Check out our Healthcare terms glossary
Real-time
Management system access that involves information being processed and saved at the same time it is acquired from peripheral units, making it immediately available to interested users.
Record
Single element of an electronic archive which contains information relating to an item, a supplier, a storage cell or other.
Reorder level
Stock quantity level that is controlled by the issue of an order. The reorder level is usually calculated by considering the demand during the lead time and the safety stock.
Reordering costs
The total cost of issuing a repeat order of an item, externally from a supplier, or for an internal product. Costs may include elements to cover order preparation, administration and IT overheads etc.
Replenishment
The process by which the stock of a particular item is replaced in the warehouse or at the store.
Reserved stock
A certain quantity of stock that has been reserved, but not yet issued from stock.
Return (Path)
Route tracing method in the picking area according to which the operator enters the aisles in which he needs to perform picking and travels through each aisle to the farthest picking position then returns back and leaves the warehouse by the same access aisle from which he entered.
Reverse Logistics
Management of the flows of returning materials (returns, packaging, hazardous waste) from customers to suppliers or to appropriately prepared collection centres. This needs to be managed in order to achieve savings and also safeguard the environment at the same time.
