RAMRandom Access Memory-computer
memory that temporarily stores instructions and data to be accessed by your
processor. |
RFxAn RFx is a catch-all term that refers to any document that is a 'request for' something. It represents documents like requests for proposals (RFPs), request for quotations (RFQs) and more. |
RIFD TagsAre a type of tracking system that uses radio frequency to search, identify, track, and communicate with items and people. |
RO-RORoll-on/roll-off or RO-RO is the term given when freight is loaded onto a road vehicle at some inland origin, the vehicle is then driven to an appropriate port and, upon arrival at port, driven straight onto a vessel. |
RackingRacking (in a warehouse) is defined as: A vital part of a warehouse infrastructure (consisting of steel upright structures) that uses frames, beams, and connectors to support raw material, components and finished goods that are to be kept in storage |
Radio-Frequency Identification (RFID)A technology that uses radio waves to transmit product data from an electronic RFID tag or label (which is attached to the object) through a hand-held reader – to make tracking and identifying the object easier |
RandomnessRandomness is another factor that affects time series data. Randomness re-fers to unexpected events that may distort trends that otherwise exist over the long-term. Events such as natural disasters, political crisis, and the out-break of war can result in temporary distortions in trends. |
Rated ResponseWhen responses are ranked on a scale |
Rating ScaleIs a variant of the popular multiple-choice question which is widely used to gather information that provides relative information about a specific topic. |
Rational NumberA rational number can be expressed as a fraction (proper or improper) |
Raw MaterialsThe items that are purchased or the materials extracted which are then transformed into components or products using a manufacturing process |
Re-Assessment (RA)The consideration or assessment of something again, in the light of new or different factors. |
Re-Order Point (ROP)The reorder point is the level of inventory which triggers an action to replenish that particular inventory stock. It is a minimum amount of an item which a firm holds in stock, such that, when stock falls to this amount, the item must be reordered. |
ReactiveWhen something needs to be fixed and corrective action is taken afterwards |
Reading / Viewing StrategiesSkills and approaches used before, during and after reading/viewing to determine the meaning and increase understanding of a text. Examples are: Scanning: a type of reading/viewing used to locate a particular piece of information without necessarily attending to other parts of a text. Skimming: a type of reading/viewing used to identify only the main idea or ideas or to pick out any words in capitals/ in italics/underlined, as well as any visuals or font indicators that would help a reader/viewer to understand a passage. Sifting: selecting the most important ideas, words, facts or finding only those details relevant to a task or purpose. |
Real-TimeRelating to a system in which input data is processed within milliseconds so that it is available virtually immediately as feedback to the process from which it is coming, |
RebuttalStatements claiming that some proposition is untrue or incorrect. A team uses the rebuttal time to refute statements made by the opposition |
RecalledA returned item |
Receiving ProcessWhen inventory is received |
RecessionA period of reduced economic activity. |
Recommended. Agree. Perform. Input. Decide - Chart (R.A.P.I.D)Assigns owners to the five key roles in any decision. When the roles involved in decisions are clearly delineated, teams and organizations make the right choices—swiftly and effectively. RAPID®: Bain's tool to clarify decision accountability. |
RecordsDocuments which provide systematic and objective evidence |
RecoveryThe stage when business activity starts to improve. |
Reduce ProfitAn increase in cost of goods sold per unit that is not accompanied by an equivalent or greater percentage increase in selling prices will result in a lower gross profit. With expenses remaining at a constant level, such a decrease in gross profit will reduce your net profit. |
RefundThe action to pay back money to a customer who is not satisfied with goods or services bought from a company. |
RegisterSpeech/signing variety used by a particular group of people, usually sharing the same occupation or the same interests. A speaker/writer/presenter/signer must choose signs/words/images that are easily understood by the listener/reader/viewer/audience - the pitch must suit the purpose |
Registered Standardsmeans standards or qualifications registered on the NQF; |
Reinforcement advertising Aims to convince current purchasers they made the right choice. |
Relationship ManagementRelationship Management refers to a strategy put in place by an organisation to consistently evaluate, supervise and maintain relationships between companies and external and internal partners. Relationship management strives to create partnership and collaboration between various stakeholders. |
RelevanceRelevance is the concept of one topic being connected to another topic in a way that makes it useful to consider the second topic when considering the first. |
Reminder advertising Aims to stimulate repeat purchases of products and services. |
Renewable EnergyIs energy that has been derived from earth's natural resources that are not finite or exhaustible. |
Repented(noun) 1. A word, sound, or phrase that is repeated; a refrain. 2. Mathematics The digit or group of digits that repeats infinitely in a repeating decimal. |
Repetend1. A word, sound, or phrase that is repeated; a refrain. 2. Mathematics The digit or group of digits that repeats infinitely in a repeating decimal - http://www.thefreedictionary.com/repetend |
Request For Quotation (RFQ)Request for Quotation. A document which is prepared according to a scope of work required by a purchaser. The RFQ will outline the requirements of the purchaser and invite bidders to put forward a proposal. |
Request for Proposal (RFP)A document that solicits proposal, often made through a bidding process, by an agency or company interested in procurement of a commodity, service, or valuable asset, to potential suppliers to submit business proposals. |
ResearchSystematic investigation to establish facts or collect information on a subject. |
ResolutionA formal statement of the proposition. Ex. “Be it resolved that the government should eliminate taxes on the purchase of reading material” |
Resource BillA Resource Bill is similar to a Bill of Material in that it provides details of the resources that are required in order to manufacture a product. It will provide information such as the production line or work centres which will be used, the number of hours needed for each stage of a job, the labour required and any critical resources or milestone operations. |
ResourcesA supply of money, materials, staff and other assets (knowledge & machines) that is available to a person or organisation in order to function effectively Available supply that can be drawn on when required.In a working environment this could range from a computer, to pens and pencils in an office to wrenches, screwdrivers, calibrators, tape measures and forklifts in a workshop or factory
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RespondentA person who is providing responses to your survey |
Response SetA tendency for a respondent to answer a series of question in a certain direction regardless of their content. |
ResponsibilityThis is the obligation to do something. It is the duty of the responsible person to satisfactorily perform or complete organisational tasks, functions or activities assigned to them. Authority and responsibility go side by side. When authority is delegated then some responsibility for getting the assigned task is also fixed. One can delegate authority but not responsibility |
ResponsibleHaving the job or duty of dealing with or taking care of something or someone; able to be trusted to do what is right or to do the things that are expected or required. |
ResultsA thing that is caused or produced by something else; a consequence or outcome. |
Retail OutletA business that buys goods directly from manufacturers/wholesales and resells to customers |
RetailersSell to the public. |
Retained EarningsNet Profit to date The retained earnings of a corporation is the accumulated net income of the corporation that is retained by the corporation at a particular point of time, such as at the end of the reporting period |
Return on Assets (ROA)The return on assets shows the percentage of how profitable a company's assets are in generating revenue. In financial analysis, it is the measure of the return on an investment in Assets. ROA is used in evaluating management's efficiency in using assets to generate income. |
Return on Invested Capital (ROIC)The percentage amount that a company is making for every percentage point over the [Cost of Capital. | Weighted Average Cost of Capital (WACC). More specifically the return on investment capital is the percentage return that a company makes over its invested capital. However, the invested capital is measured by the monetary value needed, instead of the assets that were bought. Therefore, invested capital is the amount of long-term debt plus the amount of common and preferred shares |
Return on InvestmentA ratio that shows how much profit a company can generate from its assets. |
Return on Investment (ROI)The gain or loss on an investment compared to investment |
Return on SalesReturn on sales, often called the operating profit margin, is a financial ratio that calculates how efficiently a company is at generating profits from its revenue. ... The return on sales formula is calculated by dividing the operating profit by the net sales for the period |
RevenueThe income of a business or product; the money it generates |
Reverse DropSequence of loading a delivery; to ensure that the goods to be delivered first are loaded last |
Reverse LogisticsRefers to collecting returns (e.g., surplus, damaged or recalled goods) and bringing them back to the depot/ warehouse and integrating them back into the system (i.e., for scrap, repair, or replacement, etc). |
Revise/Revisionthe process of reworking or re-seeing writing, which includes: considering changes in audience, purpose, focus, organization, style; elaborating, emphasizing, clarifying, or simplifying text (adding, deleting, reordering, or substituting) |
Revolving Credit LoanA loan against securities, such as property,
where once a certain amount of the debt is repaid, the loan may be renewed to
the original amount. |
Rhetorical QuestionA question not asked for information but for dramatic effect. The question is usually either one that does not need an answer, as the issue is self-evident, or one that the speaker/signer/writer/presenter proceeds to answer immediately. A question where an answer is not expected; often used to involve the audience and create interest. |
RightAn entitlement to something, whether to concepts like justice and due process or to ownership of property or some interest in property, real or personal. |
Right MixThe assortment or variety of products offered by a retailer and can be described in terms of breadth, length, depth and consistency. Breadth or width refers to the number of different product lines or categories a retailer offers customers. |
RiskA situation involving exposure to danger |
Risk CostsMeasures to alleviate risks are called risk costs for example the risk might be theft thus the cost would be CCTV cameras |
Risk ManagementThe process of identifying, assessing and controlling threats to an organization's capital and earnings |
Risk ToleranceThe extent or level to which risks can be handle. |
Risk listingThe suspension and ultimately the deletion of a supplier from the Supplier Corporate Catalogue and the Supplier Master as a result of irregular conduct |
Role PlayA dramatic technique in which participants act the part of another character, usually in order to explore the character’s thoughts, feelings, and values |
Rolling StockRolling stock is the term used for anything on rail wheels by the railroad industry. The term includes freight cars, flat cars, locomotives, tank and other vehicles that make use of steel wheels and goes on the railroad tracks. |
Root Cause Analysis (RCA)Root cause analysis (RCA) is defined as a collective term that describes a wide range of approaches, tools, and techniques used to uncover causes of problems. |
Rough Cut Capacity PlanningThe process of converting the MPs into requirements for key resources, often into labour, machinery, warehouse space, suppliers capabilities, and in some cases, cash. Comparison to available or demonstrated capacity is usually done for each key resource |
Rough Cut Capacity Planning (RCCP)Verifies that you have sufficient capacity available to meet the capacity requirements for your master schedules. RCCP is a long-term plan capacity planning tool that marketing and production use to balance required and available capacity, and to negotiate changes to the master schedule and/or available capacity. |
Route FormForm to be completed by a requestor for supplier application and accreditation |
RoutingInformation detailing the method of manufacture of a particular item. It includes the operations to be performed, their sequence, the various work centres involved, and the standards for set-up and run |
Routing FileInformation detailing the method of manufacture of a particular item which is stored in the ERP system |
Run chartA run chart is a graphical representation of statistical information which provides data on how a process is performing over time. By examining and analysing a run chart, you can determine if a process is out of control. The most common type of data used to construct the charts are ranges, averages, percentages/counts, and individual process attributes. |
Running Sum of the Forecast Errors (RSFE)The RSFE is the arithmetic sum of the differences between actual and forecasted demand for the periods being evaluated |
Running costsCost of fixed assets. |