Yes, there is a very concise and widely recognized term for this: "ME/CE" (or "MECE").
You will most commonly see MECE (pronounced "mee-see"), which stands for Mutually Exclusive and Collectively Exhaustive. It was popularized by McKinsey & Company and is standard in consulting, logic, and structured problem-solving.
If you want something even shorter than an acronym, you can use one of these single words, depending on context:
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Partition (in mathematics/set theory) – A partition of a set is by definition mutually exclusive and exhaustive.
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Dichotomy – If you are splitting something into exactly two ME/CE groups.
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Taxonomy – If you are creating a complete, non-overlapping classification system.
In mathematical notation, you can write:
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form a partition of – this implies both conditions.
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Or explicitly: and for .
In everyday business writing, the cleanest shorthand is simply:
"We need a MECE breakdown."
That one word (MECE) conveys the full meaning to anyone familiar with the term. If your audience isn't consulting-savvy, just say "partition" — it's precise, shorter, and mathematically correct.