The best dropshipping software offers small and mid-sized multi-channel retailers an efficient, effective way to save warehouse space, reduce operational costs, and boost fulfillment.
As eCommerce continues to dominate the world of B2B and B2C retailing, new tools and methods, such as dropshipping, have emerged alongside it. Dropshipping helps multi-channel e-tailers, distributors, wholesalers, and manufacturers to sell and fulfill products through 3rd party vendors. Dropshipping allows a business to offer an extensive catalog of products and/or to offer slow moving and seasonal inventory year-round, while continuing to operate efficiently with limited warehouse space.
In 2018, Grandview Research reported that the global dropshipping market was valued at 102.2 billion and is expected to reach a CAGR of 28.8% by 2035. The popularity of dropshipping continues to correlate with the continued preference of online shopping and the rising trend of cross-border eCommerce trade. According to 3dcart, dropshipping is the fulfillment model for nearly 33% of online stores, manufacturers/suppliers. Those who participate in dropshipping are 18.33% more profitable, and e-tailers can potentially be 50% more profitable.
Needless to say, dropshipping is a cost-effective, efficient solution for small and mid-sized retailers with or without limited space. But to make it work, determining the best dropshipping software for your business is key.
Best Dropshipping Software: Acctivate
Acctivate is a powerful dropshipping solution for small and mid-sized e-tailers, wholesalers, distributors, and manufacturers wanting to sell a more extensive catalog of products and/or continue to sell slow-moving and seasonal inventory without overcrowding warehouse shelves. Placing fulfillment in the hands of 3rd party vendors improves fulfillment turn-around times, allowing a business to shift resources to the other areas of operations, and dramatically reduces overhead costs. Acctivate offers lot and serial number traceability, making inventory tracking a quick, easy process regardless if the product is on-location or fulfilled from a dropshipper.
Acctivate not only manages the dropshipping process, but offers dynamic, real-time inventory and business management, improves purchasing, and streamlines multi-channel order operations. Acctivate is outfitted with sophisticated business intelligence tools like inventory forecasting, sales and trend analysis, decision support tools, company insights, and acts an operational CRM. This level of data collection and processing makes it easy for any product-selling business to compete against and grow ahead of competitors.
The best dropshipping software is multi-faceted like Acctivate, providing a variety of features and tools geared to improving overall operations of business, not just fulfillment.
With the best dropshipping software:
- Employ dropshipping across multiple sales channels
- Expand inventory catalog
- Sell slow-moving and seasonal inventory year-round
- Boost fulfillment turn around times
- Reach more customers around the world
- Optimize limited warehouse space
- Track & trace products end-to-end of the supply chain
- Reduce overhead costs
Best Dropshipping Software: How it Works
Whether selling online or over-the-phone, any inventory line item can be set to dropship if needed. Inventory items set as “Dropship Only” will automatically kick off the process when the order is imported from a webstore or an individual line item of an order can be manually adjusted to dropship.
For online orders, Acctivate automatically syncs with the web store, pulling orders into Acctivate during set intervals. Online orders with dropship inventory items will be processed and treated the same as other inventory items, but Acctivate alerts the 3rd party vendor of the order so they can begin the fulfillment process.
Other sales channels’ processes differ only in that the order entry is manual and not automatic like a web store order. When the order is entered with “dropship only” or line items are manually adjusted, Acctivate alerts 3rd party vendors of the order, and fulfillment kicks off.
Regardless of where the inventory is being fulfilled, Acctivate monitors from the beginning to the end of the fulfillment process.
Best Dropshipping Software for QuickBooks
Acctivate’s bi-directional integration with QuickBooks is a dynamic solution for small and mid-sized multi-channel retailers seeking advanced inventory and business management tools, including dropshipping software, and seeking growth while maintaining financials within QuickBooks.
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Learn more about Acctivate & how it can improve operations across your entire business. Call us at 817-870-1311 or try Acctivate for free.