The field of product configuration has many tricky words and abbreviations that is hard to guess the meaning of. Especially when the whole chain from client to manufacturing is digitized and automated. Therefore we have created a short dictionary with some of the words we encounter on a daily basis.
API – Application Programming Interface
Interface available between software and cloud services for data exchange and interaction
ATO – Assembled To Order
CPQ – Configure Price Quote
CTO – Configure To Order
ETO – Engineered To Order
4IR – Fourth Industrial Revolution
Synonym for Product Configuration
On demand manufacturing of configured and customized products with high level of automation that enables comparable pricing as traditional mass manufactured products.
MTO – Made To Order
RFQ – Request For Quote
Enable clients to send in a request for a quote. Commonly done with a web form or e-mail.
SaaS – Software as a Service
Software services commonly run in the cloud that are billed on a regular basis
VPS – Virtual Private Server
Common hosting alternative for web services
UX – User eXperience