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What exactly is vendor management and how does it work? Need some ideas and tips

Discussion in 'eCommerce' started by Ramesh8248, Feb 10, 2017.

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  1. #1
    Hey friends,
    I am trying to learn MAGENTO 2 to develop Online E-commerce platform for my company. Everything is going well, and in line with what I planned. However, I have a few doubts about the working of an e-commerce setup, which I wanted to ask you.

    The most important thing that I needed to understand is What exactly is vendor management and how does it work with Magento 2?

    My knowledge about vendor management is very limited, so I need some suggestions and comments from all of you about the best ways to manage vendors and their inventory.

    To give you an example, suppose one of my vendors added 'PRODUCT A' in the catalog. If the vendor has 50 units of the product available as of today, and I am showing 50 units on my website, how do I keep track if he sells a few of those to physical or some other e-commerce site? How exactly does tracking inventory work with vendors? Is there an application or extension of Magento 2 which should be installed at the vendor's end to update the system? Or is it done in some other way?

    Kindly help. Thanks in advance
     
    Ramesh8248, Feb 10, 2017 IP