This is a auto-generated Article of all your definitions within the glossary.
Glossary
This is a auto-generated Article of all your definitions within the glossary.
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Active Status
Active status indicates that the item is available for purchase from a supplier, can be added to inventory, and is eligible for transfer.
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Base Unit
Classified as the largest Unit of Measure for an Item. This is typically the main Purchase Unit for the Item.
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Blanket Purchase Order
A Blanket Purchase Order (BPO) is an agreement between a buyer and a supplier to supply goods or services at agreed-upon prices over a specified period. It aims to streamline and accelerate the procurement process for frequently purchased items, eliminating the necessity for repetitive negotiations and paperwork with each order.
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Carry Unit Cost
The average cost to acquire the item for inventory, expressed per unit of measure, used as the price for inventory transactions involving that item.
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Close Short
Close short shipment refers to the process of finalizing and closing a purchase order when the received quantity is less than the original order quantity.
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Commodity
Each item is assigned a classification. Depending on the customer, the Commodity/Item level may include a mix of alphanumeric or purely numeric characters. The newly created item will inherit default settings configured at the Commodity level, such as Expense Account, Inventory Account, Terms, Prime Buyer, and/or Prime Supplier.
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Deleted Status
Deleted status signifies that the item is no longer usable within the system however it will still be visible in reports. Ensure removal of deleted status items from documents, bids, order guides, inventory, and recipes.
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Delivery
Refers to delivering the goods from the Warehouse to the department that requested/ordered the goods.
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Inactive Status
Inactive status indicates that the item can still be transferred but is no longer available for addition to inventory or purchase from a supplier.
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Inventory Carry Unit
The inventory carry unit is the same as the issue unit. It's the unit the item is ordered by the department.
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Issue Unit
The smallest unit you want to carry in the warehouse/inventory. Used the same as Inventory Carry Unit.
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ITM
Shorthand for Item by RedRock Software. It enables users to manage all aspects of an item from a single system, offering comprehensive visibility across various use cases and simplifying the setup of new items as well as the maintenance of existing ones.
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Miscellaneous
An item marked as 'allowed as miscellaneous' enables users to modify the item description on procurement documents.
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Order Unit
The unit in which the item is typically purchased.
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Outlet Carry Unit
The unit in which the item is typically received.
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Pricing Unit
The unit by which suppliers typically price the item.
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Primary Buyer
A Primary Buyer can be assigned to a specific item in order to group Items and facilitate the selection of Items to Purchase Orders.
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Reference Number
Field where you can input the Item Number from the previous system. If left empty, this field will automatically use the Item Number as its default value.
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Replenish Unit
This is the largest unit and how you order from the vendor/supplier.
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Retail Item(s)
A retail item refers to any individual product or merchandise that is sold directly to consumers through retail outlets via the Point of Sales.
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RTL
Shorthand for Retail By RedRock Software includes both the Dashboard and the Point of Sale Interface, along with additional tools integrated within ITM.
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Scoreboard
A scoreboard is a visual row of squares that displays and tracks real-time information across various categories, providing instant insights into key metrics. Users can interact with the scoreboard to explore detailed data by drilling down into the displayed information.
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SKU
SKU (Stock Keeping Unit) is a unique auto-generated identifier assigned to each distinct product and is used to track inventory and manage stock levels efficiently.
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Specifications
Refers to a detailed description or set of criteria that outlines the specific characteristics, features, dimensions, materials, or other attributes that define a particular product or item. These specifications are used to ensure clarity and consistency in manufacturing, procurement, quality control, and usage of the item.
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Term
Refers to a specified condition, requirement, or duration that applies to a transaction, agreement, or arrangement. It can include payment terms, delivery terms, contractual terms, or any other conditions that govern a business relationship or transactional process.
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UPC
UPC (Universal Product Code) is a unique barcode identifier scanned at point of sale terminals to record transactions, update inventory levels and provide essential data for sales analysis and inventory management.
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WHS
Shorthand for Warehouse by RedRock Software, encompasses not only the dashboard but also the Warehouse Workflow Engine, which allows for task creation and assignment, as well as delivery tracking and worksheet concepts.
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Widget
A widget is an interactive tool within the interface that provides specific functionality or information to make the app more efficient and user-friendly.