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Extra time added to the calculation of the order quantity to compensate for delays in receiving the product and increased demand. Safety days are added to order points and line points at purchasing branches to compensate for vendor lead times and order cycle days.
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The amount of material held in reserve for possible delay in delivery of stock or for a possible increase in demand or additional stock held to ensure against unpredictable fluctuations in daily sales or the time to replenish the product. The system uses safety days to factor safety stock allocations into order points, line points, transfer points, and child surplus points. For more information, see Adding Customer Service Stock.
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A request from your customer to purchase inventory.
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The profit center that sold the product: Outside Sales, Inside Sales, Counter Sales, or Showroom Sales. A sales source lets you track where sales originate.
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Additional buy lines assigned to products. Use secondary buy lines to enhance your purchasing power. When a buy line is limited to the products you add to that buy line, you can attach a secondary buy line to help meet the vendor target. In other words, you attach all the products from one buy line to the other buy line. For more information, see Recalculating for Secondary Buy Lines.
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Groups products together for use in creating sell matrix cells for selling purposes. For more information, see Buy and Sell Group Overview.
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A three-demensional matrix used to determine the selling price to the customer.
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The branch authorized to sell stock.
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See chain discounts. | |
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The carrying cost associated with a balance owed at month end. Also referred to as a finance charge.
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A manually-set quantity of stock used for items that have little demand, but which must be stocked as emergency supplies for in-house use or for a guarantee to a customer. Service stock is added to the calculated order point. The system associates an expiration date with the service stock. After the expiration date, the system no longer adds the service stock to the calculated order point.
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One warehouse or location that handles the selling, purchasing, and warehousing of inventory.
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The order status to use when a customer prefers that you wait until you can fill their entire order before you ship any of it. They do not want to receive multiple shipments against a single order.
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The method by which products are shipped, such as UPS, Airborne, or our truck. For more information, see Ship Via Maintenance Overview.
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A code used to identify the method by which products are shipped. Assigning a ship via code to a customer or vendor record defines the primary method of shipment to use for that entity.
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The quantity you need to purchase to bring an item currently below its order point back to its order point.
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A common term for a unique numeric identifier, typically in a product database.
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Process by which you can create new trackers from an original tracker when an issue that is related, but secondary to the original issue needs addressing. The original tracker is linked to the spawned tracker, but you resolve each individually. Spawning new trackers prevents the original tracker from being cluttered with secondary issues. For more information, see Spawning Trackers.
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Sometimes called a standard or regular kit, that cannot be separated into its components in order entry to create another dynamic kit on the fly. Static kits do not have on-hand quantities; their on-hand quantities are determined by the on-hand quantity of the smallest component making up the kit. For example, a water closet kit consists of one toilet tank and one toilet bowl. If you have 5 tanks and 4 matching bowls in stock, you have a total of 4 water closet kits available.
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Products held in inventory, either in a showroom, on the shelf, or otherwise ready for a customer to purchase.
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The document describing the contents of a delivery received.
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A grouping that allows you to use different break values and cost formulas in determining the unit cost of specific products within a cost group. The amounts or products ordered in a sub-group can be included with other products in the cost group to achieve cost break requirements if you are using group cost breaks.
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Point at which the stock level for inventory is greater than the economic order quantity plus the line point. For more information, see Replenishing Child Branches. Note: Baby (child) surplus point calculation: ((((Transfer Cycle + Safety Days + Transfer Grace Days) * Average Daily Demand ) + EOQ) + Service Stock)
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