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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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