Automated and Accurate Data Management
Integrating Data With Your Marketplace
If you plan to represent your different vendors inventory information, you need to know how you will be inserting that data into your platform. Does your system have that capability? What about the software you are considering for your buying group marketplace? You want to be able to sync with your different vendors, pulling in their inventory and location data.
Furthermore, you’ll want to know whether the platform updates in real time or near real time. Also consider how the system will handle a vendor doing maintenance on their application meaning the application is down for a short while. Can your system interpret that it is not updating and make intermediate updates until it has better information?
For example, imagine that the buying group made a purchase for 500 parts and there were exactly 500 in stock. You’ll need to stop showing the item as “in stock,” as there has been a purchase that has depleted the on-hand inventory for that particular vendor. You’ll want to be able to send the multi warehouse information to your vendors, so they know where to restock their inventory from.