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Definition of Picking list

Picking List Image 1

Picking list

A document listing items to be removed from stock, either for delivery to the shop floor for production purposes or for delivery to a customer.



Related Terms:

Batch picking

picking for several summarized orders at the same time, thereby
reducing the total number of required picks. The combined picks must still be
separated into their constituent orders, typically at some central location.


Cherry Picking

Selecting specific assets for sale so as to record desired gains or losses.


Discrete order picking

A picking method requiring the sequential completion of
each order before one begins picking the next order.


Listed stocks

Stocks that are traded on an exchange.


Listed stocks

Stocks that are traded on an exchange.



Order picking

The process of moving items from stock for shipment to customers.


Picking transaction

Withdrawing parts or subassemblies from stock in order to
manufacture subassemblies or finished products.


Picking List Image 2

Specialist

On an exchange, the member firm that is designated as the market maker (or dealer for a listed
common stock). Only one specialist can be designated for a given stock, but dealers may be specialists for
several stocks. In contrast, there can be multiple market makers in the OTC market.


Venture Capitalist

Entity investing in companies that have an element of risk but offer potentially above average returns.


Watch list

A list of securities selected for special surveillance by a brokerage, exchange or regulatory
organization; firms on the list are often takeover targets, companies planning to issue new securities or stocks
showing unusual activity.


Wave picking

The practice of grouping the priority of pick lists so that groups of
picked orders can be delivered at the same time, such as a set of orders being
delivered to a single customer on a single truck departing at a specific time.


Zone picking

The practice of picking by area of the warehouse, rather than by
order, requiring an additional consolidation step from which picking by order
is completed.



 

 

 

 

 

 

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