Capable-to-Promise System (CTP System)
Definition - What does Capable-to-Promise System (CTP System) mean?
Techopedia explains Capable-to-Promise System (CTP System)
One way to further define CTP is to contrast it with a similar term called availability-to-promise (ATP). The difference is that, whereas ATP looks at the availability of materials, CTP assesses the extra components, looking at labor availability, the capability of the business fleet or how materials work through a supply chain. Supporting CTP may mean involving production departments and getting other information about, again, what is possible in terms of delivery.
Capable-to-promise is just one example of an enterprise system that helps businesses solve their problems through data analysis. Cloud computing and other new advances in technology are giving businesses very sophisticated tools in terms of data analysis and forecasting, and companies are using these to their advantage to serve their clients better, streamline business processes and operate at maximum efficiency.