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Glossary

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Weight reconciliation ensures that the shipment weight is consistent, there is no different between trhe weight given by the seller and the weight calculated by the courier partner. This practice eliminates the hassle of weight discrepancy and revenue loss from excessive fees.

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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Shipment lost

The shipment cannot be located or has gone missing during the shipping process.

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Cart Conversion Rate

The success of a business is determined by your cart conversion rate. It is the percentage of carts that end up as a purchase. It is measured by dividing the number of successful orders by the total number of shopping carts opened by potential buyers

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FAD

The first delivery attempt for a shipment.

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