Retail

We help you discover the technical terms and acronyms of the Retail industry.

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KIT

A number of individual units of items that are supplied or used as one piece.

Kitting

Logistics process aimed at the preparation of kits. It consists of grouping the individual parts necessary for the assembly of a product into a set, creating a package that is called a “kit”. The assembled kit is delivered to other assembly line operators who will in charge of assembly the final product.

KPI (Key Performance Indicator)

Performance indicators are numbers or ratios that indicate the effectiveness and efficiency of part or all of a process, compared with a predetermined objective. They measure the status of a process over time and help to verify the current condition of a business, to change the trend and to find the starting point for subsequent improvements.