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Numbat Musical Enterprises (NME): A firm that retails musical instruments to the general public in Perth, Western Australia.
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Joondalup: A northern suburb of Perth where one of NME’s stores is located.
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Rockingham: A southern suburb of Perth where one of NME’s stores is located.
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Warehouse: A centrally-located storage facility where NME keeps its stock items.
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Stock items: Musical instruments and equipment that NME sells to customers.
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Barcodes: A unique identifier for each stock item that NME uses to track its inventory.
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UPC: Universal Product Code, a standard barcode system used in North America.
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EAN: European Article Number, a standard barcode system used in Europe.
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Duplicate accounting: The practice of keeping separate accounting records for each store, which can lead to inefficiencies and errors.
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HR: Human Resources, the department responsible for managing NME’s employees.
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Logistics management: The process of planning, implementing, and controlling the movement of goods and services.
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Lay-by system: A payment plan where customers make an initial deposit and then pay off the balance over a period of up to six months.
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RRP: Recommended Retail Price, the price that manufacturers suggest retailers sell their products for.
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Customer loyalty programme: A rewards program that incentivizes customers to make repeat purchases.
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POS system: Point of Sale system, a computerized system used to manage sales transactions.
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MMS Retail Solutions: The company that supplies NME’s POS system.
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GTIN: Global Trade Item Number, a unique identifier for each stock item that is used in the UPC/EAN system.
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Loyalty programme grade: The level of rewards that a customer is eligible for based on their cumulative purchases.
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Silver, gold, and platinum: The three loyalty programme grades that NME offers, with increasing rewards for higher levels of spending.
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Major brands: The well-known manufacturers whose products NME stocks, including Boss, Ernie Ball, ESP, Fender, Gibson, Line6, Maton, Roland, and Yamaha.
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