Supplychain management is the management of the flow of goods and services, involves the movement and storage of raw materials, of work-in-process inventory, and of finished goods from point of origin to point of consumption. While supply suggests you have a product remember that you can also be a part of the transfer of a product or service.
In the digital world there are endless opportunities for you to find your niche but regardless there are some terms that you will want to be accustomed to. Some important ones include:
Drop shipping is a supply chain management method in which the retailer does not keep goods in stock but instead transfers its customer’s orders and shipment details to either the manufacturer, another retailer, or a wholesaler, who then ships the goods directly to the customer.
Today many people find items to drop ship from: https://www.aliexpress.com/
The conditions under which a seller will complete a sale. Typically, these terms specify the period allowed to a buyer to pay off the amount due, and may demand cash in advance, cash on delivery, a deferred payment period of 30 days or more, or other similar provisions like a letter of interest (LOI).
Joint Venture (JV).
A joint venture is a business entity created by two or more parties, generally characterized by shared ownership, shared returns and risks, and shared governance.
This document establishes the commission terms and structure between a company and its employee or contractor. This document can be used when a company hires someone to promote the company or the company’s products and services.
A person who buys and sells goods or assets for others. Find a seller of a product or service and see if you can find a buyer for a higher price.
You get paid the difference just for connecting the buyer and seller.
A person or company that sells something they have bought to someone else.
A white-label product is a product or service produced by one company that other companies rebrand to make it appear as if they had made it.
A marketing arrangement by which an online retailer pays commission to an external company or person for traffic or sales generated from its referrals.
While everything on our platform is affiliate enabled you may want to look at other offers at companies like:
A person or company that undertakes a contract to provide materials or labor to perform a service or do a job
A collection of stores in one area that shares client traffic.
We utilize your gendigital.me profile to manage all of your projects and requests.
Once your order or request comes into the network we ensure you are matched with the appropriate specialist and your working projects group is created.
Inside each projects workspace you with have direct team communication, access to all addition documents, time tracking, invoicing, and over-all projects timeline.
If you haven’t yet registered for your gendigital.me profile we invite you to join the network here!