Cash on delivery or COD is a popular form of payment for purchases made online. In this method, buyers make payments for their purchases in cash or card at the time of delivery of materials. In this process of payment, a buyer is most confident about purchases made and the sales are also higher for online sellers.
Logistics is the greatest challenge for any eCommerce company especially in a country like India whose territory is vast. eCommerce logistics model has become so advanced that online buyers could track their consignment from the date of dispatch from factory or warehouse till delivery at consignees address. It is even more difficult in rainy season as extensive areas get flooded and many bridges get damaged.
Magento is an eCommerce platform built on open source technology that provides online merchants with control over the look, contents and even functionality of the respective online stores. The appended advantages of this platform are as follows:
The eCommerce domain in the USA is a bit different than India in a considerable manner. Be it the percentage of the population involved in online buying or the market value of the USA based eCommerce retailers or the government norms related to Import/Export or the taxation system involved in eCommerce, etc. speaking only through statistical terms, the eCommerce realm of USA is ahead of that of India. But having quoted this, it is also a noted fact that accounting to Indian eCommerce’s CAGR, it is sure to surpass that of US soon and become the global leader of eCommerce marketplace.
In eCommerce market of India, which is growing at an astonishing (around) 30% CAGR, Logistics, Shipping, and Delivery together make up the soul of the Supply Chain Management process. They are individually complex steps in themselves because there are many sub-steps involved to complete each single phase.