Wilkinson Live with TradeStone Supplier Management to Improve Quality, Lower Costs and Enhance Communication with Suppliers
Rapid Implementation Grants UK Retailer Greater Visibility Into Supplier Operations
(GLOUCESTER, MASS., MAY 05, 2009) TradeStone Software, the retail industry’s leading provider of private label and global sourcing solutions, today announced UK-based retailer Wilkinson is the latest customer to go-live with TradeStone Supplier Management. TradeStone is enabling Wilkinson to have increased communication and collaboration with trading partners to lower costs and improve the performance and the quality of their goods. Wilkinson no longer has to worry about managing their supplier database through various spreadsheets and programs – with TradeStone they have visibility for the first time on compliance, regulations and supplier report cards. The retailer now has greater control over the audit process and the ability to evaluate their factories and thoroughly vet the quality of their vendors.
TradeStone’s Supplier Management solution is enabling Wilkinson to focus on products and their choice of vendors. Supplier Key Performance Indicators drive continuous performance improvement and capture transactional data such as planned vs. actual milestone dates, percentage of Quality Assurance failures and number of late shipments. With TradeStone Supplier Management Wilkinson is improving efficiency in the factory audit process. Wilkinson is also adding basis points to their bottom line by reducing costs associated with improving the quality of goods, as well as reducing returns and increasing customer satisfaction. Wilkinson’s entire supplier data in both the Hong Kong and UK offices is being consolidated through the TradeStone Solution.
“As a family-run business for nearly 80 years, values and trust are very important to us and TradeStone is giving us one of the greatest assets we can have – the ability to really trust our suppliers’ performance and capabilities,” said Phil Barnes, Commercial Planning Manager, Wilkinson. “Having all the data available in one place has eliminated previous ad hoc processes and email based communication and enabled us to make decisions for the first time based on the quality of suppliers we’re working with. Our data now has a level of quality and accessibility it never had before and as a company, we are now able to make more strategic decisions based on which vendors to grow with. We’ve also noticed that because of the simplicity of the system, our buyers have taken to it very quickly, which helps us focus on the buying process.”
“We have also been very impressed with both the TradeStone team and the application. From day one, the product has done exactly what was promised – which is a great compliment. This is just the beginning of a significant partnership that will help us create efficient processes to make our business even more successful for years to come,” said Barnes.
“We are proud that Wilkinson recognizes TradeStone’s Supplier Management solution as a true turning point for their relationship with their supplier community,” said Sue Welch, CEO, TradeStone Software. “The enhanced visibility and communication with their suppliers is enabling them to more effectively meet customer demand, reduce costs and improve overall business operations. The success Wilkinson has seen so far is just a preview of the ROI and time savings they’ll experience as we move forward with implementing our full Merchandise Lifecycle Management suite.
Founded almost 80 years ago by JK Wilkinson, the company was created to deliver his vision of providing customers with extensive choice allied to the highest possible standards of service – but at the lowest possible prices. Today Wilkinson has over 300 stores across England and Wales and is on target to have 500 by 2012. Details of where to find Wilkinson stores and general information and products can be found on the company’s Web site at www.wilkinsonplus.com.
About TradeStone Software, Inc.
TradeStone provides merchandise lifecycle management software that enables the world’s most successful retailers to bring innovative and highly profitable private label products to market at record speeds. TradeStone’s Merchandise Lifecycle Management suite, which consists of TradeStone PLM for Retail (TM), TradeStone Global Sourcing (TM), TradeStone Global Order Management (TM), TradeStone Supplier Management (TM), TradeStone Quality and Compliance (TM) and TradeStone Logistics and Finance (TM) deliver radical results – 200 to 400 basis points to the bottom line; sales increases of 3 – 6 percent; average consumer spend increases of seven percent; and sell through at margins of 78 percent. TradeStone marquee customers include American Eagle Outfitters, Boots, Deutsche Woolworth, Guitar Center, Kohl’s, Macy’s, NBrown Catalog Company, Pacific Sunwear, Regatta, Shoprite, The Children’s Place and Urban Outfitters. TradeStone Software is headquartered in Gloucester, Mass., with offices in Atlanta, New York City, Bangalore, Hong Kong and London and can be found on the Web at www.TradeStoneSoftware.com.