Glossary

Point to Point means a direct connection between two locations.

(1) In transportation, especially aviation, this refers to a system where a vehicle travels directly from its start point to its destination. This is in contrast to the use of hubs.

(2) In electronic communications, point to point refers to a permanent communication link between two locations. In telecoms, the abbreviation P2P can mean either point to point, or peer to peer.

Polyethylene Terephthalate (PET) is a thermoplastic polymer resin used to make fibers for textiles, plastic containers and other materials. Of these, fiber production accounts for about 60% of production, and bottles about 30%. The polymer has a formula (C10H8O4) and is solid at room temperature.

The plastics used in everything from food packaging to children’s toys are polymers, but the term encompasses a much wider group of materials than that. Other polymers include polystyrene, and the thickeners in shampoo which give them their gel-like consistency. The technical definition of polymer also includes natural materials such as wool, silk, natural rubber, and cellulose.

POSC-Caesar Association is a non-profit global member organization targeting the development of open specifications to be used as standards for enabling the interoperability of data, software and related matters. The Association was responsible for the initiation of ISO 15926, Integration of life-cycle data for process plants including oil and gas production facilities

Possible reserves are oil and gas reserves which are considered likely to be significant. However, the technical and commercial probability of successful production has not been shown to be over 50%. When the over-50% target is achieved, reserves are classified as Probable Reserves.

Postponement involves delaying the final assembly, configuration, and/or packaging of a product.  The goal is to delay incurring this cost, and committing use of materials to a specific configuration to as late as possible in the production process.  This will generally be after an order has been received, and often just before a product ships to the customer.

The Powertrain is the group of components that generate power in motor vehicles and enable movement. For manufacturers and maintainers this includes the engine, transmission, suspension, exhaust system and the wheels. A powertrain warranty will usually cover some not all of these components.