Acronyms
Sales, Marketing, and Technology Acronyms and Abbreviations. Jump to acronyms beginning with the number or letter:
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BOM
A structured list of raw materials, components, assemblies, and subassemblies required to manufacture a product. It serves as a blueprint for production, detailing quantities, relationships, and dependencies among parts. BOMs can be single-level, listing only the immediate components of a…
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Boomers
While not an acronym, Baby Boomers were born between 1946 and 1964 and grew up during the post-World War II era. They experienced significant cultural and societal changes, such as the Civil Rights Movement and the Vietnam War. Boomers are…
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BOPIS
A retail strategy that allows customers to purchase products online and then collect their orders from a physical store location. This omnichannel approach has become increasingly popular in recent years, offering numerous benefits to retailers and consumers. For retailers, BOPIS…
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BORIS
A retail strategy that allows customers to purchase products through an online platform and return them at a physical store location. This model is a key component of omnichannel retail, designed to enhance customer convenience while reducing friction in the…
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Bot
Bot is just the short form of robot. The most common meanings for bot are: Robot: Automated software applications or scripts that perform tasks over the internet. These tasks, such as indexing web content for search engines, automating interactions in…
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BPA
BPA refers to the use of technology to streamline and automate complex business processes, workflows, or tasks to improve efficiency, reduce costs, enhance productivity, and ensure consistency. BPA replaces manual intervention with automated systems, enabling businesses to allocate resources more…
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BPE
A data compression technique has been adapted for use in natural language processing (NLP), particularly in training machine learning models for tasks such as machine translation (MT), text summarization, and language modeling. BPE addresses a common challenge in NLP: handling…
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BPO
The practice of contracting specific business processes or operations to a third-party service provider. BPO companies take over various non-core business functions, such as customer support, data entry, human resources, accounting, etc. By outsourcing these processes, companies can focus on…
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BR
Bounce rate is a key performance indicator (KPI) in web analytics that measures the percentage of visitors who leave a website after viewing only one page. It is calculated using the following formula: Bounce rate is considered a critical KPI…
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BS
A set of formal specifications or guidelines designed to ensure that products, services, or systems meet specific criteria for quality, safety, and efficiency. British Standards are developed and published by the British Standards Institution (BSI), which is the UK’s National…
