Press release from Business Wire
VendorNet Launches SKU Space™ Product Catalog Management Technology
<p> <i>eBay Enterprise adds virtual solution to drive new dropship business relationships and increase consumer satisfaction</i> </p>
Tuesday, July 30, 2013
VendorNet Launches SKU Space™ Product Catalog Management Technology08:00 EDT Tuesday, July 30, 2013
BOYNTON BEACH, Fla. (Business Wire) -- VendorNet® Inc., an eBay Enterprise company, and leading provider of omnichannel fulfillment and supply chain management technologies, today announced the launch of SKU Space™, a virtual product catalog management solution. SKU Space synchronizes and automates the exchange of product data between retailers and dropship vendors to create a virtual marketplace to drive new business relationships and increase customer satisfaction with speed to market for new products.
A multi-tenant, cloud-based solution, SKU Space automates the upload, exchange, and maintenance of product information and rich data for any product SKU. Through its browser-based web portal, or system-to-system integration, SKU Space exposes data-rich product catalogs and eliminates time-consuming and error-prone manual processes that lead to revenue impacting out-of-sync data.
With robust product categories and item level attributes, SKU Space makes it fast and simple for retailers and vendors to fine-tune their product mix and expand their marketplace. Plus, SKU Space is not limited to VendorNet's existing retail dropship network and client base; any vendor or retailer can leverage the solution to generate new business opportunities.
“With SKU Space, our revenue recognition time decreased by 50 percent. Our retail partners now have accurate product data and inventory levels, eliminating backorders, and increasing the time we can spend helping them sell rather than answering questions about products and inventory. We no longer have to wait weeks for new products to go live. We simply update SKU Space, notify our partners, and the products are online in less than 24 hours,” stated drop ship partner, Joshua Wickander, vice president, sales and marketing, Kendall Howard LLC, an IHG Affiliate.
“The launch of SKU Space by VendorNet, adds another extensible solution to the eBay Enterprise suite of modular commerce technologies,” said Tobias Hartmann, head of omnichannel operations at eBay Enterprise. “SKU Space solves a strategic data accuracy problem and synchronizes relationships between retailers and dropship vendors. Today's consumer wants fast access to detailed product information; SKU Space delivers that data for a great shopping experience while growing the business opportunity for our clients and vendor partners.”
VendorNet, an eBay Enterprise company, 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, Dick's Sporting Goods, Saks Fifth Avenue, Juicy Couture, and Guitar Center. VendorNet is a wholly owned subsidiary of eBay Enterprise. eBay Enterprise is an eBay Inc. (Nasdaq: EBAY) company.
About eBay Enterprise
eBay Enterprise provides commerce technologies, omnichannel operations and marketing solutions for the world's premier retailers and brands. eBay Enterprise's commerce services, which include technology, order management, payment processing, warehouse and store fulfillment and customer care, are available on a modular basis or as part of an integrated solution. eBay Enterprise's marketing solutions include a suite of performance marketing channels, customer relationship management, marketing analytics and attribution, media mix optimization as well as global digital agency services that provide strategic and creative direction. eBay Enterprise is headquartered in King of Prussia, Pa. and has major service offices in New York, Los Angeles, Barcelona, Spain, and London. More information can be found at ebayenterprise.com. eBay Enterprise is an eBay Inc. (Nasdaq: EBAY) company.
Kelly Henry, 610-491-7474
Director, Corporate Communications