R - Definitions

  • R

    rapid prototyping

    Rapid prototyping is the speedy creation of a full-scale model.  The word prototype comes from the Latin words proto (original) and typus (model).

  • replenishment

    Replenishment refers to the movement of inventory from upstream -- or reserve -- product storage locations to downstream -- or primary – storage, picking and shipment locations.

  • revenue recognition

    Revenue recognition is a tenet of corporate financial management that defines when a company officially accounts for revenue.

  • reverse logistics

    Reverse logistics occurs after the sale of a product, such as returning a product to the manufacturer or sending it along for processing in the final stages of its lifecycle.

  • RFI (request for information)

    An RFI (request for information) is a formal process for gathering information from potential suppliers of a good or service.

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