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The quantity multiple in which stock may be purchased or transferred, depending on the product divisibility and economic order quantity relative to transfers and the availability of stock in the parent branch.
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A warehouse that purchases, receives, or warehouses stock for dependent selling branches. Also known as a mother branch.
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A customer open-item statement that shows subtotals by ship-to customer. The system produces a statement for the parent that includes all open items for all ship-to customers that point to the parent. This statement is broken down with subtotals by ship-to customer. For more information, see Parent Statement Customer.
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Passing freight charges automatically on hard or soft tagged orders and direct orders and distributing the costs to the customer. For more information, see Pass-Along Freight Rules.
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A program that runs in the background. The phantom lets you schedule programs and reports to run automatically. For example, you can schedule a report to run each Friday at 7:00 PM. For more information, see Phantom Processing Overview.
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A location or group of locations within your warehouse that consolidate items for picking. For more information, see Zone Maintenance Overview.
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The number of picks the system allocates to one task per pick group. For example, if you want warehouse personnel to pick only one sink at a time, then you would define 1 as the pick task size for that pick group.
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A system-estimated date when the projected inventory level (PIL) of the product is assumed to be sufficient to cover all sales commitments. Plenty date = Order cycle + Lead time – Days into order cycle Note: In a central warehouse scheme, the plenty date for the child branch is: Plenty Date = Next Purchase Order date + Mother Branch Lead Time + Transfer Cycle
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A collection of products your company sells. Also known as a commission sales pool. For more information, see LIFO Inventory Valuation Overview.
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A method of grouping inventory items to determine increases or decreases in the sum of the base costs of that pool. It is primarily set up for tax purposes. The minimum number of pools provides for significant variances in purchasing line costs. Lines having higher costs can be offset by other lines that have lesser costs.
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The number of the network port a user logs in to. Each cash drawer may have a different port number assigned to it.
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The act of recording activity to either a journal or a ledger.
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A code, set at the product level, used to categorize products for inventory control and cataloging, such as Stock, NonStock, MiscChrg, Delete, Review, Comment, Purge, or LotItem.
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A report that outlines all income, less all expenses, and shows the profit or loss. Also known as an operating statement, or a P and L.
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Groups of customers to whom you sell your products who receive different product pricing. For example, large volume customers may get discounts.
For more information, see Customer Types versus Customer Price Classes.
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Groups of items whose prices are updated at the same time, such as, products in a vendor line, products in a major segment within a vendor line, or products with a unique unit of measure. Groups products for pricing, buying, and reporting purposes. For more information, see Price Line Overview.
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Numerical increments in which the basis fields are defined. The most common forms of price per are d-1, c-100, m-1000. The price per and unit of measure are not the same field. For example, wire is sold with a unit of measure of foot, but is sold with a price per of m-1000.
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To get an item outside the normal replenishment path. For example, you might need to procure an item to fill a customer's emergency order.
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A work queue that helps you control individual stock purchases that must be procured.
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Groups that define how products are replenished to the branches and identify emergency procurement sources. You can assign procurement groups at the buy line level or the product level. The system checks for a procurement group assigned at the product level first to determine the replenishment path to use. Procurement groups are used for procuring an item that is out of stock at the sales branch. Procurement groups do not affect the creation of the Suggested P/O Queue, but determine how stock is moved from one branch to another within the company. For more information, see Procurement Groups Overview.
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The index of products you sell that are not regularly kept in inventory.
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A group of related products that are often ordered together. A product family is meant to provide you with a mix-and-match option when ordering. For example, a product family called Kitchen Sink might contain the sink, faucets, and other plumbing products that are usually sold with a kitchen sink.
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The file that contains all product records, including items such as buy lines, price lines, and MSDS data. Product file information makes automatic purchasing effective. Product records must be complete for the system to accurately calculate the Suggested P/O and Suggested Transfer reports. For more information, see Product Maintenance Overview.
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The index of products you sell that are regularly kept in inventory.
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A method for rating products by comparing the activity of a product against all other products within the same price line, a group of price lines, or all price lines. Product ranking is calculated by the system based on the parameters set in the Product Ranking program. For more information, see Product Ranking Overview.
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Categories that describe the type of products sold, for example, plumbing, electrical, tools, or commodities. Product types are used in combination with sales sources for sales analysis and are assigned to products on the Product Maintenance screen using the G/L Account/Product Type field. For more information, see G/L Product Types Overview.
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The quantity of a product used for predicting purchasing needs. The amount you physically have on hand, minus the amount committed to orders, plus the amount coming in on transfers and purchase orders. Each product has its own projected inventory level. PIL = ((on hand committed) + on transfer + on purchase order)
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The difference between the purchase price of a product and the actual price for which it is sold that has been defined as acceptable, that is, the difference between the cost on the vendor invoice and the cost on the purchase order. If your price falls outside the purchase price variance, the system places the order on hold by the system for approval and/or investigation. For more information, see Running the Price Variance Report.
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An order placed to a vendor to replenish inventory in a warehouse.
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The branch authorized to purchase a product. In a central purchasing warehouse scheme, one branch coordinates the purchasing for itself and the other branches within the purchasing group.
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See carrying cost.
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The multi-tasking feature of the system that allows you to temporarily suspend what you are currently doing to use another part of the system. For example, in the middle of entering an order for one customer, you can do an inquiry for another customer and then return to the original order. For more information, see Additional Navigation Guidelines.
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