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Eqos has made commercially available a new application to help retailers quickly scale their private label business. Known as FastTrack, the product was designed to improve visibility, reduce the risk of non-compliance and decrease product lead times. FastTrack unites and streamlines retail-sourcing operations across buying teams, including local and global agents and suppliers. Deployable within 30 days, the Web-hosted system supports private-label operations for all retailers, including cross-category, apparel, grocery and general merchandise. FastTrack was designed to meet the needs of mid-tier retailers and divisions within large retailers, the vendor said. It prescribes best industry practices to support a number of private-label sourcing functions, including design and specification, request for quotations, order visibility, logistics visibility and dashboards and alerting. According to Eqos, FastTrack can help companies to reduce supply-chain inventory, improve market responsiveness, increase import volume with standardized processes, reduce the risk of poor-quality merchandise and allow for the management by exception of buying decisions. Eqos is a provider of product lifecycle management (PLM), global sourcing and supplier-management software for the retail supply chain.
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