Short Forms and Full Forms Used in Retail and Other Business

Short forms of any long meaning words make our life very easier and every time you are not going to say their full manes like, take an example of one most common word of our routine life is COMPUTER - but are you tell full name of it? No. So what is the full name of COMPUTER - Common Operating Machine Purposely Used for Technological and Educational Research. 

So like this there are so many short names are available in retails sectors also but if you tell each and every full name, it is not possible. So here below I have mention for you some very interesting and useful short names and full forms for you. Let's get on it.

I have this knowledge because I had past experience of working in TPI (Third Party Inspection) Agency. Where I have to keep knowledge about this kind of work. For my profile you can visit on About Us.

Short Forms and Full Forms

3PL - Third Party Logistics

AOV – Average Order Value

API – Application Programming Interface

AOV – Average Order Value or Volume

AR – Augmented Reality

AIV - Average Invoice Value

BIT - Break It Down

BS - Business Balance Sheet

B2B - Business To Business

B2C - Business To Customers

BR - Bounce Rate

BTW - Back To Warehouse

CAC - Customer Accusation Cost

CAO - Chief Administrative Officer

CFO - Chief Financial Officer

CEO - Chief Executive Officer

CMO - Chief Marketing Officer

COB - Close Of Business

COGS - Cost Of Goods Sold

CR -  Credit

CFP - Certified Financial Planner

CLTV - Customer Life Time Value

COO - Chief Operating Officer

CPA - Certified Public Account

CSR - Corporate Social Responsibility

CMS - Content Management System

CTA - Call To Action

CPC - Cost Per Click (For Marketing Department)

CTR - Click Through Rate

CRM - Customer Relationship Management

CRO - Customer Rate Optimization

CSO - Chief Security Officer

CSV - Comma Separated Values

CN - Credit Note

CTO - Chief Technology Officer

DC - Distribution Center

DOE - Depending On Experience

DSD - Direct Stock Delivery

DM - Direct Message ( Used in various fields)

DDP - Delivery Duty Paid

DDU - Delivery Duty Unpaid

EDLP - Every Day Low Price

EDI - Electronic Data Interchange

EOD - End Of Day

EOM - End Of Message 

EOW - End Of Week

EOL - End Of Life

EOT - End Of Thread

EPC - Electronic Product Code

EPS - Earning Per Share 

ERP - Enterprise Resource Planning

ESP -  Email Service Provider

ETA - Estimate Time of Arrival

FMS - Fast Moving Stock

FTE - Full Time Employee

FIFO - First In, First Out

FWIW - For What It's Worth

GIT - Goods In Transit

GRN - Goods Receipt Notes

GP - Gate Pass

GC - Global Count

GTIN - Global Trade Item Number

HR - Human Resource

IAM - In A Meeting

IMO - In My Opinion

IOU -  I Owe You

ISP - Internet Service Provider

IPO - Initial Public Offering

IM - Instant Messenger

IPQ - Initial Purchase Quantity

KMP - Key Merchandise Principal

KPI - Key Performance Indicator

KISS - Keep It Simple, Stupid

LIFO - Last In, First Out

LTV - Life Time Value

LBO - Leveraged buyout

MC - Merchandise Controller

MRN - Merchandise Return Note

MRTV - Mass Return to Vender

MRF - Margin Per Fit

MTD - Month To Date

MOM - Month Over Month / Minutes Of Meeting

MRP - Maximum Retail Price

                            

NRGP - Non Returnable Gate Pass

NTGRN - Non Trading Goods Receipt Note

NPS - Net Promoter Score

NSFW - Not Safe For Work

NRN - No Reply Necessary

NIM - No Internal Message

NWR - Non Work Related

NAV - Net Asset Value

OOO - Out Of Office

OTP - On The Phone

OJT - On Job Training

OSRT - Open Source Ticket

ORPOS - Oracle Retail Point of Sale

PO - Purchase Order    

PI - Purchase Invoice

PRN - Purchase Return Notes

PDT - Portable Data Terminal

PTE - Part Time Employee

PTO - Paid Time Off

POC - Point Of Contact

PA - Performance Appraisal

P-Card -  Purchase Card

P/E - Price to Earnings

P and L - Profit and Loss

PM - Project Manager

PR - Public Relations

PPC - Pay Per Click

QA - Quality Assurance

QOQ - Quarter Over Quarter

QTD - Quarter To Date

RMS - Retail Management System

RSTN - Return Stock Transfer Note

RTW - Returned To Warehouse

RGP - Returnable Gate Pass

RFD - Request For Discussion

RE - Referring

ROI - Return On Investment / Rate Of Interest

ROA - Return On Assets

ROE - Return On Equity

R and D - Research and Development

RFP - Request For Proposal

RT - Retweet

RSI - Retail Sales Index

RDF - Retail Development Funds

RTV - Return To Vendor

SMS - Slow Moving Stock

STN - Stock Transfer Note

SIS - Shop In Shop

SAD - Stock Adjustment Discloser

SIM - Store Inventory Management

STN - Stock Transfer Note

SMART - Specific, Measurable, Achievable, Relevant, Time-bound

SAAS - Software as a Service

SMB - Small to Medium Business

SWOT - Strengths, Weakness, Opportunities, Threats and Refers

SCM - Supply Chain Management

SKU - Stock Keeping Unit

SG&A - Sales General & Administrates Cost

TL;DR - Too Long, Didn't Read

TED - Tell, Explain, Describe

TYT - Take Your Time

TLTR - Too Long To Read

TOS -  Term Of Service

UPC - Universal Product Code

UI - User Interface

URL - Universal Resource Locator

UX - User Experience

VPN - Virtual Private Network

WOM - Word Of Mouth

WOS - Weeks Of Supply

YTD - Year To Date

YOY - Year Over Year

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