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PHYSICAL INVENTORY—The process of
identifying, counting, and evaluating all stock on
hand at a specific time.
PRICE MANIPULATION—A change in the
price of an item of ship’s store stock by unlawful
means to one’s own advantage.
PROCUREMENT—The act of obtaining
materials or services.
PROFIT—The amount of money remaining
after all expenses and costs have been paid.
PURCHASE ORDER—An order for material
that also establishes a one-time contract. An item
ordered from the Ship’s Store Afloat Catalog is
procured via a purchase order.
RECEIPT—The acceptance of the quantity
and quality of material for accountability
purposes.
RECEIPT INSPECTOR—An officer or
enlisted person given the authority to receive,
identify, and inspect incoming ship’s store stock.
This authority to do this is given in writing by the
ship’s store officer.
RECORDSKEEPER—A person in charge of
keeping ship’s store records.
REFUND—Cash given back to a customer in
exchange for merchandise that was previously
bought from a sales activity.
REQUISITION—An order for material from
a government source; for example, other supply
officers, another ship’s store, or a shore supply
support activity.
RESALE ACTIVITY—A sales outlet.
RESPONSIBILITY—The obligation to
exercise care, custody, and protection of ship’s
store money and materials.
RETAIL ITEM—Any item sold in its original
form in exchange for cash.
RETAIL MARKDOWN—A voluntary price
reduction in the retail price of an item to a price
above or equal to its original cost price.
RETAIL PRICE—The price at which an item
other than standard Navy clothing and cost of
operations items is sold or issued.
RETAIL STORE—A sales outlet where retail
items are sold.
RETAIL STORE OPERATOR—The 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 SURVEY—A proce-
dure for lowering the price of an item by a survey
of money value only.
SALE—Any expenditure of stock for which
cash is received. Accountability y is unchanged by
a sale.
SALES OUTLETS—Retail stores, vending
machines, amusement machines, and standard
Navy clothing stores.
SEPARATE RESPONSIBILITY OPERA-
TION—An operation in which two or more
persons are responsible for the operation of a sales
activity and the bulk storeroom that supplies that
activity.
SERVICE ACTIVITY—A ship’s store facility
that renders a service. The barbershop, laundry,
and dry-cleaning plant are service activities.
SERVICE DESIGNATOR CODE—A 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.
SHIP’S STORE—The sales outlets and service
activities on board a ship.
SHIP’S STORE AFLOAT CATALOG–
Catalog containing luxury and semiluxury items.
It is published and maintained by NAVRESSO.
SHIP’S STORE CONTRACT BULLETIN—
Catalog containing basic staple-type items
required to support the needs of the crew. It is
published and maintained by NAVRESSO.
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