Sachin Sharma, KIBO’s Chief Product Officer, discusses the strategic importance and practical applications of KIBO’s new dropshipping and marketplace services. He emphasizes how these offerings are not merely new features but fundamental extensions of business models, designed to help retailers expand their product assortments and drive revenue.

The conversation delves into the distinction between dropshipping and marketplace models. Dropshipping involves KIBO’s clients listing third-party products on their websites, controlling pricing and promotions, with the trading partner fulfilling the order. Conversely, the marketplace model transforms a retailer's storefront into a platform for third-party sellers, who dictate their own product pricing and promotions, with the retailer earning a commission on sales.

Show Highlights:

• Explanation of dropshipping versus marketplace business models and how KIBO’s new services cater to each.

• The strategic advantage of KIBO’s unified, microservices-based platform in enabling rapid development and seamless integration of new capabilities.

• How KIBO’s dropshipping and marketplace solutions address the pain points of legacy EDI systems, reducing costs and accelerating vendor onboarding.

• The importance of direct OMS integration for dropshipping, streamlining order fulfillment and enhancing customer experience.

• KIBO’s client-centric product development philosophy, emphasizing continuous innovation based on customer feedback.

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To learn more about KIBO visit our site https://kibocommerce.com/ and follow us on LinkedIN: https://www.linkedin.com/company/kibocommerce