Flipkart is an Indian e-commerce company that started in 2007 selling books online. It has since expanded into additional product categories like mobile phones, electronics, and apparel. The document discusses Flipkart's mission to provide customers with a delightful shopping experience and become the Amazon of India. It also analyzes the online retail industry in India and discusses factors like increasing internet usage, competition from other companies, and challenges around customer loyalty and payment options. The SWOT analysis identifies strengths like Flipkart's logistics arm and acquisitions, and weaknesses like an excessive focus on growth over profits.
An overview of the ecommerce giant Flipkart. How did it begin> Who are the shareholders? Problem recognition, USP, business value ,competitors, future plans and business model.
Complete marketing analysis of Flipkart. Piyush Kapoor
consist of marketing analysis of flipkart which includes
History
environmental analysis of flipkart
pest analysis of flipkart
marketing mix of flipkart
An overview of the ecommerce giant Flipkart. How did it begin> Who are the shareholders? Problem recognition, USP, business value ,competitors, future plans and business model.
Complete marketing analysis of Flipkart. Piyush Kapoor
consist of marketing analysis of flipkart which includes
History
environmental analysis of flipkart
pest analysis of flipkart
marketing mix of flipkart
i am really appreciate to know about flipkart because this company to close relationship with me to many sponsership given to me and also iit kharagpur to meet the ceo.
Includes :
About the Company : FlipKart
Acquisitions
Challenges Faced by the Company
SWOT Analysis
Marketing Strategy Used
Flipkart’s Success MANTRA !
Marketing Strategy Evaluation
Conclusion
Flipkart : Strategies for an Industry Top-dog in the E-commerce space Suhasini Jain
The presentation was created for an industry leader : Flipkart and how it can retain its position in the market with respect to its competitors using a few basic strategies .
Flipkart is an electronic commerce company headquartered in Bengaluru, India. It was founded in October 2007 by Sachin Bansal and Binny Bansal.
The Presentation is about how Flipkart emerged their business in Global Context. The presentation tell you the complete details about the company's history, sales, marketing, finance and other operations.
i am really appreciate to know about flipkart because this company to close relationship with me to many sponsership given to me and also iit kharagpur to meet the ceo.
Includes :
About the Company : FlipKart
Acquisitions
Challenges Faced by the Company
SWOT Analysis
Marketing Strategy Used
Flipkart’s Success MANTRA !
Marketing Strategy Evaluation
Conclusion
Flipkart : Strategies for an Industry Top-dog in the E-commerce space Suhasini Jain
The presentation was created for an industry leader : Flipkart and how it can retain its position in the market with respect to its competitors using a few basic strategies .
Flipkart is an electronic commerce company headquartered in Bengaluru, India. It was founded in October 2007 by Sachin Bansal and Binny Bansal.
The Presentation is about how Flipkart emerged their business in Global Context. The presentation tell you the complete details about the company's history, sales, marketing, finance and other operations.
An Analysis Of Research Paper " ‘A Literature Review On The Studies Of Internet Retailing Management’
Tao Zhang, Guijun Zhuang, Yuanyuan Huang
School of Management, Xi’an Jiaotong University, Xi’an, China" By students of ITM Bussiness School, Navi Mumbai, India.
Includes
What is Internet retailing?
Internet Retailing Strategy
Incentives for firms to adopt Internet retailing
Factor affecting Internet retailing adoption
Online business model and marketing strategy
Multi-Channel Management
Online Merchandise Management
Emerging trends in E-tailing: A novel perspectiveBella Meraki
E-tailing (or electronic retailing) is the selling of retail goods on the Internet. It is the most common form of business-to-consumer (B2C) transaction. Now it has become the new shopping method. When most of the consumers spend more time for social meetings, entertainments and other recreational activities, there is hardly any time for physical shopping. E-tailing sites provides exclusive feature which no other retail outlets can offer and makes the customer shopping experience new and worthwhile.
A Wake Up Call - By Prof Swapna Pradhan, WelingkarUday Salunkhe
Traditional brick-and-mortar stores should revisit their business models keeping the customer at the core, in order to stay relevant. This year, my pre-Diwali shopping turned out to be a pleasant experience— considering that I did not have to wait in a long queue at the billing counter. I was in and out of a popular national department store in an upmarket Mumbai suburb in less than 45 minutes.
A Study on Flipkart E-Commerce company ( business research method ) BRM proje...AartiGholape
Flipkart is an e-commerce company founded in 2007 by Sachin Bansal and Binny Bansal. It is a Singaporean company which operates in India, where it is headquarteredin Bangalore, Karnataka. Flipkart has launched its own product range under the name "DigiFlip" with products.
Started in 2007 by former classmates at IT Delhi and later colleagues at Amazon.com Sachin Bansal and Binny Bansal.
Flipkart is also the largest online book store in India. with over 11.5 Million book tires available Currently, flipkart ships 30.000 units per day.
With path-breaking features like Cash/Card on Delivery. 30 Day replacement policy and EMI options Flipkart has now made it possible for anyone across the country with internet access to shop online.
The Flipkart experience a characterized by the intuitive user interface free shipping and low prices.
AS a testimony to the superior customer experience, the company has constantly recorded repeat purchase rates of more than 70%.
The company even has its own delivery network in 27 cities and is set to expand this even further by next year With a team of around 4500 members the company operates from offices and warehouses in seven cities at present.
Michael Porter's 5 Forces in Online retail Store/Retailer FlipkartPreeti Acharya
Michael Porter's 5 Forces, Diagram, Diagram Explanation, About Michael Porter, Supplier Power, Buyer Power, Competitive Rivalry,Threat of Substitutes, Threat of New Entry, Porter's Five Forces For Online Retailer, Recommendations for Flipkart, Conclusions
Trends in eCommerce in India - Powered by Hoppingo.comHoppingo
Year 2014 has been very promising in terms of new eCommerce companies getting established, companies getting huge investments from investors like Tiger Global, Soft Bank etc. Billion has become new million, when it comes to investment in this sector and e-commerce became one of the most sought after investment choice.
We, at Hoppingo, have listed some of the trends that are hitting eCommerce in 2015.
Do let us know if you think differently!
Project report on consumer behavior towards digital marketingArhaam Ansari
A study of consumer behavior towards Digital Marketing. It means what is the factors which influence the consumer behavior in making purchasing decisions and also increase repeat purchasing.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
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Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
Accpac to QuickBooks Conversion Navigating the Transition with Online Account...PaulBryant58
This article provides a comprehensive guide on how to
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Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
"𝑩𝑬𝑮𝑼𝑵 𝑾𝑰𝑻𝑯 𝑻𝑱 𝑰𝑺 𝑯𝑨𝑳𝑭 𝑫𝑶𝑵𝑬"
𝐓𝐉 𝐂𝐨𝐦𝐬 (𝐓𝐉 𝐂𝐨𝐦𝐦𝐮𝐧𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬) is a professional event agency that includes experts in the event-organizing market in Vietnam, Korea, and ASEAN countries. We provide unlimited types of events from Music concerts, Fan meetings, and Culture festivals to Corporate events, Internal company events, Golf tournaments, MICE events, and Exhibitions.
𝐓𝐉 𝐂𝐨𝐦𝐬 provides unlimited package services including such as Event organizing, Event planning, Event production, Manpower, PR marketing, Design 2D/3D, VIP protocols, Interpreter agency, etc.
Sports events - Golf competitions/billiards competitions/company sports events: dynamic and challenging
⭐ 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬:
➢ 2024 BAEKHYUN [Lonsdaleite] IN HO CHI MINH
➢ SUPER JUNIOR-L.S.S. THE SHOW : Th3ee Guys in HO CHI MINH
➢FreenBecky 1st Fan Meeting in Vietnam
➢CHILDREN ART EXHIBITION 2024: BEYOND BARRIERS
➢ WOW K-Music Festival 2023
➢ Winner [CROSS] Tour in HCM
➢ Super Show 9 in HCM with Super Junior
➢ HCMC - Gyeongsangbuk-do Culture and Tourism Festival
➢ Korean Vietnam Partnership - Fair with LG
➢ Korean President visits Samsung Electronics R&D Center
➢ Vietnam Food Expo with Lotte Wellfood
"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
India Orthopedic Devices Market: Unlocking Growth Secrets, Trends and Develop...Kumar Satyam
According to TechSci Research report, “India Orthopedic Devices Market -Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030”, the India Orthopedic Devices Market stood at USD 1,280.54 Million in 2024 and is anticipated to grow with a CAGR of 7.84% in the forecast period, 2026-2030F. The India Orthopedic Devices Market is being driven by several factors. The most prominent ones include an increase in the elderly population, who are more prone to orthopedic conditions such as osteoporosis and arthritis. Moreover, the rise in sports injuries and road accidents are also contributing to the demand for orthopedic devices. Advances in technology and the introduction of innovative implants and prosthetics have further propelled the market growth. Additionally, government initiatives aimed at improving healthcare infrastructure and the increasing prevalence of lifestyle diseases have led to an upward trend in orthopedic surgeries, thereby fueling the market demand for these devices.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
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Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
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As a business owner in Delaware, staying on top of your tax obligations is paramount, especially with the annual deadline for Delaware Franchise Tax looming on March 1. One such obligation is the annual Delaware Franchise Tax, which serves as a crucial requirement for maintaining your company’s legal standing within the state. While the prospect of handling tax matters may seem daunting, rest assured that the process can be straightforward with the right guidance. In this comprehensive guide, we’ll walk you through the steps of filing your Delaware Franchise Tax and provide insights to help you navigate the process effectively.
Filing Your Delaware Franchise Tax A Detailed Guide
Flipkart analysis
1. Flipkart Case Study
By : - Abhinab Robert Rao, Anurag Bari, Nitish Sahu,
Poonam Bachiyani, Tanuj Sethia
2. Online retailing
Online industry is booming in India.
The huge population is only one part of the story because of Low Internet usage, low
credit card penetration, slow internet speeds and fulfillment issues.
It took time for the customers to adopt Modern Retail Outlets format like Reliance
Fresh.
Then came yet another format : e-retailing.
It was really tough to break into this space because Indians were very skeptical about
doing transactions online; providing their passwords , debit card number and all.
Schemes like Cash On Delivery & EMI system made it easy for the customers to get
used to online purchase.
These online portals often sell at loss for getting the traffic in their website & getting
them experience their service.
3. Consumer analysis
Time poor
Want everything at ease
Need a wide range of products to choose from
Need deliveries on time
Want their information to be kept confidential
4. Mission
Mission – Providing a delightful and memorable
customer.
Vision – To become the Amazon of India.
Objective - Completely hassle free shopping
experience with best prices in India.
6. Introduction of New Category
Over the years in Flipkart
2007- Books
2010- Media. Mobile Phones & Accessories.
2011- Gaming and Console , Audio Players and TV,
Personal and Health care, office Supplies, Home and
Kitchen.
2012-Health and Beauty , Lifestyle, Toys, Posters,
Apparels, Sport and fitness, Shoes.
7. Important factors
Order flow :- Customer -> Desktop, Mobile Site,
Mobile Apps -> Flipkart page -> Place Order->
Confirm order.
Customer Policies-> Payment Options, Cancellation
Policies , Refund Policies
Flipkart website Indian ranking 10.
Marketing:- Offline and Online Media both.
Result of marketing Initiatives:- Growth in traffic,
Growth in orders received and Growth in revenue.
9. Strengths
• Strong Brand Value
• Own logistics arm e-Kart
• Own Online payment gateway solution Payzippy.
• Own Marketplace Model.
• Acquisitions
Myntra.
Mime360
Weread.
Chakpak.
Letsbuy.com.
10. Weaknesses
• Investor driven organization or lack of independent
board.
• Secretive Political Culture.
• Excessive focus on expanding customer base rather
than pulling profits.
11. Opportunities
• Providing logistics services to its competitors.
• Growth in online retail sector in India.
12. Threats
From competitors like Amazon, Snapdeal, Infibeam,
Indiaplaza, Homeshop18 etc.
13. Online Retail Industry
1.4 – 1.6 Billion $.
Will grow to 10 billion $. To reach $76 billion by 2021.
Growth driven by the country’s growing Internet –
habituated consumer base.
180 million broadband users by 2020, and a
burgeoning class of mobile Internet users.
14. Major Challenges for
Online Retailers
Customer Loyalty, Trust and Education.
Most of the customers prefer Cash on Delivery option
instead of credit/debit card payment.
So, this makes online retailers to lose some of the
cash as the delivery companies will keep the money
for 15 days and later they pay to these online retail
companies.
15. Porter’s Five Forces Framework
of this Industry.
Supplier power:
In this industry, suppliers are the manufacturers of
finished products like Nike, Dell, Apple etc.
Online retail companies sell various products ranging
from books to computer accessories to apparels to
footwear.
Since there are many suppliers for any particular
category, they can’t show power on online retail
companies.
16. Buyer power:
Buyers in this industry are customers who purchase
products online. Since this industry is flooded with so many
players, buyers are having lot of options to choose.
Switching costs are also less for customers since they can
easily switch from one online retail company to other one.
Same products will be displayed in several online retail
websites. So, product differentiation is almost low. So, all
these factors make customers to possess more power
when compared to online retail companies.
17. Threat of New Entrants:
Indian government is going to allow 51% FDI in multi-brand online retail and
100% FDI in single brand online retail sooner or later. So, this means foreign
companies can come and start their own online retail companies.
There are very less barriers to entry like less amount of money required to
start a business, less amount of infrastructure required to start business. All
you need is to tie up with suppliers of products and you need to develop a
website to display products so that customers can order products, and a tie
up with online payment gateway provider like bill desk.
Industry is also going to grow at a rapid rate. It is going to touch 76 billion $
by 2021. Industry is going to experience an exponential growth rate. So,
obviously no one wants to miss this big opportunity.
18. Threat of substitutes:
Substitute for this industry as of now is physical stores.
Their threat is high for this industry. Though the customers
are going for online purchases instead of going to physical
stores as it will save time, effort, and money. But still many
people still rely on retail stores.
When we compare relative quality, relative price of product
that he/she buys online with physical store, both are almost
same and in some cases, online discounts will be available
which makes customers to buy products online.
19. Rivalry with in Industry:
Competition is very high in this industry with so many
players like Flipkart, Myntra, Jabong, Snapdeal,
Amazon, Indiaplaza, Homeshop18 etc.
20. Environmental Analysis
Demographic trends: When it comes to online retail
industry, for people to shop online, they need to have
internet. India is third largest country when it comes to
internet usage after U.S and China. Presently, above
200 million people are using internet. Out of this, 110
million people access internet through mobiles. In
India, 8-10% of online users transact online. So, it
means it comes to 20 million people. And also, with
smart phones, tablets coming into picture, number of
people who are going to use internet is going to be
increased. This means, increase in the online retail
usage in India.
21. Socio-cultural Influences:
• Culturally, Indians tend to buy the products in physical stores. They
want to touch, feel the product before buying.
• If the risk associated with product is very high, like in purchase of
Television, Laptop, Washing Machine etc., they tend to go to physical
store.
• Indians will mostly influenced by peers, friends while purchasing the
products. So, these factors are negatively affecting online retail
industry.
• But slowly, culture of buying is changing. They are going for online
purchases but this rate is less when compared to offline purchase. But
with 30 day replacement guarantee, if the product is not functioning
properly, by E-commerce companies, and with the availability of peer’s
or friend’s feedback about products online, they are slowly moving from
offline to online purchases.
23. Technological Factors:
With the advancement of technology at a rapid pace,
online retail industry is going to benefit a lot.
Several technological devices like smart phones, laptops,
tablets etc. are going to help this online retail Industry
because with the penetration of these devices, Indian
consumers are going to purchase their products online.
Even Smart phone market is growing at a very rapid rate
in India.
Since companies can gather the data about their
customers when they are doing business with them, they
can use these data to personalize the services by using
predictive analytics
24. Competition
The competitors for Flipkart are not only the online
portals but also the offline marketers like Reliance
fresh , big bazaar , etc.
Flipkart is an attacker brand who has adopted flanker
attack strategy to fight against competition from leader
brands like amazon.
25. Actions recommended for
Flipkart:
Since online retail is going to boom in the coming years, it is necessary for this industry to have
logistics support. So, since Flipkart is already having its own logistics arm E-kart, it can provide
this logistics service to its competitors in online retail industry.
In this type of industry, price matters a lot to customers. If same product is offered by two e-tailers
at two different prices, customers will go for the lowest price. So, Flipkart should try to
offer the products at lower prices. This can be done by optimizing its logistics services. Since
logistics cost plays an important role in determining the price of the product. Filpkart should try
to optimize its supply chain in such a manner that its supply chain costs should be very less and
try to offer products at lower price compared to its competitors.
Predictive analytics are going to play a big role in the future.. So, Flipkart can use data about its
customers like what are they buying, what are their buying patterns and can target them by using
predictive analytics. For example, Amazon uses customer’s purchase history and suggests
products according to it.
Flipkart can also employ relationship marketing into it. Instead of mainly focusing on customer
acquisition, it should also focus on customer retention. Because loyal customers are more
profitable when compared to new customers.
Editor's Notes
By seeing the mission and values of the organization, we can infer that they are in sync with each other. For example, its mission statement reads out that it wants to provide customers with online memorable experience and one of its values is customer obsession. So, until and unless you are concerned about your customers or obsessed with your customers, you can’t provide delightful experience.
Strentghs – Marketplace model where sellers need to register in this platform and buyers can negotiate with the sellers on varied service levels and it also helps company to reduce its own inventory. Flipkart will just deliver those products.
Weakness – 1) Most of the money have been invested by Venture firms like Tiger global and Accel Partners. So, most of the decisions that are taken by founders of firm have to be approved by Investors.
2) They are recruiting hires which is creating problems in this company.
Opportunity – If Flipkart offers its logistics services to its competitors, it can gain money from those transactions. As online commerce sector going to boom in the coming years, online transactions are going to increase.
According to a recent TechnoPak Report.
For example, if you take computers category, there are many suppliers like Dell, Apple, Lenovo, and Toshiba who wants to sell their products through these online retail companies. So, they won’t be having power to control the online retail companies. Online customers can select the products on their own and the switching costs in this case is zero. It is very difficult for manufacturers of finished products to come into this industry because of challenges in Logistics. Online retail industry is important to suppliers because it acts as one of the channel to sell the products. Now, with most of the customers in India purchasing online through online retail companies, they can’t afford to lose this channel. So, they can’t dictate terms with online retail companies. So, in this industry the supplier power is low.