Frost & Sullivan recently analyzed the warehouse management systems industry and, based on its findings, recognizes Deposco with the 2024 Global New Product Innovation Award. The company uniquely focuses on mid-sized enterprises (MSEs) with revenues between $50 million and $1 billion. This focus can also support the exponential growth and needs of small businesses and the smaller divisions and subsidiaries of large enterprises, which are similar to the MSEs Deposco already serves. Deposco’s Bright Suite platform is designed to simplify the supply chain, deploy faster, and deliver a platform for growth.
Deposco’s Bright Suite fulfillment applications have been designed from the ground up to serve the 3PL, Retail, eCommerce, and omnichannel industries in addition to direct-to-consumer brands. Deposco is positioning itself as a growth guide for companies looking to scale rapidly, as its Bright Suite Fulfillment solution can scale from 500 orders per day to over 300,000. The solution suite enables:
- Demand and supply planning
- Sourcing and fulfillment
- Warehouse and inventory management (WMS)
- Order management (OMS) and distributed order management (DOM)
- Store inventory management and fulfillment
- Software integrations and analytics
- Customer portal and performance reports
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Deposco’s reliability and quality has generated a strong customer ecosystem—supporting over $12 billion in annual sales for its customers, over 76 million consumer orders. Deposco’s Store Inventory Fulfilment solution remedies the negative impact of stock-outs, delays, lost sales, and additional costs for businesses with fragmented systems that lack real-time inventory visibility. The solution enables stores to experience fast implementations, increases shipping orders, and has reduced order processing time from 2 to 5 days to hours. Deposco‘s solutions help customers in the fulfillment industry address new challenges early and often with less risk and faster value, differentiating it in the market.
“Deposco successfully focuses on the mid-market and targets companies with the need for accelerated growth, giving them the ability to establish their identity within this high-growth and fiercely competitive marketplace. The company’s ability to innovate products that solve challenges in this market positions it as the preferred customer growth partner,” added Krishna. With its strong overall performance, Deposco earns Frost & Sullivan’s 2024 Global New Product Innovation Award in the warehouse management systems industry.
Each year, Frost & Sullivan presents this award to the company that has developed an innovative element in a product by leveraging leading-edge technologies. The award recognizes the value-added features/benefits of the product and the increased return on investment (ROI) it gives customers, which, in turn, raises customer acquisition and overall market penetration potential.
SOURCE: PRNewswire