Inventory management definitions and inventory terms beginning with the letter E
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eCommerce, or electronic commerce, consists of the buying and selling of products or services over the Internet.
EDI, or electronic data interchange, is the electronic exchange of information, by pre-defined message standards, with a minimum of human involvement.
EDI integrated software
EDI integrated software is fully-compliant EDI software that enables businesses to conduct fully-automated EDI transaction processing.
EDI order processing
EDI order processing ensures supplier compliance, hastens order fulfillment, and nearly eliminates all potential for errors through automation.
EDI transaction 810
EDI transaction 810 (EDI invoice) sends the invoice electronically from a company to the EDI trading partner’s system.
EDI transaction 850
EDI transaction 850 (receipt of an EDI Purchase order) sends the purchase order electronically from the EDI trading partner’s system to the supplier company. Upon receipt, the purchase orders is imported as a sales order.
EDI transaction 856
EDI transaction 856, (ASN or Advance Shipping Notice) is an electronic notification of pending deliveries, similar to a packing list.
EDI transaction 997
EDI transaction 997 (Acknowledgements) are electronic acknowledgment messages sent automatically between systems.
effective lead time
Effective lead time is the time from purchase order to receipt of inventory, plus additional time for processing until the stock is available.
electronic data interchange
Electronic data interchange, or EDI, is the electronic exchange of information, by pre-defined message standards, with a minimum of human involvement.
electronics distribution software
Electronics distribution software is software designed specifically for electronics distribution companies that includes inventory, distribution & business management functionality, as well as unique features required by the electronics distribution industry.
enterprise resource planning
Enterprise resource planning, or ERP, integrates inventory management, purchasing, warehousing, sales, marketing, shipping, and customer service together in one system.
An environmentally-friendly business, or eco-friendly business, is a company that is/has made a conscious effort to green their business environment.
ERP software, or enterprise resource planning software, is company-wide integrated software with extensive productivity enhancements, decision support tools & system access options.
Excess inventory, also called excess stock or overstock, can be resolved by analyzing demand and then lowering on-hand inventory for slow moving stock, also resulting in a one time cash increase.
An expedited order is a special order situation where an order is rushed through the fulfillment process in an effort to increase customer receipt.