The Comprehensive Guide For Multi-Vendor Store Management

by Kim Yazzi Digital Marketing

Remember the time when we move from stall to stall and one vendor to another to search for a specific product. After a lot of back-and-forths, you will get the perfect product. Thanks to Amazon-like multi-vendor marketplaces that have aggregated the multiple vendors on one platform and enabled shopping from the comfort of the sofa.

Presently, the multi-vendor marketplaces offering products and services from every corner of the world. Even, during the pandemic, the marketplaces did a wonderful job. However, the things that look easy for the marketplaces are not easy to manage.

The multi-vendor store management includes- keeping the customer happy, managing millions of listed products, timely delivery of the orders, vendors performance, and settling vendor payment. The multi-vendor store needs to keep tabs on various things.

Various Aspects Of Multi-Vendor Marketplace That Needs To Managed

Inventory management

Managing a marketplace is no less tasking than managing a physical store. When it comes to inventory management, things become tricky. If the item that customers want to purchase is out-of-stock, then the customer drifts to other stores. Conclusively, poor inventory management leads to loss of opportunity. The marketplace can manage things in two ways- either they manage inventory by adding vendor’s products or allow vendors to upload products by themselves.