Definition
Order fulfillment is the process of receiving, processing, and delivering customer orders accurately and efficiently. It involves various tasks such as order receipt, order processing, picking, packing, shipping, and delivery, aimed at fulfilling customer requests in a timely manner while meeting quality standards and service level agreements. Order fulfillment plays a crucial role in customer satisfaction, retention, and loyalty by ensuring prompt and accurate order delivery and service.
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Private Limited Company (Ltd)
A Private Limited Company (Ltd) is a type of company where the ownership is divided into shares held by a small number of shareholders. The liability of shareholders is limited to the amount unpaid on their shares, and the company’s shares cannot be traded publicly on the stock exchange.
Limited Liability Partnership (LLP)
A Limited Liability Partnership (LLP) is a business structure where partners have limited personal liability for the debts and obligations of the partnership. Each partner’s liability is limited to their investment in the LLP, and they are protected from the actions of other partners.