Financial Terms

Question 1

COGS

Answer 1

All expenses associated with the production and acquisition of your product, occurs due to a sale.

Direct labor, direct materials, overhead for production facility.

Question 2

SG&A

Answer 2

Operating expenses not included in direct costs of production or COGS.

Question 3

FOB

Answer 3

Free on Board

The buyer is responsible for shipped goods once the seller ships the product.

Question 4

3PL

Answer 4

Third Party Logistics

Third-party owns the inventory and pays Walmart a fee to use our supply chain.

Question 5

GMV

Answer 5

Gross merchandise value (retail value)

Question 6

1P

Answer 6

Walmart owns the inventory

Question 7

DPS

Answer 7

Doors per store

Question 8

OB

Answer 8

Outbound

Question 9

IB

Answer 9

Inbound

Question 10

LOD

Answer 10

Left on dock

Question 11

OTIF

Answer 11

On time in full

Question 12

DTP

Answer 12

Days to process. Ex, when the label is printed versus when the label is invoiced to the store

Question 13

TUP

Answer 13

Trailer unload prioritization. Number of priority trailers unloaded within 48 hour window

Question 14

EDF

Answer 14

Event driven fulfillment

Question 15

MHE

Answer 15

Material handling equipment

Question 16

PO

Answer 16

Purchase order. Documentation in Walmart system listing type and quantity of product shipped from a supplier

Question 17

OS&D

Answer 17

Over, short, or damaged. Product which is found to be over or short the intended quantity or is damaged

Question 18

CPM

Answer 18

Cost per mile

Question 19

CPT

Answer 19

Cases per trailer

Question 20

LTL

Answer 20

Less than truckload

Question 21

LOH

Answer 21

Length of haul

Question 22

SHORE

Answer 22

Shipping Outbound Record (replaced Hazmat 32)

Question 23

DPM

Answer 23

Damages per million. DPM of $1k means that for every 1 million cases, $1k are damaged (drinkware and spaghetti sauce are top items).

Question 24

CPH

Answer 24

Cases per hour.

Productivity in buildings that ship cases (RDCs, GDCs, Imports)

Question 25

PPH

Answer 25

Picks per hour | Productivity in buildings that ship picks (Fashion, Jewelry)

Question 26

CPCS

Answer 26

Cost per case shipped

Question 27

CCPCS

Answer 27

Controllable cost per case shipped

Question 28

CPPS

Answer 28

Cost per pick shipped

Question 29

CCPPS

Answer 29

Controllable cost per pick shipped

Question 30

VCPU

Answer 30

Variable cost per unit (eCom metric)

Question 31

PPTO

Answer 31

Protected Paid Time Off

Question 32

VTO

Answer 32

Voluntary time off

Question 33

SQEP

Answer 33

Supplier quality excellence program

Question 34

FTQ

Answer 34

First time quality

Question 35

ACL

Answer 35

Auto case labeling

Question 36

RCA

Answer 36

Root cause analysis

Question 37

AWI

Answer 37

Associate work instructions

Question 38

WPS

Answer 38

Walmart performance system

Question 39

FI

Answer 39

Focused improvement

Question 40

RO

Answer 40

Reliable operations

Question 41

DMS

Answer 41

Daily management system

Question 42

CSD

Answer 42

Continuous skill development

Question 43

YMS

Answer 43

Yard management system

Question 44

GRS

Answer 44

Global replenishment system

Question 45

TPR

Answer 45

DC System - RDCs and GDCs enter hours in volume into TPR

Question 46

GLS

Answer 46

DC system

Question 47

OMS

Answer 47

Order management system

Question 48

GTA

Answer 48

Global time and attendance

Question 49

DOM

Answer 49

Divisional operations manager

Question 50

DA

Answer 50

Distribution assembly

Question 51

PBYL

Answer 51

put by line grid

Question 52

Financial forecast

Answer 52

Estimates what future income, revenue, and expenses will most likely be.

Question 53

Financial plan

Answer 53

Explains the steps that will need to be taken to produce future income while managing future expenses. Typically set once a year.

Question 54

Earnings per share

Answer 54

(Net income - preferred dividends) / outstanding shares

Question 55

ROI

Answer 55

Profit before interest & tax / total capital employed