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Glossary
I/O
input/output
IDEA
International Data Encryption Standard is a crypographic alogorithm
import batch from outside application
users can import information from outside applications in the form of a ready-to-post batch, as if the information has been posted from a submodule
inactive accounts
accounts where information cannot be be posted, until they are made active by the user
infinite loading
jobs are assigned to a work center using a time calculation, rather than capacity
initialization run
in inventory, an initialization run is when inventory is counted to determine policy, such as when inventory is needed, and how it will be used in the company
intercompany accounts
accounts that are used to collect revenue and costs relating to transactions between related entities
internal queue move times
the amont of time it takes for an item or product to move in the company
inventory management
Inventory management tracks the ins and outs of a product, down to its color and size level. It uses capabilities such as purchase order processes (PO), receipt processes, allocation processes, distribution processes, transfer processes, style consolidation processes, physical count processes, and inventory freeze processes.
inventory optimization
consists of tools used by merchandisers to make important buying and selling decisions regarding inventory. Though vendors employ different terms, (such as strategic merchandise management, merchandise and assortment planning, planning decision support, and replenishment) to describe inventory optimization, they refer to software that helps merchandisers make accurate decisions and ensure products are placed at the right time, price, and place. The tools used by inventory optimization often include planning, forecasting, replenishment, and stock optimization.
inventory valuation
the value of inventory, either at cost, or at market value
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