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The First Problem: |
The Solution: |
The Second Problem: |
The Solution: Doba Inventory On Demand |
The First Problem: Physical inventory costs money
Joe's Electronics works with a supplier that manufactures 4 colors of MP3 players, but due to cost and space constraints, Joe can only carry the blue MP3 player, and he loses out on sales from visitors who want a different color.
The Solution: Virtual Inventory
Using a direct fulfillment model, Joe's Electronics receives product data from the manufacturer for all four MP3 players. Joe uses the data to create a virtual inventory catalog. When a visitor wants an MP3 player, Joe sends the order to the supplier who then ships the product directly to the end customer. Customers get what they want, Joe makes more sales, and the supplier moves more products.
The Second Problem: Virtual Inventory creates data pains
In reality, Joe sells more than MP3 players and works with several suppliers to get inventory for his business. Joe's suppliers have different data formats and business practices. The MP3 supplier, in turn, works with many individual retailers who each have different requests and requirements. The process of managing all the data and transactions is complicated and messy for both sides.
The Solution: Doba Inventory On Demand
Doba's Inventory on Demand Platform enables the one-to-many relationships for both suppliers and retailers by providing a single connection point.