Acronym Soup
The three-letter hero where transactions happen; not a “Pile Of Snacks,” sadly
What is POS (Point of Sale)
A prime real-estate display at the end of an aisle; tiny billboards live here.
What is an endcap?
A price drop taken to move product—no parachute required.
What is a markdown?
Where pallets party before stores: not a dance hall, a warehouse hub.
What is a DC (Distribution Center)?
It’s not a barcode’s nickname—this unit tracks each unique item in inventory
What is a SKU (Stock Keeping Unit)?
Pulling products forward so labels smile at shoppers.
What is facing (fronting)?
Priced below cost to lure traffic, it leads… to the rest of the basket.
What is a loss leader?
The time from “we need it” to “it arrived.”
What is lead time?
When you “buy here, pick up there,” this five-letter phrase makes it happen.
What is BOPIS (Buy Online, Pick up In Store)?
The shelf “map” that says exactly where every product should live.
What is a planogram?
The econ term for how demand changes when price changes (stretch those numbers!).
What is price elasticity?
Extra product kept to soften demand or delivery surprises.
What is safety stock?
These tags let items talk via radio waves—mind reading not included.
What is RFID (Radio Frequency Identification)?
The not-a-boat name for those long store shelving units.
What is a gondola?
Ending prices in .99 to feel cheaper is an example of this “charming” tactic.
What is charm pricing (psychological pricing)?
DAILY DOUBLE – Moving goods from inbound to outbound with little or no storage.
What is cross-docking?
A delivery metric meaning your order arrives as promised and complete.
What is OTIF (On Time, In Full)?
The strategy for which categories sit next to each other to boost trips and baskets.
What is adjacency?
Brands set this floor for how low you can advertise a price.
What is MAP (Minimum Advertised Price)?
When the vendor ships straight to the customer so you don’t have to.
What is drop shipping? (or DVS)