FLIPKART 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 diversified into a wide range of products. It is based on consumer products, i.e. on industry. Growth has increased due to its rapid diversification. INVENTORY Inventory is the 'stock on hand' of materials for further processing and products for the end use of customers or end users. Keeping track of your inventory is important for any retailer looking to gain experience. It 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 where inventory data is updated at all times. As soon as an order is placed, the data is displayed directly and the stock is known. In this system, barcode scanning and other technologies help to control the system even better. This is the most reliable as the data is more up to date and accurate. Its inventory systems let you know when it's time to stock up on items that will be out of stock and can also prevent you from overselling products. It also provides substantial insight into the sales rate of the products. It also tracks and integrates with the catalog system. It also filters the product as per the requirements of the interested person. It makes everything easier for sellers too. Even the materials manager can assess the situation within minutes. It simplifies this by viewing real-time inventory conditions of available or out of stock products, filtering products as needed. Decrease or increase the inventory level as the processing in the or...... middle of paper ......clearly understood by knowing the type of inventory used, the number of orders placed per day, the type of procurement system used 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/
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