Glossary
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Markets in Financial Instruments Directive (MiFID)
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Markets in Financial Instruments Directive (MiFID) is a European Union law that enables a harmonized regulatory system for investment services across the 30 European member states. The goal is to increase consumer protection & competition within the investment service industry.
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Manufacturing Execution System (MES)
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Processing systems used for production (ex: software).
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Manufacturing Operations Management (MOM)
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Emphasizing an integrated approach to reforming manufacturing operations across a company.
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Measurement and Metrics Guide (MMG)
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Used to measure and report performance of compliance, ethics programs and processes. The MMG was developed by OCEG.
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MiFID GRC
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Governance, Risk Management & Compliance (G.R.C) according to Markets in Financial Instruments Directive (MiFID).
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MiFID Support Software
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Software supporting the MiFID regulations.
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Muda (Japanese)
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This term translates to waste. Used to describe wasteful activities that add no value.
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Mura (Japanese)
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Refers to inconsistencies with in an operation.
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Muri (Japanese)
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Refers to overburdening equipment, or operators.
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