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Business Concepts

Business Concepts

GTIN

Global Trade Item Numbers (GTIN) are among the several numbers that are used to identify each and every product sold on an E-commerce platform. It is a universal identifier that is found on the product’s cover or packaging, either above or below the bar code.

SKU

Stans for Stock Keeping Unit. SKU is a unique code comprising letters and numbers that determine the characteristics of each product. Example, manufacturer, brand, style, color, and size. Many business owners use SKUs for inventory tracking and storage. Many also label their products with stickers that show the SKU. This is for easier exchanges and returns, or to handle queries from customers about specific products. Learn More.Stock Keeping Unit (SKU)

EAN

Stands for a European Article Number and normally consists of 12-13 digits. This is basically a barcode that identifies each individual product, its manufacturer, and other item characteristics. This code is typically already printed on the label or packaging by the manufacturer.

UPC

Universal Product Code is just like EANs but whereas EANs are used for European products.UPCs are used for items produced in the USA and typically contain 12 digits:

ESIN

A unique Eshopbox Identification Number (ESIN) is generated when a product created.

Courier return/RTO

it refers to the non-deliverability of a package and its return to the seller’s address. The courier agency in case of RTO is not able to deliver the shipment due to the non-availability of the recipient and hence sends it back to the warehouse of the shipper.

Therefore, owing to the obvious math, RTO can be an extra expenditure for you. Therefore, the lower the RTO rate, the better it is for your business.

Customer return

Customer Returns are items that were once sold from the store (or website) and are then returned by the consumer in varying conditions. Sometimes also referred to as Salvage Goods, Customer Returns are typically items that have been purchased from a store (or online store) but then returned by a customer.

Seller on Record

Principal place of business

Principal Place of Business (PPOB) is the primary location within the State where you perform business activities. The principal place of business is the address where you keep business's books of accounts and records and is often where the head of your firm or at least top management is located. Learn more Principal and Additional place of business

Additional place of business

Additional Place of business (APOB) is the place of business where you carry out business-related activities within the State, in addition to the Principal Place of Business. Learn more Principal and Additional place of business

Return to vendor (RTV)

Return to Origin (RTO)

Billing model

In this model, an e-commerce partner buys an item from you. This happens with the understanding that if the item is not sold within decided time, you will take the same back.

Payment adjustments happen at the time of actual sale or return.

Consignment model

In this model, you can keep your item at an e-commerce partner’s facility but ownership remains with you. Learn moreConsignment model

Legal Metrology act

An Act to establish and enforce standards of weights and measures, regulate trade and commerce in weights, measures, and other goods which are sold or distributed by weight, measure or number, and for matters connected therewith or incidental thereto. Learn moreThe Legal Metrology Act

Fulfillment model

The process of receiving, packaging, and shipping orders. All marketplaces have different fulfillment models with different features and benefits. Learn moreFulfilment model

Brand registration

Shipping label

Invoice

Credit note

GST

Claims

SPF

TAT

SLA

Safe-T Reimbursement

 

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