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R

real time: The technique of coordinating data processing with external related physical events as they occur, thereby permitting prompt reporting of conditions. The immediate availability of data to an information system as a transaction or event occurs.

relational database: A software program that allows users to obtain information drawn from two or more databases that are made up of two-dimensional arrays of data.

reorder point (ROP) system: Inventory method that places an order for a lot whenever the quantity on hand is reduced to a predetermined level known as the reorder point.

return on investment (ROI): A financial measure of the relative return from an investment, usually expressed as a percentage of earnings produced by an asset to the amount invested in the asset.

routing: Information detailing the method of manufacture of a particular item. It includes the operations to be performed, their sequence, the various work centers involved, and the standards for setup and run time.

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