radio frequency identification
a systen that uses radio frequency to identify and track unique items. RFID tags, in the context of enterprise resource planning and supply chain management, make items visible from manufacturing through distribution. RFID tags may be used to carry basic information such as an address, to more complex information used at different stages of an assembly line.
RDBMS
relational database management system (RDBMS) are a type of database management system (DBMS) that stores data in the form of related tables.
real time
1) coordinating data processing with external events to receive immediate results, e.g., reports 2) refers to the processing of information so rapidly that it appears to be instanteous
recall
1) when laid-off employees are called back from their company
recurring journal entries
scheduled, repetitive transactions that use the same accoutning information and amounts.
refund
a tendered transaction that was returned after the sales transaction was completed. The items are returned and the customer's money is refunded, typically as the original tender type.
relational database management system
see RDBMS
relay
when a driver takes a truck for a shift, and then passes the truck to another driver, so the truck is constantly moving. Relay is a common practice in the less than truckload (LTL) industry.
remote procedure call
a protocol that allows a program running from a host computer, to run on other computers
replacement cost
a method for assigning an item's cost by inventory valuation based on the value of the next purchase
replenishment order quantity
an amount of inventory, either standard or fixed, that is ordered when stock falls below a specified level
repository
a central place whree data is stored and maintained
retail inventory method
a special method of inventory evaluation where the value of inventory is determined by applying a predetermined percentage to the inventory value
retail method
a means that evaluates inventory where the value is determined by applying a predetermined percentage to the inventory value, specified at retail prices
return on asset
the net income for the previous twelve months divided by total assets
return on investment
a financial measure of the relative return from an investment, usually expressed as a percentage of the earnings produced by an asset to the amount invested in the asset.
return to vendor
material that has been rejected by the buyer's inspection department and is designated for return for credit or replacement
revenue management
a system that uses sales history, trends, and planning and forecasting tools to sell inventory at profitable margins, create promotional events, and determine markdowns to allow retailers to liquidate discontinued or out of style products in order to decrease losses
revision level
a letter or number representing the number of times a part drawing or specification has changed
rework order
an order to salvage a defective part or item
roll up
the sums presented in an information tree that has been totaled
rolling balances
balances are carried over from one period to another
routing maintenance report
a report that includes information on the maintenance and manufacture of an item
routings
details about the manufacturing method, such as the production rate, for specific items
RS-232
a serial, single-ended device protocol
run size
the quantity of a parent that is used to determine the material requirements for a production line
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