V

valuation

The monetary value assigned to items in stock, calculated using methods such as FIFO or moving average.

value lever

A strategic option provided by the recommendation system that users rate across dimensions like risk and effort to shape strategic goals.

value-added tax

A consumption tax placed on a product whenever value is added at a stage of production and at final sale.

VAT

variable

A defined logic item used to store a specific piece of data collected during the interview process.

vehicle routing problem

A problem that is modeled and then solved during Transportation Optimization to combine inbound or outbound shipments into cost effective routes.

VRP

vendor

An individual or business entity that sells goods or services to another entity.

vendor proxy

An internal user configured to complete questionnaires on behalf of a supplier.

vendor-managed inventory

A practice where the supplier is responsible for maintaining the buyer’s inventory levels at the buyer's location.

VMI

view

An underlying database table or a derived table that is the building block for Explores.

view file

The file that defines dimensions, measures, and other fields.

Viewpost

A partner service that prints and mails physical checks on behalf of the customer.

virtual card

A temporary digital credit card issued for preapproved expenses to simplify payment and reconciliation.

VC

visual order list

A type of order list that allows users to identify and order parts by clicking on hotspots within an exploded view image or diagram.

visual search

The use of artificial intelligence and computer vision technologies to search for information based on visual input.

voice expensing

A speech-to-text integration that records spoken expense details for automated entry into the system.

voice processing

An AI-related technology that involves analyzing, interpreting, and generating human speech using techniques such as speech recognition and speech synthesis.

void

An action to cancel an invoice, typically used for duplicate or erroneous invoices that should not be paid.

volume consolidation

A prescription type suggesting grouping products together for cheaper transportation.

voucher

A document generated to authorize payment to a supplier after customer payment is confirmed.