Kurt Salmon and VendorNet® Form Strategic Alliance Enabling Rapid Execution of the Cross-Channel Business Model

Boynton Beach, FL, March 10, 2011

VendorNet Inc., a provider of cross-channel fulfillment technology, today announced it has formed a strategic alliance with global management consulting firm, Kurt Salmon, to provide multi-channel retailers with collaborative consulting services and technology solutions. The alliance will assist retailers in transforming their traditional siloed business infrastructure into an integrated cross-channel sales and fulfillment business model to meet the increasing demands of multi-channel shoppers.

“To succeed in today’s competitive retail landscape, retailers must evolve their channel-specific organizational business processes and structure, and disparate technology systems to present one face to the customer,” stated John Seidl, partner at Kurt Salmon. “This can only be accomplished with a cohesive alignment of the business infrastructure and intelligent channel integration technology. Our alliance with VendorNet sets both in motion. Together, we offer retailers a strategic focal point for consulting services to address the organizational issues and the cross-channel technology needed to support this new business strategy.”

VendorNet and Kurt Salmon’s “Multi-Channel Assessment” program systematically transforms the traditional multi-channel business model by tailoring field-proven best practices and cross-channel technology to a retailer’s unique requirements. Kurt Salmon streamlines the process and structural transitions that a retailer must overcome through the identification and resolution of organizational challenges associated with integrating brick and mortar and online business units. Additionally, VendorNet’s component-based, plug and play technology allows retailers to deploy system modules individually or combined, as needed by their existing systems infrastructure. Major modules include:

• SKU Trak™ - Enterprise inventory tracking
• Order Broker™ - Distributed order management
• StoreNet® - In-store order management and support for Ship-from Store, In-store Pickup, and Site-to Store orders

“A paradigm shift is occurring in the industry from siloed multi-channel retailing to omni-channel retailing, which the industry defines as the seamless integration of all possible sales and fulfillment channels, present and future, to enhance the customer experience in a profitable way,” commented Sharon Gardner, president at VendorNet. “Retailers need to transform now to keep their customers loyal and perpetuate profitability. Our alliance with Kurt Salmon fast tracks this omni-channel opportunity for retailers by leveraging our combined expertise to consultively assess a retailer’s business environment, and optimize and integrate their assets including their existing infrastructure, inventory, and personnel for higher profitability and a seamless consumer experience.”

VendorNet and Kurt Salmon’s joint whitepaper titled, “Omni-Channel Retailing, The Next Generation of Multi-Channel” provides essential information on the new omni-channel paradigm. The whitepaper is available for download here.

“We believe our alliance with VendorNet offers retailers a compelling opportunity to leverage our shared expertise and co-developed industry best practices and solutions that address both business processes and technology. With consumers clearly demanding cross-channel integration, speed to execute is essential; that is exactly what Kurt Salmon and VendorNet can help retailers achieve,” emphasized Seidl.

About VendorNet

VendorNet www.vendornet.com, a wholly owned subsidiary of GSI Commerce Inc., (Nasdaq: GSIC), delivers web-based omni-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 120 retailers and over17,000 suppliers, warehouses, and stores are leveraging VendorNet solutions. Retail clients include Nine West, CompUSA, Neiman Marcus, David’s Bridal, Lands’ End, Orvis, National Geographic, Rue La La, Saks Fifth Avenue, Liz Claiborne, Brookstone, and Guitar Center.

 

Contact:

VendorNet, Boynton Beach, FL
Louisa Rupp
954-767-8228
lrupp@vendornet.com