Glossary

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It is an inventory management technique, where the inventory that is bought the first is shipped first to the customer

Related Glossaries

COD Remittance

COD remittance refers to the regular payment of COD amount collected from customers at the time of delivery back to the end seller. As an industry practice, the COD collected by delivery executives at the time of door step deliveries is transferred back to the seller at pre-defined frequencies agreed by both the seller and the courier partner. This transfer of funds is known as COD remittance

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Cart Recovery Rate

Abandoned cart recovery rate is the percentage of people who returns back to complete their purchase after abandoning their cart. Sellers using email, whatsapp, messages can send reminders and discounts to customers to entice them to complete their orders

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Shipping Label

A shipping label is a physical document that is very crucial for successful shipping. Shipping label consists of all the necessary information such as the origin address, a destination address, tracking Barcode, etc that guides delivery agents and various stakeholders from picking up the shipment to the final delivery, It is very important for the sellers to carefully stick the label on the shipment to avoid failed deliveries, missing or lost goods, stc.

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CTA (Call to Action) Clicks

Call to action buttons or links are designed to encourage users to take a specific action, such as signing up for a newsletter, downloading a resource, or starting a free trial. Clicks on CTAs are often used to measure the effectiveness of marketing campaigns.

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