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The quantity above which a hit will not be included in the demand forecasting calculation. The elimination of BTQs is done before the determination of exceptional sales. Unlike the Exceptional Sales Sensitivity field, which changes depending on the second largest sale made in the period, this value is a fixed limit.
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Any selling branch that is dependent on another branch for its purchasing or warehousing. Also called a child branch.
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The baby surplus point determines the point at which a baby branch should return stock to the mother branch. When the projected inventory level is greater than the baby surplus point, and a Y Return type transfer is run, the Suggested Auto Transfer program suggests returning the difference to the mother branch. The formula is: Baby Surplus Point = ((((Transfer Cycle + Safety Days + Transfer Grace Days) * Average Daily Demand) + EOQ) + Service Stock.
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Defined in the system during system implementation, and the system uses basis names to calculate prices, sort information for reports, and select data sets for mass updating. You cross-reference the vendor's local basis names with global basis names to standardize basis names for the system. This creates consistent pricing and costing references for all transactions. For more information, see Pricing Basis Fundamentals.
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A method of entering invoices in batches or groups for ease in sorting and printing.
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Document issued by the transportation carrier to the distributor acknowledging that they have received the shipment of goods and that the goods have been placed on board a specific vessel bound for a particular destination. Lists the items being shipped and the terms of delivery, such as how the goods received are to be carried. This is also known as a way bill. Note: Separate bills of lading are often issued for the inland or domestic portion of the transportation and for the ocean or air transportation. For more information, see Bills of Lading Report.
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A warehouse scheme in which the needs of the child branches are analyzed and reported back to the parent branch so stock can be purchased to bring the child branch back to the greater of its transfer point or its economic order quantity.
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Location in a company where stock is warehoused, purchased, or sold. Also, any physical location or company entity for which the company wants to have G/L posting activity.
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The point in the vendor billing cycle when the customer billing rate changes. This ensures that your customer reaches 100% billing at the same time you reach 100% vendor billing. For more information, see Advance Billing Factor Concepts.
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A group of products that share the same costing rules. Group products into buy groups when you have multiple primary vendors for a group of products, or when complex pricing relationships, such as quantity breaks, exist between your primary vendors and the product groups that you purchase from them. For more information, see Buy and Sell Group Overview.
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Products that are grouped and purchased together to meet a vendor target and qualify the purchasing branch for a line buy. For more information, see Buy Lines Overview.
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A three-dimensional matrix used to determine the buy price from a vendor.
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