Report: Nordstrom buys stake in supply chain software firm
Nordstrom has taken another step to reduce complexity in its supply chain and improve its shipping of online orders.
The retailer has bought a minority stake in DS Co., a software company that links inventory management between retailers and suppliers, the Wall Street Journal reported. The company, based in Utah, offers a cloud-based service, called Dsco, which makes it easier for suppliers to directly ship orders placed through their retail partners.
The investment will be used to expand the software company’s technology team and develop more data analysis capabilities, according to the report.
“Dsco is helping to improve [customers’] online experience by reducing complexity in our supply chain,” Ken Worzel, executive VP of strategy and development at Nordstrom, said in the report.
He added the retailer plans to make more investments in companies like Dsco.