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The cost of keeping a product on the shelf including warehouse utilities, inventory shrinkage, insurance, or the cost of the money you have invested in the inventory. Carrying cost is expressed as a percentage of a product's inventory cost.
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Government ratings for military specification parts. The code identifies the vendor and manufacturer as an authorized supplier to the military. For more information, see Entering Miscellaneous Vendor Information.
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A warehouse scheme in which a grandparent branch coordinates purchasing and storing products for one or more parent branches. A parent branch coordinates storing only for one or more child branches. The branches combine their purchasing power to meet a vendor target. The grandparent branch receives and warehouses the stock for other parent branches, which subsequently replenish child branches. For more information, see Understanding Warehouse Schemes.
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A warehouse scheme in which the parent branch coordinates purchasing for one or more child branches. Central purchasing's strength is that these branches combine their purchasing power to meet a vendor target while allowing inventory to go directly to the branches without transfer replenishment costs. Then, each branch receives and warehouses its own stock. For more information, see Understanding Warehouse Schemes.
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A warehouse scheme in which the parent branch coordinates purchasing and storing products for one or more child branches. These branches combine their purchasing power to meet a vendor target. In this warehouse scheme, a child branch needs to be replenished when the projected inventory level of an item drops below the transfer point for the item at the child branch or below the maximum value for the item in the branch if you use min/max values. For more information, see Understanding Warehouse Schemes.
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A series of purchasing discounts offered for meeting a series of conditions. For example, a 50/10 discount for meeting the first condition, then a 10% discount off the cost of previous discount for meeting the second conditional. An item costing $100 would then cost $50 (50% off $100) under the first condition, then $45 (10% off $50) under the second condition. Also called sequential discounts.
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An audit log attached to system programs that tracks certain modifications made to a transaction after its creation.
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See baby branch.
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A group of salespeople who divide commissions among themselves. For more information, see Calculating Commissions for Sales Pools.
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A sale that has been entered into the system for a specific customer with a status of Pick-Up Now. This sale affects availability and projected inventory levels.
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A four-digit number and is intended to permit a sufficient breakdown of products so that they can fit almost any grouping a distributor may already have or want for product sales and profit analysis. This means that two or more products with similar physical characteristics would have the same commodity code for all vendors who manufacture them. This code categorizes a product by an industry-assigned code.
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Add-on applications that are purchased separately from the core Eclipse system. On-site implementation or technical support from Eclipse is required to begin using companion products.
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A true cost of goods or merchandise including the expense incurred when sold. Typically, a company values inventory at replacement cost on a transaction by transaction level and reports average cost value at year end.
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A group of products that have similar cost and discount structures and can be used in the calculation of accumulated cost breaks.
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A subset of the customer file that represents customers with common pricing rules.
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A subset of the customer file that represents customers that have common promotional pricing rules:
For more information, see Customer Types versus Customer Price Classes.
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A percent applied to various measurements of how well a company serves customers' needs.
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The process of regularly going out and counting the quantities of a select group of products, either by location within your warehouse, or within a price line. Cycle counting ensures accurate inventory levels, which is essential for accurate demand forecasting and automated purchasing. For more information, see Cycle Counting Overview.
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Stock that exists whenever one buys in larger quantities needed to satisfy what will be used in the period it normally takes to see what the vendor requires to be bought to meet their vendor target. The investment in cycle stock may prove to be more economical when considering savings in production, transportation, purchasing, and clerical costs.
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