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Retail: Terminology and Acronyms
COURSE

Retail: Terminology and Acronyms

INR 59
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📂 Industry Enablement for IT

Description

Comprehensive glossary and contextual usage of major retail terms and acronyms to ensure effective communication for IT professionals in retail projects.

Learning Objectives

Learners will be able to recognize, use, and explain key retail terms and acronyms (such as SKU, GMV, POS, ERP, BOPIS, AOV, NPS, 3PL, RFID, LTV, and more) for accurate documentation, solution design, and team collaboration in retail IT.

Topics (7)

1
Digital Commerce & Omnichannel Acronyms

BOPIS, ROPIS, AOV, LTV, NPS, UGC, D2C, FBA, 3PL, IoT, RFID, NFC.

2
Acronyms in Retail Operations

POS, ERP, WMS, OMS, SKU, MRP, EAN, UPC, EDLP, GMV, ASP.

3
Essential Retail Concepts and Vocabulary

SKU, assortment, stockout, shrinkage, footfall, conversion rate, private label.

4
Retail and IT Integration Vocabulary

ERP, CRM, OMS, API, data lake, cloud retailing, automation, ML, AI-commerce.

5
Regulatory, Security & Standards Acronyms

PCI DSS, GDPR, DPDP, ISO, SOC2, HIPAA, CCPA.

6
Maintaining Organizational Glossaries in Retail IT

Governance of enterprise language, documentation tools, best practices, IT change protocols.

7
Industry Slang, Emerging Trends & AI-related Terms

Dark store, ghost kitchen, Q-commerce, hyperlocal, headless commerce, GenAI, digital twin, virtual try-on.