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B2B e-commerce platforms reduce inventory costs by 40% for SMEs

The platforms are also offering multiple choices to SMEs to source raw material from across India and the globe

Vimukt Dave  |  Ahmedabad 

B2B e-commerce platforms inventory management services is gaining popularity among small and medium enterprises (SMEs). This has resulted in reducing inventory costs by 40 per cent for SMEs. SMEs who would earlier procure raw material from various sources and stock it for one month to three months, are now opting for B2B e-commerce players like Power2 SME, Tradohub and IndiaMart are offering inventory on behalf of SMEs, thereby reducing the former's inventory costs by over 40 per cent. According to SMEs, this has reduced their stock maintenance cost drastically and also supplying ...

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First Published: Fri, September 23 2016. 16:06 IST
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