INDIANAPOLIS – According to a recent survey conducted by enVista, a global software and consulting services firm, optimizing and transforming physical and digital commerce, many retailers are focused on increasing and/or piloting dropship programs in the next year.
According to enVista’s 2020 Customer Engagement Survey (premiering at NRF), 32% of retailers plan to increase dropship offerings and another 18% plan to pilot a dropship program this year. Competing against Amazon and other retailers with extensive product offerings is driving more retailers to offer dropship services from their trading partners. The end result is broader product offerings, increased customer satisfaction and revenues and reduced inventory carrying and shipping costs.
Dropship programs allow retailers to quickly launch or test new products to expand item catalogues, which results in increased revenues. The enVista Dropship solution drives faster response times to vendors and improves speed to market, onboarding vendors in weeks, not months. Both retailers and manufacturers enjoy the benefits from dropship programs, as it expands product portfolios and improves conversion rates.
enVista CEO Jim Barnes said, “Dropship is a very compelling proposition and many retailers are realizing significant benefits from the service. With relatively low costs and risks to initiate a dropship program and implementation times that average 60-90 days, there is a fast return on investment (ROI). Dropship is one of the highest growth areas of our business and our research supports the trend we are seeing in the industry.”
Join Jim Barnes’ Big Ideas session at NRF 2020 on January 13, 2020 to learn more about how a dropship program can boost sales and improve profit:
Strategically Leveraging Dropship to Expand Inventory and Increase Revenue
Monday, January 13, 2020 | 1:30 – 2:00 p.m. | Stage 1, Expo Hall, Level 1
About enVista Dropship
enVista’s Dropship is a SaaS, cloud-based solution that is an integrated component of enVista’s Unified Commerce Platform. The seamless integration between Dropship and EDI simplifies the on-boarding of trading partners. Since the EDI/managed file transfer (data orchestration) is native to the enVista platform, there is no need for a third-party service – reducing cost, points of failure and complexity. enVista Dropship can support thousands of vendors and order volumes of tens of thousands per day and the average implementation time is 60-90 days.