KPIs
Products that have arrived at the "order to" location which could be a customer, warehouse, store, etc.
What are Receipts?
A unique, universal 12 digit code the identifies a specific item.
What is a UPC?
Williams Sonoma is an example of this type of vertical.
What is a Specialty retailer?
These are metrics used to measure how the business is performing.
Key Performance Indicators (KPI)
This person buys services and products.
What is the Customer?
Profit before cost of goods sold
What is Gross Margin?
When a vendor receives this information, they know what items to ship to a retailer, how many units to ship, the cost of the items, freight terms, etc.
What is a Purchase Order?
Amazon and ebay are 2 of these.
What are Online retailers?
Name 3 components of the retail supply chain
What is Corporate Office, Warehouse, DCs, Stores, suppliers, vendors (all acceptable answers)?
Business activities involving the sale of goods and services.
What is retail?
The common term for retail revenue
What are Sales?
This is the process of sending products to a store on an item based on weeks of sales supply, presentation stock, and sales potential.
What is Replenishment?
This retail vertical group with retailers like Macy's and JCPenny have lost momentum in the last decade.
What are department stores?
This identifies an item or service for sale within a retailer's merchandise hierarchy specific to that retailer.
What is a Stock Keeping Unit (SKU)?
Buying products on line is a form of this.
What is E-Commerce?
An 80% rate of this would mean that the retailer is missing sales, and disappointing some customers.
What are in-stocks?
This is the process of sending product to a store for a particular season or for the first time.
What is an allocation?
Ross, TJ Maxx, Marshall's
What are discount retailers?
The process of electronically transmitting information back and forth between the retailer, manufacturer, and/or vendor community.
What is EDI - Electronic Data Interchange?
Department, class, and subclass is part of this hierarchy.
What is Product (or Merchandise)?
Sales/Ave Stock
What is Inventory Turnover?
Modern Day Cash Register tool
What is a POS (Point of Sale)?
These stores are known for discounts and appealing to large groups of different consumers - examples would be Wal-Mart, Target
What is Mass Discount Stores?
Learning and understanding a retailer's hierarchies, and how the solution Logic is supporting will work is part of this process.
What is Discovery?
This calendar is used by retailers for Accounting/Tax purposes in their business.
What is a Fiscal Year Calendar?