As of Date

The last date for which a report or process includes data.

Average Inventory

The average inventory in PeopleSoft Inventory Planning is one half of the average lot size, plus the safety stock when demand and lot sizes are expected to be relatively uniform over time. When demand and lot sizes are not uniform, the stock level versus time can be charted to determine the average.

Business Unit

An ID that represents a high-level organization of business information. You can use a business unit to define regional or departmental units within a larger organization.

Calendar

A PeopleSoft Inventory Policy Planning feature for defining the start and end dates for each time-phased period. Calendars also contain daily weights for distributing raw data into different period buckets.

Carrying Cost

A value that shows the cost associated with holding a dollar's worth of inventory for one year. The value appears as a percentage.

Control Group

A feature for setting up order quantity, safety stock, reorder quantity, and maximum and minimum policies. The system assigns the control group to a set of planning items. The policies of the associated planning items can be set explicitly or can be populated by the policies on the policy control group.

Cycle Procedures

PeopleSoft Inventory planning tasks that must be performed on a regular basis to ensure an up-to-date inventory policy. The tasks can be performed either at the end of a processing period or within the period and should always be performed if the forecast or control group or policy item parameters change. Tasks include generating a policy and reviewing Work Queue alerts.

Days Supply

A method used with several types of inventory policies. This method indicates that a specific number of days of supply for an item should be used to calculate the item's inventory policy.

Description

Enter up to 30 characters of text.

Effective Date

The date on which a table row becomes effective; the date that an action begins. For example, to close out a ledger on June 30, the effective date for the ledger closing would be July 1. This date also determines when you can view and change the information. Pages or panels and batch processes that use the information use the current row.

Fixed Quantity

An inventory policy method that defines a fixed amount of an item to be ordered to meet replenishment needs. This method can be selected as an inventory policy for order quantity, safety stock, reorder point, and minimum and maximum parameters.

Historical Usage Calculation Method

A method that defines the set safety stock or minimum inventory level. The usage is based on the review of historical demand over the number of effective periods. The historical demand quantity is determined by one of four methods: maximum possible usage, lead time, estimated daily or period use, and static values calculations.

Inherit

A feature that controls whether the policy for an item is set explicitly or appears by default from the associated policy control group. A series of check boxes enable you to define which policies to inherit.

Inventory Policy

A set of rules that controls how inventory policy values are calculated for items. Inventory policy is defined at the policy control group and stockkeeping-unit levels. The elements that make up inventory policy are order quantity, safety stock, reorder point, and minimum and maximum policies.

Item

See Maintaining Policy Items.

Language or Language Code

The language in which you want the field labels and report headings of the reports to print. The field values appear as you enter them.

Language also refers to the language spoken by an employee, applicant, or nonemployee.

Lead Time Estimated Usage

A method for calculating historical usage of an item. The historical demand is prorated on a daily basis and then multiplied by the number of days lead time for each effective historical period. The maximum period value is then used as the safety stock or minimum stock level. This method should be used for items that have a steady demand pattern throughout each period.

Lead-Time Period Usage

A method for calculating historical usage of an item. The purchase lead time is rounded up to a specified number of periods. The historical demand is calculated as the maximum usage during these periods and the safety-stock or minimum-stock level is set to this value.

Maximum Method Policy

A policy that controls the way in which the system determines a reasonable high limit for the maximum inventory level of an item. The system provides warning messages when the inventory level exceeds the maximum level.

Minimum Method Policy

A policy that controls the way in which the system determines a reasonable low limit for the minimum inventory level of an item. The system provides warning messages when the inventory level drops below the minimum level.

Once, Always, and Don't Run

Select Once to run the request the next time the batch process runs. After the batch process runs, the process frequency is automatically set to Don't Run.

Select Always to run the request every time the batch process runs.

Select Don't Run to ignore the request when the batch process runs.

Order Quantity Policy

A policy that determines how replenishment order quantities are calculated for an item. For example, you can use a static number, provide upper and lower limits, or use an economic order quantity this is calculated by the system.

Period Method

A method used to determine how a single static-policy value is to be calculated from time-phased results with static policies.

Percent Cycles Without a Shortage

A method used with safety-stock policies. The value is derived from the percentage of replenishment cycles that are to complete without a stockout.

Percent Demand Fill

A method that can be used with safety-stock policies. This method defines the percentage of the total quantity ordered that must be filled without a backorder.

Policy Control Group

See Creating and Maintaining Policy Control Groups.

Policy Item

An item record that is related to a location and for which inventory policy is held. A policy set, planning item ID, and location ID uniquely identify a policy item. The combination of an item and a location is called a stockkeeping unit.

Policy Set

Defines a set of the items for which inventory policy is to be calculated. Each policy set is assigned a unique ID and includes information that defines, for example, the associated map ID, time periods, and planning horizon.

Policy Simulation

A feature that simulates the effects of various stocking scenarios, compares current policy with simulated policy, and determines the best inventory investment strategy.

Process Frequency

Values are:

Once: Runs the request the next time that you run the batch process. After you run the batch process, the process frequency is automatically set to Don't Run.

Always: Runs the request every time that you run the batch process.

Don't Run: Ignores the request when you run the batch process.

Process Monitor

Click to access the Process List page, where you can view the status of submitted process requests.

Reorder Point Policy

A policy that determines when a replenishment order launches for an item. The policy has several methods that include days supply, lead-time demand, and fixed quantity.

Report ID

The report identifier.

Report Manager

Click to access the Report List page, where you can view report content, check the status of a report, and see content detail messages (which displays a description of the report and the distribution list).

Request ID

An ID that represents a set of selection criteria for a report or process.

Run

Click to access the Process Scheduler request page, where you can specify the location where a process or job runs and the process output format.

Safety-Stock Policy

A policy that determines how safety-stock quantities are calculated for an item. The policy has several methods that include days supply and percentage of demand fill.

Set

See Creating and Maintaining Policy Sets.

SetID

An ID that represents a set of control table information, or tablesets. Tablesets enable you to share control table information and processing options among business units. The goal is to minimize redundant data and system maintenance tasks. When you assign a setID to a record group in a business unit, you indicate that all of the tables in the record group are shared between that business unit and any other business unit that also assigns that setID to that record group. For example, you can define a group of common job codes that are shared between several business units. Each business unit that shares the job codes is assigned the same setID for that record group.

Short Description

Enter up to 15 characters of text.

Status

Values are A (active) or I (inactive). The linking status and effective date enables you to retain historical information and plan future changes.

User ID

An ID that represents the person who generates a transaction.

Work Queue

A PeopleSoft Inventory Policy Planning feature for reviewing and working with exception alerts created during the processing of policy item data.