GLOSARY

💙PRODUCTIVITY: A measure of the efficiency of a person, machine, factory, system, etc., in converting inputs into useful outputs.
Productivity is computed by dividing average output per period by the total costs incurred or resources (capital, energy, material, personnel) consumed in that period. Productivity is a critical determinant of cost efficiency.

 http://www.businessdictionary.com/definition/productivity.html

💙EFFICIENCY: The situation in which it is impossible to generate a larger welfare total from the available resources. In other words, the situation where some people cannot be made better-off by reallocating the resources or goods, without making others worse-off.

 http://www.businessdictionary.com/definition/economic-efficiency.html

💙EFFECTIVENESS: The degree to which objectives are achieved and the extent to which targeted problems are solved.

 http://www.businessdictionary.com/definition/effectiveness.html

💙SHELVING: This traditional shelving style is inexpensive to purchase and install compared to mobile shelving. However, the costs associated with maintaining the additional square footage required for fixed aisle spaces between shelves can lead to higher costs over time.

http://www.businessdictionary.com/definition/static-shelving.html

💙WAREHOUSE: Facility designed for temporary storage.

http://www.businessdictionary.com/definition/warehouse.html

💙CELLAR:  is the space where reception, storage and movements of materials, raw materials and semi-finished products are executed, to the point of consumption by an external or internal customer.

https://es.wikipedia.org/wiki/Bodega

💙OPTIMIZE:To position an economic entity such that it functions as well as possible given constraints that it might be subject to. In economic theory, it is generally assumed that all economic agents are rational and show optimizing behavior, although this is rarely the case in reality.

http://www.investorwords.com/3475/optimize.html#ixzz5UXblxUjT

💙PERISHABLE: Article that can lose its usefulness and value if not appropriately stored or transported, or if not utilized within certain period.

http://www.businessdictionary.com/definition/perishable.html

💙LAYOUT: Master plan or blueprint of a printed or published work (such as an advertisement, book, magazine, newspaper, or website) that lays out the arrangement of its different graphic elements (such as body copy, colors, headlines, illustrations, scale)

http://www.businessdictionary.com/definition/layout.html

💙STOCK:a place where shares are bought and sold, i.e. a stock exchange

http://www.businessdictionary.com/definition/stock-market.html

💙DISTRIBUTION CENTER: Facility that is usually smaller than a firm's main warehouse and is used for receipt, temporary storage, and redistribution of goods according to the customer orders as they are received.

http://www.businessdictionary.com/definition/distribution-center.html

💙TRUCK:A vehicle designed to legally carry people or cargo on public roads and highways such as busses, cars, trucks, vans, motor homes, and motorcycles. 

 http://www.businessdictionary.com/definition/road-vehicle.html

💙FLOWCHART: Pictorial summary (graphical algorithm) of the decisions (such as production, storage, transportation) and flows (movement of information and materials) that make up a procedure or process from beginning to end.

 http://www.businessdictionary.com/definition/flowchart.html