The Beijing-based e-retailer, which mainly sells to online shoppers in Europe and North America, says it developed the e-commerce software in-house eight years ago.
China-based online merchant LightInTheBox Holding Co. Ltd. is the latest company to start selling the e-commerce technology it developed in house to other merchants.
The retailer, No. 264 in the Internet Retailer 2016 Top 500 Guide, said earlier this month it will sell to other merchants its cloud-based enterprise resource planning business management software. Cloud-based means merchants that purchase the service from LightInTheBox don’t have to implement and run the software in-house because it is hosted and accessed via the web.
LightInTheBox has used the system over the past eight years and the software has gone through multiple iterations, the retailer says. The ERP system is designed for online and offline distribution companies, including retail and wholesale businesses, and it handles order, procurement, product category, supplier and inventory management. It is designed for small and large distribution companies that handle millions of orders per year and manage thousands of suppliers. Built using open-source software, the ERP system can be deployed on several major cloud platforms, including Amazon.com Inc.’s Amazon Web Services (AWS).
LightInTheBox launched the Chinese version of the software last week and deployed it through AWS’s China data center. The company expects to launch an English language version for international users later this year.
LightInTheBox is offering a free version for small to medium-sized businesses and a more robust private version for a fee for larger enterprise users that require more security and data privacy, the retailer says.
“Our ERP system has gone through multiple iterations and rigorous testing over the past eight years and is very suitable for both online and offline distribution companies,” says Alan Guo, CEO of LightInTheBox. “It is easy to understand and use, and with a cloud-based SaaS model, we will offer it for free to SMEs to demonstrate how innovative and disruptive our ERP solution is to the distribution industry. With an initial focus on the Chinese market, where many SME distribution companies have never used ERP software in the past due to cost and their complexity, we will soon launch an international version to reach customers across the globe.”
For Full Story, Please click here.