First test
1) In connection with goods vehicle plating and annual testing, the first annual test for which a vehicle/trailer is submitted to goods vehicle testing station (ie in the anniversary month of original registration).
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First test 1) In connection with goods vehicle plating and annual testing, the first annual test for which a vehicle/trailer is submitted to goods vehicle testing station (ie in the anniversary month of original registration). First pick ratio 1) During order picking, the percentage of orders or lines for which 100 per cent completion was achieved from the primary location or picking face. (Source: ILT Supply-Chain Inventory Management SIG) First-aider 1) Person trained in first aid procedures – usually nominated within a firm to be responsible for first aid matters in a department/section office. First Aid (FA) 1) Legislation requires employers to advise employees about FA and provide training as necessary and FA boxes containing specified articles. Last-in, first out (LIFO) 1) Stock valuation: the method of valuing stocks which assumes that all issues or sales are charged at the most current cost but stocks are valued at the oldest cost available. Stock rotation: the method whereby the newest goods in stock are delivered (sold) and/or consumed first. (Source: ILT Supply-Chain Inventory Management SIG) |
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