Retailers, consumer packaged goods and apparel manufacturers are under unrelenting pressure to bring more innovative and profitable merchandise to the sales floor. To compete effectively, design and delivery cycle times need to be compressed and new products sped to market all while ensuring that quality and safety are not compromised.
Until now achieving these goals has been difficult or even impossible: Internal departments - from designers to buyers and QA to logistics - need to work together and communicate with far-flung suppliers, agents and factories across multiple time zones and geographies. But this collaboration is hampered by technology. With disparate systems, information silos and disconnected processes to overcome, achieving competitive advantage is difficult, time consuming, labor-intensive and costly.
Merchandise Lifecycle Management is the holistic, informed, and efficient retail process of inspiring, designing, sourcing, procuring, and delivering private label and branded goods.
This approach enables true cross-functional visibility, interaction, and collaboration, resulting in a more agile retail supply chain.
An MLM-enabled business is more responsive to market and consumer trends, more effective in managing product mix, and better able to optimize merchandise decision-making.
The practical result of MLM is seen by enhanced gross margins, gains in market share, improved vendor/supplier relationships, better quality merchandise and reduced operational costs.
Retailers seeking a broad spectrum of capabilities that want a real retail PLM application, not a replacement supply chain or traditional PLM application, are selecting TradeStone Software.
"TradeStone is one of the most important changes to the merchandising process we have ever implemented at the company. It is better than I could have thought – it is a wow!"
— Laura Weil, Former CFO, American Eagle Outfitters