Generally speaking, Party B refers to the party who has achieved the goal, and in the contract, it mainly puts forward how to ensure the realization and obtain benefits according to the completion.
During the contract, Party A mainly supervises whether Party B fully meets its own requirements. After the execution of the contract, Party A generally needs to pay money or other things to get what it needs. Generally speaking, Party A pays and Party B contributes.
Some common terms in IT industry:
1、ERP
English name: ERP (Enterprise Resource Planning)
Chinese Name: Enterprise Resource Planning
ERP was first put forward by Gartner in the early 1990s. Its specific meaning changes with the observer's perspective: from the perspective of the company's management, the key lies in the word "plan". The function module of ERP can support a variety of tasks at the same time: from the formulation of medium and long-term strategic plan to the real-time scheduling decision at the bottom.
2、WMS
English name: WMS (Warehouse Management System)
Chinese Name: Warehouse Management System
Warehousing is an important part of modern supply chain and plays an important role in factory management and logistics operation. WMS (Warehouse Management System) is a computer system used to manage and optimize the flow and storage of goods in warehouses. It often interfaces with ERP system and has the function of automatic data capture.