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Page Title: Appendix 1, Continued
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FUNCTION—A   particular   process   in   the ROM  system  that  affects  ship’s  store  records. GROUP  SALE—A  sale  of  merchandise  to  a group  in  which  several  individual  orders  have been  consolidated.  A  group  sale  is  made  when individual  sales  to  personnel  cannot  be  made. HEALTH   AND   COMFORT   ISSUES—The provision of toilet goods, tobacco, clothing items, and other necessities required for the health and well-being  of  personnel  without  sufficient  funds to  purchase  them. HIGH  LIMIT—The  maximum  quantity  of material to be maintained on hand and on order to sustain current operations. It includes the sum of stocks represented by the operating level, the safety  level,  and  order  and  shipping  time (equivalent  to  requisitioning  objective). INTRASTORE   TRANSFER—A   movement of  material  from  the  responsibility  of  one  sales outlet  operator  to  that  of  another. INVENTORY    AFFIDAVIT—A    certification signed  by  the  responsible  custodian  and  ship’s store  officer  stating  that  the  inventory  is  accurate and complete to the best of their knowledge and belief. INVENTORY   CONTROL   RECORD—A record used by the ship’s store officer to plan and manage  the  ship’s  store  inventory  by  making  sure inventory  limits  for  ship’s  store  and  standard Navy  clothing  stock  are  not  exceeded;  prevents overbuying  and  underbuying. INVENTORY   LIMITATIONS—The   maxi- mum  dollar  value  of  ship’s  store  stock  that can  be  carried,  at  cost  price,  during  any  one month. INVENTORY   SUMMARY   SHEET—A record  used  to  consolidate  all  Inventory  Count Sheets,  NAVSUP  Form  238,  for  each  individual space. INVOICE—An  itemized  list  of  material  or services  rendered  or  received,  including  quantities, prices,  and  so  forth. ISSUE—An   expenditure   of   stock   for   some further  purpose.  Issues  reduce  accountability. LAYOUT  SKETCH—Sketch  of  each  sales outlet and bulk storeroom prepared by the ship’s store officer including each bin, shelf, showcase, and so forth, in each space identified by a number. LOW LIMIT—The stock position that signals the  need  to  start  replenishment  action.  It  includes the sum of stocks represented by the safety level and  the  order  and  shipping  time  (equivalent  to reorder  point). MANUFACTURED   ITEMS—Items   sold   in the snack bar that require further processing by the snack bar operator before they are sold to the customer. MARKDOWN—A  voluntary  reduction  in  the selling price of an item. There are three types of markdowns:  markdowns  below  cost,  markdowns to  zero,  and  retail  markdowns. MARKDOWN  BELOW  COST—A  voluntary reduction in the selling price of an item below its original  cost  price. MARKDOWN   TO   COST—A   type   of   retail markdown  in  which  the  selling  price  of  an  item is  reduced  so  that  it  is  equal  to  its  cost  price. MARKDOWN  TO  ZERO—An  expenditure of stock through a price change that reduces the value  of  the  item  to  zero. MARKON—Any   voluntary   increase   in   the established  selling  price  of  an  item. MARKUP—The  difference  between  the  cost price  and  selling  price  of  a  retail  item. MONETARY—A term used in the ship’s store operation  referring  to  money. OPTAR—Operating   target.   Obligation authority  granted  by  type  commanders  to  ships and  commands  under  their  control  to  cite  their allotment  in  procuring  materials  and  services. Instructions and limitations are provided by each type   commander. OVERRING—An  incorrect  higher  price  for an  item  rung  up  on  a  cash  register. PARTIAL   SHIPMENT—A   situation   that occurs  when  the  quantity  ordered  on  the  purchase document  is  not  all  received  at  the  same  time. AI-3

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