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| Acronyms |
| They're everywhere! Do you know what they mean? Well here's a quick reference section on the old and the new Acronyms in the industry. |
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| BI - Business Intelligence - It is
a catch phrase that was coined in the mid-1990s to describe taking data from
its raw form and turning it into something usable that business decisions
can be based on. |
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| CPI - Continuous Process Improvement is a never ending effort to discover and eliminate the main causes of problems. It accomplishes this by using small-steps improvements, rather than implementing one huge improvement. |
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| DFT - Demand Flow Technology is the most successful approach among flow and lean manufacturing models in combining mathematics and technology into a viable and successful business strategy. DFT manufacturing concentrates on process design and increased material throughput to bring product lead times in line with work content times. |
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DRM - Digital Rights Management
Technology that was developed as a reaction to violations in protection against the illegal distribution of copyrighted materials. |
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The True Cost of Paper Forms
Gartner, the research group, has found that for every dollar spent on producing paper forms, between $30 and $60 is spent in processing those forms, and estimates that $360 billion is spent annually on processing data from forms. More to the point, even one simple intra-company form, such as a vacation time request, can cost a company over $150 per form to process, according to a study funded by Microsoft. This includes labor and materials for printing, storing, filling out, receiving approval, and entering the information into the business system. And with increasing regulatory controls, especially in government, insurance and financial industries, it will only get worse, as increasing amounts of information must be extracted and processed from increasingly varied sources. The Yankee Group, a research organization, predicts that the sheer amount of information requiring processing will grow at a rate of 200 percent per year.
Source: http://www.dpsmagazine.com
New HIPAA Consumer Fact Sheets, State Guidance Released
The Department of Health and Human Services (HHS)
has released new consumer fact sheets on the HIPAA
Privacy Rule. The first, entitled "Privacy and Your
Health Information," is a general overview of the
rule, explaining that HIPAA gives individuals rights
over their health information, sets rules and limits
on how information can be used and disclosed, and
requires covered entities to take steps to protect
health information.
The second, entitled, "Your
Health Information Privacy Rights," focuses on each
of the privacy rights individuals have under the
rule.
HHS has also released a guidance sheet outlining
when a state agency is required to comply with HIPAA
in instances when it is compelled to release personally
identifiable information under state freedom of
information laws.
Source: ARMA International Washington Policy Brief, September 2004
More information is available at http://www.arma.org/news/policybrief/index.cfm?BriefID=553
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