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To truly improve the safety and quality of goods and minimize the cost, delays, and risk associated with non-compliance, meeting applicable rules must be incorporated into the very inspiration and design of products that retailers deliver and be a core consideration across their entire supply chain. Read this article to learn why compliance is no longer optional.
We hear a lot of talk these days about Cycle Time Reductions and Speed to Market initiatives. There are a multitude of definitions for each and the two concepts are often viewed as one and the same. We disagree. Cycle Time Reduction initiatives focus on compressing timelines to reduce the design to delivery life cycle of products. Speed to Market, on the other hand, is about market penetration and expansion.
It seems there is an ongoing discussion on the definition of the term PLM. Everyone “knows” it stands for Product Lifecycle Management, but what does that mean exactly? In the engineering/manufacturing world it means designing and specifying highly-engineered, complex products like airplanes, trains and automobiles. But in the Retail world, PLM is often used colloquially to mean the entire design through delivery process of private label and branded goods. However, as we’ll see, that’s a case of mistaken identity.
Read both parts of P.J. Jakovljevic's review on TradeStone after he talked with us at NRF.
Merchandise Lifecycle Management solutions that unify the design, sourcing, ordering and delivery of their private label and branded goods.
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