Rise Up RIF Lesson 3.1 Vocabulary

The processes that keep a retailer's ecosystem running smoothly.

• Retail Operations
• Teams
• RFID Tags
• Marketing

A measure of how well a company's products, services, or overall experience meets customer expectations

• Customer Satisfaction
• Customer Experience
• Inventory
• Financials

Which is not one of the 5 significant retail operations categories?

• Team
• Marketing
• Financials
• Customer Experience

Which is not one of the 5 significant retail operations categories?

• Technology & Tools
• Inventory
• Financials
• Retail Operations

Products or goods a retailer sells

• Inventory
• Barcode
• On-Hand Inventory
• Safety Stock

A complete listing of all of the merchandise that a retailer owns.

• Total Inventory
• On-hand Inventory
• RFID Tag
• Receiving

The number of units within the total inventory that are available to sell at a particular moment in time.

• On-hand Inventory
• Inventory Shrinkage
• Barcode
• Team

A machine readable series of parallel lines that create a unique item identifier

• Barcode
• RFID Tag
• Inventory tracking system
• Stockroom

Tags containing electronically stored information that identify objects.

• RFID Tag
• Barcode
• Inventory Replenishment
• PLU

A system of numbers that uniquely identifies bulk produce items or items on which it may be difficult to apply a barcode

• PLU
• RFID Tag
• Excess Inventory
• Point-of-Sale