Understanding the risk score feature

Understanding the risk score feature

There are occasions when an order cannot be delivered to the customer for various reasons, resulting in a failed delivery. To minimise this, Eshopbox has devised a feature of assigning a risk score to the orders to predict the chances of a failed delivery.

This feature can help you to identify the orders which have a high chance of delivery failure and rectify them before shipping. Taking action on such orders on time can reduce the costs involved in shipping the order and prevent business losses.

The risk score feature can help to:

  • reduce the chances of failed delivery attempts

  • reduce the courier-initiated returns due to failed delivery attempts

  • maintain customer satisfaction

  • protect against any losses due to fraud or malicious activity

  • prioritize orders that require attention

  • provide valuable insight into customer behaviour

Note: Risk score will be calculated only for those orders where Eshopbox shipping is applicable.

How does risk score work?

Based on multiple data points, Eshopbox calculates and assigns a risk score to orders as high, medium or low.

  • High-risk: Orders with significantly high chances of a failed delivery are labelled as high-risk.

    Note: Orders with a high risk of failed delivery are put on hold. It is crucial to take preventive measures in response to such orders. Learn here how to manage orders with a high-risk score.

  • Medium risk: Orders with moderate chances of a failed delivery are labelled as medium-risk.

  • Low risk: Orders with low chances of a failed delivery are labelled as low-risk. This means the order is expected to get delivered successfully to the customer.

Once you enable the risk score feature for your workspace, a risk score is assigned to every order based on the chances of delivery failure. An order with a high-risk score is put on hold. You will receive email notifications for such orders. You can also notify your customers about orders on hold due to high risk.

Depending on the reason for a high-risk score, Eshopbox suggests the following action steps:

If no action is taken on an order on hold due to high risk for more than 24 hours, Eshopbox will automatically release and process it. This time is set as 24 hours by default on your workspace. You can, however, customise this time period as well, depending on your requirements. Learn here how to customise the auto-release time period.

Enabling the risk score feature for your workspace can be beneficial for your business. It is important to take corrective actions on orders with high chances of delivery failure before shipping them. Learn here how to enable risk score for your workspace.