and repair.
Synonyms: Modular Design; Component Design; Block Design; Modular Architecture
Self-Repair
Repairing personal devices or products without the need for outside assistance; using available tools and instructions.
Synonyms: DIY Repair; Do-It-Yourself Repair; Home Repair; Personal Repair
Serviceability
The degree to which a product can be maintained or repaired to keep it in working condition.
Synonyms: Repairability; Fixability; Maintainability; Repair Potential
Shareholder Relations
The direct management of communication and engagement between a company and its shareholders to ensure transparency and alignment with investor interests.
Synonyms: Investor Relations; Financial Communications; Investor Communications; Stakeholder Relations
Slow Fashion
A movement in fashion that encourages mindful consumption; promoting quality over quantity; and extending the lifespan of garments.
Synonyms: Sustainable Fashion; Eco-Friendly Fashion; Green Fashion; Ethical Fashion
Smart Manufacturing
A connected; data-driven approach to manufacturing that leverages AI; IoT; and automation to optimize production.
Synonyms: AI in Manufacturing; Intelligent Manufacturing; AI-Driven Production
Stakeholder Relations
The management of a company's relationships with all parties who have an interest in the organization; including investors; employees; customers; and regulators.
Synonyms: Investor Relations; Shareholder Relations; Investor Communications; Financial Communications
Supply Chain
The network of organizations; people; activities; and resources involved in moving a product from suppliers to customers.
Synonyms: Logistics Network; Distribution Chain; Procurement Network; Value Chain.
Sustainability
Meeting the needs of the present without compromising future generations' ability to meet theirs.
Synonyms: Environmental Stewardship; Eco-Friendliness; Green Practices; Sustainable Development
Sustainability Claims
Statements made by companies to highlight the sustainability or environmental friendliness of their products or processes.
Synonyms: Green Claims; Environmental Claims; Eco-Claims; Green Marketing
Sustainability Reporting
The process of disclosing a company’s environmental; social; and governance (ESG) performance to stakeholders; typically through annual or quarterly reports.
Synonyms: ESG Reporting; Corporate Sustainability Metrics; ESG Criteria; Triple Bottom Line
Sustainable Business Practices
Practices adopted by businesses to minimize their environmental impact while maintaining economic viability and social responsibility.
Synonyms: Corporate Sustainability; Corporate Environmentalism; Corporate Green Initiatives; Corporate Eco-Responsibility
Sustainable Design
The creation of products and services that reduce environmental impacts by using sustainable materials and minimizing waste.
Synonyms: Eco-Design; Green Design; Environmental Design; Ecological Design
Sustainable Development
Development that meets current needs while ensuring that resources are available for future generations.
Synonyms: Sustainability; Green Growth; Environmental Responsibility
Sustainable Economy
An economy that balances economic growth with environmental protection and resource conservation; focusing on long-term sustainability.
Synonyms: Green Economy; Circular Economy; Eco-Economy; Low-Carbon Economy
Sustainable Fashion
Fashion products and practices that are environmentally friendly; considering resource use; production; and the lifecycle of the garment.
Synonyms: Eco-Friendly Fashion; Green Fashion; Ethical Fashion; Slow Fashion
Sustainable Manufacturing
The process of producing goods using resources in a way that does not deplete them and reduces environmental impact.
Synonyms: Green Manufacturing; Eco-Friendly Production; Environmentally Sustainable Manufacturing; Green Production
Sustainable Materials
Materials sourced and processed in a way that reduces environmental impact; typically renewable or recyclable.
Synonyms: Eco-Friendly Materials; Green Materials; Environmental Materials; Eco-Conscious Materials
T
Take-Back Programs
Programs that encourage consumers to return unwanted products to manufacturers or retailers for proper disposal; recycling; or reuse.
Synonyms: Take-Back Schemes; Product Return Programs; Collection Programs; Recycling Take-Back
Take-Back Schemes
Programs designed to allow consumers to return used products to manufacturers or retailers for recycling; refurbishment; or safe disposal.
Synonyms: Product Return Programs; Collection Programs; Take-Back Programs; Recycling Take-Back
Tech Waste
Unwanted or discarded technology devices; including computers; phones; and other electronics.
Synonyms: E-Waste; Electronic Waste; E-Scrap; Electronic Discards
Toughness
The strength and ability of a material or product to withstand physical force or stress without breaking.
Synonyms: Durability; Longevity; Resilience; Robustness
Triple Bottom Line
A framework that evaluates a company's social; environmental; and financial performance; often referred to as "people; planet; and profit."
Synonyms: ESG Reporting; Corporate Sustainability Metrics; ESG Criteria; Sustainability Reporting
U
Used Goods Market
A marketplace where previously owned products are sold; often at lower prices than new goods.
Synonyms: Second-Hand Market; Pre-Owned Market; Resale Market; Secondhand Economy
V
Value Chain
The full range of activities that businesses go through to bring a product or service to the market; from design to delivery.
Synonyms: Supply Chain; Logistics Network; Distribution Chain; Procurement Network
Verified Refurbished
Refurbished products that have undergone verification processes by manufacturers or third-party certifiers to ensure quality and functionality.
Synonyms: Certified Refurbished; Authorized Refurbished; Certified Reconditioned; Factory Refurbished
Virtual Marketplaces
Online spaces where goods and services are exchanged digitally without the need for physical stores.
Synonyms: Online Marketplaces; E-Commerce Platforms; Digital Marketplaces; Internet Marketplaces
W
Waste Packaging
Packaging materials that are no longer useful and are discarded; contributing to environmental waste.
Synonyms: Packaging Waste; Packaging Refuse; Packaging Discards; Packaging Rubbish
Waste Recycling
The process of converting waste materials into reusable products or raw materials to reduce environmental impact.
Synonyms: Recycling Services; Recycling Programs; Material Recovery Services; Reclamation Services
