Industry Terms
- Online Marketplace
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What is an Online Marketplace? An online marketplace is a website or application which entertains the sellers and customers to sell and buy their desired products online respectively. The owner of the online marketplace does not hold any kind of inventory but assists other sellers or merchants to sell through the marketplace, making it easier […]
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- Order Confirmation Page
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Order Confirmation Page gives details of the current order along with pricing and shipment details.
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- Order Cycle in Inventory Management: What is it + Tips to Improve
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Definition Order Cycle is the number of days required for a seller to use up a vendor’s supply to meet the supplier’s target order requirement. It also tells the seller how much stock is used and needed before placing a replenishment request. It is the entire process The order cycle takes into consideration the order, […]
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- Order Fulfillment
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A completely functioning order fulfillment process is what most warehouse managers strive to achieve because customers stop buying from a company that doesn’t provide an excellent overall fulfillment experience. Quality order fulfillment and 3PL should be the pivot point around which everything revolves, and as a retailer, you can’t afford to ignore this process. After […]
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- Order Lead Time in Warehouse Management
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The flow of content: What is Lead Time? What is Order Lead Time? Oder lead Time Calculations Advantages of the Order lead time measurements. Summing Up Lead time, as you know, is an essential aspect of the warehouse management and order management process. It is the reason that builds or breaks the trust in the […]
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