> Glossary



sales and operation planning
a process that employs enabling technology to balance demand and supply to create a feasible forecast that meets an enterprise's global organizational needs. S&OP processes also ask questions around investment to improve responsiveness, customer service, reduce risk, and increase market share. Integration is important because the data that can answer these questions may reside in other modules such as APS or inventory planning.
sales channels
locations and avenues where merchandise or services are sold, such as retail stores, wholesale customers, Internet sales, etc.
sales slip management
a group of software used for maintaining receipts or ticket printings
sales tax
a levy on goods and services by government at the point of sale
Sales tax allocation to company or division
companies are required to collect and remit sales taxes when a purchase is made by e.g., a department or branch in a different tax jurisdiction
worn, damaged, incomplete, or specialized property that has little prospect of resale or serviceable use without some degree of repair or alteration; however it has some scrap value
a representation of the functionality of various alternatives in an evaluation
scrap component
a part that is faulty or fails to meet quality standards. Part may be salvaged, or disgarded.
scrap value
1) the value of used property that is no longer used. 2) the market value of machinery at any point in time
secondary processing
the useful by-product resulting from core manufacturing processing. e.g., forming metal; gas by-products, etc.
secure delete
allows a rollback that restores data, if data is accidently deleted
segregating subsidary schedules
a method for presenting detailed information without cluttering the basic report
send ahead
when part of a lot is moved to another operation before the entire lot is complete
service level
in transportation, it is the measure for the extent to which customer orders can be executed at the delivery conditions normally accepted in the market
Shortlist Wizard
a short questionnaire used in the evaluation center, designed to create a user profile by asking questions about their business requirements. The user profile is compared to vendor capabilities, and upon answering all questions, the user is presented with an alphabetized list of vendors that would best fit his or her needs. Vendors can be selected from this list for a more detailed evaluation.
site specification
a planning team's statement of goals for site development to provide policy direction. It includes, planning, budget, technical features, major design, tentative deadlines etc.
skeleton recurring journal
a journal template that includes a chart of account values, but does not include dollar amounts
special order transit
the process of shipping goods to the warehouse that will be later shipped to the customer
a small bonus given after a sale, usually given by the supplier to encourage sales associates to sell their product
split lot
a manufacturing order that has been divided into parts, due to e.g., time constraints, usually after the order has been released
structured query language (SQL) is a relational data language that is keyword-oriented. It is used for data querying, definition, manipulation, and control
standard batch quantity
are the specifications of the material requirements for production, taken from the quantity of the parent basis
standard cost
the budgeted or assigned costs of operations, processes, overhead, labor, etc.
standard recurring journal
a journal template where accounting values are fixed
statistical accounts
accounts where non-financial information is stored
stock ledger
a record of all transactions affecting inventory, including shrinkage) and the associated costs of inventory (including markdowns), for the purpose of booking merchandise value
strategic merchandise management
see inventory optimization
strategic route design
master route design
structured query language
when suppliers provide goods and services that were previous provided internally
detailed transactions, such as invoices, corporate debt, and purchase orders
summary expense report
a statement listing incurred expenses
supplier relationship management
the management of information between suppliers and purchasers, which is incorporated into the procurement process. It involves supplier, manufacturer, wholesaler, retailer, and customer business processes. Demand management, warehouse management, international trade logistics, transportation execution, and other areas may also form an SRM system.
supply chain event management
a class of solutions designed to monitor, notify, analyze, measure, and control business process and the execution different types of activities. Also known as supply chain network systems
supply chain management
a system that manages the entire value-added chain form supplier to manufacturer, to customer. Supply chain activities, such as design, planning, execution, and control are synchronized with supply and demand, and logistics are used to maximize greater net value.
supply chain network systems
See supply chain event management
supply chain optimization
a process that streamlines the supply chain by linking resources. It can design a best fit supply chain by time, cost, and other factors. By creating a responsive and lean supply chain, it can reduce bottlenecks and optimize schedules by sharing inventory and order information.
suspended transaction
a transaction that is stored (not tendered) for recall at a later time. Generally, it is informational, so it does not indicate money in, and money out.

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