It was founded in Bangalore, India in 2007. It is the largest business to business (B2B) E-commerce in India. They initially started with books and later it got diversified with wide range of products. It is based on consumer products i.e., industry. There was increase in the growth due to its rapid diversification.
Inventory is the ‘stock-in-hand’ of materials for subsequent processing and of the products for ultimate use of the customers or end-users. Keeping track of your inventory is important for any retailer who wants to gain expertise. It is a complete e-commerce system which could give you an idea of your total inventory for each and every supplier. It uses a perpetual inventory system in which then and there the inventory data is updated. As soon as an order is placed the data goes straight and the stock is known. In this system the bar code scans and other technology helps to control the system even better. This is the most reliable as the data is most up to date and accurate. Its Inventory systems let you know when it is time to stock up the inventory on items that are going to be out of stock and can also prevent you from overselling products. It also gives a substantial insight to the rate of selling of products. It also keeps a track and integrates with the catalogue system. It also filters the product as per the requirements of the concerned person. It makes it easier even for sales people. The materials manager can also assess the situation within few minutes. It makes it easy by displaying real time conditions of the inventory of the products which are in stock or out of stock, filters product according to the requirement. It decreases or increases the inventory level as the processing in the or...
... middle of paper ...
...derstood in the clear manner by knowing the type of inventory they use, the number of orders that is placed per day, the type of procurement system that they use for the inventory, terms of contract between the company and the supplier.
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- INTRODUCTION The Internet has become a key ingredient of strenuous and busy lifestyle. ‘Internet’ has become the central-hub for communication, explorations, connecting with people or for official purposes. Resultantly, Internet growth has led to a plethora of new developments, such as decreased margins for companies as consumers turn more and more to the internet to buy goods and demand the best prices. E-Commerce is a type of industry where the buying and selling of products or services is conducted over electronic systems such as the Internet and other computer networks.... [tags: E-commerce market in India ]
2939 words (8.4 pages)
- Flipkart - A giant in the making Flipkart went live in 2007 with the objective of making books easily available to anyone who had internet access. Today, they’re present across various categories including movies, music, games, mobiles, cameras, computers, healthcare and personal products, home appliances and electronics, stationery, perfumes, toys, apparels, shoes – and still counting!. Wow sounds an impressive list but reaching this far wasn't easy. As a matter of fact Flipkart and its investors at this stage are seemingly losing money.... [tags: making books easily available on the internet]
660 words (1.9 pages)
- We will begin by seeing the potential market of e commerce in India. Our main purpose is to evaluate that whether E commerce has as wide a range as physical market or an area wider or shorter than that. India, with 1,270,272,105 people is the second most populous country in the world, while China is on the top with over 1,360,044,605 (1.36 billion) people. As we know people below the poverty line won’t be able to afford luxury items that are often the products sold by online shopping sites, we narrow down our search for potential buyers to the ‘above poverty line’ population.... [tags: Electronic commerce, Online shopping, Amazon.com]
762 words (2.2 pages)
- E-Commerce or Electronic commerce is the trading of services and goods using the internet as the medium for communication. There are various advancements in technologies like mobiles, laptops etc which facilitate the working of this sector. Various technologies used are mobile commerce, electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange (EDI), inventory management systems and automated data collection systems. E-Commerce websites usually use the world wide web for advertisements, transactions and employ engineers, management, logistics, administrative jobs for smooth functioning.... [tags: Electronic commerce, Online shopping]
1733 words (5 pages)
- SWOT analysis on Flipkart If there was a list of top Indian online companies, then Flipkart will surely be on top. There are very few Indian companies worth more than 2 billion dollars and Flipkart as on date is worth more than 11 billion dollars. The company was started in 2007 by the brothers Sachin and Binny Bansal, who took it to staggering heights. . Strengths of Flipkart 1. The largest E-Commerce Retailer of India: Flipkart has sold GMV (Gross Merchandising Value) of $4 billion by February, 2015 and is planning to double it to $8 billion dollars by December, 2015 which evidently shows it is the biggest player in the business.... [tags: Electronic commerce, Marketing]
724 words (2.1 pages)
- Over the last few decades information and communication technology have become a great platform for e-commerce and social-economical development. The rise of internet in the mid-1990 was the first step of the growth of e-commerce. Internet and Information technology both is the main game changer for the entire growth in E-commerce sector. The growth of e-commerce has made many people life very easy. The emerge and growth of e-commerce can be seen all over the world and basically in India. E-commerce industry has boomed and evolved over a period of time with more and more innovations that have changed the face of India.... [tags: information, technology, internet]
830 words (2.4 pages)
- REVERSE LOGISTICS. 21st century is seen as the era of dot coms or one can say the era of startups with e-commerce ventures. besides all pure plays, many brick and mortar businesses are also joining the same league by entering into e-commerce. Online shopping has become a lifestyle now days but it has its ways back to 20th century. In India IRCTC in 2002 for the first time used e-commerce for booking tickets online and than it was followed by airlines for online booking,and then in 2007 came the discounted model of online retailing i.e..flipkart.... [tags: Supply chain management, Retailing]
1866 words (5.3 pages)
- The Bangalore-based e-commerce firmed Flipkart established in 2007.Flipkart has launched its own product range under the name "Digi Flip of Flipkart" with products including tablets, USBs, and laptop bags. At first, the organization was an online book shop. which has now grown up and works through a perplexing structure of business with 20 million items crosswise over 70+ classes available. Business Model- Flipkart basically used B2C Model, a consumer goes to the website, selects a catalog, orders the catalog and an email is sent to the business organization.... [tags: Business intelligence, Analytics]
2158 words (6.2 pages)
- E-commerce is the buying and selling of goods and services or the transmitting of funds or data over an electronic network, like the internet. Many economists expect e-commerce in India to grow exponentially over the years. The e-commerce firms have also experienced a great deal of attention from investors. Investments in logistics, companies helping merchants borrow, and companies giving consumers new means to pay for goods are among the things the e-commerce market is introducing to India. With e-commerce, India, and the buying and selling done there, will be transformed.... [tags: Electronic commerce, Marketing, Online shopping]
736 words (2.1 pages)
- • The Flipkart was founded in 2007 by Sachin Bansal and Binny Bansal, both alumni of the Indian Institute of Technology Delhi. They had been working for Amazon.com previously. The business was formally incorporated as a company in October 2008 as Flipkart Online Services Pvt. Ltd. During its initial years, Flipkart focused only on books, and soon as it expanded, it started offering other products like electronic goods, Air Conditioners, Air coolers, stationery supplies and life style products and e-books.... [tags: amazon, e-business, india]
1473 words (4.2 pages)
- The Negative Impact of Bullying on the School Setting and Student´s Ability to Learn
- The Rise of Female Leaders in Aisa
- Scientific Knowledge: Hypothetico-Deductivists
- What´s Cultivation Theory?
- Production System at Toyota Manufacturing Company
- The Industry of Telecommunications and Wireless-Communication