What Are the Pros and Cons of Buying from Temu?
Like all other e-commerce platforms, Temu also boasts advantages and some drawbacks. We will discuss these factors about Temu in the below section.
Pros:
1) Temu Offers Products That Fit Your Actual Needs and Budget
As you know, Temu follows a unique business model called NGM. With this, the platform provides a more streamlined, reliable, and transparent manufacturing and delivery process, enabling it to undercut rivals on price.
Temu’s NGM approach can reduce expenses by around 50% compared to traditional production and distribution strategies.
2) Temu Knows Customer’s Needs Accurately
Manufacturers and retailers can benefit from Temu since the company freely shares useful knowledge about customer preferences and buying patterns with them.
As a result, no more money has to be spent on market research and customer surveys.
3) Precise Demand Forecasting
Temu helps businesses reduce inefficient manufacturing, unnecessary raw material procurement, and turnaround time for customized goods by giving insights into customer preferences and behaviors to aid production planning.
4) Stock Availability
Better sales forecasting reduces inventory risk, which in turn frees up cash by cutting down on wasteful manufacturing and storage.
On the other hand, customers buying at Temu don’t have to wait for the stock to get ready. Many times, the stock is available for dispatch at Temu.
5) Save Money on Advertising
When supply and demand are balanced, companies may save money on advertising. As a result, advertising budgets might be cut by a whopping 20%.
As a result, sellers can offer huge discounts to Temu users.
6) Better and Faster Logistics
Using Temu’s NGM system, goods may be delivered directly from assembly lines to sorting facilities and…
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