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Gloucester, Mass., September 19, 2007 -- TradeStone Software, the leader in integrated product lifecycle management (PLM) for retail, today announced TradeStone customers have gone live with TradeStone's new quality and social compliance tool - the TradeStone Factory Footprint(TM). A highly visible issue today for retailers and wholesalers is ensuring that products and the factories that produce components and finished goods are safe and conform to specific development guidelines. The TradeStone Factory Footprint is seamlessly embedded and integrated into the retailer/wholesalers' product development, sourcing and order process, allowing merchants to rest easy that the factories they are using or considering for production are operating and adhering to key rules and regulations. It also assures vendors are meeting the social, legal and ethical high standards set up by each retailer/wholesaler to guarantee all goods are compliant and tested for safe delivery.
| Visibility and Audit of Factory Operations Minimizes Risks and Eliminates Recalls
The TradeStone Factory Footprint gives retailers and wholesalers enhanced visibility into supplier factory operations minimizing the risks associated with product safety, regulatory compliance and potentially late deliveries. The Factory Footprint also supports interaction with audit and inspection companies and allows retailers to set up vendor and factory compliance inspections, schedule re-audits automatically, track product testing results and take the appropriate actions based on those results. In addition, the TradeStone Factory Footprint gives vendors, factories and inspectors easy access to appropriate Code of Conduct documentation and certification requirements based on products produced and countries involved in the trading.
"As experts in integrated PLM for retail solutions, we understand and value the importance of compliance for retailers and wholesalers, especially given the national headlines recently around manufacturing errors that lead to product recalls," said Sue Welch, CEO for TradeStone Software. "Since introducing the Factory Footprint, our customers are knocking down our door to integrate this product into their solutions. We are thrilled that the Factory Footprint is bringing peace of mind to key executives and stakeholders."
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About TradeStone Software, Inc.
TradeStone provides integrated product lifecycle management software that enables the world's most successful retailers to bring innovative and highly profitable private label products to the market at record speeds. TradeStone’s Integrated PLM for Retail™ solution, which consists of TradeStone Global Sourcing™, TradeStone Product Introduction™ and TradeStone Global Order Management™, delivers - sales increases of 35 percent; average consumer spend increases of seven percent; and sell through at margins of 78 percent. Marquee customers who have implemented TradeStone’s radical retail solutions include American Eagle Outfitters, Boots, Circuit City, Deutsche Woolworth, Guitar Center, Kohl’s, Novi Footwear, NBrown Catalog Company, Pacific Sunwear, Regatta and The Children’s Place. TradeStone Software is headquartered in Gloucester, Mass., with offices in Atlanta, Bangalore, Hong Kong and London and can be found on the Web at www.TradeStoneSoftware.com.
Contact:
Tania Stockbridge
TradeStone Software
978-281-3723
tstockbridge
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