Retail chain operator aims to more efficiently source domestically and globally using TradeStone solution
Gloucester, MA July 1, 2005 Top retail chain Federated Department Stores is set to use a solution from TradeStone Software as part of an initiative to unify its buying process and source more efficiently both domestically and globally.
With corporate offices in Cincinnati and New York, Federated, is one of the nation's largest department store retailers, with fiscal 2004 sales of more than $15.6 billion. The company operates more than 450 stores, as well as macys.com and Bloomingdale's By Mail.
Federated will use TradeStone Software's Unified Buying Engine and TradeStone Suite to unify the international and domestic sourcing of its private label brands. The software will enable Federated to improve its collaborative processes from design through ordering and delivery, according to TradeStone.
Unifying the Buying Process
The solution provider is touting what it calls the Unified Buying Process, a strategic initiative to gain visibility deep into the supply chain by providing a single view of operations such as managing reporting and queries and alerting for exceptions. This process also is intended to enable critical path management, best practice modeling, workflow and collaboration.
Federated, along with other leading retailers such as American Eagle Outfitters and The Children's Place, are at the forefront in adopting TradeStone's solutions to achieve this process, the solution provider said.
"Our goal is to find new and innovative technologies that allow our designers and merchants to do what they do best, design and create exciting products," said Leonard Marcus, President of Macy's merchandising group (MMG). "We chose TradeStone in order for our merchants to efficiently communicate and collaborate with our overseas offices and suppliers around the world."
Sourcing Worldwide
Federated will use the software from TradeStone to build on its current global sourcing investment, increase collaboration between trading partners and improve visibility throughout the global supply chain.
"A major issue in retail is getting creative people like designers and buyers to adopt technology and to give up their dependence on spreadsheets, faxes and e-mails when sourcing goods world wide," said Sue Welch, CEO of TradeStone Software. "Sourcing should be easy no matter where a retailer buys its goods, whether it's across the street or across the globe."
Welch said that companies can gain vast efficiencies by not spending their time going to multiple systems and updating a myriad of spreadsheets to plan, cost, order and track product. "Federated is just one example of a company that recognizes that merchants should be freed up to focus on buying and developing products," she said.
Additional Articles of Interest
The focus in the retail sector has shifted from managing the movement of goods to managing information about goods. Read more in "Ramping Up the Retail Supply Chain," in the February/March 2005 issue of Supply & Demand Chain Executive.
For a look at how Tyco Fire & Security is tackling trade compliance issues in its global supply chain, see "Turning Global Trade Compliance Into a Competitive Advantage," in the August/September 2004 issue of Supply & Demand Chain Executive.
For more information on the challenges and opportunities presented by increasingly global supply chains, see the special in-depth report in the August/September 2004 issue of Supply & Demand Chain Executive, which includes the following articles:
For more information on the latest trends in the logistics space, see the article "The Analyst Corner: Fulfillment & Logistics" in the October/November 2004 issue of Supply & Demand Chain Executive.
Gloucester, MA July 1, 2005 Top retail chain Federated Department Stores is set to use a solution from TradeStone Software as part of an initiative to unify its buying process and source more efficiently both domestically and globally.
With corporate offices in Cincinnati and New York, Federated, is one of the nation's largest department store retailers, with fiscal 2004 sales of more than $15.6 billion. The company operates more than 450 stores, as well as macys.com and Bloomingdale's By Mail.
Federated will use TradeStone Software's Unified Buying Engine and TradeStone Suite to unify the international and domestic sourcing of its private label brands. The software will enable Federated to improve its collaborative processes from design through ordering and delivery, according to TradeStone.
Unifying the Buying Process
The solution provider is touting what it calls the Unified Buying Process, a strategic initiative to gain visibility deep into the supply chain by providing a single view of operations such as managing reporting and queries and alerting for exceptions. This process also is intended to enable critical path management, best practice modeling, workflow and collaboration.
Federated, along with other leading retailers such as American Eagle Outfitters and The Children's Place, are at the forefront in adopting TradeStone's solutions to achieve this process, the solution provider said.
"Our goal is to find new and innovative technologies that allow our designers and merchants to do what they do best, design and create exciting products," said Leonard Marcus, President of Macy's merchandising group (MMG). "We chose TradeStone in order for our merchants to efficiently communicate and collaborate with our overseas offices and suppliers around the world."
Sourcing Worldwide
Federated will use the software from TradeStone to build on its current global sourcing investment, increase collaboration between trading partners and improve visibility throughout the global supply chain.
"A major issue in retail is getting creative people like designers and buyers to adopt technology and to give up their dependence on spreadsheets, faxes and e-mails when sourcing goods world wide," said Sue Welch, CEO of TradeStone Software. "Sourcing should be easy no matter where a retailer buys its goods, whether it's across the street or across the globe."
Welch said that companies can gain vast efficiencies by not spending their time going to multiple systems and updating a myriad of spreadsheets to plan, cost, order and track product. "Federated is just one example of a company that recognizes that merchants should be freed up to focus on buying and developing products," she said.
Additional Articles of Interest
The focus in the retail sector has shifted from managing the movement of goods to managing information about goods. Read more in "Ramping Up the Retail Supply Chain," in the February/March 2005 issue of Supply & Demand Chain Executive.
For a look at how Tyco Fire & Security is tackling trade compliance issues in its global supply chain, see "Turning Global Trade Compliance Into a Competitive Advantage," in the August/September 2004 issue of Supply & Demand Chain Executive.
For more information on the challenges and opportunities presented by increasingly global supply chains, see the special in-depth report in the August/September 2004 issue of Supply & Demand Chain Executive, which includes the following articles:
- Making Global Supply Chains Work Supply and demand chain practitioners take on the challenges and opportunities of world marketplace.
- The Hidden Costs of a Global Supply & Demand Chain - Veteran industry observers warn of potential hidden costs of offshoring.
- Mastering the Complexity Challenge in the Global Supply Chain - While many companies are acting globally, they are still thinking locally.
- Ensuring Security of Supply in the Lean Supply Chain - Balancing the demands of security with the requirements of today's lean supply chains
- The World Is Enough - Making the global high-tech supply chain more accessible.
For more information on the latest trends in the logistics space, see the article "The Analyst Corner: Fulfillment & Logistics" in the October/November 2004 issue of Supply & Demand Chain Executive.
- More articles about Federated Department Stores.
- More articles about TradeStone Software.
