Glossary

Accepted	The stock status, which indicates that the stock conforms to specifications and that it is fit for use.
Accepted Qty	Indicates the total quantity of items received and accepted in all Goods Receipt documents raised with reference to the Purchase Order.
Accepted Time Fence (Days)	That point in time within the planning horizon where suggested orders need to be accepted by the planner. Therefore action messages can be setup for the Planning run to identify all receipts in "suggested" status within the time fence (current date + time fence) and brought to the notice of the planner.
Account Balance	The balance amount available on a said date in any of the company’s accounts. It could be a balance in a bank account, customer account or supplier account.
Account Balance Revaluation	Reinstatement of foreign currency balance for a specific finance book, currency and financial period. It also includes accounts like bank account, Cash account and PTT control accounts.
Account Based Budgeting	An effective budgeting tool by which the expenditures can be controlled, tracked and revenues can be planned or optimized.
Account Based Note	A debit or a credit note that is raised for the difference in charges like freight or any overheads that have been incurred during shipment of material, rebates and price changes and for write off or write back of doubtful debts. This note could be raised on a customer or on a supplier.
Account Budget	A budget defined for exercising control action on the balance maintained in an account code. Budgets can be defined for all the account codes other than the control account type in the account currency.
Account Classification	An attribute under which an account code is classified. An account code can be classified as “Balance Sheet”, “Income Statement” or “Retained Earnings” depending on the financial statement in which it would be reflected.
Account Code	The code identifying an account in the general ledger system to which all the financial transactions are posted. This account code could be attributed with multiple properties based on the business requirements of a company.
Account Currency	An attribute of an account code. Ramco Enterprise Series posts financial transactions in this currency.
Account Description	A description of the account code.
Account Group	An attribute under which an account code is grouped. There are five different types of account groups like "Liability", "Assets", "Capital", "Revenue" and "Expenditure".
Account Level	The hierarchy level in which the account code is available in a multi-level chart of account structure. The maximum number of levels that can be maintained in a chart of accounts is 99.
Account Rule	The rule governing the financial postings of various material transactions, like receipts, returns etc.
Account Usage	Represents the account code to which financial postings would be made.
Acknowledgement Pending Qty	The quantity that is pending to be dispatched by the supplier against the schedule of the reference order.
Action Messages Horizon	The Period in future for which action messages are to be generated.
Activity (Discrete Production)	A well defined task or work to be completed by a particular resource, done essentially in one location.
Activity (Finance)	A basic unit of work within an organization.
Activity Absorption Plan (AAP)	The formula based on which the rate of the activity cost element can be retrieved. A typical example of an activity absorption plan would be to calculate the per hour run time rate of a boiler in a factory.
Activity Basis	The Basis used to arrive at time required for completing a job or work order. The basis may be fixed or variable.
Activity Cost Element	A type of cost element. It indicates the costs that rise out of production activities. Operation costs, direct operations labor and purchasing activity costs could be some typical examples of activity cost elements.
Activity Price Variance	[(Standard rate * Actual quantity of Activities) – (Actual rate * Actual quantity of Activities)] * Proportion attributed to Primary output item
Activity TimeType	Activity time type refers to the description of a sub-activity like setup, cleaning, production etc. Activity Timetype is the link between production and management accounting. Cost elements are linked to the activity timetype, which in turn are mapped to the subactivities Run, Setup and Batch. The activity timetype may be a Run Timetype, Setup Timetype and Batch Timetype, or any combination of the above.
Activity Usage Variance	(Standard Rate * Standard quantity of activities) – (Standard rate * Actual quantity of Input Items)
Actual Closing Balance Qty	It is the actual physical quantity of the item lying with the subcontractor at the end of the period for which reconciliation is done
Actual Demand	Customer orders (and often allocation of items, ingredients, or raw materials to production or distribution). Actual demand nets against or “consumes” the forecast, depending on the rules chosen over a time horizon. For example, actual demand will totally replace forecast inside the sold out customer order backlog horizon (often called the demand time fence) but will net against the forecast outside this horizon, based on the chosen forecast consumption rule.
Actual Qualitative Value	This is the actual value for the attribute which is of type qualitative for the lot no or serial no of the item
Actuals	The definite cost that has been incurred for a specified range of accounting periods.
Additional Charges	The sum of applicable taxes and charges after deducting discounts in the transaction currency that is payable to that is payable to the Pay To supplier. This is in addition to the basic material value payable.
Address ID	Unique identifier referring to a particular physical location of the supplier
Adhoc Class	User defined classification of miscellaneous items for the purpose of procurements.
Adjustment (Inventory)	The transaction for correcting the stock discrepancy (both qty and value) between the physical and actual stocks.
Adjustment (Finance)	The process in which debit documents are adjusted against the credit documents of the same customer / supplier, customer group or hierarchy. This process can be done manually or also automated by the system.
Adjustment Amount	The amount to be either credited or debited in case of a differential quantity being settled in monetary terms with the subcontractor. This is calculated as the Adjustment Quantity multiplied by the Adjustment Rate.
Adjustment Entry	A financial entry posted in the “Main” finance book and the “Consolidation” finance book of the company to eliminate inter finance book or inter company transactions.
Adjustment Issue Qty	The quantity issued in the period as per the Material adjustment action specified in the Reconciliation report of the previous period.
Adjustment Point	The organization unit in which the adjustment of debit and credit documents raised on a customer / supplier is made.
Adjustment Rate	The rate at which the differential quantity is being reconciled with the supplier financially, in terms of either a credit note or a debit note.
Advance	It is the advance amount paid by the customer for an order.
Advance Payable	The amount payable to the supplier as an advance prior to material receipts.
Advance Receipt	A type of receipt raised on a customer for a payment received before the supply of material is made.
Advance Shipping Notification	An advance shipping notification is a document containing the shipment details which is sent to the customer prior to shipment.
Advance Tolerance %	The amount of positive deviation in terms of percentage that the advance payment can take from its specified value.
Aggregate Budget	A comprehensive budget that is defined for a date range. This budget can be split among the MAC periods that are present in the effective date range as per specific seasonality patterns.
Agreement	An Agreement is a general agreement, which contains limited information such as Price List, Currency, Pay term & Price List validity period. This information will be used to create a Reference Sale Order.
Allocable	If a stock status is defined Allocable it implies that physical stock of an item in this stock status can be allocated against a order
Allocated	The stock status, which indicates that the stock has been assigned to a specific order for future orders.
Allocated Qty	Indicates the quantity of an item that can be purchased by an Release Slip organisational unit with reference to a given Blanket Purchase Order line number
Allocated Value	Indicates the total Blanket Purchase Order amount allocated to an organsational unit for the procurement of material with reference to the BPO in question.
Allocation	The process of distributing the burden of costs from the cost centers which have been initially charged to the cost centers that have received services from them, as a periodic activity, based on distribution ratios or certain allocation bases.
Allocation %	The percentage of cost to be transferred from the source cost center’s cost element to the target cost center cost element.
Allocation	Allocation refers to assigning the stock for future use for a specific order . It represents the unissued qty in stock
Allocation Basis	The basis on which costs need to be allocated from one cost center to one or more cost centers based on certain cost center parameters both value and quantity parameters, for example number of employees, floor apace area etc.
Allocation Cost Element	The type of cost element that can be used as a basis for the allocation process. Number of employees, number of labor hours worked and the number of miles traveled could be typical examples of allocation cost elements.
Allocation Horizon (Days)	Duration in days (into future), to which physical stock can be hard allocated is called Allocation Horizon (Days)
Allocation Journal	A report by which the details of a simulated allocation can be viewed.
Allocation Preview	Displays the results after simulating allocations defined for that period, as actual allocations are effected only on the closure of the period.
Allocation Simulation	Process, which simulates the result of the allocations that have been defined. They can be viewed through the allocation journal report. This helps you to make any modifications in the allocation logic before the actual allocation. The actual allocation is irreversible and is invoked before closing of a period.
Allow Back dated Pricing	This is a system parameter which when set to 'Yes' allows to create price lists before the system date
Alternate Rate	The alternate rate that can be used for estimating a particular production activity performed by a cost center. There could 8 such alternate rates for a production activity.
Alternate Rate Type	There is one standard rate for an activity element and a cost center and upto eight alternate rates. The standard and the alternate rates can be used to represent different absorption rates for example, full cost rate, the marginal cost rates, and target or future rates, to achieve different costing.
Alternate Segment	A type of segment in which finance books are logically grouped for a product or geography. There could be multiple alternate segments for a company. A finance book could also be grouped under multiple alternate segments.
Alternate Structure	A type of cost center structure. It indicates that is a cost center structure that is available apart from the default structure for a said period of time.
Amendment No	Indicates the number of revisions done to an existing document. System will always display the latest revised document.
Analysis Budget	A budget defined for an analysis code. This helps in the analysis of the variance between the budget amount and the utilized amount of a budget.
Analysis Code	The code identifying the analysis of a budget. It compares the actual amount and the utilized budget amount and also records the variances. Analysis codes cannot be defined for control accounts, retained earning accounts, automatic posting accounts or capital accounts. An analysis code could also consist of multiple sub-analysis codes.
Analysis Tool	Define column structures and uses them to analyze the costs incurred for a cost center grouped under a particular cost element structure. This reporting process provides flexibility in defining the format and the contents of the report, which also includes contribution analysis report.
Anchor Date (Discrete Production)	Start date from which forecast demands are generated
Anchor Date (Finance)	The date from which the liability of a debit document is calculated.
Applicable Identification Reference	This refers to the agencies which give product identity codes lie EAN, DUNS etc
Approval Limit	The upper limit of an order/request document value upto, which a specified approver can authorize.
ASN	Advance Shipping Note (ASN) is a document, which provides information about the despatch details of material at each stage of the delivery route until it reaches its final destination.
Asset Book Value	The difference of the original asset cost and its cumulative depreciation.
Asset Class	A heading under which assets must be classified in the financial statements and books of accounts. “Plant and Machinery”, “Furniture and Fixtures” are typical examples of asset classes.
Asset Cost	The original cost price of an asset.
Asset Group	A hierarchical structure under which assets are classified for the purpose of monitoring and MIS. The manufacturer from whom the assets have been purchased or the models of the assets are typical examples of an asset group.
Asset Location	A physical place in which the asset is placed within or outside a company. This location can be created in a hierarchical manner.
Asset Location Type	Assets can be positioned at different locations based on business requirements. “Customer Location”, “Contractor Location”, “Corporate Office”, “Distributor Office” or “Franchisee Location” could be typical examples of different types of asset locations.
Asset Proposal	Specific financial approval for purchase or disposal of asset. A proposal could be of two types – “Acquisition Proposal” and “Retirement Proposal”. Acquisition proposals are based on sanctioned budgets.
Asset Tag	Sub classification of assets for the purpose of inventory. Asset tags are the independently identifiable elements within an asset having separate value.
Assignment Details	The information pertaining to the allocation of the received material to the respective end consumptions points where applicable.
ATP	The “Availability To Promise” information indicates the expected availability of stock based on the promised date to meet the ordered quantity.
Attribute	Attributes are characteristics of items. They can be expressed in quantitative terms like density, diameter etc or qualitative like color etc.
Attribute Code	Unique code that represents a specific aspect of the item. Example, Weight, Color, Specific Gravity etc.
Attribute Type	Indicates the nature of the quality attribute. It can be either Quantitative or Qualitative.
Authorized Quantity	The number of units of the requested item that was authorized for actual procurement.
Auto Debit Note	Option to automatically debit the total value of the GRN to the supplier's account.
Auto Invoicing	The option provided to a user to indicate that a Supplier Order based invoice should be raised automatically at the appropriate time (Order processing / Receipt Acknowledgement) based on the matching type set for an Order line item.
Automatic Posting Account Type	An attribute of an account code. All financial entries that are posted in this type of account code are automatically cleared by the system. A “Stock Suspense” account is a typical example of this account type.
Available Capacity	The hours for which the resource is available on a given day with due considerations to the resource calendar.
Available to Promise (ATP)	The uncommitted portion of an inventory and planned production, maintained in the master schedule to support customer order promising.

Back Flushing with Confirmation	If an item is marked Back Flushing with Confirmation then reporting has to be done for consumption/production before an automatic back flush issue/receipt is done.
Backflushing	The deduction from inventory records of the component parts used in an assembly or subassembly by exploding the bill of materials by the production count of assemblies produced.
Backward Scheduling	A scheduling technique where the scheduler proceeds from a known due date of the order and computes the starting date or due date for each activity in the work order, usually proceeding from the last activity to the first.
Balance Operation	Defines the number of operations or activities that are yet to be processed
Balance Operation Time	Defines the time required to process the balance operations or activities
Balance Qty (BPO)	Indicates the balance quantity of items available for an organisational unit to generate Release Slips.
Balance Qty (PO)	The quantity of the item yet to be received from the supplier.
Balance Qty in Release Slip UOM	The quantity of items in the referred Sale Order or the Purchase Request that is yet to be ordered. It's the Sale Order Balance Qty or the PR Balance Quantity expressed in Release Slip's UOM.
Balance Sheet	A financial statement that lists down the assets owned and liabilities owed by a company on a said date.
Balance Transfer	The process in which account balances are transferred from one customer / supplier to another during major takeovers, mergers or whenever a customer / supplier closes business. The debit and the credit balances can be transferred for a customer. Balance can be transferred between different finance books also
Balance Type	The type of outstanding customer balance used for credit rating. It could be “Debit Balance” or “Net Balance”.
Balance Value	Indicates the balance amount available (in transaction currency) for a Release Slip generating organisational unit to generate Release Slips against a given Blanket Purchase Order.
Bank Account No	A unique number identifying a bank account. The bank assigns this account number.
Bank Book	The book containing details pertaining to the bank accounts maintained by the company. This book will reflect the transactions that have affected the balances, the receipts deposited and payments made from the bank account number.
Bank Charge	The charges incurred by the bank for certain transactions. These charges can be defined based on the type of the charge incurred and the mode of payment.
Bank Clearing No	A unique number allotted to a bank by the central bank of the country. This number is used while sorting inter-bank transactions at a check-clearing center.
Bank Code	A unique code defined for a bank account in a finance book. A bank code must be mapped to a finance book.
Bank Reconciliation	A process of resolving discrepancies between the bank books and the statement received from the bank. This process could be manually done or automated.
Bank Reference	An entity that contains general information regarding the bank like the contact details, the type of the bank etc.
Bank Statement	A document received from the bank containing details of all the transactions that has occurred in the bank account during a time period including it’s opening and closing balance. This is sent to a customer at periodic intervals or on demand.
Base Currency	The currency in which a company transacts and maintains its finance books basically.
Base Currency Exchange Rate	The exchange rate of a foreign currency with respect to the base currency of the company.
Basic Activity Element	For a cost center, this is the activity element, whose output volume drives all the costs that are variable in that center. This is used for flexible budgeting and is available only when the flexible budgeting option is chosen in the Process Parameters in cost budget component.
Basic Value	The amount in transaction currency arrived at as ' (Quantity * Cost)/Per'
Basis Weightage	The method in which the cost from one cost center is distributed among other cost centers. It could be distributed based on a ratio, percentage or on a cumulative basis.
Batch Cap Units	The capacity of the resource that is required during the batch sub-activity
Batch Control	To enable the numbering of the produced batches of an item, to enable future tracking of the item.
Batch Qty	The quantity of the item required during the batch sub-activity
Batch Time	The time duration required for the batch sub-activity
Behavior	Indicates the attribute of the cost element namely, fixed and variable. Cost elements can be fixed or variable in nature with respect to the volume of production.
Bill & Hold Document	It is a document against which invoice is generated for bill and hold items.
Bill of distribution	The planned channel of inventory disbursement from one or more sources to field warehouses and ultimately to the customer. There may be one or more levels in the distribution system.
Bill of Material	It is a listing of all subassemblies, intermediates, parts, and raw materials that go into a parent assembly showing the quantity of each required making an assembly. An explosion of bill of material into the total of each of the components required to manufacture a given quantity of a higher assembly or sub-assembly
Bill of resources	The list of required capacity on key resources needed to manufacture a unit of selected item. Bill of resources is used for RCCP.
Bill To Customer	The customer code of the customer to whom bills and statements must be sent.
Bill to ID	The address identification code of the customer where the bills and statements are to be sent
Billed Amount	The value corresponding to the quantity of items, which have been invoiced by the supplier.
Billed Qty.	Quantity of items from the ordered quantity for which invoice on suppliers has been raised.
Billing Point	The organization unit from which invoices have been raised for the customer.
Blanket Order Type	Indicates the nature of the subcontracting process viz. Conversion, Service or Activity.
Blanket Payment	Indicates one-time upfront premium payment made for the insurance policy.
Blanket PO Balance Qty	The remaining quantity of a Blanket PO line that can be utilized for generation of release slips across all the identified Utilization locations.
Blanket PO Balance Value	The remaining amount that can be utilized for generation of release slips with reference to the Blanket Purchase order
Blanket PO Qty	The quantity of a line item in the BPO for which a contract has been entered into with the supplier.
Blanket PO Type	Indicates the nature of procurement in the Blanket Purchase Order, viz., General, Capital, Dropship or Consignment category.
Blanket PO Value	Cumulative amount of the total value of each line item in the BPO in the transaction currency.
Blanket Sale Order	A Blanket Sale Order is a long-term schedule of a list of items with the agreed rate. Sale Orders are raised on the basis of Blanket Sale Orders by creating a Release Note.
Blanket SCO Bal. Qty.	The remaining quantity of an item in a Blanket Subcontract Order that can be ordered through Subcontract Release Slips across the identified utilization locations.
Blanket SCO Balance Value	The remaining amount that can be utilized for generation of Subcontract release slips across the identified utilization locations with reference to a given Blanket Subcontract Order.
Blanket SCO Value	Cumulative amount of the total value of each line item in the BSCO.
BOM Applicable in Other UOM	A BOM is specified for a subcontracted item and for a specific UOM of that item. This flag indicates whether or not the specified BOM is applicable for the same item when ordered in another UOM.
BOM Modifiable in SC Rel Slip	Indicates whether or not the Bill of Materials (BOM) details specified in the Blanket Subcontract Order are modifiable during Subcontract Release Slips creation.
BOM Reference	The unique code identifying the Bill of Material for the subcontracted item. It consists of specific inputs to the process and outputs of the process and the corresponding quantities.
BOM Reqd.	Indicates whether or not the item to be subcontracted is be governed by a specific Bill Of Material.
Bottleneck	A facility, function, department, or resource whose capacity is equal to or less than the demand placed upon it. For example, a bottleneck machine or work center exists where jobs are processed at a slower rate than they are demanded
Bounce Instruments	Indicates that the financial instrument has been returned from the bank for various reasons.
Break Even Point	The break-even point is a point where the total sales are equal to the total cost incurred by the organization. At this stage of operation there is neither profit nor loss for the organization.
BSCO Balance Quantity	The remaining quantity of items that can be utilized for generation of release slips with reference to the Blanket Subcontract order
BSCO Qty.	Indicates the contracted quantity of an item to be subcontracted with reference to a given Subcontract Order.
Bucket Qty	The quantity required for each of the time period or buckets specified.
Bucket Quantity	The quantity that represents the forecast quantity of the item for each bucket.
Budget	A budget is a desired plan of operation for some specific period. It is a predetermined plan of action developed and distributed as a guide to current operations and as a partial basis for subsequent evaluation of performance.
Budget Id	Unique identifier for a purchase budget associated with the purchase of an item.
Budget Organization Unit	The organization unit for which the cost budget is defined.
Budget Quantity	The total quantity of the item that can be ordered against the referenced budget.
Budget Requirement	Yearly requirements for allocation of capital budget for each finance book.
Budget Span	The date range for which the cost budget is defined.
Budget Type	Budgets can be of three types namely, Value, Quantity or Both. Cost Center budgets are of the type "value" and product cost budgets are of type "both" only. While the cost center-cost element and cost center product budget can be of any type.
Budget Version	A budget can have any number of versions and is always identified by its version no.
Bulk Copy	This enables the user to copy the MAC calendar and entities like cost center and cost element from one business unit to another.
Burden Basis	The basis on which the additional costs are included along with the direct cost of manufacture of items. It could be a “Percentage” or a “Flat Amount”.
Business Function Group (BFG)	A logical grouping of business components that have related business functionality.
Business Segment	A type of segment in which unique finance books are logically grouped for a product or geography. There could be only one business segment for a company.
Business Unit (BU)	A logical division of an organization having similar sets of policies and procedures. A business unit could be an operations entity made up of a set of closely inter-dependant organization units which have significant commonality in terms of materials used, manufacturing resources, operational control, planning, policy setting etc.
Buying Limit	The limit which a contact person can buy on behalf of the customer
Byproducts	A material of value produced as a residual of or incidental to the production process. The ratio of by product to primary product is usually predictable. By-products may be recycled, sold as is, or used for other purposes.

Calculated Consumption Qty	The expected consumption qty of the issue item calculated as per the BOM referred for the received qty of subcontract item. For example, if the received Qty of the SC item in the Reconciliation Period is 10Nos. and the Issue item as per Issue list is 1No per 2nos of SC item then Calculated Consumption Qty is = 10/2 = 5 nos.
Calculated Receipt Qty	The sum of the expected receipt quantities of the secondary O/P item calculated as per the respective Receipt List specified for subcontract items for which the item is the secondary O/P.
Capacity Basis	The Basis used to arrive at capacity required for a job or work order. The basis may be fixed or variable.
Capacity Check At	The work order status at which the capacity of the resource needs to be checked. Critical resources will be checked at a very stage, while non-critical resources may be checked as late as possible, or be ignored for capacity planning.
Capacity Difference	Difference between the available capacity and required capacity
Capacity Plg Type	The categorization of resources as discrete (I.e. resources that can handle only one job at a time) or aggregate (I.e. resources that can handle more than one job at any given point of time)
Capacity Requirements Planning (CRP)	The function of establishing, measuring and adjusting limits or levels of capacity
Capacity Units	The capability of a resource to produce a quantity of output in a particular time period.
Capacity-check at	The work order status at which the capacity of the resource needs to be checked. Critical resources will be checked at a very stage, while non-critical resources may be checked as late as possible, or be ignored for capacity planning.
Capital	These are basically capital items like machinery, building etc. These items can be purchased and can be sold sometimes. But these items cannot be planned
Capital Budget	Yearly planned amount allocated for acquisition of fixed assets.
Capital Journal	Document used to account any non capital amount that are to be accounted as part of the asset cost
Capital Warehouse	The place where capital items and capitalizable items are stored. A capitalizable item is an item of type other than capital which is intended for capital usage
Capital WIP	Document used to accumulate capital purchases based on some common criteria and later on capitalize it to an asset.
Capitalization	Accounting and assigning properties for the asset purchased by the enterprise.
Capitalization Date	The date on which the asset purchased has been accounted in the books of accounts
Carrier	Caries is the transportation company, agent or company owned transport for delivering the items to customer.
Carry Forward Budget	The process in which a budget defined for a financial period is carried forward to another financial period. The financial period in which the budget was created must be in a “Closed” status during the process.
Carry Forward Qty	This is the quantity which is carried forward as the opening balance qty for the subsequent reconciliation period
Cash Book	The book containing details pertaining to transactions like cash payment or receipt. This book will reflect the transactions that have affected the cash balance of a company.
Cash Code	A unique code defined for a cash account in a finance book. A cash code must be mapped to a finance book.
Category	Categories are user defined metadata values.
Change Allowed	Indicates whether the issue quantities of the input items can be changed.
Chart of Accounts	A chart of account is a framework in which account codes are maintained in a finance book. A company can have two different type of chart of accounts – “Operative” and “Reporting” chart of accounts.
Child Company	A company, which is present at a lower level in the company hierarchy structure and controlled by a parent company.
Claim Amount	The amount that can be claimed from an insurance company to cover the damage of the insured asset.
Class Code	Unique code identifying the Class, which are pre defined entities used to facilitate custom classification of master and transaction entities.
Closing Balance	The balance reflected in a document or statement as on the end date of the period for which the document is maintained or generated.
Closing Balance Qty	The unconsumed quantity of an item procured on consignment basis from a supplier that is carried forward into the next consumption reporting period.
Closing Balance Value	The value of the unconsumed quantity of an item procured on consignment basis from a supplier that is carried forward into the next consumption reporting period.
Closure	The process, which prevents financial entries of a particular business function from being posted in a finance book. “Finance Book“ closure, ”Receiving function calendar” closure, “Pay roll function calendar” closure and so on are typical examples of this process. A closure takes place for a financial year / period.
COD Sale Order	A Certificate of Delivery Sales Order is a type of order where billing will happen only on receipt by the customer
Collection Point	The organization unit from which the payment was collected.
Collector Code	The code identifying the employee or the name of the employee or collection agent who collected the payment from the customer.
Commercial Evaluators	Name of the assessor or agency who would evaluate the commercial aspects of the quotation received from suppliers.
Committee	An approval level indicative of a set of individual approvers. A document approved by a Committee is one, which has been approved by all members belonging to the said Committee.
Company	A commercial organization, which conducts business. It can be an entity defined in any level of the company hierarchy structure, for which the Ramco Enterprise Series system can operate. It can also be treated as a legal entity, which can independently co-exist without any transacting relationship.
Company Calendar	A Calendar consisting of the working days and holidays defined for an organizational unit
Company Consolidation	The type of consolidation process wherein the account balances maintained in the “Main” finance book of the child companies or the parent company is aggregated in the “Consolidation” finance book of the parent company.
Company Identification Agency	Name of the rating agency, consultancy or an Institution, which evaluates an organisation based on certain parameters and assigns an identification number to it for the purpose of credit rating.
Company Identification Reference	An internationally accepted reference to assess the credibility of the customer. Example, DAN, Crisil, etc.
Competitive Bidding	Process of requesting price quotations on the same set of items and terms and conditions from all selected suppliers and using the same set of criteria to evaluate them.
Conditionally Accepted	The stock status which indicates that the stock does not conform to the specifications fully but can be used under certain conditions
Confidence %	The percentage that represents the confidence level of the forecast.
Consider Cost Items On	Indicates the type of costs that can be considered during cost rollup. It could be “Standard Cost”, “Last Purchase Price” or “Manual Entry”.
Consignment Adjustment	The consignment adjustment is a document to record the discrepancies between the actual and the system recorded quantity for a consignment customer.
Consignment In Customer	The stock status which indicates that stocks supplied by customer which have to be part of the finished goods to be supplied to him.
Consignment In Supplier	The stock status, which indicates, that stocks bought from supplier on consignment basis. The organization is liable to pay only when stock is consumed.
Consignment Inventory	To indicate if items are to be procured on consignment basis.
Consignment Out Customer	The stock status, which indicates that stocks have been sold on consignment basis. Customer is liable to pay only when he consumes the material.
Consignment Register	Component to track purchases made on consignment basis, the consumption of these items and the corresponding amounts payable to the respective suppliers.
Consignment Rule	Indicates the basis on which the liability for the goods consumed would be calculated viz. Break lot, Consumption. If the value is 'Consumption' then liability is consumed for the actual consumed quantity. If the value is 'Break Lot' then liability is created for the entire lot quantity even if a partial lot quantity is consumed.
Consignment Sale Order	A Consignment Sale Order is a type of sale order for items, which are sold on consignment basis.
Consignment Warehouse	It is a virtual warehouse that is fixed at the OU where the consignment stock is maintained
Consolidation	The process in which account balances are consolidated to retrieve financial statements for the company for a financial year or period. In Ramco Enterprise Series, two types of consolidations – “Finance Book” consolidation and “Company” consolidation are possible.
Consolidation Account Code	The code identifying an account in which entries can be posted in the “Consolidation” finance book of the company.
Consolidation Chart of Accounts	A chart of accounts defined for the “Consolidation” finance book of the company, similar to an “Operative” chart of accounts.
Consolidation Finance Book	The type of finance book in which the consolidation of all the financial information of the “Main” finance books available in the various child companies takes place. This is the highest level in the hierarchy of finance books. Every group company must have only one finance book of this type.
Consolidation Run No	A unique number assigned to the consolidation process run.
Consolidation Status	The status of the consolidation process. It could be “In progress”, “Consolidated” or “Not Consolidated”.
Consolidation Voucher	A voucher posted in the finance books subsequent to the consolidation process.
Consumable	These are the items, which will be consumed in the process of manufacturing like Electrodes. These can be planned and purchased and used in production.
Consumed Qty (Purchase)	The sum total of ordered quantities in all Release Slips that have been created with reference to the BPO.
Consumed Qty (Discrete Production)	The total quantity of each of the bill of material component used in the production process to make the parent.
Consumption Qty	Indicates the total consumed quantity of an item in 'Inward consignment' status from the specified supplier during the period for which the consumption report is made.
Consumption Report	Provides details on the consumption of items procured on consignment basis with respect to a specific supplier for a given time period.
Consumption Tol Qty (-)	The negative tolerance limit that can be permitted in the reported production quantity against the issued quantity
Consumption Tol Qty (+)	The positive tolerance limit that can be permitted in the reported production quantity against the issued quantity.
Consumption Value	Indicates the value of the total consumed quantity of an item in 'Inward consignment' status from the specified supplier during the period for which the consumption report is made.
Contact Person (Purchase)	Name of the contact person at the supplier's location.
Contact Person (Sales)	Contact person can be on half on the customer or the organization. They act as the interface.
Contract	Long-term orders are referred to as Contracts. Contracts are of two types - Blanket Sale Order and Agreement
Contract Type	The nature of a Blanket Purchase / Subcontract Order, whether it is a Rate Contract, or a Value Contract or a Quantity Contract.
Contribution Analysis	An analysis involving contribution, which is the revenue after taking, the variable costs incurred into consideration. This indicates the amount available to contribute towards the fixed expenses and provide for the profits.
Control Account Type	An attribute of an account code. Specific financial transactions are posted in the account code of this type. “Supplier Payables”, “Supplier Prepayment” or “Supplier Deposit” are typical examples of this account type.
Control Unit	A responsibility center in production that is authorized to carry out different tasks under its purview based on the information it possesses.
Conversion Factor	Conversion Factor links 2 UOMs by denoting how many units of one makes 1 unit of the other uom.
Co-products	Product that is usually manufactured together or sequentially because of product or process similarities.
Cost	Value/rate of the item. To be read in conjunction with the value of 'Per'. For example, cost can be specified as "30 USD for 12 pcs", where 30 is the 'Cost', USD is the 'Currency', 12 is the value of 'Per' and pcs is the 'UOM' of the concerned item.
Cost Allocation	The process in which costs incurred by a cost center are allocated to other cost centers for which some service was rendered on a periodic basis.
Cost Budget	An operational cost plan that is defined for an organization.
Cost Burden	A stage in the Cost Rollup process when a flat amount or percentage is added to the cost considering any additional cost like overheads.
Cost Center	An entity into which a business organization is demarcated for the purpose of costing. Cost centers are defined based on the reason for their incidence or according to the area of responsibility. A department of a company, equipment, an individual employee or a group of individuals could be typical examples of a cost center. A cost center could be of types – “Detail” or “Group”.
Cost Center Rule	A rule that would default cost centers during transactions based on parameters defined by the user.
Cost Center Structure	Cost center structure represents the cost center hierarchy. As cost centers also act as responsibility centers and transactions are recognized only for detail cost centers, the aggregation of costs for any group cost center can be obtained by the definition of cost center structures. Multiple structures can be defined and reports can be extracted based on them. Two types of cost center structures are – ‘Default’ or ‘Alternate’.
Cost Center/Unit Type	Cost centers/units are responsibility centers. The responsibility of all costs incurred for the center is assigned to a person. Cost centers/units can be of different types based on the definition type in the Set Parameters in Cost Setup, namely production cost centers, service cost centers, administration cost centers etc.
Cost Element	An entity by which costs are identified. A cost element monitors major costs incurred at a cost center. For example, if the finance department of a company has been defined as a cost center, the cost elements defined for it would be salary of the employees, audit fees, interest charges, printing and stationery or electricity charges.
Cost Element Structure	Cost element structures represent the flow of cost for a cost center through the cost elements. These help in grouping a range of cost elements to accumulate the costs relevant to a cost center.
Cost Element Type	Three types of cost elements can be defined in Ramco MAC namely, normal cost elements, allocation cost elements and activity cost elements.
Cost Rollup	It is a process in which the cost of the manufactured items is calculated that is, finished goods and intermediates based on product recipes and standard duration taken for production. Apart from yielding the unit cost for the items the process also results in giving break up of the unit cost in terms of the component cost elements. This process is done in three stages – “Explosion”, “Processing” and “Rollup”.
Cost Unit	An entity defined for measuring the costs on a wider level than a cost center. Cost units can be defined for entities like products, services, projects, customers, brands, activities etc. A cost unit is defined more for the purpose of analysis and reporting.
Count Interval	The time interval between two counts (Physical inventory or Cycle Count) for a specific item-variant in a specific warehouse-zone.
Count Quantity	Count Quantity refers to the quantity that is verified to be in stock after counting of physical stock in warehouse as part of PI or CC.
Count Tolerance	This refers to the limit below which adjustment is not necessary even in case of stock discrepancy during physical inventory and cycle counting. Adjustments can be passed only when the discrepant qty is between the count and recount tolerances.
Coverage Days	The number of days for which stock on hand would be sufficient to meet demand.
Covered Qty	Quantity of items in the PR that has been ordered for in the PO.
Credit Bucket	A logical division of the time period for which a payment remains outstanding from a customer.
Credit Check	The process of evaluating the credit worthiness of a customer
Credit Check Action	The action to be taken if the customer fails to adhere to the credit terms agreed upon.
Credit Cost Element	This is a normal cost element which when used collects the costs being allocated from one cost center to another. The objective of using this is not to affect the balances of allocating elements while the amount being allocated is credited to the credit cost element. This enables extraction of meaningful reports. This option is set in the Set Parameters in Cost Allocation component.
Credit Limit	The maximum limit till which a company can withdraw from a bank account. The purpose of this limit is to keep a check on the account balance so that it does not exceed the limit specified by the bank.
Credit Term	A set of credit policies applicable and mapped to various customers
Cross Currency Exchange Rate	The exchange rate of a currency with respect to another currency derived based on an intermediate cross currency.
Critical ratio	The ratio between the time available to process an order and the processing time for the order. This is calculated considering the base date and time.
	Critical Ratio = [Due Date - Present Date] / [Remaining Processing Time]. A ratio less than 1.0 indicates the job is behind schedule, a ration greater than 1.0 indicates the job is ahead of schedule, and a ratio of 1.0 indicates the job is on schedule.
Cumulative Depreciation	Sum of depreciation provided as on date (latest date of preparation of financial statements) from the in service date of the asset
Currency Denominations	The denominations, which are defined for a currency. For example, Dollars are available in the denominations of 1, 5, 10, 20, 50, 100 and so on.
Currency Sub Units	The number of smaller units of denomination, which when grouped together forms one unit of a currency. For example, “Cents”, “Quarters”, “Dime” are the sub-units of a US Dollar.
Currency Symbol	The symbol identifying the currency as defined by the International Standards Organization (ISO).
Current Accuracy (%)	This factor gives the accuracy of physical stocks with respect to the system stock. This is normally taken from the previous physical count.
Custodian	The person responsible for the upkeep of the asset
Customer Code	The code identifying the customer belonging to the customer group
Customer Name	The name of the customer corresponding to the customer code.
Customer Order based Invoice	An invoice that is raised when a sale order is raised based on a purchase order received from a customer.
Customer Receipt	An acknowledgement raised on a customer for a payment received.
Customer Registered At	The organization unit in which the details of the customer is available.

D&B Rating	A number indicating the Dun and Bradstreet rating for the customer.
Day Type	A method of classifying the working days and non-working days
Debit Cost Element	The code identifying the cost element against which the debit entries of the cost allocation process are made.
Debit Note Amount	Amount to be debited to the supplier. It is the product of Debit note Qty and return rate.
Debit Note Qty	The number of units of the returned item whose value is debited to the supplier.
Declaration Period	This is a subset of a declaration year. The span of a declaration period must be within the span of the declaration year to which it is associated.
Declaration Year	The duration of time for which VAT details are reported to the statutory authorities. This year could differ from the calendar year and could be divided into multiple periods.
Default Budget	A default budget is that which is used for deriving standard rates for the activity elements. This definition is enabled only when default budget option is selected in Set Parameters in Cost Budget component. There can be only one default budget for a given period for a cost center-cost element combination.
Default Financial Statement Layout	The format in which financial statements like “Balance Sheet”, “Income Statement” or “Cash Flow Statement” are presented in the Ramco Enterprise Series. This format has been prepared based on the US GAAP.
Default Structure	Certain cost center structures are defined as default structures if they are to be used as default information for extracting reports in the absence of any specific structure specified.
Definition Type	Indicates the type of entity for which a cost budget can be defined. It could be for a “Cost Center”, “Cost Center – Cost Element”, “Cost Center – Product” or “Cost Element – Product”.
Delivery Area	It is the geographical classification of customer addresses
Delivery Charges Invoice	An invoice that is raised for the delivery charges that have been incurred for a goods receipt document and payable to a supplier other than the supplier on whom the purchaser order has been raised.
Demand Time Fence (Days)	Indicates that point in time inside of which forecast is no longer included in total demand and projected available inventory calculations; Inside this point only customer orders are considered (current date + time fence). It can be a point in the past or future.
Demand Type	The various demand streams including sales forecasts, sales orders, inter warehouse requirements, production forecasts and dependent demands generated in the MRP process
Department	Partition in the company / factory / shop floor based on the operation being performed
Dependent Demand	Demand that is directly related or derived from the bill of material structure for other items or end products. Such demands are calculated and need not be forecasted for.
Deployment	The installation of an entity or business component in an organization unit.
Deposit Receipt	A type of receipt raised on a customer for a payment received as security for the material given on hire or for the transactions that are to take place.
Depositing Bank	The bank in which the instrument received is deposited.
Depreciation	Depreciation is a measure of the wearing out, consumption or other loss of value of a depreciable asset arising from use, effluxion of time or obsolescence through technology and market changes.
Depreciation Below Book Value	A flag that is used to indicate whether the cumulative depreciation of an asset can exceed the asset cost or not.
Depreciation Book	An entity that holds depreciation amount and balances processed by applying different rates and methods. “Corporate” and “Tax” depreciation books are predefined
Depreciation Calendar	Depreciation calendars are defined for user defined depreciation books and they are periods for which depreciation is processed.
Depreciation Category	A group of assets or tags with common depreciation properties.
Depreciation Charge	The amount of depreciation charged for the period. This will be gross of suspension depreciation (if any).
Depreciation Convention	The principle in which depreciation is calculated for an asset. An asset could be depreciated on a pro rata basis, by using mid-period, mid-year or user-defined conventions.
Depreciation Rate	The rate of depreciation to be charged for assets under an asset class.
Depreciation Rule	Depreciation rules are combination of depreciation properties that will be assigned to depreciation category. This is a combination of the method, basis, rate and convention by which depreciation must be calculated.
Destination Warehouse	The warehouse to which material is stock transferred
Detail Cost Center	A type of cost center. The entity into which a business organization is demarcated for the purpose of costing.
Diminishing Balance	A method of depreciation wherein depreciation is calculated as a fixed percentage every year on the diminishing balance (Original asset cost less cumulative depreciation as on the beginning of the year) of the asset value.
Direct Costs	Costs, which can be directly attributed to a product or service.
Direct Invoice	An invoice that is raised when items are required to be shipped to a customer without a sale order or purchased from a supplier without a purchase order. It can also be used for booking liabilities towards suppliers directly, for expenses incurred.
Direct Prepayment Invoice	A prepayment invoice that is created without a sale order reference.
Discount Computation	Indicates the method in which the discount is calculated for a document. It could be on the “Base Amount” or the “Gross Amount”.
Discount days	The number of days from the anchor date, within which the due amount has to be paid, to avail the discount offered
Discount Grace Days	The number of grace days within which the customer gets the discount.
Discounts	An amount deducted from the invoice value due to promotions or to facilitate prompt payments.
Distribute Budget	The process in which an “Aggregate” budget is distributed among the various periods.
Distribution Setup	A mechanism which identifies a set of account codes, cost centers, analysis / sub-analysis, along with the transaction currency and the ratio in which an amount is to be apportioned while recording journal entries.
Drawable Limit	The limit till which a company can draw funds from the bank account. This limit must be within the credit limit set for the account.
Drawing Reference	Drawing Reference is the code identifying the document containing the drawing reference of an item.
Dropship Rcpt.	Dropship Receipt is a document that acknowledges the receipt of goods sent directly by the vendor to the customer.
DTA ID	A code identifying the file transfer payment mode supported by banks.
Due %	Cumulative Percentage of transaction value due to the supplier on or before the due date.
Due Days	The number of days from the anchor date, within which the due amount has to be paid to the supplier.
Dunning	The process of sending reminders to customers for overdue payments.
Dunning Charges	The amount to be paid by a customer for a dunning received by him.
Dunning Level	The level in which a dunning letter must be generated for a customer.
Duration Expended	The actual duration already spent on an activity of a work order.

Earliest available date (EAD)	The earliest date by which the required quantity of an item would be available as per the current schedule of the item.
Effective Date	The date from which an entity or definition is valid for operations in Ramco Enterprise Series.
Efficiency	A measure (as a factor) of the actual output to the standard output expected.
Element Nodes	A type of node in the cost element structure. It is a node that a single or multiple cost elements defined below it in the structure.
Engineering Change (EC)	A revision to a blueprint or design released by engineering to modify or correct a part. The request for the change can be from a customer or from production quality control or another department.
Engineering Change Control	This identifies if the changes made to the item have to identified through Engineering change
Entry Point	The “Group” or “Detail” cost center from which other cost centers are retrieved in a cost center structure.
Error Description	The description of the error that has occurred while uploading data from a legacy system or while running a process like consolidation.
Error ID	The identification number representing the error that has occurred while uploading data from a legacy system or while running a process like consolidation.
ESR	In this type of ESR payment the amount to be paid is fixed and equal to the invoice amount.
ESR +	In this type of ESR payment the amount to be paid is adjustable against multiple invoices.
ESR + Participation ID	A number identifying the ESR+ participation of the company with the bank / PTT. This ID could be a 5 or 9 digit number.
ESR Participation ID	The number identifying the ESR participation of the company with the bank / PTT. This ID could be a 5 or 9 digit number.
ESR Payment	It is a type of electronic payment practiced in Europe, wherein payments can be received or made electronically by the participating banks. Two different types of ESR payments – “ESR” and “ESR+” are possible.
Estimate Number	A unique number identifying the estimate. Can be system generated also
Estimate/Planned/Effective	These represent different stages of planning of an order. Before effecting an actual order, the user can make estimates and plans for an order. In case of discrete production orders and other orders the user can define multiple estimates and plans by defining multiple versions under each of them.
Euro VAT Registration ID	A tax registration number or identification given to vendors by the Swiss Government or the European community. This number is generally printed on the Invoice documents and on the statutory VAT declaration reports.
Exchange Rate	The number of units of a particular currency that can be exchanged to get one unit of another currency. This exchange rate is usually taken from authentic data sources like “Bloomberg” or “Reuters”.
Exchange Rate Type	The type of exchange rate that is used during transactions. “Buying Rate”, “Selling Rate” and so on are typical examples of exchange rate types.
Exclude PR	Provision to exclude individual PRs that should not be considered in the process run for generation of ordering documents.
Exempt Sale Orders	A sale order raised on a customer can be exempted from credit check.
Expected Future Consumption Quantity	The expected consumption of the issue item in the near future calculated as follows If a particular subcontract item scheduled to be received during the reconciliation period is say 10Nos and the quantity actually received is 6Nos, and the issue item as per Issue list referred is 1nos per 2 Nos of subcontract item, then the expected future consumption qty would be (10-6)/2 = 2.
Expected Max. Closing Balance Qty	Opening balance qty + Total issued qty + Total +ve issue tolerance qty – Total calculated consumption qty – Total Returned Qty
Expected Min. Closing Balance Qty	Opening balance qty + Total issued qty -Total -ve issue tolerance qty - Total calculated consumption qty – Total Returned Qty
Expense Invoice	A type of invoice raised on a supplier for expenses that have been incurred.
Expiration Date	Expiration Date for a lot controlled item is the date after which it may not conform to its specifications and hence may not be fit for use. Expiration date = Manufacturing date + shelf life.
Expiry Date	The date till which an entity or definition remains valid for operations in Ramco Enterprise Series.
Explosion	The process of calculating the demand for the components of a parent item by multiplying the parent item requirements by the component usage quantity specified in the bill of material.
External Enterprise	An entity outside the Ramco Enterprise Series system like another company, a different department of the same company or a branch or an organization which uses a different system to maintain its accounts and for which the trial balance can be derived.
Ex-Transit Point	The place where the consignment was picked up by the vessel / carrier.

Feature	A feature is a product characteristic chosen at the time of configuring a model
FIFO	Stands for First In First Out
File Transfer	A widely used method for interacting with the banks or PTTs. It reduces the need for manual intervention for recording receipts and payments.
Finance Book	An entity that holds financial data and acts as a source for the generation of financial statements. A finance book is defined at the level in the organization structure in which the financial statements must be generated for the company. Three different types of finance books can be defined for a company – “Posting”, “Main” and “Consolidation”.
Finance Book Consolidation	The type of consolidation process wherein the account balances maintained in the “Posting” finance book of a company is aggregated in its “Main” finance book.
Financial Adjustment	Indicates whether the differential quantity would be settled in monetary terms.
Financial Calendar	A period of time for which financial statements are published for a company. It could be termed as a combination of a financial year and its associated financial periods.
Financial Period	This is a subset of a financial year. The span of a financial period must be within the span of the financial year to which it is associated.
Financial Statement	A statement comprising number of layout headings, which depicts the financial status of a company. “Balance Sheet”, “Income Statement” and a “Cash Flow Statement” are typical examples of financial statements.
Financial Year	The duration of time for which financial entries are posted in account codes to retrieve financial statements. This year could differ from the calendar year and could be divided into multiple financial periods.
Finished Product	These are the items basically manufactured by the company. These items are sold and manufactured and hence this needs to maintain both production and sales information. These items are not usually purchased.
Firm Demand Qty	The quantity of the expected demand for an item that is firmed
Firm Order	A planned order that is frozen in quantity and time. MRP will not modify such orders in terms of date or quantity.
Firm Planned Order	A planned order that can be frozen in time and quantity. The planning run will not change these orders automatically. It is the responsibility of the material planner of the item that is being planned.
Firm Receipt Qty	The quantity of the expected supply of an item that is firmed
Firm Segment in days	Indicates the duration in days, starting from the end of Release Segment that would be considered for generation of a requirement report for items in the near future.
Fixed Lot size	A lot sizing technique that will always cause planned or actual orders to be generated for a predetermined fixed quantity, or multiples thereof, if net requirements for the period exceed the fixed order quantity.
Fixed Order Qty	A lot sizing technique that will always cause planned or actual orders to be generated for a predetermined fixed quantity, or multiples thereof, if net requirements for the period exceed the fixed order quantity.
Flex Costs	In Order Variance analysis, while calculating the planning and performance variance, the cost incurred for the control order can be flexed according to the level of output (primary item) of the comparison order.
Flexible Budgets	Budgets calculated by adjusting the base budgeted amounts to the actual level of output achieved or desired to be achieved during the budget period.
Folder	Indicates the type into which the generated document can be classified for reporting and analysis purposes.
Forecast	An estimate of future demand. A forecast can be determined by mathematical means using historical data, it can be created subjectively by using estimates from informal sources, or it can represent a combination of both techniques.
Forecast consumption	The process of replacing the forecast with customer orders, or other types of actual demands, as they are received
Forecast Group	The set of forecasts grouped for an item or a Customer or a Project.
Forecast Plant	A plant where the forecast for the item is being done. . Forecast Warehouses are mapped to Forecast plants.
Forecast Reference	Reference number identifying the forecast demand
Forecast Segment in days	The duration in days, starting from the end of the Firm Segment that would be considered for the generation of a forecast report stating possible requirements at a future stage.
Forecast Warehouse	The warehouse where forecast demands are raised. Actual demands from other shipping warehouses may consume this forecast. The Warehouse where items are produced to Forecast are stocked and are further distributed to Shipping Warehouse
Forward Scheduling	A scheduling technique where the scheduler proceeds from a known start date and computes the completion date for an order, usually proceeding from the first activity to the last. Dates generated by this technique are generally the earliest start dates for the activities.
Free Deal	Free deals are items do not have any rate and are given as part of promotions
Free Stock	The stock that is free to service immediate demand
Freeze Acceptance Level	Option to select the level at which inspection information in the GR is to be finalized for movement to warehouse or cost centres viz. Line or Document level. If the value chosen is 'Line', then the respective lines become eligible for movement. If the value chosen is 'Document', then all items in all lines can be moved t their destinations.
Freeze Receipt Level	Option to select the level at which GR information is to be finalized for further processing for Inspection and Movement activities viz. Line or Document level. When the GR is frozen at line level, the respective lines become eligible for recording inspection details. When the GR is frozen at document level, the entire document becomes eligible for recording inspection details.
Freight Amount	Total expenses incurred on movement of goods / consignment from the point of origin to the delivery or consumption point
Frequency	The incidence of a financial period in a financial year. It could be “Fortnightly”, “Monthly” or “Half-yearly”. Frequencies can also be defined based on the business requirements of a company.
Freight Term	A code indicating the terms and conditions agreed upon with the customers regarding freight liabilities, payment, etc.
FSN	This pertains to FSN classification of items on the basis of duration an item stay in stock. FSN stands for Fast. Slow and Non-moving.

Gate Pass No.	The unique code identifying the gate pass that is raised to acknowledge the entry of the vehicle carrying the goods.
Generate Budget	The process in which a new budget can be created based on existing budgets, actuals or consolidation of multiple budgets.
Generation Basis	The basis on which a cost budget can be generated. It could be based on a specified budget and version, on the actuals incurred for a specified range of earlier accounting periods, on a selected budget and the actual costs incurred during a specified date range and by consolidating multiple budgets.
GR Option	Option to record material receipts with reference to the ordering document. This option shall be available only when all the items in the Ordering document have matching type 'Two-Way'.
GR Rej Qty	The quantity of items rejected during inspection at the time of Goods Receipt.
Grace Days	The number of days given as grace period to include the quotation(s) whose validity has expired.
Group Company	A company, which has one or more child companies.
Group Cost Center	A type of cost center. It is a cluster of “Detail” cost centers or “Group” cost centers.
Group Type	Group type is a higher level classification of item groups.

Handed Over To	The Name of the person to whom the consignment and the associated documents have been handed over by the supplier.
HAWB No.	HAWB is a code identifying the house airway bill number.
Header Nodes	A type of node in the cost element structure. It is a node that has a group of nodes defined below it in the structure.
Held	The stock status, which indicates that the item is past its expiration date and should not be used until testing is done and certified as fit for use.
Hold for Order	The highest limit of credit subsequent to which orders received from a customer will not be processed.
Hold for Pick	The highest limit of credit subsequent to which the materials will be held for issue to customers.
Hold for Ship	The highest limit of credit subsequent to which the material will be held from being shipped to customers.
HRMS Receipt	A type of receipt that is raised on an employee for payments received against loans or reimbursement.

Identification No.	Unique identification number assigned to the supplier / vendor by the company identification agency.
Identifier	A unique reference by which a company or product is identified in the collaborative business environment. These identifiers expedite the alignment of business process between trading partners. Identifiers can be created for locations, tax identification reference, company identification reference or supply chain reference. The nine-digit D-U-N-S number and the fourteen-digit GTIN number are typical examples of identifiers.
In Service Date	The date on which an asset is put into effective use.
Inclusion Exclusion List	Document that specifies the list of items / item groups that is to be included or excluded during the issue of material to the subcontractor.
Inco Place	The place or destination point associated with the specified inco terms.
Inco Term	Incoterms are international commercial terms prepared by the International Chamber of Commerce that since 1936 have helped in managing international trade. Incoterms allow exporters to set prices so that the cost and risk of international transportation will be clearly distributed among buyers and sellers. They also refer cover insurance liabilities and customs formalities.
Income Statement	A financial statement that reveals the performance of a company during a particular period of time and summarizes the revenue items, the expense items and the difference between them depicting the net profit or loss for an accounting period. A detailed income statement can be printed for a period of time.
Increment Runs	A mechanism by which the simulation of allocation can be based on previous run numbers on an incremental basis.
Independent Demand	Demand for an item that is not related to demands for other items. Demands for finished goods, parts required for destructive testing, service parts requirements are all examples of independent demands. Independent demands are forecasted.
Index	A set of values for a year or date range to facilitate asset revaluation with index option
Index Option	The type of index that must be used for the asset revaluation. They are “Calendar Year”, “Age”, “Financial Year” or “Date Range”.
Indirect Costs	Costs that cannot be easily and directly attributed to a product or service.
Industry	The type of industry, which the customer belongs to. For e.g. automobile, telecom, oil, etc.
Initial Balance	The opening balance of all the account codes in the various finance books. This balance is entered while installing the Ramco Enterprise Series system.
Input VAT	The amount paid as tax along with the base value to a supplier while purchasing goods or services.
Input VAT deductible (%)	The part or percentage of the input tax refundable from the tax authorities.
Inspection Advise No.	The unique code identifying the advice against which material inspection has been carried out.
Inspection Level	Indicates if inspection is carried out for a line item in the receipt document or for the entire document.
Inspection Type	Specifies the party, which would carry out the inspection upon receipt of goods.
Instrument	Indicates the financial instrument through the payment has been received. It could be a “Check”, “Demand Draft”, “Pay Order” etc.
Insurable Value	The value for which an asset must be insured. This value is arrived at by an external agency based on the current market rates of the asset.
Insurance Amount	The premium amount to be paid for insurance coverage of the goods.
Insurance Claim	The request raised on an insurance company to recover the damaged value of the assets which is covered under an insurance policy
Insurance Company	An organization that provides indemnity for the assets owned by a company.
Insurance Liability	The name of the party (that is Buyer or supplier or third party) who is liable to bear the cost of insurance of the goods during transit.
Insurance Term	To specify the nature of insurance to be taken for the consignment while in transit.
Insurance Valuation Rule	A process that helps in valuing the assets for the purpose of insurance.
Inter-Company Reconciliation	The process of reconciling the transactions affecting account balances of finance books that are available under different companies.
Interest Rate	The rates of interest applied by the bank on the debit, credit and overdraft balances maintained in an account.
Intermediate	These are the items which are in between the raw material stage and component stage (which will be used in assembly) that is they are items, which are waiting for further processing before used in assembly. They can be procured outside or manufactured in house. Examples could be items machined but waiting for some treatment like annealing or phospating or plating etc.
Intermediate Cross Currency	A currency that acts as a median between two currencies when exchange rates have not been defined directly for them.
Intra-Company Reconciliation	The process of reconciling the transactions affecting account balances of different finance books that are available under the same company.
Inventoried Date	The date on which the asset was verified.
Inventory Cycle	The frequency in which the assets must be physically verified. They are “Yearly”, “Half-yearly”, “Quarterly” or “Monthly”.
Inventory Issue	The transaction that records issue of material against a material request. Material request is a requesting document in inventory.
Invoice At	Indicates the Organisational Unit which is to be invoiced for the Blanket Purchase order
Invoice before GR	Indicates whether or not invoice can be generated before creation of the receipt document.
Invoiced Qty	Term is generic (May appear in Ordering components also apart from consignment register). Hence definition also has to be generic. Best left to the Finance team
Invoiced Value	Term is generic (May appear in Ordering components also apart from consignment register). Hence definition also has to be generic. Best left to the Finance team
Invoicing Point	A code identifying the organization unit where the invoicing happens
ISO Code	It is a code given by the International Standard Organization to identify the company.
ISO Country Code	The code assigned to a country by the International Standards Organization (ISO).
ISO Currency Code	The code assigned to a currency by the International Standards Organization (ISO).
Issue Qty	The quantity of component or raw material issued from the inventory stores to process the work order.
Issue Quantity	Issue Quantity refers to the quantity to be issued against a request
Issue Tolerance Qty (+ve)	This is calculated as the Positive Issue Tolerance % multiplied by the Issue Qty as per Issue list proportional to the received qty.
Issue Tolerance Qty (-ve)	This is calculated as the negative Issue Tolerance % multiplied by the Issue Qty as per Issue list proportional to the received qty.
Item Account Group	Item account groups are groups of items for account code definition. Attaching these account groups to items instead of attaching individual accounts makes item account definition easy.
Item based Note	A debit or credit note created for variance in item prices, taxes, charges or discounts. It can also be created for sales returns, items lost in transit or any other complaint received. It could be raised on a customer and a supplier.
Item Category Code	The classification of items based on factors like nature of item etc
Item Debit Note Amount	Indicates the total amount to be debited to the supplier's account against the selected line item in the GRN.
Item Flow	Indicates the nature of usage of each item in the Bill of Material viz., a Primary Outputs, Secondary Outputs or Returnable Inputs, Issuable inputs and Non-Issuable inputs.
Item Group	The grouping of items on the basis of some common property or usage or any other parameter as identified by the user.
Item Hierarchy	Enables to plan (or forecast) for groups of items that gets consumed much before forecasts for the actual end-products are known. Items can be linked to planning groups to form the Item hierarchy.
Item Revision No	The code identifying the change made to the item.
Item Type	Item type is a broad classification of items. It denotes the item’s intended usage or the relation of the item to the organization. Each item belongs to a unique item type.

Journal Voucher

The basic document used to record all transactions other than the bank / cash transactions. For example, passing adjustment entries, creating provisions and accruals at year-end, rectification entries are typical situations wherein a journal voucher is raised. Three types of journal vouchers can be created – “Regular” voucher, “Reversal” voucher and “Memorandum” voucher.

Lap Doc. No.	The unique document number for a lap of the route taken by the material in an Advanced Shipping Notification.
Layout	Comprises of group of schedules. Multiple layouts when grouped together form a financial statement.
Layout Heading	Indicates the heading that figures in a financial statement like “Balance Sheet”, “Income Statement” or “Cash Flow Statement”. Account codes are mapped to each of these layout headings.
Lead Time	The number of days required by the Supplier to manufacture the subcontract item or perform the subcontract service.
Lead Time Offset	A technique used where a planned order receipt in one time period will require the release of that order in an earlier time period based on the lead time for the item
Legacy Data Upload	The process of uploading or copying legacy data from an old system to the Ramco Enterprise Series system.
Legacy Period	A period during which the financial transactions have been recorded in a company prior to migrating to the Ramco Enterprise Series system. The financial details of this period can be uploaded from the earlier system for the purpose of analysis.
Level (Purchase)	Indicates the various stages of approvals required for authorizing the PR.
Level (Finance)	The number identifying the hierarchy level in which a cost center is available in a cost center structure.
Liability Creation At	This denotes the stage in business process at which the organization becomes liable to pay the supplier for items in the specific stock status
LIFO	Stands for Last In First Out
List Type	Specifies if the indicated item / item group is to be included or excluded during the issue of material to the subcontractor.
Load factor	Denotes the loading of resource. I.e. ratio of the required capacity to the available capacity of a resource for a specified period.
Logistics Organization (LO)	A higher-level operational entity with multiple business units. A logistics organization could be at least one step above the company in the hierarchy level or it could be on the same level as that of the company. Most commonly used information like that of the customer, supplier or inventory could exist in this level.
LOI	“Letter of Intent” is a document, which contains unconfirmed order details indicating the customer's intention to buy in the future.
Look Back (periods)	The number of periods an actual demand can look onto forecast in previous periods, if sufficient quantity is not available for consumption in the current period. Required due to forecasting errors.
Look Forward (periods)	The number of periods an actual demand can look onto forecast in subsequent periods, if sufficient quantity is not available for consumption in the current period. Required due to forecasting errors.
Lot for Lot	A lot sizing technique that generates planned orders in quantities equal to the net requirements in each period.
Lot No	The unique code given by the Receiving OU thus identifying the lot to which the received quantity of the item belongs.
Lot No Controlled	Lot No Controlled indicates if an item is controlled using lot numbers. If an item is lot controlled then system can keep track of the stock at the lot level.
Lot Qty	The number of units of the item that constitute the lot.
Low level code (LLC)	The lowest level at which the item exists in all bill of materials
LSV ID	A number identifying the LSV participation of the company with the bank / PTT.
LSV Payment	Stands for Last Schrift Verfahren in the German language, which translates as “Direct Bank Account Charge Process”. This process is used in Germany and Switzerland. The principle is when an invoice is raised on a customer, his bank account is charged directly for invoice value instead of waiting for the customer to release the payment. Conversely the supplier would directly charge the company’s bank account on submitting his invoice.

MAC Calendar	A period of time for which the results shown by a business organization can be analyzed. It could be termed as a combination of accounting years and its associated accounting periods.
MAC Entries	Entries that do not affect the finance book when costs are assigned to cost centers directly. However, the cost center – cost element balances are updated automatically.
MAC Incorporation	The process in which transactions from the financials and the production business functions are updated in the MAC business function.
MAC Period	This is a subset of a MAC year, which helps in monitoring the performance and expense control of the organization to support product mix or pricing decisions. The span of a MAC period must be within the span of the MAC year to which it is associated.
MAC Voucher	It is used to post entries to the cost center and the corresponding cost elements. For example recording the details of the opportunity costs that have been incurred.
MAC Year	The duration of time for which the results are analyzed. This year could differ from the calendar year and could be divided into multiple accounting periods.
Main Finance Book	The type of finance book in which the financial transactions recorded in the “Posting” finance book are consolidated. This is the next level to the “Posting” finance book in the hierarchy of finance books. A company must have only one finance book of this type.
Maintain Seasonality	The facility provided by Ramco Enterprise Series to adopt the seasonality pattern while generating a period budget.
Maintained By	Control unit that is responsible for maintenance of the master / data as the case may be.
Maintenance Issue	The transaction that records issue of material for maintenance department. This issue is done against a work order or maintenance plan as reference.
Management Accounting	Management Accounting is the presentation of information on various dimensions like volume of production and consumption, product mix, product realization, manpower productivity, process efficiency, product profitability and so on in order to assist the management in setting up the policies or enable decision making in the everyday operation of a business undertaking.
Manufacturing Lead Time	The total time required to manufacture an item, exclusive of lower level purchasing lead time. It involves order preparation time, queue time, setup time, runtime, batch time, move time, inspection time, transportation time and receipt lead time (or put away time).
Manufacturing UOM	The unit of measurement in which production reporting of an item is done.
MarkDown (%)	The percentage by which the rates of all the items in the price list will be decreased when it is edited.
MarkDown Amount	The amount by which the rates of all the items in the price list will be decreased when it is edited.
Market	The type of market, which the customer is operation. For e.g. wholesale, retail, etc.
MarkUp (%)	The percentage by which the rates of all the items in the price list will be increased when it is edited.
MarkUp Amount	The amount by which the rates of all the items in the price list will be increased when it is edited.
Master Production Schedule (MPS)	The anticipated build schedule for those items assigned to the master scheduler. The master schedule is a presentation of demand, forecast, backlog, the MPS, the projected on hand inventory, and the available to promise quantity. The master scheduler maintains this schedule, and in turn, it becomes a set of planning numbers that drives material requirements planning.
Matched Amount	The invoice amount that has been matched with the corresponding order/receipt quantity and the equivalent amount as calculated in the order/receipt documents.
Matched Qty	The quantity of items in the supplier's invoice that has been reconciled with the ordering / receipt document quantities.
Material Adjustment	Indicates how the differential quantity would be reconciled, either issue to the subcontractor in case of a shortage and receive material from the subcontractor in case of an excess at his place.
Material List	The list of materials shipped against an Advanced Shipping notification with reference to one or more Purchase Order / Purchase Release Slip documents.
Material Planner	The person normally responsible for managing the inventory levels, schedules and availability of selected items, either manufactured or purchased.
Material Price Variance	[(Standard price * Actual quantity of Input items) – (Actual price * Actual quantity of Input Items)] * Proportion attributed to Primary output item – Accepted
Material Reconciliation report	A statement reconciling the total issues to and receipts from a subcontractor either periodically or for each ordering document.
Material Requirements Planning (MRP)	A set of techniques that uses bill of material data, process data, inventory data, master production schedule to calculate requirements for materials. It makes recommendations to release replenishment orders for material.
Material Specification	Material specification denotes the material on construction of the item which can also be given based on standards like AISI, ISS etc
Material Usage Variance	(Standard Price * Standard quantity of Input items) – (Standard price * Actual quantity of Input Items)
MAWB No.	Master Air Waybill (MAWB) is a code identifying the master airway bill number.
Maximum Capacity	The hours for which the resource is available without considering any losses in time in a day
Maximum Order Qty	An order quantity modifier, applied after the lot size has been calculated, that limits the order quantity to a preestablished maximum.
Maximum Qty	Maximum Quantity is that quantity to which stock will be replenished by the system in Min-Max planning.
Maximum Value	Maximum Value of a quantitative attribute is the maximum acceptable value of this attribute in an item to which this attribute is attached.
Memorandum Journal Voucher	A type of journal voucher used to simulate an entry to view its impact in the finance book.
MICR No	Stands for Magnetic Instrument Clearing Number
Minimum Issue Qty	The minimum quantity that should be issued in a transaction for an item.
Minimum Order Qty	An order quantity modifier, applied after the lot size has been calculated, that increases the order quantity to a preestablished minimum.
Minimum Qty	Minimum Qty is the stock level below which a stock replenishment action will be triggered by the system. This pertains to Min-Max method of planning.
Minimum Value	Minimum Value of a quantitative attribute is the minimum acceptable value of this attribute in an item to which this attribute is attached.
Miscellaneous Invoice	An invoice that is raised when items that do not form a part of the inventory are sold to a customer.
Model Item	A user configurable sales item whose components can be chosen based on product attribute choices and other options as exercised by the customer.
Modification Tolerance	It refers to the period within which the work orders for an item can be amended by MRP to cater to the demand under consideration. For example if the demand date is on the 20th and modification tolerance is 10 days, then only the work orders that are not yet released, and that have a due date falling between the 10th and the 20th can be amended to accommodate in order to cater to this demand (net requirement)
Moved Qty	Indicates the quantity of items that has been received, accepted and moved to the designated warehouse.
Movement Level	Indicates the type of movement of material to the destination. If 'Line', then each GR line is to be moved explicitly to the corresponding destination. If 'Document', all GR lines can be to their respective destinations in a single instance.

Need Date	The date by when the item ordered needs to be delivered in the quantity specified.
Need Date	Need date is the date on which material is required by the function that raised the demand.
Net Available Amount	Indicates the unutilized amount from the total budget amount that is available for procurement of the specified items in the transactions.
Net Book Value	The net value (original asset cost less cumulative depreciation) of the asset available in the books of accounts for the asset.
Netting	The process of calculating net requirements
Node	A point in a cost element structure. A cost element structure could have “Header” and “Element” nodes.
Non Vatable Charge	The document for which VAT is not charged.
Non Vatable Item Charge	The individual item amount for which VAT is not charged.
Normal Cost Element	A type of cost element. It indicates the costs of expenses revenues, or stocks of an organization. Salary, office expenses, stationary, power and fuel could be some typical examples of normal cost elements.
Notes Folder	Indicates the classification of the folder in which the note is placed for future retrieval and analysis.
Notes Level	Option to choose whether the note is to be attached and interpreted for a specified line item in the document (level Line) or for all line items in the document (Level Document).
Number of Index Years	The number of years for which the index must be referred used for revaluing the assets for the purpose of insurance.
Numbering Type	This refers to the numbering pattern to be used for generation of document number, serial number, lot number, item code etc.
Numeric ISO Currency Code	The numeric code assigned to a currency by the International Standards Organization (ISO).

Offset	The time (in percentage of the manufacturing lead time of the item or planning group) when a specified resource would be needed.
Old Policy Amount	The value of the policy that has been renewed.
Old Premium Amount	The value of the premium paid for the policy that has been renewed.
Opening Balance	The balance reflected in a document or statement as on the start date of the period for which the document is maintained or generated.
Opening Balance Qty (Consignment Register)	For an item procured on consignment basis from a supplier, this is the unconsumed quantity that is carried forward from the earlier period for which a consignment report has been generated. This implies that for the current time period, this is the quantity already available for consumption, apart from the new receipts made during the said time frame (The time between Consumption From and Consumption Till dates).
Opening Balance Qty (Material Reconciliation)	It is the quantity of the item lying with the subcontractor at the beginning of the period for which reconciliation is done.
Opening Balance Value	The value of the unconsumed quantity of an item procured on consignment basis from a supplier that is carried forward from the previous consumption reporting period.
Operative Chart of Accounts	The framework of account codes in which all the financial transactions of the company is recorded. A company can have only one chart of account of this type. A unique ID identifies it.
Options List Items	The items that are a part of option list(s) used to configure a model
Order	Refers to production and other (service) orders. MAC incorporates information from production order components with respect to discrete production and process production orders. In case of other orders it enables direct entry of costs.
Order %	The percentage of sale order for which advance payment can be received.
Order Based Prepayment Invoice	A prepayment invoice that is created based on one or more sale orders.
Order Basic Value	Order Basic Value is the value of the order net of taxes, charges and discounts.
Order Criterion	Indicates the criteria for creation of the ordering document. If “By Supplier” is chosen, then a PO is created with the commercial details like rates and charges defaulted from the Supplier Master information. If “By Quotation” is chosen, then a PO is created with the commercial details defaulted from the selected quotation. If “By BPO" is chosen, then a Release Slip is created with the commercial details defaulted form the Blanket PO referred.
Order Criterion (Quotation Processing)	Controls the creation of Purchase Orders from selected Quotations. If the value is 'By Document', then each selected Quotation will be converted into a Purchase Order, even if any of these quotations are received from the same supplier. If the value is 'By Supplier', then unlike in the earlier case, all the quotations received from a supplier are converted into a single Purchase Order on that supplier.
Order Exempt	Order exempt is a flag that will exempt the sale order from credit check
Order From Customer	The customer code of the customer who has placed the order.
Order from ID	The address identification code of the customer from where the order is placed
Order modifiers	Adjustments made to a calculated order quantity. Order quantities are calculated based upon a given lot-sizing rule, but it may be necessary to adjust the calculated lot size because of special considerations (scrap, testing, etc). The minimum lot size, maximum lot size, and lot size step may be defined.
Order Priority (Discrete Production)	Priority by which the order is to be scheduled. This is displayed in terms of numbers like 1, 2,…..5.
Order Priority (Sales)	The priority based on which the order is shipped. It is fixed at the time of ordering.
Order Qty	Quantity of item ordered in an ordering document.
Order Quantity	Indicates the quantity of the item that is to be actually ordered against the system calculated Required Quantity. Order Quantity is initially defaulted with the value of Required Quantity.
Order Release	An event in the work order process when it is released to the shop floor in order to authorize the shop floor personnel to begin work on the same.
Order Settlement	This is the final stage of order costing whereby, the actual cost of the order distributed to the items produced under it is compared with standard cost of the items and the variances are calculated. The finished goods are moved to inventory at standard rates.
Order Status	An order can have any one of the following status assigned to it, namely "Open", "Closed" or "Settled". When an order is issued to the shop floor, the status is displayed as "open". When the execution of the order is completed, the status is changed to "closed", while finally when the actual cost of the item produced under the order is determined and the respective variances are calculated, the status is "settled". Once an order is settled no more costs can be added to that order.
Order Step Qty	Adjustment made to the order quantity, such that the order quantity is always a multiple of this quantity.
Order Total Value	Order Total Value is the value of the order inclusive of taxes and charges and net of discounts.
Order Type	MAC supports order costing for three types of orders namely, process production orders, discrete production orders and other orders (service orders).
Order Variance	Order variances are calculated by comparing two orders to indicate the planning and manufacturing efficiency. Further, for an actual order, variances can be calculated by comparing the standard cost and actual cost of the items.
Order Version	For a discrete production order and other orders, the system facilitates definition of multiple versions while defining the estimate and planned orders.
Ordering Point	The organization unit form where the order is raised.
Organization Unit	The origin of an organization structure. It can be configured based on the combination of the business functions and the roles to be performed. It could be a physical location of a company where the Ramco Enterprise Series components are deployed for performing various business functions or it could also represent a function or a department where a specific business function is performed, for example a manufacturing plant, a sales office, a purchasing department, a warehouse, a finance department and so on. This definition is done through the Deployment Workbench, under Ramco Virtual Works^TM.
Origin	Indicates the type of creation of a document, whether manual or from another module.
Originating Point	The organization unit in which a reference document has been created.
Other GR Accepted Qty	Indicates the total number of units of the line item received and accepted for usage in all the earlier receipts raised against the reference order document.
Other GR Received Qty	Indicates the total number of units of the line item received in all the earlier receipts raised against the reference order document.
Other GR Rejected Qty	Indicates the total number of units of the line item rejected in all the earlier receipts raised against the reference order document.
Other Part Number	Other Part Number is the item code used by a supply chain partner. Capturing this code in item administration helps in seamless flow of information.
Other Variance	The additional work order costs to the extent it is attributed to the primary output item
Outpass Date	Date on which the outpass is created.
Outpass No.	The unique code identifying the Outpass document against which the goods are sent out.
Output VAT	The amount received as tax along with the base value from a customer for the sale of goods or services.
Outstanding Amount	The amount that is yet unpaid by the customer.
Over Draft Amount	An amount withdrawn from the bank that exceeds the limit specified for the bank account.
Overdue Amount	An amount that is pending for payment from a customer even after its due date.
Overdue Days	The number of days an amount is pending from a customer even after its due date.
Overlap percentage	The percentage of completion of an activity after which the subsequent activity can start.
Over-load %	A condition where required capacity for a resource or production is greater than available capacity
% Over Load	Percentage of total hours of work outstanding at a work center that exceed that work centers capacity.
Ownership	The parameter which indicates whether stocks under the specific stock status are owned by the company or customer or supplier

Pack Slip	Pack slips are documents sent to the customer, along with the goods, indicating the details of the shipments such as items in the pack, carrier, vehicle, freight bill no., insurance no., packing information etc.
Pack Slip Invoice	An invoice that is raised when the required items are shipped to a customer without a sale order, but with a reference to a pack slip.
Parallel Base Currency	An additional currency in which the finance books of a company can be maintained. A company is assigned a parallel base currency based on the requirement of its parent company.
Parent Account	An account code under which account codes of the similar type are classified. A parent account code could have any number of child account codes. The structure of parent account and its child accounts can be treated as a single logical entity.
Parent Asset Group	An asset group that has one or more asset groups under it in the structure.
Parent Company	A company, which has a controlling interest in another company through a majority shareholding. This company must have subordinate / child companies under it in the company hierarchy.
Parent Cost Center	A cost center that has child cost centers under it.
Parent Customer	The customer, which has a set of customers, mapped to it.
Partshipment allowed	To allow partial shipment of an order
Pay Term	The terms and conditions of payment including details of due dates, due amounts, discount dates, discount values and penalty information.
Pay To Supplier	Unique code representation the supplier to whom payment is to be made.
Pay-in-slip No	The number identifying the pay-in-slip created for depositing instruments in a bank.
Pay-in-slips	The document accompanying the instruments that are to be deposited in a bank account.
Payment Release Point	The organization unit from the payment is released to the customer / supplier.
Payment Schedule	The pattern in which cash in-flow will occur for a transaction.
Payment Status	Indicates whether payments to the supplier are to be held or are to be released.
Payment Voucher	The voucher created when a payment is to be made to a customer / supplier.
Pegging	The capability to identify for a given item the sources of its gross requirements and/or allocations. Pegging can be thought of as active where used information.
Penalty %	The percentage of penalty that is due if the payment is not made on the due date.
Pending Capitalization	The balance amount to be capitalized for a document selected for capitalization of asset.
Pending Receipt Qty. (Material Reconciliation)	This is the quantity to be received from the subcontractor and calculated as Carry forward qty + Calculated Receipt quantity – Actual Received Qty.
Pending Receipt Qty. (Order)	Indicates the number of units of the line item in the ordering document that is yet to be received.
Pending request Qty	This refers to the quantity still to be issued to fully meet the demand raised by a request
Pending Return Qty	The number of units, which are rejected, but not yet returned to the supplier.
Per	Indicates the number of units, which the 'Cost' includes. To be read in conjunction with the value of 'Cost'. For example, cost can be specified as "30 USD for 12 pcs", where 30 is the 'Cost', USD is the 'Currency', 12 is the value of 'Per' and pcs is the 'UOM' of the concerned item.
Period Budget	A budget is defined for MAC periods that are covered in the date range during which the budget is effective.
Period Order Policy	A lot sizing technique under which the lot size is equal to the net requirements for a given number of periods, e.g. weeks into the future.
Permitted Currency	A currency, that is different from the base currency and the parallel base currency of the company, in which the transactions can take place.
Phantom	A logical grouping of items that represents a transient assembly. No work orders are generated for them. These are normally consumed as soon as they are produced.
Pick order No.	Pick order is a document that is raised for picking up material for shipment from a set of warehouses.
Picking Priority	Picking priority indicates the sequence of considering zones/ bins while stock is being picked. Stock is cleared first from that zone/bin which has highest picking priority (numerically lowest) among those zones/bins with stock of the item.
Plan Date	Date on which the Purchase Plan was created.
Plan Demand Qty	The quantity of the expected demand for an item that is not yet firmed
Plan Receipt Qty	The quantity of the expected supply of an item that is not yet firmed
Planned Issue	An anticipated disbursement of an item predicted by MRP through the creation of a gross requirement or allocation.
Planned Order	A suggested order quantity, release date, and due date created by the planning systems logic when it encounters net requirements in processing MRP. Planned orders may be modified by the Planning run, based on changed conditions (based on the time fence rules specified). Planned orders at one level will be exploded into gross requirements for components at the next level. Planned orders along with released orders serve an input to capacity requirements planning.
Planned Receipt	An anticipated receipt against an open purchase order or open production order.
Planner	The person responsible for planning the material procurement. Represented by a Buyer ID.
Planning Bill	Grouping of items in BOM format to facilitate Master scheduling and Material Planning.
Planning Bucket	Refers to the regular time periods into which a planning horizon is divided for ease of planning, operating and monitoring.
Planning Group	A code referring to an artificial set of items that have almost similar characteristics and planning parameters, used to facilitate master scheduling and material planning.
Planning Horizon	The amount of time the master schedule extends into the future. This is normally set to cover a minimum of cumulative lead time plus time for lot sizing low level components and for capacity changes of primary resources or of key suppliers.
Planning Policy	The method by which replenishment orders are suggested for the unsatisfied demands or net requirements of an item. Also refers to a set of procedures for determining the lot size and other parameters related to an order.
Planning Time Fence (Days)	Indicates that point in time within the planning horizon where schedule changes adversely affect component schedules and capacity plans. Therefore, Planning run would not create a receipt within the specified time fence (current date + time fence). All “suggested” orders are created outside the time fence and reservation would still happen between demands and supplies.
Planning Type	The method used for planning the item which may be a consumption based planning like Min-Max method or Reorder level method or requirement based planning like MPS or MRP
PO Authorized Qty.	Indicates the total quantity of the item that has been requested in various PRs for which POs have been raised and approved for processing. This is the actual ordered quantity.
PO Covered Qty.	Indicates the total quantity of the item that has been requested in various PRs and against which POs have been raised but not necessarily approved.
PO No.	Unique identification number of a Purchase order.
PO Type	Indicates the nature of the ordering document based on the type of the item or the mode of purchase. PO Type can be General, Capital, Drop Ship and Consignment.
PO Value	Cumulative amount of the total value of each line item in the PO.
Policy Amount	The insurable value of an insurance policy.
Policy No	The number identifying the insurance policy document issued by an insurance company for an asset. This document contains the details of the risks covered by the policy.
Policy Type	The type of risk that are covered by the insurance policy under which an asset is insured. ”Fire” or “Marine” could be typical examples of policy type.
Post GR-Mov Rej Qty	The quantity of items rejected after the movement of items to the warehouse.
Post Order Lead Time	Post Order Lead Time of an item is the average time elapsed from release of purchase order to receipt of item from supplier.
Posting Finance Book	The type of finance book in which the financial transactions are recorded. This is the lowest level in the hierarchy of finance books. A company must have at least one finance book of this type.
Posting Rule	A restriction that is created for a combination of account code properties like account classification, account group and so on for which journal vouchers can be posted.
PP Category	Indicates whether the Process Plan being defined is for production or engineering or subcontracting or purchase or costing or re-work
PP Usage	Indicates whether the Process Plan is the standard or an alternate for the item
PP Usage Qty	The quantity required of the child item, corresponding to the parent that is to be used in the calculation of capacity requirements of resources.
PR Auth Qty	Indicates the total quantity of the item that has been approved as against the total requested quantity in the PRs selected.
PR Balance Qty	Quantity of an item in the PR that has not yet been ordered.
PR Balance Qty (Quotation Processing)	This is the sum of unordered quantities in all the selected PRs. Unordered quantity is the difference between the PR Authorized Quantity and the PO Authorized Quantity.
PR Mode	PR Mode indicates the nature of conversion of the request into an order. It can be either Express or Normal. 'Express' denotes the automatic generation of PO against the PR, while a 'Normal' indicates the manual conversion of the request into an order.
PR No	Unique identification number representing the PR document.
PR Type	To specify the type of the Purchase Request, whether it is General, Capital or Dropship.Capital if items procured are to be captilized; Dropship if goods are to be directly shipped to customers location; General, if otherwise.
Pre Order Lead Time	Pre Order Lead Time is the average time it takes for a purchase request to be processed and converted into a purchase order.
Pre-Dunning Level	The level in which a dunning letter was generated for a customer.
Premium Amount	The amount to be paid as premium for policy.
Prepayment Invoice	An invoice created when advances are received from customers before the shipment of material.
Price	Price is the amount that the customer pays for the goods sold. This is inclusive of taxes and charges and net of discounts.
Price Break Up	Indicates whether or not the referred Quotation has variable prices for different ordered quantities.
Price List	A list of prices for item(s) for a specified quantity and time period in a particular currency.
Pricing Engine	A mechanism through which the unit price of an item is retrieved in Ramco Enterprise Series system. This facility is apart from retrieving the prices from the price list.
Primary Item	The main item based on which the Kit is built.
PRO No.	The pro number for land shipment. A number issued to each shipment of freight by the carrier and used for computer tracking of the shipment to its destination.
Process Order Lead Time	Process Order Lead Time is the average time it takes to process and convert a fresh purchase order to an open purchase order.
Process Plan	Information detailing the method of manufacture of a particular item. It includes the activities to be performed, their sequence, the various resources involved, and the standards for setup and run.
Process Result	Process Result indicates the output of the exercise. The output would be Release Slips for the Release Segment and Reports for the Firm and Forecast Segments.
Process Run No	The Unique identification number assigned to each request pooling and order generation exercise.
Processing Action	The process by which a customer order is met. It can be make, buy or dropship.
Processing at	Indicates the Organisational Unit, which would process the Purchase Plan thus raising the Release Slips for its requirements.
Processing Status	The extent of processing that has taken place for a consolidation or a simulation run. It could be “Scheduled to Start”, “In Progress”, “Completed”, “Error”, “Aborted” or “Cancelled”.
Prodn Reporting Type	The type of reporting expected for the resource or activity. Critical resources may have detail reporting done, while non-critical resources may have the activity time backflushed automatically, based on succeeding activity events.
Product Structure	It defines the single level bill of material that illustrates the relationship between different input and output items, co-products and by-products. Single level Bill of Material is termed as "Product Structure"
Production Controller	One who directs or regulates movement of goods throughout the entire manufacturing cycle of the product all the way through to the delivery of finished goods.
Production Issue	The transaction that records issue of material to shop floor. This issue is against a work order, pick order or production order as reference.
Project No.	This refers to the number corresponding to a project under which the defined order must be grouped.
Projected Balance	An inventory balance projected into the future. It is running sum of on-hand inventory plus scheduled receipts and planned orders minus the requirements.
Promotional Item Details	The details pertaining to items, if any, that is offered by the supplier free of cost along with the regular item as part of his sales promotion.
Promotions	The promotions that are allowed for items specified in the Sale Order. The Promotions are of 3 types namely Price deal, Discount deal and Free goods.
Proportion Variable	In Cost Element-Product budget, when an amount is specified for an item under a cost element the proportion of the amount varying with the level of output is defined as the proportionate variable. This helps in calculating the fixed portion of the cost element with respect to an item.
Proportional Discount	Provision to allow proportional discount for payments made in part before the discount date.
Proportional Qty. for SCI	Indicates whether issue and receipt quantities of the item specified in BOM are directly proportional to the order quantity of the subcontracted item.
Provision Amount	An unpaid amount for which a provisional entry must be made in the finance book, before writing off the same
PS Category	Indicates whether the Product structure being defined is for production or engineering or subcontracting or purchase or costing or re-work
PS Usage	Indicates whether the product structure is standard or an alternate for the item
PTT	Stands for Postal and Telegraph Transfer. It is a facility similar to a bank operated by the postal division in Switzerland. All transactions that can be routed through a bank can be routed through a PTT also.
PTT Clearing No	A unique number allotted to a PTT by the central PTT of the country, which is used while sorting inter-PTT transactions at a clearing center.
PUOM	Standard / default Unit of Measurement in Purchase module.
Purchase Budget	Instrument / Mechanism to plan and control the procurement of items in terms of amount and quantity for specified time periods, suppliers and organizational units.
Purchase Request	The request raised by production function for the net requirements for purchasable items.
Purchase UOM	Purchase UOM of an item is the UOM in which purchase orders of this item will be raised.

Quarantined	The stock status, which indicates that it is past its retest date and should not be used, further in business until it is tested to see if it still conforms to specifications. This is also used to identify the stocks which are under ageing process and which will be fit for use after some time
Queue Qty	The qty which is waiting for processing in a resource
Queue Time	The amount of time a job waits at a resource before setup or work is performed on the job. Queue time is one element of total manufacturing lead time. Increases in queue time result in direct increases to manufacturing lead time and work in process inventories.
Quotation	The document declaring the intent of a supplier to supply materials/ services to buyers at stated prices under specified terms and conditions.
Quotation Process ID	The Unique identification number assigned for the quotation processing activity.
Quotation Type	Type to which the Quotation from a supplier belongs viz. Direct, RFQ Based and Web Based.

Rate	Rate is the value of a single quantity of an item.
Rate Control	Indicates whether or not the item rates specified in the BPO can be modified in Release Slips.
Rate Tolerance +ve	Upper Limit to which the rate of the item can be increased in the release slip over and above the rate specified in the BPO.
Raw Material	These are basically items, which are converted into some other component, which will be used in the final assembly. Some of the examples of this type of items are Castings, Forging, Bars, and Pipes etc. These are usually purchased outside.
Reason Code	A code identifying the reason that has been defined for an event.
Receipt At	The Organization Unit where material is to be received.
Receipt Date	Date on which the Receipt document was created.
Receipt Horizon (Days)	Receipt Horizon (Days) is the period in days up to which the expected receipts will be considered as pending receipts for stock replenishment support.
Receipt Method	The method in which payment can be received from a customer.
Receipt Mode	Indicates the means by which a payment has been received from a customer. It could be through “Check”, “Demand Draft”, “Pay Order”, “Direct Credit”, “Cash” and “Credit Card”.
Receipt Qty (Purchase)	The quantity of each item expected to be received from the subcontractor after the completion of the processing.
Receipt Qty (Discrete Production)	The accepted quantity or good quantity that is expected out of a work order. This together with the planned scrap quantity would be the order quantity for the work order.
Receipt Qty Tol	The tolerance limit that can be permitted for the booking of output items returning to inventory
Receipt Quantity	The quantity of an item received on consignment basis from a supplier against a particular Goods Receipt document during a consumption reporting period.
Receipt Route	Indicates the way in which a payment has been received from a customer. It could be by “Bank” or “Cash”.
Receipt tolerance +ve	Indicates the extent of deviation the quantity of items received in the receipt document can take over and above its stated / specified value in the ordering document.
Receipt tolerance -ve	Indicates the extent of deviation the quantity of items received in the receipt document can take below its stated / specified value in the ordering document.
Receipt Type	The type in which the payment must be received from a customer. A customer could pay through cash or through credit.
Receipt Value	The value of an item received on consignment basis from a supplier against a particular Goods Receipt document during a consumption reporting period.
Receipts	The physical acceptance of an item into a stocking location or the transaction reporting of this activity
Receivable Grace Days	The number of grace days within which the receivables are due from the customer
Received Qty	The quantity of the item received from the supplier as against the total order quantity.
Receiving Bay	Option to select the bay in the warehouse where goods would be received.
Receiving Point	The organization unit where the items are received.
Reconciliation of finance books	Reconciliation is the process of keeping track or matching transactions that are posted in multiple finance books. These transactions are typically recorded in a source and a destination finance book. These transactions are tallied periodically to avoid discrepancies while retrieving financial statements. Ramco Enterprise Series provides facility for two different types of reconciliation “Inter-company Reconciliation” and “Intra-Company Reconciliation”.
Reconciliation Report No.	A unique id representing the reconciliation done for each subcontractor.
Recount Qty	The quantity that is verified to be in stock after recounting of physical stock in warehouse as part of PI or CC.
Recount Tolerance	This refers to the limit beyond which recounting of stocks is necessary during physical inventory and cycle counting
Recurring Voucher Template	A template that generates recurring vouchers for a frequency specified based on the debit and credit legs and the amount to be transacted.
Reference Designator	Reference designators are used for identification purposes. Reference designations can be used in several different ways. One important way you will use them is as a cross-reference for locating supply stock numbers. Reference designators may be used for locating the position, or the unit to which a part belongs.
Registered Office	The official business home of a company in which the company records for public inspection is maintained.
Registration Date	The date on which the company was chronicled with the statutory authorities of the home country.
Regular Journal Voucher	A type of journal voucher used to record transactions like transfers or adjustments.
Regular Receipt	A type of receipt raised on a customer for a payment received based on debit documents raised on him.
Rejected	The stock status, which indicates that the stock does not conform to specifications and it, is not fit for use.
Rejected Qty (Purchase)	Sum of the quantity of items received and rejected in all Goods Receipt documents raised with reference to the Purchase Order.
Rejected Qty (Discrete Production)	The quantity of the output item that has been rejected during the production process.
Rejection Code	The unique code identifying the reason for rejection of the inspected goods.
Release Date	The date on which BSO release slip is created
Release Segment in days	Indicates the duration in days from the Process run date, which would be considered for generation of Release Slips. For the given item, all approved PRs, the need dates of which fall within this duration would be consolidated to generate a Release Slip.
Release Slip Covered Qty	It is the quantity ordered for in the Release Slip against the selected demand, that is either the requested quantity in a Purchase Request or the quantity to be delivered to the customer in a Sale Order.
Release Slip No	Unique identification number representing the Release Slip Document.
Released Order	Work Order or Production order which is released to the shop floor for execution
Remitter	The name of the person or the organization that has made the payment.
Remitting Bank	The bank to which the instrument belongs.
Renewed Policy	An insurance policy that has been extended for a period of time after its expiry.
Reorder Level	Reorder Level is the stock level below which a stock replenishment action will be triggered by the system. This pertains to reorder planning.
Reorder Qty	Reorder Qty is the economic order quantity to be ordered when stock falls below the reorder qty.
Replacement Mode	The mode in which the replacement of returned goods is to be done. The options are “No-Replacement”, “Pack Slip”, “Credit Note” or “None”
Report Items	The headings that figure in the VAT declaration report. “Sales Invoicing”, “Own Consumption” or “Discounts / Rebates” are typical examples of the report items.
Report Status	The status of the VAT declaration report that is filed with the statutory authorities. It could be either “Declaration in Progress” or “Declared”.
Reporting Chart of Accounts	The framework of account codes created exclusively for the purpose of reporting the financial status of a company. This helps in interpreting the financial information of a company by logically grouping the various account codes. A unique ID identifies it.
Reporting Currency	The currency in which the report on consolidation process is generated. It could be the base currency or the parallel base currency of the company.
Reporting Structure	It is a logical grouping of “Posting” finance books for which simulation of the consolidation can be done.
Reqd Max Value	In Purchase transactions, this is the minimum value that is acceptable for a specific attribute for a given item.
Reqd Min Value	In Purchase transactions, this is the maximum value that is acceptable for a specific attribute for a given item.
Reqd Standard Qualitative Value	Specifies the desired character of attributes classified as qualitative, of the ordered item. Example, If item of blue color is desired, then the Reqd Standard Qualitative Value is "blue" for attribute "Color".
Reqd Standard Quantitative Value	Specifies the desired measurement of an attribute classified as quantitative, of the ordered item. Example, If item of length 5 cms is desired, then the Reqd Standard Quantitative Value is 5 cms for attribute "Length".
Request for Material Return	RMR is a document where the buyer specifies his intentions to return material(s) shipped to him by the seller.
Request ID	A unique number that identifies the request for a cost rollup.
Requester	The employee who has raised a request for any things.
Requestor ID	Unique identifier referring to the person who has requested for the material purchases. the Purchase Request.
Required Capacity	The capacity which is required to complete the task
Required Qty	Indicates the quantity of the item that needs to be ordered. This is the sum of all PR Balance quantities, that is the quantity yet to be ordered in each of the PRs.
Required Quantity	Required Quantity refers to the total quantity to be issued against a request
Residual Writeoff %	The percentage of amount that can be written off per transaction during adjustments.
Residual Writeoff Amount	The amount that can be written off per transaction during adjustments.
Resource	Anything that adds value to a product or service in its creation, production and delivery. In a production environment this refers to the labor, work centers, machines, equipment, transport vehicles, etc
Resource Calendar	It is the calendar attached to a resource. Derived from Company Calendar
Responsibility	The employee who is responsible for the cost center.
Resupply Qty	The number of units of the returned item that is to be resupplied by the supplier.
Retest Date	Retest Date of a lot controlled item is the date when it should be quarantined and tested to see if it still conforms to specifications. Retest Date = Manufacturing date + retest period. Retest date will always be less than the expiration date
Retirement of Assets	The process in which the assets of an enterprise are removed from its book of accounts.
Retirement Type	The method in which an asset is retired. It could be “Sale” or “Scrap”.
Return Note No.	The unique code identifying the Goods Return Note.
Return Note Qty	The total rejected quantity of the item that is to be returned to the supplier. It is the sum of GR Rejected Qty and Post GR-Movement Rejected Qty.
Return Rate	The unit rate of the item at which it is returned to the supplier.
Return Type	Denotes the types of material returns based on the rejection points. Possible values are GR Rejections, Warehouse Rejections, Line Rejections and Others.
Returnable	This indicates that the item will come back from customer once it is sold. For example, packages, containers
Returned Qty (Purchase)	Indicates the total quantity of items returned to the supplier subsequent to material receipts.
Returned Qty (Discrete Production)	The quantity of the input items issued in excess that have been returned to the stores
Revaluation Amount	The increase or decrease in the value of the asset through revaluation process.
Revaluation Basis	The basis on which an asset is revalued. It can be revalued either on the “Asset Cost” or on the “Revaluation Cost”.
Revaluation Depreciation Charge	The depreciation charged on the revalued cost of an asset.
Revaluation Option	Different method by which an asset can be revalued. An asset can be revalued based on index, percentage or an amount.
Revaluation Period	The “Open” financial period in which the account balances is to be revalued.
Revaluation Rule	Combination of properties used for revaluation such as revaluation option, revaluation type and revaluation basis
Revaluation Type	Type of revaluation can be upward for increase in asset value and downward for decrease in asset value
Revaluation Value	This indicates the amount of revaluation done for std cost items in stock
Revalue Cumulative Depreciation	Flag to include cumulative depreciation while performing revaluation.
Revalued Balance	The account balance subsequent to revaluation in the base currency or the parallel base currency of the company.
Reversal Journal Voucher	A type of journal voucher used to record transactions that are automatically reversed during a specified “Open” financial period.
Reversal Run No	A unique run number allocated while reversing the consolidation process that has taken place.
Reverse Company Consolidation	The process of reversing a consolidation by posting a reversal entry, which nullifies the original entries.
Rework Order	An order raised for a stock of an items that do not conform to specification. The rework is expected to completely eliminate the nonconformance. A unique number identifying the re-work order to be created for the selected item
RFQ	Document that solicits a quotation or offer from a supplier detailing the material requirements.
Risk Coverage %	The percentage of risk covered by an insurance policy for an asset.
Rough Cut Capacity Planning (RCCP)	The process of converting the master production schedule into requirements for key resources, often including labor, machinery, warehouse space, supplier’s capabilities, and, in some cases, money. Comparison to available or demonstrated capacity is usually done for each key resource. This comparison assists the master scheduler in establishing a feasible master production schedule. Bill of resources may be defined to perform RCCP.
Run Cap Units	The capacity of the resource that is required for the actual processing of the work order item
Run No	A unique number identifying the sequence of allocations that have been defined for a finance book for a particular accounting period
Run Qty	The quantity of the item required during the run time of activity
Run Time	The time duration required for the actual processing of the work order
Running Balance	The current balance in an account, which is calculated as the sum of derived opening balance and the derived amount.

SAD ID	A code identifying the file transfer payment mode supported by banks.
Safety Stock	A quantity of stock planned to be in inventory to protect against fluctuations in demand or supply.
Sale Order	Sale Order is a document to record customer requirement(s), which triggers the manufacturing/procument process to fulfill those requirement(s).
Sale Order Balance Qty	The quantity of items in Sale order that is yet to be delivered to the customer. If 100 nos of item X is to be delivered to customer, and only 40 have been delivered so far, then the Sale Order Balance Qty is (100 - 40) 60 Nos.
Sale Type	The type of Sale to be performed. Internal, External and Domestic are the types available.
Sales Channel	The channel through which sale happens e.g. retails, direct, wholesale, etc.
Sales Issue	The transaction that records issue of material for sale. This issue is done against a pick order or pick sheet or pack slip.
Sales Return	Sales return is document that records return of goods that are sold.
Sales UOM	Sales UOM of an item is the UOM in which sale orders of this item will be raised.
Salvage Value	The scrap or the recoverable value of an asset.
Schedule (Purchase)	Provides details on the frequency of despatches of the ordered items. Main information includes the quantities required and the due dates by when the material is to be received.
Schedule (Finance)	Comprises of account codes that can figure under a common heading. Multiple schedules when grouped together form a financial statement.
Schedule Date	The date on which the item quantities in the schedule as mentioned in the reference document need to be delivered.
Schedule No.	Unique identifier representing a particular schedule of the ordered items.
Schedule Qty	Indicates the quantity of items to be delivered on a specified date. This is a part of the total line quantity.
Schedule Type	Option to choose whether the requested quantity of subcontract items has to be delivered in a single go at one time (Single) or can be divided into multiple deliveries by the supplier (Staggered).
Scheduling	A process of optimizing the use of resources in which assignment of dates to specific work orders or activities is involved.
SCO Authorized Qtty	Indicates the quantity of the line item requested in the SCR for which SCOs have been raised and approved for processing.
SCO Covered Qtty	Indicates the quantity of the line item requested in the SCR for which SCOs have been raised but not necessarily approved.
SCR Authorised Qty	The quantity of the subcontract items requested in the SCR that has been authorized for further processing.
SCR Balance Qty	Quantity of subcontract items in the SCR that is yet to be covered by an ordering document.
SCR Covered Qty	Indicates the quantity of the subcontract item requested in the SCR for which ordering documents have been raised.
SCR Origin	Indicates the function group that has created a SubContract Request. Possible values are Manual, Production, Inventory and EAM.
SCR Type	Indicates the nature of the subcontracting process viz. Conversion, Service or Activity.
Scrap percentage	A percentage factor in the product structure used to increase gross requirements to account for anticipated loss within the manufacture of the particular product
Scrap Qty	The quantity of the item that is expected to be scrapped during production
Seasonal Adaptation Pattern	The pattern in which a budget can be defined or distributed for a financial period based on seasonal conditions prevailing in the business environment. It could be a yearly or periodical pattern. In the “Management Accounting” BPC it is used to apportion an “Aggregate” budget among the MAC periods in a specified ratio.
Segment	A logical grouping of various “Posting” finance books, which facilitates generation of MIS reports for a company. There could two types of segments – “Business Segment” and “Alternate Segment”.
Sensitivity Analysis	A method to analyze the impact of changes in certain variables (like price and quantity of items) based on the original data.
Seq. Rule Code	The unique code identifying the sequencing rules to be used for sorting or sequencing a set of work orders.
Sequence No	The number identifying the sequence or the order in which the schedules must figure in the layout.
Serial No Controlled	Serial No Controlled indicates if an item is serially controlled. If an item is serially controlled then system can keep track of the stock at unit level.
Serial No.	The unique code identifying each piece / unit of the item.
Service Level Factor %	A desired measure of satisfying demand through inventory or by current production schedule in time to satisfy demand.
Service Work Order	A Service Work Order is a document that records complete details of the activities that are carried out to fulfill a service requirement from a customer
Setup Cap Units	The capacity of the resource that is required during the setup sub-activity
Setup Qty	The quantity of the item required during the setup sub-activity
Setup Time	The time duration required for the setup sub-activity
Ship Partial	To choose whether partial shipment of consignment is to be allowed or not.
Ship To Customer	The customer code of the customer to whom goods are to be shipped.
Ship to Id	The address identification code of the customer where the goods are to be shipped.
Ship To Name	The name of the customer to whom the goods are shipped.
Shipment Type	Mode of transport which the consignment has taken
Shipping Document	Shipping document is a consolidation of packslips sent to the customer, along with the goods, indicating the details of the shipments such as items in the pack, carrier, vehicle, freight bill no., insurance no., packing information etc.
Shipping Plant	The plant of the selected warehouse where the output items are shipped to meet the demand. One plant can have many warehouses
Shipping Point	The organization unit from where the goods are shipped.
Shipping Tolerance	The acceptable quantity variation during the scheduled shipment which are agreed upon with the customer
Shipping Warehouse	The warehouses where the actual demands are placed can consume against a forecast warehouse where the demands are forecasted. Shipping warehouse stocks the items that come from Forecast warehouses and other sources of demand.
Shrinkage Factor	A percentage factor used to compensate for the expected loss during the manufacturing cycle of an item.
SIC Code	Standard Industrial Classification (SIC) codes are four digit numerical codes assigned by the U.S. government to business establishments to identify the primary business of the establishment
Simulate Allocation	The process of simulating an allocation process. This helps in having a view of the costs that are allocated.
Simulate Company Consolidation	The process of simulating the consolidation process to view the results. Financial entries will not be posted in the finance book subsequent to the simulation process.
Simulate Currency Revaluation	The process in which the account balances of the customers maintained in a currency different from the base currency and the parallel base currency of the company are revalued. Financial postings are not made subsequent to the simulation.
Simulate Depreciation Processing	The process to do a what-if analysis of depreciation for an asset. This simulation does not post financial entries.
Simulation Run No	A unique number assigned to the simulation process run.
Single Order Limit	The limit set for a single sale order raised on a customer.
Site	Site is a physical location. Site signifies the geographical location of the warehouse
Slack	The difference in calendar time between the scheduled due date for a job and the estimated completion date. Slack times can be used to calculate job priorities.
	Slack Time = (Due date – Present date – Total activity Time Remaining).
Source (Discrete Production)	Different sources available for processing the WO. The sources can be Production, Subcontract etc.
Source (Inventory)	Source refers to how the item is obtained – that is if it is purchased, manufactured etc.
Source Lot No.	The unique code given by the supplier identifying the lot to which the received quantity of the item belongs.
Source Serial No.	The unique code given by the supplier identifying each piece / unit of the item.
Source Sub-Lot No.	The unique code given by the supplier identifying the sub classification of the lot to which the received quantity of the item belongs.
Source Warehouse	The warehouse from which material is being stock transferred.
Spare Part	These items are used mainly spare parts for other major items. Some of the examples of spares are Gaskets, rubber rings which will be sold as spares in addition to as component in the main assembly
Standard Batch Qty	The number of units made between sequential setups at a resource (work center)
Standard Cost Revaluation	Quantity moved (at different standard) * Difference between the first standard and the rate at which moved.
Standard Item Costs	Cost per unit of item maintained as standard costs. These costs are compared with the actuals to calculate the variances on account of deviation in actual usage of material and resources in comparison with the planned ones.
Standard Notes ID	Code or identification number assigned for a note that can be reused and referred in multiple instances while attaching notes.
Standard Order Qty	The amount of a particular item that is ordered from the plant or a supplier or issued as a standard quantity to the production process.
Standard Packing lead time	The number identifying the lead time that is to be standardized for packing for each OU.
Standard Purchase Price	The standard price at which the item is procured from the standard supplier.
Standard Qualitative Value	The nominal value of the qualitative attribute when attached to an item.
Standard Quantitative Value	The nominal value of the quantitative attribute when attached to an item.
Standard Rate	The rate to be used for estimating a particular production activity performed by a cost center.
Standard Sales Price	The standard price at which the item is sold.
Standard UOM	This refers to the unit of measurement in which the value of a quantitative attribute is measured
Standard Warehouse	Standard warehouse of an item is the warehouse designated to stock that item.
Status	It is an indicator to the type and extent to which a document has been processed.
Stock status	This refers to the condition a material vis its quality or usage. There are 11 pre defined stock statuses available in the system.
Stock Transfer	Transfer of stock from one WH to other WH or from one unit to an other unit.
Stock Transfer Issue	The transaction that records issue of material when it is stock transferred in a shipping process. This issue is done against a stock transfer order.
Stock Transfer Note	The stock transfer note is raised when the stock are transferred from one warehouse to the other. The stock transfer note contains information pertaining to the item and the tax, charges and freight incurred during the transfer of the stock between warehouses.
Stock Transfer Order	Stock Transfer Order is a document requesting the transfer of stock from one organization unit to another.
Stock Transfer Receipt	Stock Transfer Receipt is a document in the stock transfer process that records the receipt of stock in a warehouse at the receiving organization unit.
Stock UOM	Stock UOM of an item is the UOM in which stock of this item will be maintained in system.
Stockable	This parameter determines if an item in this status can be stocked in a warehouse
Storage Allocation	This refers to specifications as to where an item can be stored in a warehouse and also whether a specific zone can store which items
Straight Line Method	A method of depreciation wherein depreciation is calculated as a fixed percentage every year of the original asset cost from the date of its purchase, so that the asset value is reduced to zero or a scrap value at the end of its estimated life
Sub Analysis Code	A budget can be analyzed further with the help of sub-analysis codes. A sub-analysis code must form a part of an analysis code.
Sub Lot No.	A sub lot is a specific batch within the lot, which can have its own attribute values. This is useful in situations where the lot has to be captured based on the raw material batch nos so that each shift production can be made as a sub lot.
Subcontract Issue	The transaction that records issue of material to sub contractors. This issue is done against a sub contract order, release slip or a blanket subcontract order as reference.
Subcontract Order	A legal ordering document detailing an agreement of outsourcing a specified operation from a subcontractor, with the necessary commercial details.
Subcontract Request	Requisition to procure a subcontracted item or service.
Subcontract Type	Indicates the nature of subcontracting process, namely Conversion, Service or Activity.
Sub-contracting	Outsourcing some or all activities of a work order to any external supplier. To have particular activities which are part of the production process carried out by external suppliers when there is a lack of capacity and/or specialised knowledge in an organisations own factory
Sum of Years Digit	A method of depreciation wherein depreciation is calculated as a proportion of the estimated remaining life of the asset at the beginning of every year to the sum of useful life of the asset The depreciation value is higher in the initial period and decreases towards the end of its useful life.
Sundry	These are items are not used regularly. These items cannot be planned and are mostly of one time use. These are items are not used regularly. These items cannot be planned and are mostly of one time use.
Sundry Receipt	A type of receipt that is raised for any miscellaneous payments received like settled VAT claims or insurance claims.
Supplier Classification	Option to select the classification under which the user wishes to place the supplier viz. Internal (Business Unit), Group Company and External Supplier.
Supplier Offer No	Unique identifier representing the quotation / offer sent by the supplier.
Supplier Order based Invoice	An invoice that is raised on a supplier, based on a purchase order, subcontract order, purchase release slip or subcontract release slip.
Supplier Receipt	A type of receipt that is raised on a supplier for a payment received from him.
Supply	The actual or planned replenishment of a product or component. The replenishment quantities are created in response to a demand for the product or component or in anticipation of such a demand.
Suspension Depreciation	Suspension period depreciation that is to be reduced from the depreciation charged for a period. This is usually if the asset is not put to use in a particular period.
Suspension Period	A time period during which the asset is not in effective use. This could be a period during which the asset has been sent for service or overhauling.
SWIFT No	A unique number used while transacting with international banks or PTTs.
Swiss VAT Registration ID	A tax registration number or identification issued to suppliers by the Swiss Government. This number is generally printed on the invoice documents and on the statutory VAT declaration reports.
System Quantity	Quantity is stock as maintained by system.

Tag	The printed sheet used for physical counting of stocks during physical inventory.
Tax Book	A book, similar to the finance book, used to record tax calculations. Taxes due at the end of a financial year are usually paid based on the calculations made in this book.
Tax Calendar	A period of time for which tax reports are published for a company as per statutory requirements. It could be termed as a combination of a tax year and its associated tax periods.
Tax Journal	A journal created to post details that have tax implications in the appropriate account as per the income tax requirements.
Tax Period	This is a subset of a tax year. The span of a tax period must be within the span of the tax year to which it is associated.
Tax Year	The duration of time for which tax entries are posted to retrieve tax reports. This year could be similar to the financial year and could be divided into multiple tax periods.
Taxable	An amount that incurs some taxes.
Taxable Amount	The amount for which taxes, charges or discounts must be calculated for a document.
TCD	Stands for Tax, Charge and Discounts.
TCD Basis	Specifies whether the TCD is to be charged based on a percentage value or unit rate of the item or on a flat basis.
TCD Class	Represent the user defined values in Type Set Up that are used for mapping financial account codes to the TCD codes defined.
TCD Code	Unique code identifying the TCD
TCD Computation	Indicates the method in which the taxes, charges and discounts are calculated for a document. It could be on the “Line Level” or at the “Document Level”.
TCD Level	Indicates whether the TCD amounts are applicable on the Purchase Order total value or on the value of a particular line item.
TCD Type	Specifies the type to which the TCD belongs viz. Tax, Charge and Discount.
TCD Variant	Represents the different numerical values that a TCD code can take.
Technical Evaluators	Name of the assessor or agency who would evaluate the technical aspects of the quotation received from suppliers.
Tested Qty.	Indicates the number of units of the received quantity of the item that was inspected.
Threshold Quantity	The quantity which will prompt the user to order for the next quantity break to get a better price
Time Bucket	The number of days summarised into one columnar display. A weekly time bucket would contain all of the relevant planning data for an entire week. Period for which forecast is created Viz., Daily, Weekly, Monthly,
Time fence	A policy or guideline established to note where various restrictions or changes in operating procedures take place for example, Changes to the master production schedule can be accomplished easily beyond the cumulative lead time, while changes inside the cumulative lead time become increasingly more difficult to a point where changes should be restricted. Time fences can be used to define these points.
Time Table	A table specifying the working times and non working times in a day for the resources.
To Be Reconciled Qty	The quantity to be reconciled is the difference between the actual quantity available with the subcontractor and the quantity expected to be available with him.
Todate Return Note Qty	The total quantity of an item that has been returned to the supplier till date.
Tolerance %	The percentage of variation in the exchange rates for a combination of currencies that is permitted during transactions.
Tolerance % (+ve)	The amount of deviation in terms of percentage the value of an entity can take, over and above its specified value.
Tolerance % (-ve)	The amount of deviation in terms of percentage the value of an entity can take below its specified value.
Tolerance Limit	The absolute amount of variation in the exchange rates for a combination of currencies that is permitted during transactions.
Tolerance type	Tolerance type is the type of verification to be done in a supplier's invoice. Indicates whether the invoice quantity or the invoice amount or both need to be verified with the corresponding order/receipt document values.
Tool	These are the items, which will be used in production and manufacture. The examples of tools are jigs, fixtures, gauges, drill bits etc.
Total +ve Issue Tolerance Qty	The sum of all the Issue Tolerance Qty (+ve) in the multiline
Total Budget Amount	The total amount that has been allocated for procurement of all the items incl. adhoc items.
Total Calculated Consumption Qty	The sum of all the calculated consumption qty in the multiline.
Total Consumption Value	This is the sum of the consumption values of all items procured from the supplier on consignment basis during the period for which the consumption report is made.
Total Debit Note Amount	Sum total of the amount debited to the supplier’s account against all the line items in the GRN.
Total Expected future Consumption Qty	The sum of all the Expected Future consumption qty in the multilane.
Total Issued Qty	The Quantity issued to the subcontractor in the reconciliation period. This is inclusive of the Adjustment Issue Qty.
Total Landed Cost	The total cost of procurement of the ‘Quantity Required’ against each of the selected Quotation or BPO.
Total Landed Cost (Per Purchase UOM)	The total cost of procurement per unit quantity of item in the Purchase UOM. This is obtained by dividing the Total Landed Cost by the Order Quantity
Total Operation	Defines total number of operations or activities involved in the completion of the order
Total Operation Time	This specifies the Total operation or activity time involved in processing the order.
Total Order Limit	The maximum limit set for the sale orders to be received from a customer.
Total PR Quantity	Indicates the sum total of the quantity of the item requested by all the selected PRs.
Total Purchase Lead Time	Total Purchase Lead Time is the sum of pre order lead time, process order lead time and post order lead time
Total Qty	Total Qty is the quantity on which action needs to be taken/suggested
Total Returned Qty	The quantity that is actually returned by the subcontractor against the Material adjustment action specified in the Reconciliation report of the previous period.
Total SCR Quantity	The sum total of the quantity of the item requested by all the approved SCRs that are referred in the current Sc Request for Quotation.
Total TCD Value	Sum of all the taxes, charges and discounts that are specified for the individual items in the BPO.
Total Utilized Amount	Indicates the total amount that has been utilized in transactions for procurement of all the items groups, item variants and adhoc items against the total allocated budget amount.
Total Value	Indicates the total amount payable to the Pay To Supplier and is the sum of the Basic Value and Additional Charges in the order document currency.
Total Variance	Difference between the standard cost of actual quantity (at which the item has been moved to Inventory) and the actual cost of the actual quantity (costs accumulated on that order).
Total -ve Issue Tolerance Qty	The sum of all the Issue Tolerance Qty (-ve) in the multiline
Traceability	Traceability of the cost elements are identified as direct and indirect based on their attribute with respect to the product produced. They are classified as direct when they can be directly attributed to a product and indirect when they cannot be directly traced to the product. Activity elements are always direct in terms of traceability.
Trade Type	Indicates the type of business to which a VAT category belongs. “Sales” and “Purchase” are the available trade types in Ramco Enterprise Series.
Transfer lot size	The quantity of an item moved between sequential resources during production.
Transferee Customer	Indicates the customer to whom the balances have been transferred.
Transferee Supplier	Indicates the supplier to whom the balances have been transferred.
Transferor Customer	Indicates the customer from whom the balances have been transferred out.
Transferor Supplier	Indicates the supplier from whom the balances have been transferred out.
Transhipment	When a consignment is transferred from one carrier to another enroute, it is called as transshipment
Transport Time	The time required for the job on this resource to move to the next resource in the shop
Transportation Mode	The mode of transportation agreed with the customer for shipping of ordered items.
Type Code	The user defined classifications of each of the entities.

Under-load %	A condition where required capacity for a resource or production is less than available capacity
% Under Load	Percentage of total hours of work outstanding at a work center that is below that work centers capacity.
Unit Price	The price of a single unit of the item
Unplanned Issue	The transaction that records issue of material without reference documents to various cost centers and organizational units. This type of issues can support emergency issues
Unrestricted Qty	Unrestricted quantity is the unreserved free physical stock available in inventory. This is readily available for any demand.
Unutilized Qty.	The balance quantity available for generation of release slips at a given Release Slip Organisational Unit with reference to a Blanket Purchase Order line number.
Usage	The description of the transaction that will use the account codes. The usages restrict the use of the account code based on requirement. Usages can be defined for additional account, asset account, bank / cash account, consumption account, item account, payables account, receivables account, sale account and VAT account.
Use up date to	If the decision is to use the inventory before implementing an EC, then upto what date should the inventory be used.
Useup wip / inventory	To use the existing inventory of the old item before implementing the Engineering change.
Utility	These are items which aid in production / manufacture of the finished component. These items utilized in the manufacturing process. Example of this item type could be grease, oil, lubricants etc. These items need to be planned and purchased.
Utilized Amount	Indicates the amount utilized against the specified Item Code and Variant in ordering transactions.
Utilized by	The Organisational Units for which the Budget amount has been apportioned to and used.
Utilized Quantity	Indicates the cumulative quantity of items procured as against the total quantity allocated either in a Blanket PO or in a Purchase Budget.
Utilized Value	It is the cumulative amount in transaction currency of all Release slips that have been approved with reference to the Blanket Purchase Order from the OU in question.

Valid From Date	The date from which a definition or entity is valid.
Value	Indicates the monetary worth of the goods ordered.
Variable Costs	Costs, which vary in, direct relation to the output. The more the output, the greater the cost.
Variable Proportion for CE – Product	The proportion of the variability of the input costs of cost elements specified in the budget defined for the entity “Cost Element – Product”.
Variable Rate	This is the rate per unit of the activity element, which varies in accordance with the level of activity of the basic activity element, which is mapped to the same cost center as the specified activity element.
Variable Rate / % for Flexible Budgeting	The flat rate or the percentage of variability of the amounts specified for a cost element while defining flexible budgets.
Variance Cost Center	The cost center to which all the variances determined by comparing the actuals with standards maintained at the time of order settlement, are accumulated.
VAT	Stands for Value Added Tax. A transaction tax that is paid by a company for the value addition made to the goods.
VAT Account Type	A logical group of account codes that is pre-defined for various VAT categories and is used to define the VAT accounting logic.
VAT Calendar	A period of time for which the VAT – paid / received are reported to the statutory authorities. It could be termed as a combination of a year and its associated periods.
VAT Category	A business / accounting rule applied on a pre-defined business transaction for account postings.
VAT Class	A variant and a sub-attribute of a transaction used for the purpose of analysis and reporting.
VAT Code	A mnemonic code that represents the VAT rate.
VAT Collectible Account Type	The account type pre-defined for grouping all the posting accounts of all the output or collectible tax. This is used by transactions in the sales cycle.
VAT Declaration	A report filed with the statutory authorities of a country giving information regarding the total sales turnover, vatable tax, total purchase tax value and the net VAT balance to be payable or refundable.
VAT Declaration At	The organization unit from which the VAT declaration report is generated for the company.
VAT Deductible Account Type	The account type pre-defined for grouping all the posting accounts of all the input or purchase tax for posting refundable tax. This is used by transactions in the purchase cycle.
VAT Exclusive Amount	An amount specified in invoices, debit and credit notes that does not include VAT.
VAT Group	It is a cluster of VAT codes. Items and variants, item groups, taxes and charges can also be mapped to a VAT group.
VAT Inclusive Amount	The amount specified on invoices, debit or credit notes that includes the VAT value.
VAT Journal	A type of journal voucher that is generated by the system for posting the VAT liability or receivables in the finance book.
VAT Non-Deductible Account Type	The account type pre-defined for grouping the posting accounts of all the input or purchase tax where the non-refundable portion of the tax is posted. This is used by transactions in the purchase cycle.
VAT Rate (%)	The percentage used to compute the taxable portion of an item or service. This rate is specified by the government and is applicable for the purchase and the sale of goods and services.
VAT Recapitulation	A report that shows the amounts for every VAT account that has to be paid to the statutory authorities.
VAT Setup	The process in which all information required for calculating and declaring VAT must be organized for the company. For example, defining VAT codes, groups and categories, mapping items to VAT groups, defining taxes and charges that are vatable and so on.
Vatable Charge	The document amount for which VAT must be charged.
Vatable Distributed Charge	The vatable charge for the document that has been apportioned for the individual lines of the same document.
Vatable Item Charge	The individual line item amount for which VAT can be charged.
Vatable Tax	A tax that incurs VAT. This type of tax can be used in transactions that incur VAT.
VED	This pertains to classification of items on the basis of criticality of an item in the business process. VED stands for Vital, Essential and Desirable
Version No.	Indicates the number of modifications made to the subcontract BOM. The “Version No." is initially assigned the value 1, and incremented sequentially for every modification made thereafter.

Wait Time	The time a job remains at a resource after an activity is completed until it is moved to the next activity.
Weightage %	The percentage of weightage based on which the credit rating is calculated for a customer.
Weightage Factor	The proportion of the weight-age that must be accorded to the cost element.
WIP Adjustment account	Work In Progress Adjustment Account is the account to which all the additional order costs recognized by MAC would be posted to.
WIP Cost Center	The costs incurred for an order when the work is in progress are accumulated under this cost center. This accumulation helps to view the costs for an open order at any point of time.
Work Order	A document, group of documents or schedule conveying authority for the manufacture of specified parts or products in specified quantities. It specifies the components and activities required to produce the desired item.
Work Order Closure	Refers to the completion of the work order, and the manufacturing closure of the same. The actuals cannot be changed on a work order, once it has been closed for manufacturing. Subsequent to work order closure, adjustments may be passed in management accounting before the final order settlement process.

XYZ value

This pertains to XYZ classification of items on the basis of stock value. Items with high value in stock comes under X and low stock value items come under Z. Y stands for intermediate value

Yield %

The ratio of usable output from a process to its input

Zero Item Rate

Item whose value is zero.