Glossary

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3PL

Acronym for third-party logistics.

A

ABN

Acronym for Australian business number.

ACN

Acronym for Australian company number.

Acquired rights

Acquired rights are the primary rights acquired via an acquisition contract (payment contract) and are stated under Grant of Rights in the contract.

Acquisition contract

An acquisition contract details the works, contract parties, royalty, payees and payment definitions and describes the primary and subsidiary rights and permissions granted to the rights holder (publisher). An acquisition contract is referred to as Payment contract in the Rightsmaster System.

Advance

In intellectual property licensing, an advance against royalties is a payment made by the licensee to the licensor at the start of the contract period or on delivery and it is normally offset against any future royalty payments.

Advanced shipping notice

ASN. A notification of the containers that are expected to be received.

ASN

Acronym for advanced shipping notice.

Australian business number

The ABN (Australian Business Number) is a unique 11 digit number that businesses use when dealing with other businesses. For example, you generally need to put your ABN on your invoices, or other documents relating to sales otherwise businesses may withhold additional tax from any payment to you.

Australian company number

ACN (Australian Company Number) is a unique nine-digit number that is issued to every company by Australian Securities & Investments Commission (ASIC) upon registration. ACN must be shown on a range of documents. The purpose of the ACN is to ensure adequate identification of companies when transacting business.

B

Back list

A list of previously published books available from a publisher (kept in print) as opposed to titles new published.

Bank/business identifier code

BIC. Same as SWIFT.

Basic bank account number

BBAN. The identifier used by financial institutions in individual countries as part of a National Account Numbering Scheme(s), which uniquely identifies an account of a customer at a financial institution. The BBAN includes an explicit bank identifier. This is now being replaced with the IBAN in the SEPA initiative.

BBAN

Acronym for basic bank account number.

BIC

Acronym for bank/business identifier code.

Bill of material

BOM. A list of all of the components and their specific quantities required to manufacture an end product.

Blurb

A brief description or promotional advertisement on a book; written to appeal to the buyers. 

BOM

Acronym for bill of material.

Book club

A mail order operation through which selected books are sold direct to the public at a price significantly below the recommended retail price in return for a commitment to buy a particular number of books.

C

CAL

Copyright Agency Limited is a body appointed to collect royalties to pay to copyright owners.

Carrier

The company that is responsible for delivering and shipping products and materials to and from the warehouse.

Clause

Clauses within a contract define the formula for the calculation of either a royalty payment or a collection due for a subsidiary right exploitation.

Command line

A command line is an underlined area at the bottom of the screen where instructions and commands are entered.  To request assistance in selecting a command line or for help in entering command parameters, select F4 = Prompt.  Click F9 = Retrieve to return a previously used command to the command line.  By clicking on F9 repeatedly, the system will keep restoring previous session commands. 

Compilations

Works formed by the collection and assembling of pre-existing works that result in original work of authorship.

Contract

A contract is legal agreement between the entity seeking the rights and permissions and the entity who owns the rights.

Contract parties

Contract entities such as authors, literary agents or any other entity that represents itself as a party to the signing of a contract.

Contributor

A contributor is an entity who has contributed in some way to the works.

Copyright

Copyright is a legal term that gives the creator of an original work exclusive rights to it. The term of the copyright for works created after 1977 is the author’s lifetime plus 70 years, after which the work goes into the public domain, meaning it no longer has copyright protection.

Copyright owner

Copyright owner is a person or organisation who has the rights to a copyright work. Copyright owners have the right to be credited for the work and they have the right to determine who may adapt the work and may financially benefit from it.

Customer

A business partner who receives goods and services normally from an outbound order, typically in the form of a sales order.

CyberSource

CyberSource is an online credit card payment management system used by business worldwide, including Iptor IP1 customers. Appropriate business rules in Iptor IP1 and CyberSource configuration at a customer site has to be setup for CyberSource payment processing. Refer to SOP CyberSource Payment Gateway.pdf for detailed information and setup rules.

D

Default

A default is a value for an option or parameter that is assumed by the system.  A user can usually override these defaults by keying over them with a new option or parameter.

Derivative Work

A Work based upon one or more pre-existing works, such as a translation, dramatization, musical arrangement etc.

E

EDI

Acronym for Electronic data interchange.

Editorial

The department within a publishing house responsible for the content of its titles, both by commissioning and acquiring but also subsequently ensuring accuracy and completeness of the finished publication.

Electronic data interchange

Electronic data interchange is the transfer of data between computers using standardized message formatting. It allows companies to exchange business documents electronically.

Electronic trade confirmation

Electronic system used to pass trade confirmations between relevant parties such as fund managers and brokers.

ETC

Acronym for electronic trade confirmation. 

Extent

Extent is dependent on the nature of the Work and is used to quantify a Work by using a combination of extent type, unit and a value. For a physical book it can be the length of a book in word count or number of pages. For a digital work the extent can be the file size and for audio work it can be the duration of the audio.

F

FIFO

Acronym for first in, first out.

First in, first out

FIFO. An inventory management solution in which the first goods received into the warehouse become the first goods picked for delivery.

Flat fee

A flat fee is a single royalty fee charged for the use of licensed material.

FOB

Acronym for free on board.

Free on board

A shipping term under which that there is no charge to the buyer for goods placed on board a ship at the port of departure. The seller is responsible for all costs in getting the goods on the shipping vessel.

Front list

A list of recently published books available from a publisher as opposed to a backlist of older titles.

G

Government uniform invoice tax

GUI. In Taiwan all sales invoice documents must have a Government Uniform Invoice number. These are alphanumeric codes predefined by the Taiwan tax authorities and issued to the companies. Its purpose is to track the revenues of any company.

Grant of rights

In a payment contract the grant of rights details the primary rights that has been acquired by the rights holder.

GUI

Acronym for government uniform invoice tax.

H

I

IBAN

Acronym for international bank account number.

Imprint

An imprint in publishing industry is usually a piece of bibliographic information about a book.

International bank account number

IBAN. ISO 13616 international standard for numbering bank accounts across national borders in Europe to facilitate the communications and processing of cross-border transactions. This is the bank account number standard used in SEPA. The structure of the IBAN is made up of 2 letter ISO 3166 country code, 2 check digits, and up to 30 alphanumeric characters in BBAN format made up of bank-branch code, and the account number.

International standard book number

ISBN. International Standard Book Number is a unique 10 or 13 digit identifier assigned to each edition of book. 

“For example, an e-book, a paperback and a hardcover edition of the same book would each have a different ISBN. The ISBN is 13 digits long if assigned on or after 1 January 2007, and 10 digits long if assigned before 2007. The method of assigning an ISBN is nation-based and varies from country to country, often depending on how large the publishing industry is within a country.” – Wikipedia.

Inventory

A quantity of a product that belongs to an owner and resides in a container in a location within a warehouse. Also known as stock.

IP (Intellectual property)

Intellectual property is the broad term for property governed by copyright, trademarks, patents and trade secrets.

ISBN

Acronym for international standard book number.

ISO 20022

The standard for the Universal financial industry message scheme for SEPA financial transactions.

J

Jobs: interactive and batch

An interactive job is a communication between a terminal user and the IBM Power System.  In an interactive job, information is entered at a terminal, the system processes the information and gives feedback.  This is then repeated.  When the user signs on to the IBM Power System, an interactive job begins.  The job is active until the user signs off.  Interactive jobs are not queued.

A batch job is submitted to a job queue, and the system runs the jobs from the queue.  There is no interaction between the user and the system after a batch job is submitted.

K

L

Last in, first out

LIFO. An inventory management solution in which the last goods received into the warehouse become the first goods picked for delivery.

Licence

A subsidiary right usually granted for a fixed term or for a particular usage by the holder of the primary right.

Licensing contract

A licensing contract will detail subsidiary right licences granted to third parties and the collection definitions agreed for the licence.

LIFO

Acronym for last in, first out.

Literary agent

A person or company looking after the interests of author clients and managing the exploitation of rights in an author’s work.

Loading

The move of the picked or picked and packed containers onto the delivery vehicle.

M

Messages

There are two types of messages on the system.  These are informational and inquiry.  These messages can come from the system, the operator, application programs, or another user.  Informational messages do not require a response from the user.  Inquiry messages require a response from the terminal user.

System messages and some application program messages will be received on the bottom line of the screen.  Break messages appear directly on the screen and have priority over any work being done.  Other messages go directly to the message queue.  When a message is placed into a message queue, the user is notified by a beep, and/or a message waiting light on the screen.

Milestone

Milestone is a task or an event that is scheduled to be completed in the life cycle of the contract. A milestone can have a payment or a collection associated with it which can be paid or collected at the completion of the task.

N

O

Operating company

An organization can operate with different operating companies and currencies. Each of these operating companies can have their own set of AP details with a different creditor account number.

Options

Many menus have options in addition to function keys to perform operations.  Options normally reference operations for individual objects listed on the menu, whereas function keys provide information about the screen or allows the user to Exit or cancel the menu.  Common options include copy, delete and display.

Outbound order

An order to move inventory out of a storage location, such as a sales order or replenishment order. An outbound order always has a header and one or more outbound details. The header contains general information, such as the customer, delivery address, payment details and due date etc, and the detail contains the item related data, such as the item code, ordered quantity, handling unit and product codes.

Out of print

An out of print book is a book that is no longer being published. 

P

Pallet

A wooden or plastic carrier of goods.

Payment card industry data security standard

PCI DSS. Payment industry standard for the major credit cards; it was created to protect cardholder data, increase controls and reduce fraud in credit card processing and storage.

PCI DSS

Acronym for payment card industry data security standard.

Permissions

Permission is the granting of rights by one publisher to another for the use of third party materials in the final product. Permission fee may be charged. 

Pick-and-pack

An order fulfillment process in which inventory is selected (picked) for an order, and then immediately packed and scheduled for shipment. This approach uses a minimum number of steps in order to expedite filling customer orders.

Pick location

Location from which picking is executed. If required, a pick location can be replenished, provided it is in a replenishment zone.

Picking

The movement of the goods required to fulfill the demand of an outbound order from a warehouse location to an outbound location.

PO

Acronym for purchase order.

Primary clause

The primary clause defines the scope and conditions of the primary right acquired or the primary right to be licensed to a third party.

Primary rights

Primary rights is having the right to develop the work into saleable product and distributing it in agreed territories. The acquisition contract negotiated between the copyright owner and the publisher assigns the primary rights and subsidiary rights to the publisher.

Print spooling

On a large computer system such as the IBM Power System, printed output is not directly sent to the printer.  All output to be printed is directed to an output queue.  These spooled print files can then be released to a printer at the appropriate time.

Please Note: SPOOL means Simultaneous Peripheral Operations On Line.

Product

A product is a commercial representation of a work or works.

Purchase order

PO. A legally binding document that authorizes shipment of a product to the customer at a specified quantity, price and terms.

Putaway

The movement of goods from one location to another location, such as a move from a storage location to a pick location. The destination location can be defined by the user or calculated by the system according to the putaway group.

Q

Queue

A queue is a holding area.  The IBM Power System uses job queues, output queues and message queues.  The system stores jobs, printer output and messages for later use by a user or when the system resources become available.

R

Refresh

If F5 = Refresh is a function key on a screen, by selecting F5 the information displayed will be updated.  On some screens the data may be changed by the user or the system after it initially appears, and the current values are not shown.  To see the new values, the screen must be refreshed.  Exiting that screen and immediately returning to it does the same thing.

F5 may also set a screen or menu to its original values.  This is helpful when a keying error has been made before the Enter key is pressed.

Replenishment

The movement of inventory from a storage location to a pick location. In Iptor IP1, replenishment tasks are a result of a replenishment order.

Replenishment order

An order that is created by the system to replenish the inventory at a location. The trigger to create a replenishment order line is either quantity based (inventory drops below a level) or demand based (picklist detail has a reservation shortage).

RF device

A hand-held or vehicle-mounted radio frequency (RF) device to scan barcodes on products.

Rights

The legal authorisation to perform some act on, or make some use of, a copyrighted work.

Royalties

The fee charged by a rights holder for the use of their copyright work.

Royalty contract

A royalty contract details the works, contract parties, royalty, payees and payment definitions and describes the primary and subsidiary rights and permissions granted to the publisher. A royalty contract is referred to as Payment contract in the Rightsmaster System.

S

Sales order

An outbound order that is used to ship goods out of the warehouse to a customer. 

Scheme

Scheme is the classification used to categorize different books.

Secondary clause

Secondary clause defines the exceptions to the primary right. It also describes the conditions of the subsidiary rights acquired.

SecurePay

Online payment solution gateway used in Australia. Appropriate business rules in Iptor IP1 and SecurePay configuration at a customer site has to be setup for SecurePay payment processing. Refer to SOP SecurePay Payment Gateway.pdf for detailed information and setup rules.

SEPA

Acronym for single euro payment area.

Service provider

Service provider in the Credit Card payments industry refers to companies that provide online credit card payment service to merchants, e.g. SecurePay in Australia and Curbstone in USA.

Single euro payment area

SEPA. A payment-integration initiative of the European Union for simplification of bank transfers between banks within the member countries.

Society of worldwide interbank financial telecommunications

SWIFT. The ISO 9362 unique identification code for both financial and non-financial institutions worldwide used when transferring money between banks / financial institution, particularly for wire transfers, and also for exchange of other messages between institutions. The code might consist of 8 to 11 characters made up of  a 4 character bank code (letter only), 2 character ISO 3166 country code (letter only), 2 character location code(letters and numbers), and optionally 3 character branch code (letter and number). The branch code is blank for the institution’s HQ.  SWIFT is the most commonly accepted format for BIC code.

STP

Acronym for straight through processing.

Stock

A quantity of a product that belongs to an owner and resides in a container that is in a location within a warehouse. Inventory is moved by equipment when a user is prompted to do so with a task. Also known as inventory.

Stock adjustment

The change of the quantity of a product in a container in a location.

Straight through processing

STP. A banking term where a financial transaction is automatically completed without manual intervention.

Subrights

Subrights (subsidiary rights) is the permission to use the content from the primary licence the publisher has purchased from the copyright owner. When a publisher buys the right to publish a book, it secures subsidiary rights as well. This allows the publisher to exploit these rights and sell to others to create new products, thus acting as an agent for the IP owner. Subsidiary rights can be e-books, translations, audio books, film and video rights etc.

Subrights contract

Subrights contract details subsidiary rights licences granted to third parties and the collection definitions agreed for the licence between the third party and the publisher. Subsidiary rights contract is also referred as Collection contract in the Rightsmaster System. 

Supplier

A business partner from whom a company purchases goods or services. A purchase order is normally raised for the purchase of the goods.

SWIFT

Acronym for society of worldwide interbank financial telecommunications.

T

Third-party logistics

3PL. Refers to a company that offers warehouse services to multiple clients in one warehouse. Typically, a 3PL handles incoming receipts, stores product, tracks inventory, and fulfills outgoing orders for clients.

Title page

The title page, usually at the front of a book has the title of the book, the person responsible for the intellectual content and data relating to publication.

Trading partner

A trading partner is any company or an individual person that has a relationship with your company for business purposes.

U

Upfront fee

Upfront fee is a one off fee charged upfront to use licensed material.

User ID

A user name for a person who is authorized to access the IBM Power System. When you sign on, you must enter a valid User ID and a password to identify yourself to the system.

User profile

The user profile tells the system who can sign on and what functions each user can perform after signing on.

V

Vendor managed inventory

VMI. Vendor Managed Inventory is a business model where the supplier is responsible for maintaining an agreed level of inventory of their products at the customer location, usually a store. The products will be issued on consignment and sold to the customer when the customer sells the products.

Volume rights

Volume rights is the rights that the publisher needs for their primary business. Normally this is permission to publish the manuscript in book form which can be either hardcopy or paperback or both.

VMI

Acronym for vendor managed inventory.

W

Warehouse

The physical and logical entity where goods can be received, stored and shipped from.

Works

Works are defined as any content, including text, artwork, photography, audio recordings or any iteration of these where the intellectual ownership has to be recognized and protected and therefore considered a copyrighted work. Any finished work (published or unpublished) is protected by copyright. Works can’t be sold or commercially exploited by themselves; they must be associated to a product.

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