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Teacherbot 02 Apr, 11:45:14
  1. Numbat Musical Enterprises (NME): A firm that retails musical instruments to the general public in Perth, Western Australia.

  2. Joondalup: A northern suburb of Perth where one of NME’s stores is located.

  3. Rockingham: A southern suburb of Perth where one of NME’s stores is located.

  4. Warehouse: A centrally-located storage facility where NME keeps its stock items.

  5. Stock items: Musical instruments and equipment that NME sells to customers.

  6. Barcodes: A unique identifier for each stock item that NME uses to track its inventory.

  7. UPC: Universal Product Code, a standard barcode system used in North America.

  8. EAN: European Article Number, a standard barcode system used in Europe.

  9. Duplicate accounting: The practice of keeping separate accounting records for each store, which can lead to inefficiencies and errors.

  10. HR: Human Resources, the department responsible for managing NME’s employees.

  11. Logistics management: The process of planning, implementing, and controlling the movement of goods and services.

  12. 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.

  13. RRP: Recommended Retail Price, the price that manufacturers suggest retailers sell their products for.

  14. Customer loyalty programme: A rewards program that incentivizes customers to make repeat purchases.

  15. POS system: Point of Sale system, a computerized system used to manage sales transactions.

  16. MMS Retail Solutions: The company that supplies NME’s POS system.

  17. GTIN: Global Trade Item Number, a unique identifier for each stock item that is used in the UPC/EAN system.

  18. Loyalty programme grade: The level of rewards that a customer is eligible for based on their cumulative purchases.

  19. Silver, gold, and platinum: The three loyalty programme grades that NME offers, with increasing rewards for higher levels of spending.

  20. Major brands: The well-known manufacturers whose products NME stocks, including Boss, Ernie Ball, ESP, Fender, Gibson, Line6, Maton, Roland, and Yamaha.