Industry Terms

Reading Time: < 1 minute A/B testing, also referred to as split-run testing or bucket testing, is an experiment in which two or more variations of the same thing are contrasted with one another to determine which one performs better. After presenting two versions at random to the audience, performance is evaluated using ab test statistics. 

Reading Time: < 1 minute An advanced shipping notice (ASN) is a well-informed electronic notification from third-party logistics or the supplier to the buyer of an impending or upcoming delivery. The ASN’s structure or format basically depends on what your prospective customer might demand or what information you need to provide as a supplier or a 3PL partner.

Reading Time: < 1 minute The address that the user types during an online transaction is checked using the Address Verification Service (AVS). Ecommerce merchants, shipping businesses, and banks are the main users of this service, which helps to correct incorrect city, state, and zip code combinations. AVS is heavily used in ecommerce and shipping businesses for address validation to […]

Reading Time: < 1 minute Inventory categorization is done using ABC analysis. The ABC analysis is a method through which  inventories are arranged as per their value or importance in terms of revenue generation. As a result, the inventory is divided into three groups (A, B, and C) according to the estimated importance of each. ‘A’ items are the most […]

Reading Time: < 1 minute Amazon.com assigns a unique 10-character alphanumeric code to all its products. This special number given to products is called an ASIN. These ASIN numbers serve as a distinctive identifier for Amazon, allowing it to locate and group products that it deems to be similar.

Reading Time: < 1 minute The stock that is kept in accordance with anticipated consumer demand is known as anticipation inventory. It is quite similar to safety stock but differs in that this stock is typically kept during seasons when it is anticipated that there will be a high demand for the products.  For instance, there is a high demand […]