-
Essay / Largest e-commerce in India: FLIPKART - 1573
FLIPKARTIt was founded in Bangalore, India in 2007. It is the largest business-to-business (B2B) e-commerce in India. They first started with books and then branched out with a wide range of products. It is based on consumer products, i.e. industry. Growth has increased due to its rapid diversification.INVENTORYInventory is the “stock on hand” of materials intended for further processing and products intended for final use by customers or end users. Keeping track of your inventory is important for any retailer who wants to gain expertise. This is a complete e-commerce system that could give you an idea of your total inventory for each supplier. It uses a perpetual inventory system in which inventory data is updated from time to time. As soon as an order is placed, the data goes directly and the stock is known. In this system, barcode scans and other technologies provide greater control over the system. It is the most reliable because the data is the most up-to-date and accurate. Its inventory systems let you know when it's time to replenish inventory of items that will be out of stock and can also prevent you from overselling products. It also gives substantial insight into the sales rate of the products. It also keeps track and integrates with the catalog system. It also filters the product according to the requirements of the person concerned. This makes it easier, even for sellers. The equipment manager can also assess the situation within minutes. It makes it easy by displaying real-time inventory conditions of products in stock or out of stock, filters products based on requirements. It decreases or increases the stock level as processing progresses middle of paper......understood clearly by knowing the type of stock they use, the number of orders placed per day, the type of procurement system they use for inventory, the terms of the contract between the company and the supplier. REFERENCES http://inc42.com/magazine/buzz/flipkart-shifts-to-the-amazons-marketplace-model /#axzz30MIbVSNN http://www.exchange4media.com/51110_flipkart-adopts-marketplace-model.html http: //www.flipkart.com/?sitevariant=mobile http://www.livemint.com/Companies/nEzvGCknQDBY2RgzcVAKdO/ Flipkart-India-reports-loss-of-2817-crore.html http://techcircle.vccircle.com /2012/04/24/flipkart-to-head-towards-profitable-revenue-growth-not-just-revenue -growth-sachin-bansal-co-founder/ http://techcrunch.com/2013/10/09 /indias-amazon-flipkart-raises-another-160m-bringing-total-round-to-360m-dragoneer-morgan-stanley-among-new-backers/