Trade Terms

A measurement of how well a given inventory is meeting service objectives. It is calculated commonly by dividing the number of orders filled by the total orders within a given…

Curtain made of fire-resistant material to prevent a fire from spreading from one side of the curtain to the other.

Portable platform designed to hold fire extinguishers and other fire-fighting equipment to be moved by lift truck to the scene of a fire.

The temperature required for the vapor of a liquid to be in sufficient quantity to provide a continuous flame.

The U.S. Fish and Wildlife Service is a bureau within the U.S. Department of Interior. The Service is responsible for the protection, conservation, and enhancement of fish and wildlife and…

An inventory reordering system in which goods are supplied at fixed intervals. The size of the lot varies according to replenishment needs.

An inventory system in which the location of a product never varies.

An inventory reordering system where the order size is constant, but the time interval between orders vary.

The minimum temperature at which the vapors of a volatile liquid or solid will ignite.

A merchandise locator and storage system in which stock locations are assigned on a random basis according to space availability.