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 to unifying your buying process delivers increased visibility across the organization, the ability to identify and resolve issues, meet critical milestones and remove both time and cost from your 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.
The TradeStone MLM solution suite consists of:
PLM for Retail
Enables private label and branded merchandise development from inspiration through design to specification and testing.
Global Sourcing
Simplifies and manages the complexities of sourcing from RFQ to supplier selection and negotiation.
Order Management
Supports domestic and international ordering, shortens the order placement and collaborative confirmation processes.
Logistics & Finance
Integrates packing lists, invoices and trace and track data, to provide a holistic view of production and delivery processes.
Supplier Management
Increases visibility and collaboration with trading partners for improved performance and relationship quality.