What is a wholesale?
Retail outlets like Wal-Mart and Costco have become a big part of the US retail supply chain, but they are not the only ones.
Wholesale jewellery and home decor are two areas that are often overlooked in the retail supply chains, even though they make up a large part of what you buy at the end of the day.
A major concern for retailers is that customers are being deceived by sellers who claim to have their items at a wholesale price, even when they are far more expensive than the advertised retail price.
A new report by the research firm IHS Markit highlights the importance of ensuring that your orders are safe and secure.
IHS reports that retail supply Chain Security measures are needed to ensure that orders are accurate, timely and are in good condition.
The report states that: ‘The supply chain security measures we recommend are based on a range of measures that we assess as necessary to protect the integrity of the supply chain.
We have also established the industry standard for quality assurance of our supply chain products.’
What do I need to know?
If you are buying a customised item, you should check the label to ensure the price is correct.
You may also need to ensure your purchase is eligible for discount codes.
The US Federal Trade Commission has set a target of $1,000 per order, but this is a guideline and the final number will vary from retailer to retailer.
The consumer protection agency says that retailers are required to monitor the quality of their products to ensure they are safe for the consumer and that they are being delivered in a timely manner.
You can find out more about consumer protection in this guide.
Whichever method you choose, you need to pay attention to the product you are purchasing.
IH Markit warns: ‘If a customer purchases a product from a retailer that does not provide the information it is expected to provide, it is a potential violation of federal law.’
Wholesaler prices are usually set to reflect the retail price, but some products can be sold for significantly less than the retail prices.
IHT Markit says that these types of pricing ‘have the potential to deceive consumers, and should be used only as a last resort’.
What to look for When buying a wholesale item, make sure that the items are genuine and that the seller has a valid business license.
If you see a price tag on the packaging that is higher than the actual retail price (e.g. $50,000) it may be a good sign that you need a full refund.
If the seller claims to have your item at a higher price, you may want to consider asking to see the product for verification before you buy.
Whales also sell products for resale on eBay, but there is usually a small risk that the buyer may not be able to identify the item.
Whores who do not provide accurate prices are likely to be selling cheaper than the genuine price, so it is best to verify the price before purchasing.
If a seller claims that they can deliver your item to your house for free, but it does not come with a guarantee, then you should consider asking the seller for a full price refund.
Whole items should always be packed in a sturdy box, with the lid secured securely.
You should also ensure that the item is in a secure location and does not have any holes, cracks or tears in it.