TradeCard, Inc., the supply chain collaboration and global trade platform used by more than 10,000 retailers, brands, manufacturers and service providers since 1999, has launched Trade Xpress to help suppliers manage all of their customers, factories and internal processes on a single platform and obtain real time visibility throughout the entire supply chain. The solution introduces a supplier-centric approach to the TradeCard network.
With Trade Xpress, suppliers can conduct business with their customers and financial institutions online. TradeCard facilitates key transaction events, including order receipt, financing, detailed packing and shipping requirements, invoicing and payments. All transactions and workflow processes are routed seamlessly and documented electronically, regardless of country, language, time zone or technology system. Processes are automated and streamlined across all locations and departments.
"Previously, we received purchase orders from our customers via e-mail and our factories manually generated shipping documents," said Ricky So, Manager of Supply Chain & Strategic Planning Team at Pan Pacific. "Using Trade Xpress today, it's extremely helpful to check all statuses of POs, shipments and payments. We can better manage cash flow using the early payment service. We avoid chargebacks and receive payment within days instead of waiting a full month." Pan Pacific is an apparel producer based in Korea specializing in jackets, coats, knitwear, suits, pants, sportswear and socks.
"Trade Xpress provides a single platform to manage planning, fulfilling, shipping and invoicing orders from our buyers," said Adriana Duque, business unit manager at Supertex S.A. "As a result, we're always ready to handle the next transaction. Trade Xpress delivers a competitive advantage that allows us to increase sales and meet specific requirements from existing and new customers without straining our resources." Supertex is a sportswear manufacturer based in Colombia that uses Trade Xpress to manage receipt and settlement of orders, and scan and pack orders with most of its customers including Patagonia.
"Trade Xpress looks at the world from the supplier's perspective to tackle challenges and pursue opportunities that arise in the day-to-day management of their business," said Sean Feeney, CEO of TradeCard, Inc. "This product launch is a milestone event that puts in the hands of suppliers – for the first time in the industry – the power and control to proactively manage relationships with all of their buyers.
The future of global sourcing is being built around a social media model that equips suppliers with the capabilities to conduct business with a growing number of trading partners at the lowest possible cost, maximizing return on investment. Trade Xpress will enable deeper integration and collaboration within buyer-supplier communities, creating truly adaptive trading networks that better respond to rapidly evolving consumer trends."
Manage Physical & Financial Supply Chain in One Place
Trade Xpress contains built-in compliance tools and on-demand financial services that enhance financial and physical supply chain execution, all the way from the finance department to the factory floor. Suppliers can accurately fulfill multiple customers' shipping requirements on a single system, driving stronger vendor compliance and minimizing chargebacks.
"The ability to connect the entire trading community with access to on-demand financial services at different points in the transaction cycle can have a significant impact on a supplier's working capital and margins. Trade Xpress solidifies TradeCard's multi-enterprise model for the supply chain because it enables all trading partners to manage their business from their vantage point," added Guy Rey-Herme, President & COO, TradeCard, Inc.
Since 1999, TradeCard, Inc. has transformed global supply chain collaboration by boosting visibility, cash flow and margins for over 10,000 brands, retailers, suppliers and service providers operating in 78 countries. TradeCard delivers a cloud-based network that enables complex, multi-enterprise sourcing transactions across multiple layers of the supply chain.
The world's leading retailers and brands, including Levi Strauss & Co., Columbia Sportswear, Guess and Rite Aid, leverage the TradeCard Platform and its member network for sourcing and global trade.
