L

labor class

A categorization framework used to group workers or services based on specific skill sets, roles, or billing rates.

lane

A specific pathway between a source and a destination allowing product movement via one or more modes.

large language model

A type of machine learning model that is trained on a massive amount of text data to understand and generate human-like language.

LLM

late payment penalty

A fee or charge applied to the buyer if the invoice payment is not received by the specified due date or terms.

lead time

The total time elapsed between placing an order and receiving the goods, including processing, production, and transport time.

leaf node commodity selection

A classification constraint that requires users to select the most specific commodity in a hierarchy, preventing the selection of broad parent categories.

least frequently ordered items

A classification for inventory items with the lowest number of stock orders, used to identify slow-moving stock.

less than truckload

The shipments, most often from multiple customers, that are transported together on a multi-stop route, typically between 200 and 5,000 lbs in size.

LTL

let down

A transaction recorded when an item stored in a larger unit of measure is unpacked into a smaller consumption unit.

level

The vertical height or specific shelf tier within a rack section, usually numbered from the floor up.

level of detail

The granularity of a forecasting problem, such as the intersection of location and item.

LOD

limited availability

A strategic launch phase where specific AI agents are restricted to select customers for feedback and testing before becoming generally available.

LA

line

A single, discrete entry of a product or service within a larger document.

line level confirmation

A supplier action that involves approving, rejecting, or proposing changes for each individual line on a purchase order.

line rate

A calculation method used for receipt totals that need to be divided to determine a per-unit cost, such as a nightly hotel rate.

linear programming

A mathematical method used to determine the best outcome in a model with linear relationships, such as minimizing cost.

LP

linear scoring

A grading system where points are assigned in a direct, sequential manner.

Liquid template

A template engine used to customize the layout, design, and logic of purchase order emails and print views.

liquidity planning

A module enabling long-term planning with data-driven functionalities and analytics to manage and monitor liquidity in real time.

Liveboard

A dynamic dashboard containing multiple visualizations and analyses that can be shared or viewed as a slideshow.

local cache data encryption

The security technique of protecting temporary working memory using the device's native encryption tools.

local currency

The legal tender of the country where the transaction takes place, which may differ from the currency used on the invoice.

location zone

The highest level of defining a work location, such as a broad geographic region like South.

lockout

A security state where the app restricts access until the user authenticates via PIN or biometrics after a timeout.

lodging

An expense category covering hotels, motels, or other accommodations used for business travel.

logic

A decision point in a workflow where the system directs requesters down different paths based on their responses and configured conditions.

logic file

A storage file containing the definitions of variables, conditions, and other business logic used by templates.

logo hash

A unique identifier used to map a supplier record when the name is extracted from an image rather than text.

lookup

A customizable list of values that can be used in other parts of the platform.

lot

A collection of items grouped together as a single unit.

lot tracking

The traceability framework that requires a unique batch number and optional expiration date to be recorded when receiving an item.

lot-controlled item

An inventory item that requires a unique batch number to be recorded upon receipt.