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 is the set of activities that is conducted after the sale of a product, such as servicing, refurbishment and recycling, for the purpose of recapturing value or proper disposal.

  • RFI (request for information)

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

  • right to repair (electronics)

    Right to repair is the legal concept that allows consumers to repair the products they buy, or choose their own service providers instead of going through the manufacturer.

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