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TechValidate Research on Verical

These pages present data that TechValidate has sourced via direct research with verified customers and users of Verical. TechValidate stands behind the authenticity of all published data. Learn more »



445 Customers Surveyed

2,832 Data Points Collected

36 Published TechFacts

5 Published Case Studies



Selected Research Highlights


SELLER STATISTIC

80% of organizations agreed with the following statement:

“We’ve sold inventory on Verical.com we had previously been unable to sell before publishing it on Verical.”

80%

Verical Customer Testimonial

I purchased through Verical because…

Verical had what I needed at a good price when no one else could supply it.

Buyer, Medium Enterprise Electronics Company

Verical Case Study

Verical solves shortage issue for Fortune 500 Computer Hardware Company

Introduction

This case study of a fortune 500 computer hardware company is based on a September 2017 survey of Verical customers by TechValidate, a 3rd-party research service. The profiled company asked to have their name blinded to protect their confidentiality.

“Overall, the breadth of inventory, quantity of available-to-ship stock, and pricing on Verical are the best in the market.”

“I was able to find available-to-ship parts on Verical that I couldn’t locate anywhere else.”

Challenges

The business challenges that led the profiled company to evaluate and ultimately select Verical:

  • Before shopping on Verical, the company faced the following challenges:
    • In a shortage or line down situation
    • Unable to find the parts they needed
    • Unable to find the full quality of parts they needed
    • Facing high prices on other websites
    • Dealing with other websites that did not have inventory in their local region
    • Unable to satisfy their full demand from one vendor

Use Case

The key features and functionalities of Verical that the surveyed company uses:

  • Reasons company chose to buy from Verical:
    • Verical had exactly what they needed
    • Verical helped them solve a shortage issue
    • Verical found their pricing to be extremely competitive
    • Verical’s available inventory is superior to others
  • Company rated the following areas of doing business with Verical.com:
    • Searching for products: extremely easy
    • Chosing from multiple sellers: very easy
    • Receiving a quote: extremely easy
    • Checking out: extremely easy
    • Communicating with Verical: extremely easy

Results

The surveyed company achieved the following results with Verical:

  • Verical’s organizational results:
    • Save their company money
    • Deliver parts no other company could
    • Provide the quantity of parts they needed with a single order
    • Solve a line down or shortage issue

Verical Case Study

Integrated Silicon Solution sells inventory on Verical.com they had previously been unable to sell before publishing on Verical.

Introduction

This case study of Integrated Silicon Solution is based on an August 2017 survey of Verical customers by TechValidate, a 3rd-party research service.

“We’ve sold inventory on Verical.com we had previously been unable to sell before publishing it on Verical.”

“Verical, an Arrow company, is a known sourcing entity in the business. This adds to our other franchised distributors that publish parts for eCommerce sales.”

Challenges

The business challenges that led the profiled company to evaluate and ultimately select Verical:

  • Business challenges before listing on Verical.com:
    • Inability to increase sales velocity of slow moving inventory
    • An aged inventory that was slow or difficult to sell

Use Case

The key feature and functionality of Verical that the surveyed company uses:

  • Company ranks Verical as one of their top 20 sales channels.

Results

The surveyed company achieved the following results with Verical:

  • Benefits realized by listing on Verical.com:
    • Expanded their digital marketing footprint
    • Received additional marketing at no cost
    • Increased sales velocity for slow moving inventory
    • Increased revenues
  • E-commerce sales and revenue have increased by 26–50% or more since selling on Verical.com.
  • Company affirms that sales with Verical have exceeded their expectations.


More to Explore



About Verical

Established in 2007, Verical provides an online marketplace with the industry’s largest inventory of electronic components — over 800 of the world’s leading electronics manufacturers and their authorized channels publish their unsold inventories at competitive prices on Verical.com.

Verical Website   Verical Website