Healthcare

We help you discover the technical terms and acronyms of the Healthcare industry.

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Order consolidation

Process by which Load Units from different picking operations are brought together and sent to individual customers or individual destinations. It includes the final checking operations when shipping documents are matched.

Order Cycling System

This method involves taking inventory at predetermined intervals, such as every 30, 60 or 90 days and then placing orders to ensure there is sufficient stock until the next inventory is taken.

Order Form

This is a form that is completed on the web in order to place a purchase order.

Order fulfilment

Term that indicates the complex procedure triggered by an Order Form, such as the collection of the ordered goods from the warehouse and their shipment by carrier. This process also includes any possible complications and exceptions such as errors in the orders, partial shipments, returns and replacements.

Order management

Acquisition and processing of data relating to orders. Note: order management is sometimes limited to orders to suppliers.

Order picking

Picking method in which the mission of each individual warehouse operator is to fulfil a complete order or a fraction of the order.

Order planning

The planning necessary to carry out orders over subsequent periods, given the delivery times agreed for the orders and the time necessary for the various operations that must be carried out for each order and dependent on the resources available and requested.

Order point

The management model for the material inventory using an order point involves re-ordering a purchase lot every time the stock drops to the level set as the order point.

Order processing

The series of activities required to process an order.

Order-notify

This is a shipment requiring the consignee to surrender the original endorsed bill of lading at delivery. A shipper may use this method to guarantee payment for goods shipped. It’s most commonly used with truckload shipments.