|
Two-Week Deployment Enables Small and Medium Sized Retailers, Suppliers and Product Development Companies to Compete Globally
Gloucester, Mass., May 30, 2006 — TradeStone Software, the leader in sourcing, product life cycle, and order management solutions, today announced the availability of a services-based version of its popular TradeStone Suite™ designed for small to mid-sized retailers, product development companies and global suppliers. Offered via the "Software as a Service" (SaaS) delivery model, retailers and their global suppliers can now access the core benefits of the TradeStone Suite at a lower price point and without the investment in an IT and software infrastructure. This will enable companies of all sizes to greatly expand business opportunities at highly profitable margins.
Overseas manufacturing has become an attractive alternative for smaller companies thanks to falling profit margins of domestically manufactured goods. However, the complexities of international trade remains a stumbling block, as it is difficult to collaborate with suppliers and customers who are often thousands of miles apart.
"The new service offering extends our vision of unified, borderless commerce, connecting more retailers, manufacturers, suppliers and product development companies in a global network that spans geographies and technologies," said TradeStone Software CEO Sue Welch. "TradeStone Software is proud to be a catalyst in nurturing new supply sources and the development of supply chains to support smaller organizations and new markets in places like Eastern Europe and Africa. Our new services-based offering will help speed globalization, which is so closely linked to the development of emerging markets."
Best-in-class technology within everyone's reach
By offering the TradeStone Suite as an out-of-the-box service, retailers and product development companies of all sizes can more easily and quickly compete via a sophisticated, yet easy-to-use technology that expands their reach and ability to develop and source innovative and creative products worldwide. On the supplier side, TradeStone's virtual product showroom and production collaboration capability supports vendor offerings and demonstrates that even the smallest factories can provide credible information flow and quality products to multi-billion dollar organizations. The service model enables these companies to have the software up and running in as little as two weeks.
"For a small company with large, name-brand clients, the serviced-based TradeStone Suite provided us access to world-class software that would have been otherwise beyond our reach," said Pam Howard, CEO of IBC Worldwide, an Atlanta-based marketing and custom manufacturing company. "TradeStone is the only software application that can unify our purchasing process. Just a few weeks after signing on with TradeStone, we will be able to easily collaborate with both our clients and vendors on product design and prices, reducing the complexity and time of our entire process by half."
Simplifying collaboration and comparison
The service-based version of the TradeStone Suite enables buyers and trading companies to quickly develop product ideas and communicate to potential suppliers by generating Requests for Quotes (RFQs) that are put out to bid to manufacturers worldwide. By normalizing disparate currencies, languages and lead times, and automatically calculating the estimated landed costs for goods, the TradeStone Suite enables product managers and buyers to easily and accurately compare offers from different manufacturers, regardless of their location. Factory orders can be created based on customer demand; TradeStone creates sampling, pre-production and production plans that are managed collaboratively with the supplier to ensure delivery of quality products on time and within budget.
"Increasingly we are hearing from small and mid-market companies that are crying out for more robust and sophisticated global sourcing and order management capabilities," said Ann Diamante, TradeStone Software's chief product officer. "Improving procurement not only means buying cheaper, but also having a sound technological infrastructure to support designing faster, collaborating earlier, sourcing smarter and operating more efficiently. TradeStone's Software as a Service (SaaS) offering is an ideal environment to cost effectively support this need."
Pricing and Availability
The service-offering of the TradeStone Suite is available immediately and can be up and running in as little as two weeks. Prices range from $100 to $300 per user per month. For more information contact TradeStone at (978) 281-3723 or visit TradeStone online at www.TradeStoneSoftware.com.
About TradeStone Software, Inc.
TradeStone Software enables retailers and manufacturers to plan, design, collaborate on and purchase goods from across the world as easily as from across the street. TradeStone's Unified Buying Engine uses Web services technology to layer across an organization's existing infrastructure while its modular software fills in buying process gaps to provide a single view, access and interaction across the entire procurement process. The first and only complete solution for global sourcing, product lifecycle management, and unified order management, TradeStone's intuitive "No Training" technology helps people throughout the supply chain to collaborate globally, enabling users to focus on speeding innovative products to market. Marquee customers include American Eagle Outfitters, The Children's Place, Deutsche Woolworth, Ocean State Job Lot, Pacific Alliance and Federated Department Stores. TradeStone Software is based in Gloucester, Mass. and can be found on the Web at http://www.TradeStoneSoftware.com.
Contact:
Tania Stockbridge
TradeStone Software
978-281-3723
tstockbridge
This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
|