VendorNet Achieves Industry Milestone Exceeding 26,000 Suppliers In Its Dropship Network

Supply chain provider enables speed-to-market for retailers and suppliers

VendorNet Inc., a wholly owned subsidiary of GSI Commerce, an eBay, Inc. company recently announced its dropship supplier count now exceeds 26,000 suppliers processing dropship orders for VendorNet’s retail clients.

VendorNet, a provider of omnichannel fulfillment and supply chain technology, pioneered dropship automation technology in 2002 with the launch of its flagship product, VendorNet Dropship Manager. Today, the company processes tens of millions of dropship transactions annually, exceeding 500,000 transactions in a single day.  The company’s dropship technology enables existing and new retail clients to significantly decrease ‘go-to-market’ and revenue recognition time by leveraging its extensive network of VendorNet-experienced dropship suppliers.

VendorNet’s supplier milestone is reinforced by endorsements from retailers including an award from Musician’s Friend crediting VendorNet with helping it achieve a 53 percent reduction in purchase order errors and a 93 percent initial line item fill rate metric by bringing more than 750 suppliers live with Dropship Manager in a compacted time period. 

Suppliers also give high grades, citing ease of use, compatibility with existing IT infrastructures and superior service as primary attributes. Supplier feedback such as, “We cut our order processing time in half; we wish all of our retail clients used VendorNet, and your service is the best I’ve experienced,” are common themes among VendorNet-enabled suppliers.

“We have seen rapid adoption and acceptance within our retail client’s dropship supplier networks as evidenced by the sheer number of suppliers that are VendorNet enabled,” said Sharon Gardner, co-founder and general manager of VendorNet. “Suppliers are not only using our software to automate order processing, but also as an order management and compliance tool. It’s been a win for retailers and suppliers alike.”

Additionally, retailers can access a detailed view of VendorNet’s extensive dropship network of suppliers through SKU Space, VendorNet’s product catalog management solution. This interactive portal keeps supplier product data centralized enabling retailers to systematically source new products and browse tens of thousands of items and thousands of potential suppliers to generate new business opportunities.

About VendorNet
VendorNet delivers web-based omnichannel retailing and supply chain solutions that enable intelligent cross-channel commerce by integrating and routing orders from all sales channels to the best-source fulfillment location including warehouses, suppliers, and brick and mortar stores. These solutions optimize inventory usage and visibility, decrease order delivery time and expense, improve customer loyalty and satisfaction, and increase sales. More than 200 retailers and over 26,000 suppliers, warehouses, and stores are leveraging VendorNet solutions. Retail clients include Nine West, Neiman Marcus, DSW, Toys“R”Us, Orvis, Guess, National Geographic, Dicks Sporting Goods, Saks Fifth Avenue, Juicy Couture, and Guitar Center. VendorNet is a wholly-owned subsidiary of GSI Commerce. For more information, visit www.vendornet.com.

About GSI Commerce
GSI Commerce enables omnichannel commerce, multichannel retailing and digital marketing for global enterprises in the U.S. and internationally. GSI’s ecommerce services, which include technology, order management, payment processing, fulfillment and customer care, are available on a modular basis or as part of an integrated solution. GSI’s marketing services are comprised of innovative digital marketing products and services which include database management and segmentation, marketing distribution channels, a global digital agency to drive strategic and creative direction and an advanced advertising analytics and attribution management platform. GSI is headquartered in King of Prussia, Pa. and has major service offices in New York, Los Angeles, Barcelona, Spain, London, UK and Beijing, China. For more information, visit gsicommerce.com.