Eqos Ltd., a provider of on-demand global sourcing, product lifecycle management and supplier management solutions for the retail vertical, says that Tesco is using its sourcing solution.
The U.K.-based retailer built its business in the grocery industry, but more recently has diversified into a wide range of non-food categories, including clothing, consumer electronics and household goods. As the world's third-largest retailer, Tesco commands more than 30 percent of the U.K. grocery business and is expanding its store operations around the globe.
"We are pleased to announce that we have completed the roll-out of Eqos sourcing for the U.K.-based hardlines business and are now progressing with the apparel categories and other geographies," says Harm van Weezel, Tesco's commercial IT director. "Eqos is facilitating the on-boarding of new suppliers and improving collaboration among our sourcing offices and their suppliers. As a result, we have implemented better business practices and reduced the administrative load of managing our supplier community. In the end, we are better able to respond to customers and to the evolving demands of our rapidly growing network of retail operations and stores."
Eqos provides Tesco with full business process support for private label and branded merchandise from product design, through supplier negotiations, and contract. By providing critical path management and a single data repository, the solution is enabling standardized processes across all Tesco sourcing hubs, in 14 countries.
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