Executive Briefings

VP Quote: TradeStone Has Enhanced Accuracy, Communication and Visibility

Challenge: A southern-based retailer/wholesaler was operating four distinct divisions (auto, industrial, office products and electronics). Each division was sourcing independently and most private brands buying was done through agents, which led to higher costs, quality check issues and limited visibility. Quote requests were also being stored in various formats, (spreadsheets, emails, etc) making tracking and organizing a cumbersome issue.

Solution: The retailer/wholesaler set out to centralize data and move to a common system to manage both the process and data. They selected TradeStone's Merchandise Lifecycle Management (MLM) solutions to give them one version of the truth through a single Web-based repository for sourcing, ordering, supplier and logistics information based on role.

Results: Since implementing MLM, the retailer/wholesaler has had a 10-20% margin improvement thanks to direct communication with offshore vendors, saved time through an automated Purchase Order process, minimized stock shortages through greater production monitoring, and been able to manage by exception and reduce manual input.

About the Solution Provider: TradeStone Software helps retailers, brand manufacturers, and their suppliers turn inspiration into great merchandise. TradeStone provides the technology platform to connect people as they design, source, and deliver merchandise.  We call this Merchandise Lifecycle Management.

Web: www.tradestonesoftware.com

Email: info@tradestonesoftware.com

Phone: 978-281-3723

Solution: The retailer/wholesaler set out to centralize data and move to a common system to manage both the process and data. They selected TradeStone's Merchandise Lifecycle Management (MLM) solutions to give them one version of the truth through a single Web-based repository for sourcing, ordering, supplier and logistics information based on role.

Results: Since implementing MLM, the retailer/wholesaler has had a 10-20% margin improvement thanks to direct communication with offshore vendors, saved time through an automated Purchase Order process, minimized stock shortages through greater production monitoring, and been able to manage by exception and reduce manual input.

About the Solution Provider: TradeStone Software helps retailers, brand manufacturers, and their suppliers turn inspiration into great merchandise. TradeStone provides the technology platform to connect people as they design, source, and deliver merchandise.  We call this Merchandise Lifecycle Management.

Web: www.tradestonesoftware.com

Email: info@tradestonesoftware.com

Phone: 978-281-3723