There are 336 entries in the glossary.
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| ABC Classification | Method used to stratify or categorize inventory into groups or sections based upon certain activity, request, or use characteristics. Examples of ABC stratifications would include ABC by order velocity (# of times item has been sold), ABC by sales volume, ABC by quantity sold / consumed, ABC by average inventory investment, ABC by margin, etc.
ABC stratifications are used to develop inventory planning policies, set count frequencies for cycle counting, slot inventory for optimized order picking, and other inventory management activities in an ICS. ABC codes are typically set by item.
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| ADC | See Automated Data Collection
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| Advanced Shipment Notification | Advanced shipment notifications are used to notify a customer of a pending shipment. An ASN will often include purchase order (PO) numbers, item (SKU) numbers, lot numbers, quantity, and pallet or container number. An ASN can be on paper, but most are via electronic notification, principally via EDI (Electronic Data Interchange). Advanced shipment notification (ASN) systems are often combined with bar code compliance labeling which allows the customer to receive the shipment directly into inventory with a single scan through the use of bar code scanners and automated data collection (ADC) systems. |
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| AGV | Automated Guided Vehicle - Vehicles programmed to automatically drive to designated points and perform pre-programmed functions. |
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| AIDC | See Automated Data Collection
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| Aisle | A passageway within a storage area for internal traffic. |
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| Allocation | Allocations in inventory management are the actual demand created by sales orders or work orders against a specific item. A firm allocation is an allocation against specific units within a facility, such as an allocation against a specific location, lot, or serial number. Firm allocations are also sometimes referred to as specific allocations, hard allocations, hard commitments, holds, frozen allocations, or reserved inventory. Standard allocations simply show that there is demand while firm allocations reserve or hold the inventory for the specific order designated. |
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| Alphanumeric | A character set that contains alphabetic characters (A, a to Z, z), numeric digits (0 to 9) and usually other characters such as punctuation marks. |
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| Analytics | Data that helps companies track business trends. Analytics comprise all applications that analyze data about an enterprise's business activities and customer information and presents it so that better, quicker, and more-actionable business decisions can be made. Analytics closely resembles statistical analysis and data mining.
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| APICS | American Production and Inventory Control Society |
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| Architecture (system architecture) | A description of the design and contents of a computer system, including information such as a detailed inventory of current hardware, software, networking, and interface capabilities, a description of long-range plans and priorities for future development, and a plan for upgrading and/or replacing dated equipment and software. |
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| ASCII | American Standard Code for Information Interchange - a code that represents letters, numerals, punctuation marks, and control signals as seven bit groups. It is used as a standard code for the transmission of digital data. The values range from hex value 00 to hex value 7F. |
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| ASN | See Advanced Shipment Notification
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| ASQ | American Society for Quality |
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| Auto-discrimination | The functionality of a bar code reader to recognize the bar code symbology being scanned thus allowing a reader to read several different symbologies consecutively. |
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| Automated Data Collection | Sometimes known as Automated Data Capture or AIDC (Automatic Identification and Data Collection). This term refers to computerized systems used to automate transactions in warehousing and shipping operations. Data collection systems require interfaces to collect the data such as scanners and Radio Frequency (RF) receivers (RFID readers), and related terminals and software to transmit and process the data. |
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| Available Inventory | Refers to the status of inventory as it relates to its ability to be sold or consumed. Availability calculations are used to determine this status. An example of an availability calculation would be: [Quantity Available] = [Quantity On Hand] -[ Quantity On Hold] - [Quantity Allocated To Sales Orders] - [Quantity Allocated to Production Orders] |
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