"Amazon.com, Inc. It is an American multinational technology company headquartered in Seattle, Washington, focusing on e-commerce, cloud computing, digital streaming, and artificial intelligence. Along with Google, Apple, Microsoft, and Facebook, it is in the "Top Five Companies" list in the United States information technology industry. The company is referred to as "one of the world's most influential economic and cultural forces" and "one of the world's most valuable brands".
Amazon was founded on July 5, 1994 in Bellevue, Washington by Jeff Bezos. The company first emerged as an online marketplace for selling books, but over time it has expanded to sell electronics, video games, clothing, furniture, food, toys, and jewelry. In 2015, it surpassed Walmart as the most valuable retailer in the United States in terms of market value. Amazon acquired Whole Foods Market for $13.4 billion in 2017, significantly increasing its size in the industry as a physical retailer.”
Amazon Standard Identification Number (ASIN), is unique identification number assigned for product identification within the Amazon organization for Amazon and its partners. Amazon Standard Identification Number (ASIN) is a ten-digit unique alphanumeric code that identifies products on Amazon.
Amazon Best Sellers Rank is the number that indicates the rank of each product in a catalog of millions of products. The ranking itself is based on a number of factors, but first and foremost it represents a product's final sales volume. The Best Sellers Rank (BSR) is an Amazon designation based on an in-house algorithm that reflects a product's past and current sales.
It is the process of facilitating both the shipment and the delivery of goods across geographic borders for individuals and organizations.
The system that selects the vendor that will provide maximum benefit to the customers with the algorithm metrics determined in the case of selling a single product by more than one seller and carries the product of this seller up in the list is called a buybox. When the product is searched and clicked by the customer, the product of the vendor who wins the Buybox opens the first.
Cost of goods sold is a calculation used to provide an indication of the retail value of inventory. This term is also sometimes referred to as COGS, which represents the cost of goods sold.
Using Amazon's marketing services is the key to successfully launching a new product. As an Amazon vendor, you can use Amazon's coupon program to offer discounts on your products.
Customs Broker helps remove barriers to global trade for its clients by facilitating the import and export of goods across international borders.
It is an English foreign trade term and is used in the sense of "Customs Clearance" or "Customs Transactions". Customs procedures are carried out according to the customs laws of the countries. The customs laws applied by each country differ from each other.
Delivered Duty Paid means that the seller delivers the goods to the buyer without unloading from the transport vehicle that is cleared for import and arriving at the specified destination.
Dropshipping (DS) is an order fulfillment method in which products are not kept in-house. Instead, when a customer purchases an item, the store purchases the item from a third-party vendor, and then the item is shipped directly to the customer.
The tax levied by the state on goods and services imported and exported.
It is the estimated time of arrival for goods moving in the logistics process. It is the time when a ship, vehicle, aircraft, cargo, emergency service, or person is expected to arrive at a particular location.
A term used by Amazon to describe brands distributed and sold on its platform.
Sometimes referred to as freight, it is a third-party shipping service that will contact your supplier to coordinate all shipping details. An organization or person that provides logistics services that performs shipment and distribution in transportation types such as combined transportation such as land, air, sea rail.
Fulfillment by Amazon (FBA) is a service offered by Amazon that allows third-party sellers to store their products in Amazon's fulfillment centers. At the sales point, Amazon selects, packs, ships and handles customer service on behalf of the third-party seller.
Fulfillment by Merchant (FBM) is the process by which sellers post their products online at an Amazon store, providing their own customer service, storage, packaging, and shipping for buyers who purchase.
A large warehouse where products are stored, prepared and shipped on behalf of Amazon and its third-party vendors.
A system that allows you to give the products you want you sell on Amazon as giveaways and thus advertise your brand. The Amazon giveaway service is an effective method to stimulate the sale of products that you cannot sell at all. All sellers with an account on Amazon can give away by distributing free products to their users.
Import duties are tariffs imposed by a country's customs authorities on imported goods and services to increase government revenues.
Importer of Record (IOR) is the party responsible for ensuring that legal goods are imported in accordance with the laws and regulations of the importing country.
Products that you list and offer for sale on Amazon and any other e-commerce platform.
The Inventory Performance Index is a number between 0-1000 that is used to measure inventory health based on capturing low inventory and excess inventory.
Keywords are words related to your product. Using the right keyword helps potential customers find your products.
It is the process of managing the physical flow of goods from one place to another along the supply chain.
This Amazon order fulfillment option allows FBA sellers to select the countries where they want to ship their inventory and have orders fulfilled by the relevant local fulfillment center for that Amazon store.
It is the situation where the income obtained in the production of a good and service is higher than the cost.
It is the process of buying products as cheaply as possible on one e-commerce platform and selling them at a higher price on another e-commerce platform.
It's an option for sellers who are actively selling on Amazon's European marketplaces, allowing them to ship their products to a single central fulfillment centre. Amazon then ships the products to fulfillment centers across the continent.
They are the products produced by the manufacturer company only in the direction desired by the vendor company, in the name and quality desired only by that company.
It is the process of finding low-priced items in a retail store to sell at a higher price on Amazon or another e-commerce platform.
The web interface that certain Amazon marketplace sellers use to manage their individual vendor accounts. These vendors are considered third-party vendors.
It is the transportation of goods from one place to another using air, land and sea transport.
A term used to describe merchants unrelated to the "owners" of an e-commerce platform. For example, on Amazon 3P, vendors are people who sell FBA or FBM.
Value Added Tax (VAT) or Sales Tax is a form of excise tax applied to purchases of goods or services and other "taxable goods".
In the Amazon example, a vendor is a person or business that sells products directly to Amazon. The vendor also acts as the manufacturer or supplier and is tasked with delivering the products to Amazon's warehouses.
It means that a company has removed its logo/brand from one of its products and has agreed to put another company's brand/logo on that product.
