Glossary of Terms
Businesses have differing levels of sophistication; some are advanced, and many are at the beginning of a journey. If you’re confused by any terms or terminology this glossary may help provide clarity. If you have questions, ProcurelyIQ has answers.
Reach out to us to get the answers you need.
ProcurelyIQ Glossary
- ABL
- Active
- Active Status
- Active Status Code
- Advance Ship Notice [ASN]
- AI
- API
- Application Programming Interface [API]
- Artificial Intelligence [AI]
- ASN
- Asset-Based Lending [ABL]
- Average Inventory
- BBC
- BI
- Bill of Materials
- Borrowing Base Certificate [BBC]
- Buffer Inventory
- Buffer Stock
- Business Intelligence Reporting [BI]
- Cash Flow
- Clearance
- Clearance Status
- Clickstream Data
- Client Relationship Management [CRM]
- Code 128
- COGS
- Collateral Audit Readiness
- Collateral Audits
- Collateral Quality
- Containerization
- Cost of Goods Sold [COGS]
- Covenant Performance
- CRM
- Customer Relationship Management [CRM]
- Cycle Count
- DASR
- Data Lake
- Data Warehouse
- Days at Supply Risk [DASR]
- Days on Hand [DOH]
- Days to Pay
- Dead Stock
- Discontinued Status
- Distressed Inventory
- DOH
- EAN
- EANs [EAN]
- Earnings Before Interest Taxes Depreciation and Amortization [EBITDA]
- EBITDA
- Economic Order Quantity [EOQ]
- EDI
- EDI 865 [ASN]
- Electronic Data Interchange [EDI]
- Eligibility Map
- Ending Inventory
- Enterprise Resource Planning [ERP]
- EOQ
- ERP
- European Article Number [EAN]
- Expired Inventory
- Expired Inventory Code
- Extensible Markup Language [XML]
- Field-Exam
- Field‑Exam Readiness
- Fill Rate
- Financial Planning & Analysis [FP&A]
- First Cost
- FOB
- FP&A [FP&A]
- Free on Board [FOB]
- Freight Forwarder
- GDSN
- General Ledger [GL]
- GIAI
- GL
- GLN
- Global Data Synchronization Network [GDSN]
- Global Individual Asset Identifier [GIAI]
- Global Location Number [GLN]
- Global Returnable Asset Identifier [GRAI]
- Global Trade Item Number [GTIN]
- GMROI
- GPROI
- GRAI
- Gross Margin Return on Investment [GMROI]
- Gross Profit Return on Investment [GPROI]
- GS1
- GS1‑Standard Barcode Symbology [GS1-128]
- GS1-128
- GTIN
- GTIN-8 [GTIN]
- GTIN-12 [GTIN]
- GTIN-13 [GTIN]
- GTIN-14 [GTIN]
- IMS
- Inbound Freight
- INCOTERMS
- Interleaved Two‑of‑Five, 14‑digit Barcode [ITF-14]
- International Commercial Terms [INCOTERMS]
- Internet of Things [IoT]
- Inventory Age
- Inventory Composition
- Inventory Composition
- Inventory Health
- Inventory Health
- Inventory Health Scoring
- Inventory Management System [IMS]
- IoT
- Item Attribute
- Item Attributes
- Item Attribution
- Item Status
- ITF-14
- JavaScript Object Notation [JSON]
- JSON
- Key Performance Indicator [KPI]
- KPI
- Landed Cost
- Landing Factor
- Lead-time
- Machine Language [ML]
- Maintenance-Repair-Overhaul [MRO]
- Make to Order [MTO]
- Make to Stock [MTS]
- Master Data Management [MDM]
- Master Data Management
- MDM
- Merchandise Hierarchy
- Minimum Order Quantity [MOQ]
- Min-Max
- ML
- MOQ
- MRO
- MTO
- MTS
- Natural Language Processing [NLP]
- Net Orderly Liquidation Value [NOLV]
- Net Realizable Value [NRV]
- NLP
- NOLV
- NRV
- Obsolete
- Obsolete Inventory
- ODM
- ODMs, Original Design Manufacturers [ODM]
- OEM
- OEMs, Original Equipment Manufacturers [OEM]
- On Time in Full [OTIF]
- OOS
- Open-to-Buy [OTB]
- Original Design Manufacturer [ODM]
- Original Equipment Manufacturer [OEM]
- OTB
- OTIF
- Outbound Freight
- Out of Stock [OOS]
- Point of Sale [POS]
- POS
- Proactive Procurement
- Product Mix
- Reactive Purchasing
- Receipts
- Reorder Point [ROP]
- Replenishment Logic
- ROP
- Safety Inventory
- Safety Stock
- Sales & Operations Planning [S&OP]
- S&OP [S&OP]
- Schema-on-Read
- Seasonal Inventory
- Seasonally Discontinued
- Seasonally Discontinued
- Season Code
- Serial Shipping Container Code [SSCC]
- SKU
- SKU Attribute
- SKU Data Accuracy
- SKU Lifecycle
- SKU-Loc
- SKU-Location [SKU-Loc]
- SKU Master Integrity
- SKU Productivity
- SKU Redundancy
- SKU Role Definition
- SOP
- SSCC
- Standard Operating Practice [SOP]
- Stock Keeping Unit [SKU]
- Strategic Sourcing
- Supplier Terms
- Temporarily Discontinued
- Temporarily Discontinued
- T/O
- Turnover [T/O]
- Universal Product Code [UPC]
- UPC
- UPC-A [UPC]
- UPC-E [UPC]
- Vendor Portal
- Warehouse Management System [WMS]
- WIP
- WMS
- Working Capital Exposure
- Work-in-Progress [WIP]
- XML
- ABL
- Active
- Active Status
- Active Status Code
- Advance Ship Notice [ASN]
- AI
- API
- Application Programming Interface [API]
- Artificial Intelligence [AI]
- ASN
- Asset-Based Lending [ABL]
- Average Inventory
- BBC
- BI
- Bill of Materials
- Borrowing Base Certificate [BBC]
- Buffer Inventory
- Buffer Stock
- Business Intelligence Reporting [BI]
- Cash Flow
- Clearance
- Clearance Status
- Clickstream Data
- Client Relationship Management [CRM]
- Code 128
- COGS
- Collateral Audit Readiness
- Collateral Audits
- Collateral Quality
- Containerization
- Cost of Goods Sold [COGS]
- Covenant Performance
- CRM
- Customer Relationship Management [CRM]
- Cycle Count
- DASR
- Data Lake
- Data Warehouse
- Days at Supply Risk [DASR]
- Days on Hand [DOH]
- Days to Pay
- Dead Stock
- Discontinued Status
- Distressed Inventory
- DOH
- EAN
- EANs [EAN]
- Earnings Before Interest Taxes Depreciation and Amortization [EBITDA]
- EBITDA
- Economic Order Quantity [EOQ]
- EDI
- EDI 865 [ASN]
- Electronic Data Interchange [EDI]
- Eligibility Map
- Ending Inventory
- Enterprise Resource Planning [ERP]
- EOQ
- ERP
- European Article Number [EAN]
- Expired Inventory
- Expired Inventory Code
- Extensible Markup Language [XML]
- Field-Exam
- Field‑Exam Readiness
- Fill Rate
- Financial Planning & Analysis [FP&A]
- First Cost
- FOB
- FP&A [FP&A]
- Free on Board [FOB]
- Freight Forwarder
- GDSN
- General Ledger [GL]
- GIAI
- GL
- GLN
- Global Data Synchronization Network [GDSN]
- Global Individual Asset Identifier [GIAI]
- Global Location Number [GLN]
- Global Returnable Asset Identifier [GRAI]
- Global Trade Item Number [GTIN]
- GMROI
- GPROI
- GRAI
- Gross Margin Return on Investment [GMROI]
- Gross Profit Return on Investment [GPROI]
- GS1
- GS1‑Standard Barcode Symbology [GS1-128]
- GS1-128
- GTIN
- GTIN-8 [GTIN]
- GTIN-12 [GTIN]
- GTIN-13 [GTIN]
- GTIN-14 [GTIN]
- IMS
- Inbound Freight
- INCOTERMS
- Interleaved Two‑of‑Five, 14‑digit Barcode [ITF-14]
- International Commercial Terms [INCOTERMS]
- Internet of Things [IoT]
- Inventory Age
- Inventory Composition
- Inventory Composition
- Inventory Health
- Inventory Health
- Inventory Health Scoring
- Inventory Management System [IMS]
- IoT
- Item Attribute
- Item Attributes
- Item Attribution
- Item Status
- ITF-14
- JavaScript Object Notation [JSON]
- JSON
- Key Performance Indicator [KPI]
- KPI
- Landed Cost
- Landing Factor
- Lead-time
- Machine Language [ML]
- Maintenance-Repair-Overhaul [MRO]
- Make to Order [MTO]
- Make to Stock [MTS]
- Master Data Management [MDM]
- Master Data Management
- MDM
- Merchandise Hierarchy
- Minimum Order Quantity [MOQ]
- Min-Max
- ML
- MOQ
- MRO
- MTO
- MTS
- Natural Language Processing [NLP]
- Net Orderly Liquidation Value [NOLV]
- Net Realizable Value [NRV]
- NLP
- NOLV
- NRV
- Obsolete
- Obsolete Inventory
- ODM
- ODMs, Original Design Manufacturers [ODM]
- OEM
- OEMs, Original Equipment Manufacturers [OEM]
- On Time in Full [OTIF]
- OOS
- Open-to-Buy [OTB]
- Original Design Manufacturer [ODM]
- Original Equipment Manufacturer [OEM]
- OTB
- OTIF
- Outbound Freight
- Out of Stock [OOS]
- Point of Sale [POS]
- POS
- Proactive Procurement
- Product Mix
- Reactive Purchasing
- Receipts
- Reorder Point [ROP]
- Replenishment Logic
- ROP
- Safety Inventory
- Safety Stock
- Sales & Operations Planning [S&OP]
- S&OP [S&OP]
- Schema-on-Read
- Seasonal Inventory
- Seasonally Discontinued
- Seasonally Discontinued
- Season Code
- Serial Shipping Container Code [SSCC]
- SKU
- SKU Attribute
- SKU Data Accuracy
- SKU Lifecycle
- SKU-Loc
- SKU-Location [SKU-Loc]
- SKU Master Integrity
- SKU Productivity
- SKU Redundancy
- SKU Role Definition
- SOP
- SSCC
- Standard Operating Practice [SOP]
- Stock Keeping Unit [SKU]
- Strategic Sourcing
- Supplier Terms
- Temporarily Discontinued
- Temporarily Discontinued
- T/O
- Turnover [T/O]
- Universal Product Code [UPC]
- UPC
- UPC-A [UPC]
- UPC-E [UPC]
- Vendor Portal
- Warehouse Management System [WMS]
- WIP
- WMS
- Working Capital Exposure
- Work-in-Progress [WIP]
- XML
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