Inventory Management Policy for Third-Party Sellers

Inventory Management Policy for Third-Party Sellers

Introduction

At Octopus Premium Store (A Part of Octopus Printing Enterprises), (“We” or “Us”) operates an e-commerce platform that allows third-party sellers (“Sellers”) to sell their products to customers (“Buyers”). This policy outlines the requirements and guidelines for managing inventory on our platform.

Inventory Management Requirements

1. Accurate Inventory Levels: Maintain accurate inventory levels to avoid overselling or stock outs.
2. Real-Time Updates: Update inventory levels in real-time to reflect changes in stock.
3. Inventory Threshold: Set inventory thresholds to trigger low-stock notifications.
4. Product Variations: Manage inventory for each product variation separately.

Inventory Management Guidelines

1. Initial Inventory Setup: Provide initial inventory levels during product listing.
2. Inventory Updates: Update inventory levels regularly to reflect changes in stock.
3. Low-Stock Notifications: Receive notifications when inventory reaches threshold.
4. Sold-Out Products: Remove or mark sold-out products to avoid overselling.

Inventory Discrepancies

1. Resolution Process: Resolve inventory discrepancies promptly.
2. Consequences: Failure to resolve discrepancies may result in account penalties.

Inventory Reporting

1. Inventory Reports: Generate inventory reports to track stock levels.
2. Report Frequency: Receive reports monthly.

Inventory Management Tools

1. Platform Tools: Utilize platform-provided inventory management tools.
2. Third-Party Integrations: Integrate with third-party inventory management systems (approved by Us).

Fulfilment and Shipping

1. Fulfilment Options: Choose from drop shipping or easy shipping.

2. Shipping Integrations: Integrate with approved shipping carriers.

Consequences of Non-Compliance

1. Account Suspension/Termination
2. Monetary Damages
3. Legal Action

Changes to Policy

We reserve the right to modify or update this policy at any time.

Acceptance

By selling on our platform, Sellers acknowledge reading, understanding, and agreeing to this policy.

Additional Policies

Please review our additional policies:

– Terms and Conditions

– Privacy Policy

– Shipping Policy

– Return and Refund Policy

– Intellectual Property Policy

Contact Us

For questions or concerns, please contact our Seller Support Team:

Email: wecare@octopuspremiumstore.com