Industry Terminology

Num A B C D E F G H I J K L M N O P Q R S T U V W

 

R

 

R&D: Research & Development

 

R&M: Repair and Maintenance

 

R.O.G.: Receipt of Goods.

 

RACF: Resource Access Control Facility. The security system used to control access to computer applications.

 

Rack: A storage device for handling material in pallets. A rack usually provides storage for pallets arranged in vertical sections with one or more pallets to a tie r. Some racks accommodate more than one-pallet-deep storage. Some racks are static, meaning that the rack contents remain in a fixed position until physically moved. Some racks are designed with a sloped shelf to allow products to "flow"down as product in the front is removed. Replenishment of product on a flow rack may be from the rear, or the front in a "push back"manner.

 

Racking: A function performed by a rack-jobber, a full- function intermediary who performs all regular warehousing functions and some retail functions, typically stocking a display rack. Also a definition that is applied to the hardware which is used to build racks.

 

Radio Frequency (RF or RFID): A form of wireless communications that lets users relay information via electromagnetic energy waves from a terminal to a base station, which is linked in turn to a host computer. The terminals can be place at a fixed station, mounted on a forklift truck, or carried in the worker's hand. The base station contains a transmitter and receiver for communication with the terminals. RF systems use either narrow-band or spread-spectrum transmissions. Narrow-band data transmissions move along a single limited radio frequency, while spread-spectrum transmissions move across several different frequencies. When combined with a bar-code system for identifying inventory items, a radio-frequency system can relay data instantly, thus updating inventory records in so-called "real time."

 

Rail Car: A vehicle with wheels that runs along tracks (railroad).

 

Random-Location Storage: In warehouses, a storage technique in which received material is put away in any available space rather than a specific space determined according to logical criteria.

 

Range: In RF systems, the maximum distance between antennae and/or RF tags that still permits communication.

 

Rapid Application Development: An approach to writing software programs that speeds and streamlines the process. It usually involves objects and components.

 

Rapid Prototyping: The process of quickly turning product designs into physical samples. It typically entails CAD, PDF, cross-functional teams, and integration with highly flexible production equipment.

 

Rapistan: Manufacturer of conveyor systems.

 

Rationing: The allocation of product among customers during periods of short supply. When price is used to allocate product, it is allocated to those willing to pay the most.

 

Raw Materials (RM): Crude or processed material that can be converted by manufacturing, processing, or combination into a new and useful product.

 

RCCP: Rough Cut Capacity Planning: process of converting the master production schedule into requirements for key resources, often including personnel, machinery, warehouse space, suppliers' capabilities, and, in some cases, finance.

 

RDBMS: Relational Database Management System. A software application that manages a structured collection of information, automatically maintaining defined data relationships, which can be accessed by simultaneous users to update or review data residing in the database.

 

RDI: Radio Data Interchange: see also RFDC.

 

RDR: Retail Delivery Record: paper-based delivery manifest.

 

Read Rate: The ratio of successful decodes by scanners or readers on first attempt to the total attempts.

 

Real-Time: The processing of data in a business application as it happens - as contrasted with storing data for input at a later time (batch processing).

 

Recall Management: Tracking of perishable, pharmacological, and other goods that might need to be recalled.

 

Receivable: Monies due from a vendor for an allowance such as Advertising. This money may be due monthly, quarterly, semi-annually or annually.

 

Receiving: The function encompassing the physical receipt of material, the inspection of the shipment for conformance with the purchase order (quantity and damage), the identification and delivery to destination, and the preparation of receiving reports.

 

Receiving Dock: Distribution centre location where the actual physical receipt of the purchased material from the carrier occurs.

 

Reengineering: 1) A fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in performance. 2) A term used to describe the process of making (usually) significant and major revisions or modifications to business processes. 3) Also called Business Process Reengineering.

 

Relational Database: Database organized and cross-referenced in rows and columns. Also, a software program that allows users to obtain information drawn from two or more databases that are made up of two-dimensional arrays of data. Not a hierarchical database. Retail Inventory: Inventory counted/extended using retail prices rather than actual prices or cost.

 

Relay: A load of merchandise that is hauled in stages until it is delivered to the final destination.

 

Replenisher: Lift driver responsible for replenishing prime slots using replenishment reports or labels.

 

Replenishment: The process of moving or re-supplying inventory from a reserve storage location to a primary picking location, or to another mode of storage in which picking is performed.

 

Replenishment Date: The date the replenishment is made.

 

Replenishment Lead Time: The time from the moment it is determined that a product should be reordered until the product is available for sale.

 

Replenishment Period: The time between replenishment orders. Also called replenishment interval.

 

Request for Information (RFI)

 

Request for Proposal (RFP): A document, which provides information concerning needs and requirements for a manufacturer. This document is created in order to solicit proposals from potential suppliers. For, example, a computer manufacturer may use a RFP to solicit proposals from suppliers of third party logistics services.

 

Request for Quote (RFQ): A document used to solicit vendor responses when a product has been selected and price quotations are needed from several vendors.

 

Resolution: The narrowest element that can be distinguished by a reading device or printed with a particular method within bar-code standards. Also the number of dots per inch in printers. A measure of graphic print quality.

 

Resource Driver: In cost accounting, the best single quantitative measure of the frequency and intensity of demands placed on a resource by other resources, activities, or cost objects. It is used to assign resource costs to activities, and cost objects, or to other resources.

 

Resources: Economic elements applied or used in the performance of activities or to directly support cost objects. They include people, materials, supplies, equipment, technologies and facilities. Also see: Resource Driver, Capacity

 

Retail Inventory: Inventory counted/extended using retail prices. See Retail Method.

 

Retail Method: An inventory valuation calculation that includes a percentage markup to the initial retail price. Also refers to accounting that involves such inventory valuations.

 

Retailer: A business that takes title to products and resells the m to final consumers. Examples include Wal-Mart, Best Buy, and Safeway, but also include the many smaller independent stores. Return disposal costs: The costs associated with disposing or recycling products that have been returned due to customer rejects, end-of- life or obsolescence.

 

Return Disposal Costs: The costs associated with disposing or recycling products that have been returned due to End-of-Life or Obsolescence.

 

Return Goods Handling: Processes involved with returning goods from the customer to the manufacturer. Products may be returned because of performance problems or simply because the customer doesn't like the product.

 

Return on Assets (ROA): A financial measure of the relative income-producing value of an asset.

 

Return on Investment (ROI): A financial measure of the relative value of an investment, usually expressed as a percentage, calculated by dividing earnings produced by the amount invested. See Payback.

 

Return on Net Assets: Financial measure calculated by dividing profit by assets net of depreciation.

 

Return on Sales: Financial measure calculated by dividing profit by sales.

 

Return Product Authorization: Also called Return Material or Goods Authorization (RMA or RGA). A form generally required with a Warranty/Return, which helps the company identify the original product, and the reason for return. The RPA number often acts as an order form for the work required in repair situations, or as a reference for credit approval.

 

Return to Vendor (RTV): Material that has been rejected by the customer or the buyer's inspection department and is awaiting shipment back to the supplier for repair or replacement. Returns inventory costs: The costs associated with managing inventory, returned for any of the following reasons: repair, refurbish, excess, obsolescence, End-of-Life, ecological conformance, and demonstration. Includes all applicable elements of the Level 2 component Inventory Carrying Cost of Total Supply Chain Management Cost

 

Reverse Logistics: A specialized segment of logistics focusing on the movement and management of products and resources after the sale and after delivery to the customer. Includes product returns for repair and/or credit.

 

RF: (Radio Frequency): On-line communication of data using radio-equipped computers.

 

RF Tag: Identification label capable of transmitting data via RF. Some tags also receive and store data.

 

RFDC: Radio Frequency Data Communications: data communications technology that is rapidly becoming the standard for real-time inventory control.

 

RFI: Request For Information: precursor to an ITT.

 

RFID: Radio Frequency Identification Data: electronic tags which replace conventional barcodes.

 

RFID Tag: Identification label capable of transmitting data via RF. Some tags also receive and store data.

 

RFP: Request For Proposal: document that invites bids or quotations from suppliers.

 

RFQ: See Request for Quote

 

RH&D: Receipt, Handling and Dispatch

 

RID Regulations for international movement of hazardous goods by rail. See also ADR, IMDG.

 

RL: Reverse Logistics: recycling and disposal.

 

RMS: Retail Management Systems

 

Ro/Ro: Roll-on/Roll-off: drive on ferry service for accompanied trailers. See also Lo/Lo.

 

ROA: See Return on Assets.

 

Robustness: Dependability of a system, product, or process to continue operating well even though conditions are constantly changing.

 

ROI: See Return on Investment.

 

ROS: Return on Sales.

 

Routers: Complex internetworking devices, typically more expensive than bridges. They use Network Layer Protocol Information within each packet to route it from one LAN to another.

 

RP: Requirements Planning: an alternative type of supply-driven logistics control technique to JIT (q.v.). See also DRP.

 

RPM: Revolutions Per Minute - measure of the speed of an engine.

 

RTP: Returnable Transit Packaging or Reusable Transit Packaging: re-usable transit systems - typically tote boxes, set hangers and roll cages (see also DRL).

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