HT Financials - Vocabulary Flashcards Preview

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Flashcards in HT Financials - Vocabulary Deck (46):
1

A weekly management tool used to get a snapshot view of a department (store) performance.

Charge Gross

2

Report used to verify consistency and markup % trends and to reconcile vendor deliveriess with the Order Register

Consolidated Invoice Report

3

When a vendor has their invoice in their handheld and brings it into the store to communicate with SoftGrocer

 

DEX (Date Exchange)

4

Document that verifies correct billing and matches merchandise received

 

Invoice

5

A correction made to an error in the billing of merchandise.

 

Invoice Error Correction

6

When a vendor has the ability to transmit invoices from their network system to Harris Teeter and then SoftGrocer

 

NEX (Network Exchange)

7

A weekly report detailing all the charges and credits to the department (Store).

 

Order Register

8

A database used to record and over/shorts received.

 

Over/Short Report

9

Price Types

1 - Regular

10 - No Decline - No Ad

20 - Decline - No Ad

30 - No Deline - On Ad

40 - Decline - On Ad

10

A report which shows performance for total store and each department for the period and year to date

 

Store Operating Statement (SOS)

11

Store Management Analysis Reporting Tool

SMART

12

Ensures that product moved to or from another department or store is charged/credited properly

 

Transfer

13

Database that is used to receord damage to product that occurs before a truck is unloaded at the store and damage that occurs during the unloading due to improper loading or stacking of the trailer at the warehouse

 

Transportation Damage

14

Product that arrice from the warehouse in a condition not suitable for resale due to product deteriation or short dating

 

Unsaleable merchandise

15

The difference between the retail charged to the store minus the retail of the item sold to the customer (VIC Specials and sales plan)

 

Declines

16

Describes the differnce between the cost Harris Teeter paid for and item and it's retail price

Markup

17

Dollar amount of product that is on hand at the first of the period

 

Opening Inventory

18

Form used to account for samples.  Also used to reduce product to clean up inventory. (This must be approved by the Category Manager)

 

 

Supplemental Decline

19

The method used to receive approved product through SoftGrocer.  Item MUST have a NEX/DEX/ASN document in the system to be received.  (i.e. Haddon House, American Greetings)

 

Total Accept

20

The method used to accept product such as SF Anco cheese where you have weighted item that cannot be done by item.  These are verified by the department PRIOR to the Vendor Receiver processing.

 

Total Only

21

Describes the comparison between labor hours available and what are actually used.

 

Attainment

22

Wage$ / Number of hours used

 

Average Hourly Rate (AHR)

23

Total Sales in Period / Number of Weeks in the Period

 

Average Weekly Sales (AWS)

24

Labor, Supplies and Waste

 

Controllable Costs

25

Important dollar value you get when you subtract the Makrup% from 100, and then mulitply that number by the retail dollar amount.

 

Cost

26

Money received from Vendors for demoing their product

 

Demo Labor Credit

27

Tell you how much the Department (Store) made on sales after deducting declines, supplemental declines and waste.

 

Gross Profit


Gross Profit = Sales - (Declines + Supplental Decline + Waste)

28

Gross Profit $ / Retail Sales

Gross Profit Percentage (%)

GP% = GP$ / Retail

 

29

Markdowns and Throwaways

 

Known Loss

30

The most controllable expense in the store

 

Labor

31

Report that shows ending inventory and gross profit information and calculates shrink in Perishable Departments

 

Period End Charge Gross

32

Forecasting tool used to project period sales and labor.

 

Period Projections

33

Percent of sales of a department as compared to total store sales.

 

Sales Distribution

34

Total Department (Store) Sales / Total hours used

 

Sales Per Man Hour (SPMH)

35

Customer Dollars received in exchange for merchandise

 

Sales

36

Product that cannot be accounted for; unknown loss (Hint; over-ordering can cause this)

 

Shrink

37

Cost of mops, brooms, pads and other equipment used in maintaining the store

 

Cleaning Equipment

38

Income received from delivering product to the customer (i.e. floral or deli trays)

 

Deliver Income

39

Total cost of general supply items by the department that are not used in packaging or retail

 

Department Supplies

40

Expense incurred for associates special outings, flowers

 

Employee Moral

41

Charges fron outside vendors for repairs and maintenance of equipment - including parts and labor

 

Equipment Repair

42

Supplies used in the course of store operations (i.e. forms, name badges, price guns, jackets ... )

 

GEneral Supplies

43

Secondary items used in the prepartation of food sold to the customer

 

Ingredients

44

Wages incurred while attending meetings

 

Meeting Wages

45

Wages incurred while attending workshops designed and developed for the betteremnt of our associates.

 

Workshop Wages

46