MB-330 flashcards
MB-330 · Build recall with a focused review session.
32 cards. Read the term and the definition here. The deck at the top of this page is optional.
- Product master
- An item definition that uses product dimensions (configuration, size, style, color) to generate variants; the master itself is a template and each variant is a distinct item that can be released to legal entities.
- Storage dimension group
- Controls which physical dimensions track an item: Site, Warehouse, Location, and Inventory status. Each dimension has flags for Active, Primary stocking, Physical inventory, Financial inventory, and Coverage plan by dimension.
- Tracking dimension group
- Defines serial and batch control plus the Owner dimension for an item. Serial number control can be None, Per unit, or Per quantity, and batch number control None, Per quantity, or Per unit.
- Item model group
- Sets inventory policy for an item, including whether negative physical and financial inventory is allowed, the inventory model (FIFO, LIFO, weighted average, moving average, standard cost), and the ledger posting accounts.
- Released product
- The legal-entity record created when a product or product master is released; only released products can be used on sales, purchase, production, transfer, and inventory transactions.
- Product lifecycle state
- A configurable state assigned to products and released products, for example Draft, Active, or Archived; states can be marked active for planning so excluded products are omitted from master planning.
- Configuration technology
- The method a product master uses to generate variants: predefined variants, dimension-based configuration using configuration dimensions and rules, or constraint-based configuration built in a product configuration model.
- Inventory close
- A periodic process that settles inventory issues against receipts and adjusts issue cost for the closed period. Closing cannot be reversed, and backdated transactions make an inventory recalculation necessary first.
- ABC classification
- Classifies items into A, B, and C groups by cumulative percentage of inventory value or revenue so that counting frequency and control effort concentrate on the highest-value items.
- Counting journal
- An inventory journal where physically counted quantities are entered; posting creates adjustment transactions that align system on-hand quantity with the counted quantity for the specified inventory dimensions.
- Inventory status
- A storage dimension used to block stock, for example Unavailable or Quarantine, so that inventory remains physically on hand but cannot be reserved, picked, or issued.
- Transfer order
- Moves inventory between two warehouses with separate shipment and receipt steps; when a transit warehouse is configured, goods in transit are tracked between the shipment and the receipt.
- Functional location
- In Enterprise Asset Management, a node in the functional location hierarchy such as a building, production line, or machine position where assets are installed and maintenance work orders are performed.
- Inventory aging report
- Shows on-hand quantity and value bucketed by aging periods, which are defined by an interval and a unit and measured from the receipt date of each on-hand transaction.
- Three-way invoice matching
- An accounts payable control that compares invoice quantity with product receipt quantity and invoice price with purchase order price before the vendor invoice can be posted.
- Trade agreement
- A price or discount agreement defined by item, customer or vendor, unit, currency, and date range; the system applies the best valid agreement when sales or purchase order lines are created.
- Purchase requisition
- An internal request to buy goods or services that runs through workflow; once approved it can be converted into a purchase order or used to start a request for quotation.
- Request for quotation
- A document sent to one or more vendors to collect bids on price, quantity, and delivery date; accepted replies can be transferred to create or update purchase order lines.
- Purchase agreement
- A long-term vendor contract carrying a product quantity, product value, product category value, or value commitment, which generates release orders that draw down the committed amount.
- Landed cost
- Estimates and posts freight, duty, and other costs for an inbound voyage, allocating them to received items by quantity, weight, volume, or value, and posting to inventory or the ledger.
- Location directive
- A rule that determines where warehouse work picks from or puts away to, matching work order type and work type, then a query, then sequenced lines using strategies such as FIFO or FEFO.
- Wave template
- Defines which wave methods, such as allocate, replenish, and create work, run for a wave and in what sequence; the wave template type (shipping, receiving, production) determines the available methods.
- Work template
- Defines the pick and put location types and how work headers and lines are split for a work order type, for example one work line per license plate or per item.
- Reservation hierarchy
- An ordering of storage and tracking dimensions that decides at which dimension level inventory is reserved, for example site and warehouse first and the specific location last.
- Cycle count plan
- Warehouse management setup that holds counting thresholds, such as percent of maximum quantity, for selected items or locations; the cycle count scheduling job generates counting work from it.
- Rate master
- Transportation management pricing setup that pairs a rate base, such as weight or volume, with break master limits and rate engine data to calculate carrier shipping charges.
- Coverage group
- A reusable planning parameter set assigned to items or dimension combinations; it defines coverage code, lead times, limits, negative and positive days, and auto-firming settings used in master planning.
- Min/Max coverage
- A coverage code that triggers replenishment when projected on-hand falls below the defined minimum quantity, and plans supply up to the defined maximum quantity.
- Planned order
- A master planning output that is not yet a real order; it can be a planned purchase, production, or transfer order or a kanban, and it becomes an order when firmed.
- Action message
- A master planning suggestion to advance, postpone, increase, or decrease an existing open order so that its date or quantity matches recalculated net requirements.
- Forecast plan
- A named container of item forecasts assigned to a master plan; forecast reduction consumes forecast quantities with actual sales orders according to the chosen reduction principle.
- Auto-firm
- A coverage setting that lets master planning firm planned orders automatically, normally limited to the period inside a firming time fence measured in days from today.