| Approver | Company role that releases or rejects orders held over a buyer’s spending limit |
| Balance due | What remains unpaid on an invoice after payments and credits |
| Budget | A per-period spending cap on a cost center (or company-wide); orders that would exceed it are blocked at checkout |
| Configurable product | A product built from option groups; you configure it before adding, at a live-calculated unit price |
| Cost center | An internal bucket your company charges spend to; set per order at checkout, metered by budgets |
| Credit note | Money the seller owes you — from a received return or a settled rebate — applied to invoices or refunded |
| EDI | Electronic Data Interchange: your procurement system exchanging purchase orders and invoices with the store automatically |
| On account / terms | Buying now and paying later against an invoice, under agreed payment terms (e.g. net 30) |
| Passport | Optional single Sokisoko login linking all your supplier stores |
| PO number | Your company’s purchase-order reference, entered at checkout and carried onto documents |
| Price on request | No contract price exists for your company — request a quote instead |
| Price tier | Quantity-break pricing: “100+” rows on the product page mean a lower unit price at that volume |
| PunchOut | Shopping this catalog from inside your procurement system (cXML/OCI) and returning the cart to it |
| Quote | The seller’s priced, time-limited offer answering your RFQ; accept it to create an order |
| RFQ (request for quote) | Your request for pricing on catalog lines and/or off-catalog parts |
| Return (RMA) | The process of sending goods back: requested → approved → received (restock + credit note) or rejected |
| Shipment | A physical dispatch against an order — orders can ship in several shipments, each with its own tracking number |
| SKU | The seller’s unique product code — the fastest, safest way to identify an item |
| Spending limit | A per-user cap; orders above it wait for approval |
| STK push (mobile money) | Paying an invoice by approving a prompt sent to your phone |
| Subscription (recurring order) | A standing order the store places for you automatically on a cadence |
| Volume rebate | A program that accrues a percentage back on qualifying spend and settles it as a credit note |