POD stands for “Product on Demand” and refers to a business model where products are manufactured only after an order is placed. This model is also known as “on-demand manufacturing” or “print on demand.”
In this model, a company does not keep inventory of products, instead, it only produces the products as per the order it receives. This eliminates the need for large upfront investment in inventory, and allows for more flexibility in terms of product offerings.
This business model is often used in the fashion and apparel industry, but it can also be applied to a wide range of products such as home decor, accessories, and more. POD companies typically use digital printing technology to print designs on products like t-shirts, hoodies, and mugs, which allows for a high degree of customization and personalization.
One example of a company that uses POD is Teespring, which is an e-commerce platform that allows anyone to create and sell custom apparel without any upfront investment in inventory.
In summary, POD is a way of doing business where a company only produces the product when an order is placed, as opposed to having an inventory of products. This enables companies to have more flexibility in product offerings, less upfront investment in inventory, and more cost-efficient.