Glossary
Business & inventory glossary
We've explained the terms that come up often in retail and clinic operations in plain, simple language.
ABC Analysis
What is ABC analysis, how is it applied to inventory, and why does it matter? We explain the A, B, C classification and prioritization for retail with an example.
Barcode
What is a barcode and how is it used in retail and inventory management? A clear guide to barcode types, checkout speed, and automatic stock updates.
Current Account (Receivables & Payables)
What is a current account and why does it matter? Learn how customer and supplier receivable-payable balances are tracked in retail trade.
e-Archive Invoice
What is an e-archive invoice and why does it matter? Learn how electronically created and stored invoices are used in retail sales.
End-of-Day Report
What is an end-of-day report? Learn how this retail report summarizes daily sales, payment types and cash reconciliation, and why it matters for your store.
Inventory Turnover
What is inventory turnover, how is it calculated, and why does it matter? We explain the turnover ratio for retail and wholesale with an example.
No-show (Missed Appointment)
What is a no-show (missed appointment) and why does it matter? Learn how the no-show rate affects capacity and planning in clinics.
Profit Margin
What is profit margin and how is it calculated? The difference between gross and net profit margin, why it matters in retail, and a simple worked example.
Reorder Point (Critical Stock Level)
What is the reorder point or critical stock level, how is it calculated, and why does it matter? The threshold that helps you reorder before stock runs out.
Session Package
What is a session package and why does it matter? Learn how aesthetic and health clinics sell packages and track remaining session entitlements.
Shrinkage and Spoilage
What is shrinkage and spoilage, how do they differ, and how do you track inventory loss? Learn shrinkage-spoilage management for accurate costs and margins.
Store Credit (Veresiye)
What is store credit (veresiye), how does it work in retail and why does tracking receivables matter? We explain credit ledgers and digital tracking in plain terms.