ForecastRx Terms & Definitions

1. ASIN (Amazon Standard Item Number): Conditional field for tracking Amazon shipments
2. Date of Sale: The date of the purchase
3. Days Units Shipped: Historic sales over a period of time
4. Demand - Supply: Raw number indicating how many units to reorder not taking into account MOQs, safety stock, or lot multiples. Use "recommended qty" or "purchase qty" when reordering.  
5. Description: Text field for the user input item title or description
6. PO Date: The day the purchase order was created.
7. Receive Date: Latest expected arrival date of a purchased item
8. Existing PO Qty: Quantity of an item on existing POs prior to the last forecast
9. EAN (European Article Number): A 13-digit barcoding system, expanding upon the 12-digit Universal Product Code (UPC), designed for enhanced product identification and tracking.
10. FBM (Fulfilled by Merchant): The seller will control the entire storing, packing and shipping process
11. FC (Fulfillment Center): The place that stores, packages, and ships orders to customers
12. FNSKU (Fulfillment Network Stock Keeping Unit): A unique identifier that assigned to each SKU
13. Item Name: The name your items are referred by, typically SKU.
14. Kits: Custom configurations of products sold on Amazon, such as multi-packs and bundles
15. Lead Time: The number of days it takes for the item to become saleable, including any assembly/manufacturing, from the time you place the order
16. Lot Multiple Qty: multiple an item must be ordered from your supplier; case pack qty
17. MOQ: The minimum order quantity your supplier requires you to purchase at a time
18. MTD Units Sold (Month-to-Date Units Sold): The total number of units sold from the beginning of the current month to the present
19. On Hand Qty: The amount of current inventory you have in storage or at a place of sale
20. On Hand Sync: Data sync pulling in current on-hand quantities from your data source; only turn this feature off if your data source has inaccurate information or is not up to date
21. Open Qty: Outstanding units on a purchase order; units that have not been received
22. Open Sales Order Qty: The unfulfilled quantity from backorders or future sales orders
23. Order Interval: The preferred number of days between placing purchase orders.
24. Order Qty: Total units ordered
25. POs (Purchase Orders): The orders that are placed from suppliers
26. Projected OOS Date: The date the item will be out of stock if not restocked beforehand
27. Projected Sales: Prediction of future sales within your sales horizon (lead time + order interval) 
28. Purchase as: Input the item name you purchased it from your supplier if it is ordered under a different name than you sell it as. 
29. Sales Order Qty: The fulfilled quantity
30. Service Level: safety stock level; is a percentage that represents the expected probability of not hitting a stock-out. It represents a trade-off between the cost of inventory and the cost of stock-outs.
31. SKU (Stock Keeping Unit): A unique identifier assigned to a specific product or item
32. Tag: User-defined field to help filter items; for example, save tags as item colors or sizes
33. Target Order Value: The target that the seller sets for each supplier
34. Warehouse Qty: The amount of current inventory you have in a place of storage and not yet saleable
35. UPC (The Universal Product Code): The standardized barcode system that allows stores to track inventory and sales
36. YTD Units Sold (Year-to-Date Units Sold): The total number of units sold from the beginning of the current year up until the present day

If you have additional questions, contact our support team at ForecastRx Support.

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