Most eCommerce companies can't survive without dropshipping. They might not have the funds to carry the inventory or build fulfillment centers to support customers in every location. But dropshipping is not as easy as building the website, finding the vendors, and start collecting cash. Incorporating dropshipping processes as part of your operational and financial workflow is even more challenging. And if your ERP system doesn't have dropshipping processes built as part of the system, it might feel unnatural. And you might build ad-hoc processes to support them. Also, dropshipping could mean different things to different parties. If you are a dropshipping vendor fulfilling the dropshipping orders, your processes could differ from a manufacturer sending the order to their dropshipping vendor for specific SKUs. So what are the best practices for incorporating dropshipping business processes into your business model and selecting an ERP system designed to support these processes?
In today's episode, we invited a panel of cross-functional experts for a live interview on LinkedIn who brings significant expertise to discuss the pros and cons of dropshipping business processes and best practices. We covered many grounds, including how dropshipping works and the architectural nuances of enabling this business model. Finally, we discussed the challenges associated with cross-border dropshipping, fulfilment and logistics architecture, and why accounting shouldn’t be an afterthought for eCommerce businesses and dropshipping business models.
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