PHYSICAL INVENTORYThe process of
identifying, counting, and evaluating all stock on
hand at a specific time.
PRICE MANIPULATIONA change in the
price of an item of ships store stock by unlawful
means to ones own advantage.
PROCUREMENTThe act of obtaining
materials or services.
PROFITThe amount of money remaining
after all expenses and costs have been paid.
PURCHASE ORDERAn order for material
that also establishes a one-time contract. An item
ordered from the Ships Store Afloat Catalog is
procured via a purchase order.
RECEIPTThe acceptance of the quantity
and quality of material for accountability
RECEIPT INSPECTORAn officer or
enlisted person given the authority to receive,
identify, and inspect incoming ships store stock.
This authority to do this is given in writing by the
ships store officer.
RECORDSKEEPERA person in charge of
keeping ships store records.
REFUNDCash given back to a customer in
exchange for merchandise that was previously
bought from a sales activity.
REQUISITIONAn order for material from
a government source; for example, other supply
officers, another ships store, or a shore supply
RESALE ACTIVITYA sales outlet.
RESPONSIBILITYThe obligation to
exercise care, custody, and protection of ships
store money and materials.
RETAIL ITEMAny item sold in its original
form in exchange for cash.
RETAIL MARKDOWNA voluntary price
reduction in the retail price of an item to a price
above or equal to its original cost price.
RETAIL PRICEThe price at which an item
other than standard Navy clothing and cost of
operations items is sold or issued.
RETAIL STOREA sales outlet where retail
items are sold.
RETAIL STORE OPERATORThe person
in charge of a retail store. For combined
responsibility operations, it also refers to the
custodian of a retail store and the bulk storeroom
that provides supplies for that store.
REVALUATION BY SURVEYA proce-
dure for lowering the price of an item by a survey
of money value only.
SALEAny expenditure of stock for which
cash is received. Accountability y is unchanged by
SALES OUTLETSRetail stores, vending
machines, amusement machines, and standard
Navy clothing stores.
SEPARATE RESPONSIBILITY OPERA-
TIONAn operation in which two or more
persons are responsible for the operation of a sales
activity and the bulk storeroom that supplies that
SERVICE ACTIVITYA ships store facility
that renders a service. The barbershop, laundry,
and dry-cleaning plant are service activities.
SERVICE DESIGNATOR CODEA one-
letter code used to designate whether the activity
is a Pacific Fleet operating unit, an Atlantic Fleet
operating unit, or an activity other than the
Pacific and Atlantic operating units.
SHIPS STOREThe sales outlets and service
activities on board a ship.
SHIPS STORE AFLOAT CATALOG
Catalog containing luxury and semiluxury items.
It is published and maintained by NAVRESSO.
SHIPS STORE CONTRACT BULLETIN
Catalog containing basic staple-type items
required to support the needs of the crew. It is
published and maintained by NAVRESSO.