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Basic Terminology

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1 min readUpdated

Getting Started

This section explains the terms used throughout the platform to manage sales, procurement, warehouse stock, projects, payments, and financial control. Sales representatives, Sales managers, Purchasing officers, Warehouse managers, Project managers, and Finance officers use these terms when tracking work from initial customer requests through delivery, approval, payment, and job profitability.

Access the platform at https://shoteco2.pams.net.

Sales and Procurement Terms

TermMeaning
OfferA commercial proposal made to a customer.
OrderA confirmed request to supply goods or services.
Direct orderAn Order created directly rather than from an earlier Offer or request.
RFQA request for quotation sent to obtain supplier pricing or terms.
BuyoutsPurchasing activities or externally sourced procurement items.
StockGoods held in inventory.

Status Terms

StatusMeaning
DraftAn item that has been created but is not yet approved or finalized.
Awaiting ApprovalAn item that still requires approval before it can proceed.
ApprovedAn item that has received approval.
ValidAn item that is active and accepted for use.
UpcomingAn item scheduled for a future date or action.
OrderedA purchase or supply request that has been placed.
DeliveredAn Order that has been supplied to the customer.
DueA payment or action that is required.
PaidA payment that has been completed.

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Basic Terminology — Pams V2