Financial Terms Flashcards
COGS
All expenses associated with the production and acquisition of your product, occurs due to a sale.
Direct labor, direct materials, overhead for production facility.
SG&A
Operating expenses not included in direct costs of production or COGS.
FOB
Free on Board
The buyer is responsible for shipped goods once the seller ships the product.
3PL
Third Party Logistics
Third-party owns the inventory and pays Walmart a fee to use our supply chain.
GMV
Gross merchandise value (retail value)
1P
Walmart owns the inventory
DPS
Doors per store
OB
Outbound
IB
Inbound
LOD
Left on dock
OTIF
On time in full
DTP
Days to process. Ex, when the label is printed versus when the label is invoiced to the store
TUP
Trailer unload prioritization. Number of priority trailers unloaded within 48 hour window
EDF
Event driven fulfillment
MHE
Material handling equipment
PO
Purchase order. Documentation in Walmart system listing type and quantity of product shipped from a supplier
OS&D
Over, short, or damaged. Product which is found to be over or short the intended quantity or is damaged
CPM
Cost per mile
CPT
Cases per trailer
LTL
Less than truckload
LOH
Length of haul
SHORE
Shipping Outbound Record (replaced Hazmat 32)
DPM
Damages per million. DPM of $1k means that for every 1 million cases, $1k are damaged (drinkware and spaghetti sauce are top items).
CPH
Cases per hour.
Productivity in buildings that ship cases (RDCs, GDCs, Imports)
PPH
Picks per hour
Productivity in buildings that ship picks (Fashion, Jewelry)
CPCS
Cost per case shipped
CCPCS
Controllable cost per case shipped
CPPS
Cost per pick shipped
CCPPS
Controllable cost per pick shipped
VCPU
Variable cost per unit (eCom metric)
PPTO
Protected Paid Time Off
VTO
Voluntary time off
SQEP
Supplier quality excellence program
FTQ
First time quality
ACL
Auto case labeling
RCA
Root cause analysis
AWI
Associate work instructions
WPS
Walmart performance system
FI
Focused improvement
RO
Reliable operations
DMS
Daily management system
CSD
Continuous skill development
YMS
Yard management system
GRS
Global replenishment system
TPR
DC System - RDCs and GDCs enter hours in volume into TPR
GLS
DC system
OMS
Order management system
GTA
Global time and attendance
DOM
Divisional operations manager
DA
Distribution assembly
PBYL
put by line grid
Financial forecast
Estimates what future income, revenue, and expenses will most likely be.
Financial plan
Explains the steps that will need to be taken to produce future income while managing future expenses. Typically set once a year.
Earnings per share
(Net income - preferred dividends) / outstanding shares
ROI
Profit before interest & tax / total capital employed