Posted in Operations and Supply Chain Terms, Total Reads: 1659
Definition: OLTP (On Line Transaction Processing)
OLTP (online transaction processing) is a program that is designed to help and manage transaction oriented applications. Typically it is used for data entry and retrieving transactions stored in database. It is widely used in different industries such as manufacturing, banking, transport, airline, etc.
One of the most commonly used OLTP product available in market is IBM’s CICS (Customer Information Control System).
Eg: Recently with increase in online shopping there is a huge opportunity in online transactions and it requires good support from different networks normally owned by multiple companies. Here OLTP software can help in transactions using other software like client/server processing and brokering software that allows transactions to run on different computer platforms in a network.