MarketPlace

 

The online marketplace is basically a place (a website) where you can find products coming from multiple vendors, would they be brands, shops or persons, in the same platform. The marketplace owner is responsible for attracting customer and keeping track of money transactions, whereas the third party vendor is dealing with manufacturing and shipping. This way, the marketplace avoids holding stocks, and the manufacturer sells directly his own products. This kind of supply chain management is usually called drop shipping.

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