CommerceHub + Dsco: Creating the New Digital Supply Chain

Let’s face it, no retailer’s marketplace will be able to compete with Amazon (or Walmart) when it comes to general assortment size. It’s also very difficult to compete in terms of shipping costs, membership perks, and delivery speed. So what other value prop can retailers who are considering opening a marketplace offer their consumers?

Retail Leaders Share Tips on Navigating Peak Carrier Challenges

Let’s face it, no retailer’s marketplace will be able to compete with Amazon (or Walmart) when it comes to general assortment size. It’s also very difficult to compete in terms of shipping costs, membership perks, and delivery speed. So what other value prop can retailers who are considering opening a marketplace offer their consumers?

Do You Know What to Look for in a Retail Drop Shipping Partner?

Finding the right retail partners to drop ship with will lay a solid foundation for the growth of your operation. Some of the ROIs you might reap include lower cancellation and return rates, lower oversell risk, lower data exchange overhead, higher volume with reasonable predictability, more inventory turns, quicker times to shipment, less tax liability, the ability to bring products to market faster, lower production and logistics costs, and hopefully, increased sales and marketshare.

The History of Drop Shipping: What Railroads Can Teach Us About Supply Chain Data

A historic handshake happened on May 10, 1869 when the Union and Central Pacific Railroads joined their rails at Promontory Summit, Utah with a “Golden Spike.” My distant relative, Samuel Montague (he’s the one shaking hands, left of center in the picture above), was the chief engineer of Central Pacific, and oversaw the construction of railroad through mountains and desert, all in order to meet the Union Pacific company halfway across the continent. This event ushered in a new frontier for the American economy, all because of a compromise and willingness to share the same track gauge standards.

How to Drop Ship Successfully Part 9: Managing Returns

Shoppers want to understand what they are considering to purchase. Having proper photographs and informative product descriptions that are as detailed as possible will greatly reduce the number of returns. I addressed this in “How to Manage Product Catalog Data” — the key is to use a heavy curation and standardization process. It’s critical that retailers and suppliers work together to get the best, most complete, and accurate virtual representation of these physical products as possible.

How to Drop Ship Successfully Part 8: Managing Fulfillment

Managing Inventory Visibility tells you where the item is, how many there are, and what it costs you as the reseller. Orders are where everything comes together, when a consumer has purchased a product that a retailer was selling virtually. The retailer must send that order and fulfillment information to the supplier, who will ship to the consumer.

How to Drop Ship Successfully Part 7: How to Manage Orders

For retailers, being able to offer products for sale that they do not have to purchase or physically handle can seem like nirvana. For suppliers, having their products less limited by resellers as they put it in front of consumers is as close to utopia as it gets.

How to Drop Ship Successfully Part 6: How to Manage Inventory Visibility

Once you have a virtual product assortment determined — remember, curation is the key — from some number of suppliers, inventory visibility is where drop shipping success will be made or broken. You can’t have many instances where you sell something to a consumer that doesn’t exist and can’t be fulfilled by your supply partners before you have big problems.

How to Drop Ship Successfully Part 5: How to Manage Product Catalog Data

Drop shipping requires that the seller-retailer use data to have a virtual representation of a physical thing that they will not see or control. Therefore, almost all retailers that embrace drop-shipped products start with one of the fundamental pieces of data: the product catalog. This is logical and necessary, as you can’t sell product without it. But it is also the step that is the most challenging and must be handled differently than the other two pieces: inventory updates and order exchange.

How to Drop Ship Successfully Part 3: Suppliers vs. Retailers

In short, the world is continuing to align to the consumer, and that is driving new integrated partnerships, omnichannel experiences such as BOPIS and SFS, and better technologies for seeing and selling all the inventory in a retailer’s ecosystem, whenever and wherever the consumer needs it.