There are 332 entries in the glossary.
Pages: 1
| Rack | Wood or metal framework upon which units or unitized loads are placed. |
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| Radio Frequency | Refers to the portable data collection / printing devices that use radio frequency (RF) to transmit data to the local host system. |
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| Re-Warehousing | The practice of re-handling lots already in storage in order to make room or consolidate storage. Re-warehousing is a continuous process that involves handling due to the manner in which withdrawals are made from lots. Re-warehousing also occurs in making letdowns from the upper rack tiers or stacks to facilitate picking. |
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| Real-Time WMS | A real-time Warehouse Management System (WMS) is an interactive system aware of each transaction and constantly conscious of all inventory in a supply chain. Users prompt the system for work and the WMS optimizes each task for a more efficient warehouse operation. Constant communication is maintained through wireless or RF equipment and remote printing. |
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| Receipts | The materials or transactions associated with the receiving process. |
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| Receiving Area | Area in the warehouse where goods are received. |
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| Release Strategy | A plan defining the release codes with which a purchase requisition item, a complete purchase requisition, or a complete external purchasing document must be released (that is, approved) and the sequence in which release is to be effected using these codes. For example, you can establish a release strategy for all purchase requisitions with a value in excess of a certain figure. |
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| Reorder Point | The inventory level set to trigger reorder of a specific item. Reorder point is generally calculated as the expected usage (demand) during the lead time plus some level of safety stock.
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| Reorder Quantity | The number of units, determined by logical factors, scheduled for reorder when the reorder point is reached. |
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| Replenishment | A method of replenishing stock; the replacement of used warehouse inventory. |
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| Replenishment Element | A definable element in the system that triggers material replenishment. |
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| Requisition | Internal document by which a using agency requests the procurement office to initiate a purchase. May also be a form used to obtain supplies from a storeroom or warehouse. |
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| Reverse Logistics | The processing of returning products. Reverse logistics often involves customer service, product refurbishing, product repackaging, processing of credits and refunds, restoring product to inventory, and the liquidation of product. |
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| RF | See Radio Frequency
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| RFI | Request for Information - A formal document issued by a company to the market place to find vendors / providers or check that the service levels of existing providers are inline with best market practice. It is also used to confirm that the use of a service provided is still justified or to solicit external solutions to a particular business or operational problem. |
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| RFID (radio frequency identification) | Systems of transponders that transmit data to a receiver for inventory identification and placement. RFID can carry more information than barcodes, allowing for such specialty information as batch number, and date of manufacture. |
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| RFP | Request for Proposal - A formal document, containing a list of questions sent out to potential vendors / providers, to source the provision of goods and/or services. An RFP typically involves more than the price. Other requested information may include basic corporate information and history, financial information (can the company deliver without risk of bankruptcy), technical capability (used on major procurements of services, where the item has not previously been made or where the requirement could be met by varying technical means), product information such as stock availability and estimated completion period, and customer references that can be checked to determine a company's suitability.
RFP's often include specifications of the item, project, or service for which a proposal is requested. The more detailed the specifications, the better the chances that the proposal provided will be accurate.
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| RFQ | Request for Quote (Request for Quotation) - A document used to solicit vendor responses when a product has been selected and price quotations are needed from several vendors. |
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| RFT | Request for Tender - A business process where an organization advertises for the supply of specified goods or services. RFT is sometimes also used to refer to the tender process itself, or the tender documentation. In many countries, public bodies are legally required to go through an RFT process in order to demonstrate that competition has taken place and value for money has been obtained. In the European Union a public body must issue an RFT in all cases where the likely value of the business is expected to exceed €200,000. |
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| Role-Based Security | An approach to restricting system access to authorized users based on a user’s functional group or role within the organization. Roles are created for various job functions; the permission to perform certain operations (permissions) is assigned to specific roles. System users are assigned particular roles, and through those role assignments acquire the permissions to perform particular system functions. Since users are not assigned permissions directly, but only acquire them through their role (or roles), management of individual user rights becomes a matter of simply assigning the appropriate roles to the user, which simplifies common operations such as adding a user or changing a user's department. Roles can exist in a hierarchy, with each parent role assuming the rights of its children. Users can be added to LDAP or Microsoft Active Directory groups and these groups can be added directory to system access control lists (ACLs) or individual applications. Also known as Role-Based Access Control (RBAC). |
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| Rolling Average Inventory | An average inventory count or value based on the immediate past 12 month period. |
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