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Ellucian Banner
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Purchase Requisition
An internal request to procure goods or services, subject to approval before being converted into a purchase order.
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Request for Quotation
A document issued to one or more vendors soliciting pricing and terms for goods or services, used to support purchasing decisions and vendor selection.
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Production Order
A directive to manufacture a specified quantity of a product, coordinating the allocation of materials, labor, and work centers required for production execution.
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Bill of Materials
A structured list of components, subassemblies, and raw materials required to manufacture a product, used to drive material planning and production order execution.
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Receipt
An operation recording the physical intake of goods against a purchase order or transfer order, updating on-hand inventory and triggering payables processing.
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Invoice
An outgoing billing document issued to a customer, recording the amount due for delivered goods or services against a sales order.
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Purchase Order
A formal document confirming the commitment to buy or sell goods or services, issued to a vendor or received from a customer under agreed terms and quantities.
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Sales Order
A confirmed customer commitment to purchase goods or services, driving fulfillment, invoicing, and revenue recognition processes.
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Stock
A record of a specific item held in stock at a particular location or bin, capturing on-hand quantity, reservation status, and lot or serial tracking details.
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Customer
A partner entity representing a buyer of goods or services from the organization.
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Vendor
A partner entity representing a supplier of goods or services to the organization.
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Currency
A monetary currency unit used across financial transactions within the system.
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Tax
A defined percentage applied to transactions for tax calculation and reporting purposes.
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Account
An internal financial account, such as a general ledger account or cost center, used to record and track monetary activity within the organization's chart of accounts.
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Location
A physical site or facility within an organization, supporting nested hierarchies for structured representation of warehouses, buildings, or operational areas.
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Site
An operational facility such as a plant, workshop, or office, within which resources, assets, and activities are organized and managed.
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Organization
A tenant-level business unit or division within the system, serving as the top-level scope for data segregation and operational context.
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About Ellucian Banner
Ellucian Banner is a comprehensive ERP platform for higher education, managing student information, financial aid, admissions, and administrative processes across campuses.
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