Sharp Solutions Letter “B” Acronyms for the Sharp MFP industry

B
Base Unit: The copier, printer, scanner, large/wide format and production devices that include all standard accessories and parts, and excludes optional accessories and/or software.

Blended Rate: A rate that is derived by taking the black/white and color cost per click rates on one or more devices and calculating one rate that a customer will be billed for all copies, regardless of device type and black/white or color output. Allows for simplicity when billing copies run.

BLI (Buyers Laboratory Inc.): Independent provider of competitive intelligence, test and reviews on multifunction, copier, printer and fax products.

BMP (Windows Bitmap Format): An image file format used to store bitmap digital images.

BPO (Business Process Outsourcing): The contracting of non-primary business activities and functions to a third-party provider.

BPO services include payroll, human resources (HR), accounting and customer/call center relations.

BPM (Business Process Management): A business solution approach which views a business as a set of processes or workflows. BPM Software (BPMS) is software which enables businesses to model, implement, execute, monitor and optimize their management processes.

Bronze Standard: Devices which meet less than 50 percent of the 28 optional EPEAT criteria.

Business Day: Any day other than Saturday, Sunday or a legal holiday.

Buyout to Keep: The early termination option on an FMV or capital lease that involves the acquisition of the equipment by the purchasing entity, and consists of any current and past due amount, plus the remaining stream of equipment payments.

Buyout to Return: The early termination option on an FMV, capital or straight lease that involves the return of the equipment by the purchasing entity to awarded vendor, in good working condition (ordinary wear and tear excepted), and consists of any current and past due amounts, plus the remaining stream of equipment payments.

BYOD (Bring Your Own Device): Commonly refers to employees who bring their own computing devices— such as smartphones, laptops and tablets—to the workplace for use and connectivity on the secure corporate network.

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