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Walmart > Financial Terms > Flashcards

Financial Terms Flashcards

1
Q

COGS

A

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

Direct labor, direct materials, overhead for production facility.

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2
Q

SG&A

A

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

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3
Q

FOB

A

Free on Board

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

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4
Q

3PL

A

Third Party Logistics

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

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5
Q

GMV

A

Gross merchandise value (retail value)

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6
Q

1P

A

Walmart owns the inventory

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7
Q

DPS

A

Doors per store

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8
Q

OB

A

Outbound

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9
Q

IB

A

Inbound

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10
Q

LOD

A

Left on dock

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11
Q

OTIF

A

On time in full

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12
Q

DTP

A

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

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13
Q

TUP

A

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

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14
Q

EDF

A

Event driven fulfillment

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15
Q

MHE

A

Material handling equipment

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16
Q

PO

A

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

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17
Q

OS&D

A

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

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18
Q

CPM

A

Cost per mile

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19
Q

CPT

A

Cases per trailer

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20
Q

LTL

A

Less than truckload

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21
Q

LOH

A

Length of haul

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22
Q

SHORE

A

Shipping Outbound Record (replaced Hazmat 32)

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23
Q

DPM

A

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

24
Q

CPH

A

Cases per hour.

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

25
Q

PPH

A

Picks per hour

Productivity in buildings that ship picks (Fashion, Jewelry)

26
Q

CPCS

A

Cost per case shipped

27
Q

CCPCS

A

Controllable cost per case shipped

28
Q

CPPS

A

Cost per pick shipped

29
Q

CCPPS

A

Controllable cost per pick shipped

30
Q

VCPU

A

Variable cost per unit (eCom metric)

31
Q

PPTO

A

Protected Paid Time Off

32
Q

VTO

A

Voluntary time off

33
Q

SQEP

A

Supplier quality excellence program

34
Q

FTQ

A

First time quality

35
Q

ACL

A

Auto case labeling

36
Q

RCA

A

Root cause analysis

37
Q

AWI

A

Associate work instructions

38
Q

WPS

A

Walmart performance system

39
Q

FI

A

Focused improvement

40
Q

RO

A

Reliable operations

41
Q

DMS

A

Daily management system

42
Q

CSD

A

Continuous skill development

43
Q

YMS

A

Yard management system

44
Q

GRS

A

Global replenishment system

45
Q

TPR

A

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

46
Q

GLS

A

DC system

47
Q

OMS

A

Order management system

48
Q

GTA

A

Global time and attendance

49
Q

DOM

A

Divisional operations manager

50
Q

DA

A

Distribution assembly

51
Q

PBYL

A

put by line grid

52
Q

Financial forecast

A

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

53
Q

Financial plan

A

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

54
Q

Earnings per share

A

(Net income - preferred dividends) / outstanding shares

55
Q

ROI

A

Profit before interest & tax / total capital employed

Walmart (7 decks)

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