Glossary

Electronic Funds Transfer Term for the various types of electronic payment transactions.

In an end-of-year result the articles, delivery quantities and prices are specified with the suppliers.

IP Network of the European Automotive Industry.

Enterprise Resource Planning Enterprise resource planning describes the entrepreneurial task of planning, controlling and managing personnel and resources such as capital, operating resources, material and information and communication technology in a timely manner and as required in line with the company’s purpose.

The external service provider is a legally independent company that performs certain activities (services) for the automotive suppliers, sub-suppliers and automotive manufacturers.

It is a non planned delivery to prevent a stop on an assembly line at the customer. The cost of an extra tour is payed by the originator.