Glossary

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This is a fixed number defined by courier partners and is used as the dividing factor while calculating volumetric or dimensional weight. The divisor can change from courier partner ot courier parntner or depending on the mode of transposrtation used - Air, Surface or Cargo movement

Related Glossaries

COD Remittance Cycle

The cycle or frequency at which COD remittance is processed is known as the COD remittance cycle. There are two components to COD remittance cycles - Frequency of remittnace and Delay in remittance. Frequency of remittance (measured in days per week) refers to how many times remittance is processed within a week Delay in remittance refers to the number of days post delviery after which the remittance becomes liable to be processed by the courier partner to the seller. For instance if the seller is on a twice a week 7 day deferred cycle, that would mean remittance against a shipment becomes due 7 days post delivery of the shipment and is processed in tranches two time a week.

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Reverse Logistics

The process of returning items to their point of origin from the buyer to the manufacturer or supplier is known as reverse logistics. Reverse logistics is an important part of the supply chain and cannot be ignored. With the increase in eCommerce, the number of returns has also increased, making it a big challenge for sellers. So it important to streamline reverse logistics effectively and effeciently.

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Address Geo-Coding

It is a feature that converts a physical description of a location or a place into coordinates to find a location on earth's surface.

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Debit card

Debit card payments directly deduct the purchase amount from the customer's bank account. Debit cards are also widely accepted and are often used by customers who prefer not to accrue credit card debt.

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