Inventory Glossary - E

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E

encumbrance

See purchase order encumbrance.

encumbrance type

An encumbrance category that allows you to track your expenditures according to your purchase approval process and better control your planned expenditures. You can set up separate encumbrance types for each stage in your purchasing cycle to track your spending at each level. Examples of encumbrance types are commitments (requisition encumbrances) and obligations (purchase order encumbrances).

end item

Any item that can be ordered or sold. See finished good and product

engineering change order (ECO)

A record of revisions to one or more items usually released by engineering.

engineering item

A prototype part, material, subassembly, assembly, or product you have not yet released to production. You can order, stock, and build engineering items.