Vendorboat Pvt Ltd reposted this
𝐒𝐡𝐚𝐥𝐥 𝐰𝐞 𝐟𝐨𝐥𝐥𝐨𝐰 𝐭𝐫𝐚𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐬𝐮𝐩𝐩𝐥𝐲 𝐜𝐡𝐚𝐢𝐧 𝐦𝐞𝐭𝐡𝐨𝐝𝐬 𝐢𝐧 𝐟𝐚𝐬𝐡𝐢𝐨𝐧 𝐢𝐧 2024? It’s time to reflect on how our supply chain methods for e-commerce have not evolved much from those used in offline business. We're still investing in inventory first, then selling it online. But why is this problematic? Here are a few points: 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐄𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐞: In offline business, customers physically experience the product before buying, necessitating inventory. Online, customers purchase based on photos—do we really need to keep large inventories for that? 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐚𝐜𝐡 𝐚𝐧𝐝 𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐨𝐧: Offline businesses cater to a local area, making sales relatively easier. Online, you're competing with thousands of brands simultaneously. To stand out, you must be unique. Selling the same product at a higher price than a competitor isn't a viable strategy. There are many other differences as well. 𝐒𝐨, 𝐰𝐡𝐚𝐭'𝐬 𝐭𝐡𝐞 𝐚𝐥𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐯𝐞? 𝐎𝐧-𝐃𝐞𝐦𝐚𝐧𝐝 𝐌𝐚𝐧𝐮𝐟𝐚𝐜𝐭𝐮𝐫𝐢𝐧𝐠 & 𝐅𝐮𝐥𝐟𝐢𝐥𝐥𝐦𝐞𝐧𝐭. Imagine a supply chain where products are manufactured only after receiving an order. This eliminates the need for product inventory and enables us to keep pace with fast fashion trends. Sounds challenging? Not anymore. At Vendorboat Pvt Ltd, we’ve made this possible. After years of R&D, we have cracked the new supply chain solution. Credit: AI-generated image