Inventory Glossary - O

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O

on-hand quantity

The physical quantity of an item existing in inventory.

option class item

An item whose bill of material contains a list of related options.

order setup cost

The fixed cost associated with placing an order of any quantity for an item.

organization

A business unit such as a plant, warehouse, division, department, and so on. Order Entry refers to organizations as warehouses on all Order Entry windows and reports.

organization-specific level attribute

An item attribute you control at the organization level.

outlier quantity

The amount of sales order left over after the maximum allowable amount (outlier update percent) was used to consume a forecast.

outlier update percent

The maximum percent of the original quantity forecast that a single sales order consumes. It is used to limit forecast consumption by unusually large sales orders

outside processing

Performing work on a discrete job or repetitive schedule using resources provided by a supplier.