LEHI, UT--(Marketwired - Jul 11, 2016) - Dsco (formerly DropShip Commerce) announced an expanded partnership and strategic investment from Nordstrom to support the company's continued growth. The investment follows a successful partnership in which Nordstrom deployed Dsco to help manage its distributed inventory, order fulfillment, and drop shipments for Nordstrom.com.
Dsco is transitioning Nordstrom's drop ship supply chain into the Dsco supply network, which delivers more economical, efficient, and valuable interactions between suppliers and retailers. Currently, retailer and supplier inventory is often inaccurate, which can lead to product shortages and delayed delivery times.
"The retail supply chain is one of those big, cumbersome problems that nobody has had the patience or drive to fix, but the status quo also takes tremendous manpower and a financial toll on retailers and, especially, suppliers," said Jeremy Hanks, Founder and CEO of Dsco. "Nordstrom is aware of this dynamic and, like us, has realized that supply chains must evolve for retail to stay on top. Its partnership and investment in Dsco validate what we're about."
Unlike software solutions that manage inventory visibility and order exchange integrations with supplier brands, Dsco does not build innumerable, individual bridges between supplier brands and retailer data. Dsco acts as a standard for any data interchange, empowering both suppliers and retailers with the ability to choose how they want to communicate such that neither party loses control over its data or transport technology. In addition to standardized reporting, alerts and analytics, Nordstrom suppliers will be able to integrate and share data to improve inventory management.
"When customers shop online with us they should feel confident knowing what they ordered is available and will ship in a timely manner," said Teri Bariquit, executive vice president, Nordstrom Merchandising Group. "We're impressed by Dsco's innovative approach to improve the online experience and as the Dsco network grows we'll be able to further reduce complexity with our brand partners across our supply chain."
To learn more about Dsco's platform and mission, visit http://www.dsco.io
Headquartered in Lehi, Utah, Dsco is an integration platform that creates networked supply chains -- simplifying and standardizing the way retailers and suppliers connect and exchange inventory, order, and catalog data. As they pursue strategies such as drop shipping to address the problem of inventory distortion Dsco handles the exchange of information through a single touch point. This helps trading partners build better partnerships, streamline operations, generate more sales, and fulfill more orders. For more information, please visit http://www.dsco.io.
Nordstrom, Inc. is a leading fashion specialty retailer based in the U.S. Founded in 1901 as a shoe store in Seattle, today Nordstrom operates 326 stores in 39 states, including 121 full-line stores in the United States, Canada and Puerto Rico; 200 Nordstrom Rack stores; two Jeffrey boutiques; and one clearance store. Additionally, customers are served online through Nordstrom.com, Nordstromrack.com and HauteLook. The company also owns Trunk Club, a personalized clothing service serving customers online at TrunkClub.com and its five clubhouses. Nordstrom, Inc.'s common stock is publicly traded on the NYSE under the symbol JWN.