Flipkart, the Walmart owned e-commerce big, is reportedly planning to introduce a ‘value lock’ function for festivals. This function will permit prospects to order merchandise with a small deposit to safe them at a set value, addressing problems with fast sell-outs and value fluctuations throughout festive gross sales.
As per a report by Cash Management, Jeyandaran Venugopal, chief product and expertise officer (CPTO), Flipkart said, “Throughout festive seasons, we have now acquired suggestions that merchandise are offered out or unavailable inside minutes, and with the worth lock function, individuals will have the ability to lock the stock they want.”.
No particular launch date was talked about for the ‘value lock’ service throughout Venugopal’s speech on the Walmart-hosted Converge occasion. Those that have no idea, Walmart acquired a 77 per cent stake in Flipkart in Might 2018.
As per the media publication, prospects might be required to make a small deposit underneath this new function, guaranteeing them entry to a selected product at a hard and fast value, even within the face of elevated demand. This ‘lock’ function goals to guard patrons from value fluctuations and product shortages, that are frequent throughout festive gross sales.
Venugopal additionally talked about that Flipkart’s vendor depend has risen from 1.1 million final 12 months to 1.4 million. Moreover, the corporate, headquartered in Bengaluru, has intensified its dedication to buyer companies, together with options like trial rooms and personalised magnificence and private care steerage.
Earlier this month, Flipkart additionally introduced that it’s seeking to create a couple of lakh seasonal job alternatives throughout its provide chain together with fulfilment centres, sortation centres and supply hubs.
As per the corporate’s assertion, these seasonal jobs, each direct and oblique, will embody these for native kirana supply companions and girls, as reported by PTI.
Furthermore, it additionally added that Individuals With Disabilities (PWDs) will even be employed to create a various provide chain expertise.
“The Large Billion Days (TBBD) is about scale, innovating for India, and impacting the ecosystem. It permits hundreds of thousands of latest prospects to expertise the goodness of e-commerce, a lot of them for the primary time,” Flipkart Group Senior Vice President and Head of Provide Chain, Buyer Expertise and ReCommerce, Hemant Badri stated as reported by PTI.
TBBD is the Flipkart sale time throughout which it provides reductions on merchandise of prime manufacturers.
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Up to date: 16 Sep 2023, 01:21 PM IST
