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Picking transaction

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Definition of Picking transaction

Picking Transaction Image 1

Picking transaction

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



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.


Cash transaction

A transaction where exchange is immediate, as contrasted to a forward contract, which
calls for future delivery of an asset at an agreed-upon price.


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.


Going-private transactions

Publicly owned stock in a firm is replaced with complete equity ownership by a
private group. The shares are delisted from stock exchanges and can no longer be purchased in the open
markets.



Highly leveraged transaction (HLT)

Bank loan to a highly leveraged firm.


Intercompany transaction

transaction carried out between two units of the same corporation.


Picking Transaction Image 2

Order picking

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


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.


Realizable Revenue A revenue transaction where assets received in exchange for goods and

services are readily convertible into known amounts of cash or claims to cash.


Round-trip transactions costs

Costs of completing a transaction, including commissions, market impact
costs, and taxes.


Structured arbitrage transaction

A self-funding, self-hedged series of transactions that usually utilize
mortgage securities as the primary assets.


Taxable transaction

Any transaction that is not tax-free to the parties involved, such as a taxable acquisition.


Transaction

The financial description of a business event.


Transaction

A business event that has a monetary impact on an entity’s financial statements,
and is recorded as an entry in its accounting records.


Transaction demand (for money)

The need to accommodate a firm's expected cash transactions.


Picking Transaction Image 3

Transaction exposure

Risk to a firm with known future cash flows in a foreign currency that arises from
possible changes in the exchange rate. Related:translation exposure.


Transaction loan

A loan extended by a bank for a specific purpose. In contrast, lines of credit and revolving
credit agreements involve loans that can be used for various purposes.



Transactions costs

The time, effort, and money necessary, including such things as commission fees and the
cost of physically moving the asset from seller to buyer. Related: Round-trip transaction costs, Information
costs, search costs.


Transactions motive

A desire to hold cash for the purpose of conducting cash based transactions.


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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