by cspongberg | Jan 25, 2022 | Retail Execution Dictionary
Virtual reality (VR) refers to computer-generated simulations in which a person can interact within an artificial three-dimensional environment, which is experienced through sensory stimuli (such as sights or sounds) provided by a computer – and by utilizing...
by cspongberg | Jan 25, 2022 | Retail Execution Dictionary
UPT is the metric that measures how many items a customer purchases in any given transaction. It can be calculated daily or over a longer period. This is an important metric that helps measure the growth of a business, as well as employee effectiveness in certain...
by cspongberg | Jan 25, 2022 | Retail Execution Dictionary
This stands for price look up. PLU codes are 4 or 5-digit numbers which have been used by supermarkets since 1990 to make check-out and inventory control easier, more efficient, and more accurate. It’s an effective system that displays the description and price of an...
by cspongberg | Jan 25, 2022 | Retail Execution Dictionary
This is a service offered by retailers and some restaurants, where you can pick up online purchases without ever stepping out of your car. Running to pick up groceries or other online purchases is faster and more convenient when you can keep your kids buckled in their...
by cspongberg | Jan 25, 2022 | Retail Execution Dictionary
The average amount of times that inventory that is in stock is sold or used during a given period is known as inventory turnover. In most circumstances, high stock turnover is good, as it is a sign that you’re selling a lot without overstocking. If a business wishes...
by cspongberg | Jan 25, 2022 | Retail Execution Dictionary
The ability for an inventory management system to scan barcodes or QR codes in bulk or batches simultaneously.
