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Thursday, November 12, 2020

Amazon’s acronym language explained

 

New sellers can get lost in the abbreviations

Amazon loves to use acronyms. They are a part of Amazon’s love language and are used daily. This is something that you may notice when interacting with Amazon or even reading through the Seller Forums. Numerous Amazon acronyms are commonly used and we’ve gathered a few that every seller should know. This list has been compiled for you and will hopefully help you navigate Amazon. Especially for you newer sellers out there.

Amazon acronyms from A-Z:

Amazon acronyms as explained

3P – Third-Party Seller

A third party seller uses inventory they have purchased to sell to consumers on Amazon

AMZ – Amazon

The acronym is a more simple way to say Amazon.

ACOS – Advertising Cost Of Sale

This represents the percentage of sales that was spent on advertising.

API – Application Program Interface

The code that allows software programs to communicate with each other.

ASIN – Amazon Standard Information Number

All products on Amazon will have an ASIN.

ASP – Average Selling Price

The net sales divided by the number of products sold will get you the ASP.

AWS – Amazon Web Services

A subsidiary of Amazon that provides cloud platform and API services.

B2B – Business to Business

Unlike business to customers, the service is for business to business.

BB – Buy Box

This is the box where buyers see the button to purchase products.

BOGO -Buy One, Get One (Free)

This is a great promotional deal that allows you to offer two products for the price of one.

BSM – Buyer-Seller Messages

The messages between the customer and the seller.

BSR – Best Seller Rank

The rank of the item in a category.

DP – Detail Page

The page for the product.

DSP – Demand Slide Platform

This represents the display advertising service.

EAN – European Article Number

A 23 digit number for retail products in Europe.

EBC – Enhanced Brand Content

The detail page description and show enhances content like images.

FBA – Fulfilled By Amazon

The program where Amazon is responsible for storing products and shipping them to buyers.

FBM – Fulfilled By Merchant

The seller is responsible for the inventory storing and fulfilling orders.

FC – Fulfillment Center

Amazon’s storage facility where orders are fulfilled.

FNSKU – Fulfillment Network Stock Keeping Unit

Amazon’s unique identifier used to label units in the fulfillment centers.

GTIN – Global Trade Item Number

A unique 14 digit number used globally to identify products and services.

IP – Intellectual property

Property that is protected such as trademarks, patents, copyrights.

ISBN – International Standard Book Number

A 13 digit number to identify individual books.

MAP – Minimum Advertised Price

The price is determined by a manufacturer. Sellers will be instructed to not sell the product below that price.

MCF – Multi-Channel Fulfillment

Inventory that is stored and fulfilled by Amazon but the order is from another sales channel.

MSRP – Manufacturer’s Suggested Retail Price

This is to keep prices similar for different stores, sales channels, platforms, etc.

ODR – Order Defect Rate

A performance metric based on the percentage of orders with defects such as A-to-z claims and negative feedback.

OOS – Out Of Stock

Items are no longer in stock.

OTC – Over The Counter

Products that do not need a prescription to purchase.

POA – Plan Of Action

When seller accounts or ASINs are suspended, Amazon frequently requests a Plan of Action from the seller explaining what happened – and how they will stop it from happening again.

PL – Private label

Sellers may have a brand but have a manufacturer. These are the suppliers’ products but they do not make them.

Q1 – First Quarter

The portion of the year including January, February and March.

Q2 – Second Quarter

The months of April, May and June of each year.

Q3 – Third Quarter

This includes July, August and September of a calendar year.

Q4 – Fourth Quarter

Busy months for retail. Q4 includes the last three months (October, November and December) of the year.

QA – Quality Assurance

To ensure the desired quality of the service and/or product.

SC – Seller Central

The seller portal for the Amazon marketplace. Amazon Seller Central

SFP – Seller Fulfilled Prime

The program where sellers must meet Amazon’s Prime requirements.

SKU – Stock Keeping Number

The code to identify a product.

SLA – Service Level Agreement

The agreement details the expected level of service.

TOS – Terms Of Services

The rules and regulations that the seller must follow.

UPC – Universal Product Code

A 12-digit code is associated with the barcode of a product.

VAT – Value Added Tax

For products sold in the United Kingdom and Europe. This is a consumption tax levied on products at each and every point of sale in which value was added.

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