Kristiana

Dunn
Alphabet Soup File

3-D simulation- a system that provides a 3-D view of styles during product
development, often with manipulation of a digital human avatar to simulate
garment performance in response to lifelike body movements.

Application service providers (ASP)- web-based businesses that offer individual or
businesses access to digital apps over the Internet that would otherwise need to be
purchased as specialty software applications.

Computer aided design (CAD)- an integrated info system that embraces all aspects
of dealing with prospects and customers.

Enterprise resource planning (ERP)- a system that integrates activities and
transactions across functional depts; serving as the base repository for cross-
functional data to improve the performance of an organizations resource planning,
management, and operational control.

Markdown optimization solutions (MOS)- digital tools that allow retailers to plan
and model markdown scenarios to achieve financial and inventory objectives.

Point of sale (POS)- a system that builds on product lifecycle management
functionality adapting it for the retail environment.

Product lifecycle management (PLM)- a strategic business solution that supports the
collaborative creation, management, visualization, dissemination, and use of
product definition info from initial concept to a products retirement throughout a
company and its supply chain.

Radio frequency automatic identification (RFID)- a system that uses radio frequency
signals to locate and identify product w/ requiring a direct line of sight or contact.

Request for proposal (RFP) or request for quotation (RFQ)- a document used to
detail proposed goods or services requirements and invites responses and bids from
prospective suppliers.

Supply chain management (SCM)- software and web- based apps that help a
company coordinate transactions regarding the flow of materials/ product, info, and
finances as they move throughout the global supply chain.

Harmonized System (HS)- an international identification method developed by the
World Customs Organization (WCO) for the collection of global trade statistics as a
basis for tariff systems and for coordination of customers and trade procedures.

Harmonized Tariff Schedules of the United States (HTS)- expanding the numbering
system, based on the HS, to ten digits to further delineate the individual product
categories and separate imports from exports.

North American Industry Classification System (NAICS)- based on the HS,
introduced in 97 and updated in both 02 and 07; facilitates synchronization in
trade info among trading partners.

Designer ready-to-wear (RTW)- the most expensive garments that can be bought off
the rack.

Customer Price Index (CPI)- measures the monthly and yearly changes in the prices
of selected consumer items in different product categories.

Electronic Data Interchange (EDI)- the computer-to-computer exchange of info
between business partners.

Stock-keeping Unit (SKU)- product numbers that identify individual products for
inventory purposes by style, color, and size.