Myntra, where you can buy various products for lifestyle, fashion and more, has been the first one to make it mandatory to use the Tag Loop Codes on several of its products. You will get to know more aspects of this new requirement in this section of this blog.
The Tag Loop act as an inalterable identifier for the products on which they are attached. These are able to label the products with the help of the unique, scannable code that is printed on each Tag Loop. Each Tag Loop has a different code so that these can be differentiated from each other.
These codes are made of plastic and therefore, are tamper-evident. These have labels that are used to identify and differentiate one product without opening it. When the products are packed in the warehouse, the Tag Loop attached to it must be scanned and should be stored along with the product details on the warehouse management system.
When it comes to the sellers, these Tag Loops are going to create a new process that will streamline the whole packaging and shipping operations. Additionally, it will ensure that sellers comply with the requirements of Myntra’s rules and therefore, it will make it difficult for the sellers to file fraud claims.
The customers are going to be getting several advantages from the Tag Loop requirements of Myntra. This will ensure that the customers always get authentic products and there will always be a layer of trust when customers buy products from Myntra.
Initially, these Tag Loops will only be applied to selected categories only. However, moving forward, more categories will be added based on the effectiveness of this new system and the feedback it gets from the affected parties. There will be continuous updates in the Tag Loop to ensure that these keep on becoming more and more effective in future.
With the help of these Tag Loops, Myntra aims to ensure that there is increased authenticity as well as security in delivering the products to the customers. This will increase the customer satisfaction but there is still a lot more to explore in the Tag Loop system in the e-commerce landscape.
Tag Loop is a highly important component in the e-commerce marketplace. These are crucial in the logistics and product management arenas. There are various industries that are already using it while others are on the verge of installing it into their systems. The basic concept of tag loops is that these are for the purpose of security. These are inalterable locks that also act as unique identifiers for products.
The buyers as well as sellers can scan it to get the full details of the product to which these are attached. The main function for which these are introduced is none other than ensuring the traceability and authenticity of products when they are shipped from the warehouse till they are delivered to the customers or back to the warehouse in case of returns.
The Tag Loops are brought up by the e-commerce sellers in order to prevent some possible events. There are several crucial reasons which leads to make the tag loops very crucial in the e-commerce industry and some of the most important ones of them are given as follows:
There can be some serious issues when the operator fails to fetch the tag loop while packaging a product. Some of the complications that it may lead to are given as follow:
There are several categories for which Myntra has specified the rule to implant the tag loops. It is necessary that all the sellers on Myntra understand the importance of the new Tag Loop requirements.
Checking the Eligibility criteria for Tag Loops
There are several steps that are to be followed in order to check the a product category is eligible for tag loops or not. These steps are given as follows:
Some of the categories that are eligible for the tag loop requirements on Myntra are electronics, luxury goods as well as high end apparel. Along with these, the products are easily replicable are also in this category with the high return rate products.
The strategy to implement the tag loops is to initially use it on selected IDs where the sellers need to attach a tag loop before the product is packed. Then, it is mandatory for the sellers to scan the tag loop and record it against the order line item.
With a clear understanding of the tag loop system, its importance and the consequences of missing it, the buyers can make the whole process more efficient. Moreover, this will further enhance the entire reliability of the e-commerce ecosystem.
In order to implement the new tag loop system in the Myntra, there is a need for phased approach, specific packing instructions as well as a thorough understanding of the uniqueness of tag loops. In depth information on the tag loop implementation are given further.
There is a need for proper structure as well as a phased sequence for the successful implementation of Tag Loop System. First of all, there is going to be the pilot phase where the focus will be on selecting the groups of style IDs and then, the purpose of the process to be tested by identifying challenges and refining the approach.
Then comes the style selection based on the product value, return frequency and susceptibility to fraud and it aims to contain a mixture of categories and styles. After this, there will be a close monitoring of the styles selected for tag loop and feedback will be gathered from the stakeholders and other parties involved along with the Myntra Representatives.
With successful implementation of this system in selected few categories, e-commerce can move on to further add more categories to the list of selected categories. Here, the learnings from the pilot phrase will act as a guide for expansion of this list.
Packaging is one of the most important aspects of the tag loop system and therefore, it is important to understand how it is to be done. THere are various details that a seller must know about packaging with the tag loop and these details are given here.
Before the packaging starts, the tag loop is to be attached to the product very securely and it has to be visible and easily scannable.
After this, the tag loop is to be scanned and attached with the order line item in the system of the warehouse. Check it twice before the product is out for delivery. In case of mismatch, rectify the information. Then, the product can be prepared for dispatch with the standard packing process. Also, proper care must be paid to the packaging so that the product or the tag loop is not damaged during the transit.
The uniqueness of the tag loop is the main aspect as it ensures an additional layer of authenticity, security and traceability in the order. It has to be understood properly and the following details will help you with it.
The above given details are why tag loops are a very important and unique aspect of e-commerce nowadays. With addition of these tags in the Myntra’s system, it will be easier for the sellers to get more trust from the buyers and the whole process of selling will be efficient.
The use of Tag Loops in the e-commerce operations is going to better the integrity and efficiency of the online retail operations. Now, we are going to pay attention to the significance of tag loops and their role in changing the environment of online selling as well as its effects on Seller Protection Fund claims.
There is a strategy behind the use of tag loops in the Myntra’s selling system and it raise a fight against various types of frauds in the online retail businesses. Let’s get into its details:
When the tag loops are used correctly, it has a direct impact on the SPL claims and can lead to consequences for the retailers on platforms like Myntra. We are going to understand these things in detail here.
First of all, checking eligibility is important when it comes to SPF. It is a protection for the sellers against losses caused due to frauds, returns and other problems. When a seller does not use the Tag Loops correctly, it can lead them to be ineligible for the seller protection fund claims and therefore, financial losses.
If a seller is on Myntra and sells products of a category that need Tag Loops, it will be difficult for them to sell products without a tag loop code as it can only be done with a scanned tag loop code. Also, if the products are returned and there is no tag on it, it can lead to difficulty in filing for SPF claims.
When a seller does not comply with the tag loop procedure, it can lead to operational delays and inefficiencies in handling returns and claims. Moreover, sellers risk their SPF claims in case they do not follow the tag loop protocols.
As mentioned earlier, tag loops help in enhancing the overall documentation and bookkeeping process. However, in case the seller does not use tag loop, it can disrupt the smooth running of the bookkeeping process and claim approval.
In case the seller has followed all the rules and procedures related to the tag loop requirements on myntra, it can have a positive impact on their position on the platforms. Moreover, strategic moves like use of tag loops can safeguard sellers and their operations from potential risks of financial and operational mishaps.
Being a new requirement in Myntra's operations, there is a need for close and careful observation on the Tag Loop system. With a strategic approach, it can be used to maximize its benefits and decrease the issues that may arise.
Myntra’s Tag Loop Requirement can be a turning point in e-commerce retail services. It will help the platform in ensuring customer satisfaction, seamless deliveries, minimum fraud activities and much more. However, this is still new on Myntra, and therefore, close observation is needed for easier implementation as well as future advancements. There may be challenges in implementing this new system initially, but once done, it makes e-commerce a more secure and efficient ecosystem.Myntra’s Tag Loop Requirement can be a turning point in e-commerce retail services. It will help the platform in ensuring customer satisfaction, seamless deliveries, minimum fraud activities and much more. However, this is still new on Myntra, and therefore, close observation is needed for easier implementation as well as future advancements. There may be challenges in implementing this new system initially, but once done, it makes e-commerce a more secure and efficient ecosystem.